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    4131 49Th St Sunnyside, NY 11104

    Sponsored
    For Sale
    $1,598,000

    Prime Sunnyside location, six 2BR/1BA units, excellent income.

    Property size:
    4,974 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a fully occupied three-story multifamily building situated in the highly desirable Sunnyside neighborhood of Queens, New York. The property, located at 41-31 49th Street, boasts a total of six two-bedroom, one-bathroom units, providing a consistent rental income stream. The building encompasses 4,974 square feet and includes a cellar and a rear yard. Under the same ownership since 1961, the building has been meticulously maintained and upgraded over the years. Significant improvements include a complete gas boiler replacement in 2019 and a roof that is less than 15 years old and has received annual maintenance. Many units feature updated kitchens and bathrooms, enhancing their appeal to tenants. The property's strategic location offers easy access to public transportation, including the #7 subway line (46th Street and 52nd Street stations), as well as the Q32, Q60, and Q104 bus routes, the Long Island Rail Road (LIRR), and LaGuardia Airport shuttle service. Sunnyside itself provides a vibrant and convenient lifestyle with a diverse array of restaurants, shops, cafes, green spaces, and other amenities. The building features a living room/dining room combination in each unit and two separate hot water heaters. This property represents a rare chance to acquire a well-maintained, income-producing asset in a prime location with strong tenant demand.

    Property Features for 4131 49Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,974 SF

    Building Details

    Year Built
    1928
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyside
    County
    Queens
    State
    New York
    Longitude
    -73.91517
    Latitude
    40.7453

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Sunnyside location, six 2BR/1BA units, excellent income.
    Where is this commercial real estate located?
    The property is located at 4131 49Th St Sunnyside, NY.
    What is the asking price?
    The asking price for this property is $1,598,000.
    (718) 706-0957
    Request Owner's contact information
    4131 49Th St Sunnyside, NY 11104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4131 49Th St Sunnyside, NY 11104
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