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Sunnyside Gardens Brick Townhouse
For Sale
$1,499,000
Pending

39-47 43rd St, Queens, NY 11104

Charming 5-bedroom townhouse in historic Sunnyside Gardens neighborhood.

Property Size1,400 SF
Lot Size0.06 Acres
Days on Market191

Property Features for 39-47 43rd St

General Information

Standard status Pending
Size 1,400 SF
Lot size 0.06 Acres
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $8,554

Building Details

Building Size 1,400 SF
Year Built 1930
Listing Agency: Nest Seekers LLC
Listed By: Bianca Dalessio · License #10301219609
Source: Elliman
Added: Apr 11 Changed: Oct 15 Last Checked: Oct 16 at 10:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nest Seekers LLC

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Investment Insights

Based on property information with market context.

Located in the Historic Sunnyside Gardens neighborhood, this three-level brick townhouse features 5 bedrooms and 3 bathrooms. Situated on a 25' x 95' lot along Madison Court, the property offers greenery and connectivity. Configured as a three-level residence with a 25' x 28' building footprint, this property offers multiple possibilities. It can be used as a first-floor/basement owner’s duplex with a rental income-producing unit on the second floor, or converted into a single-family home spanning all three levels. The first-floor residence includes a foyer, formal living room with bay window, dining room, kitchen, full bathroom, and two bedrooms. The dining room opens to a paved patio and private courtyard. The second-floor residence includes a vestibule, formal living room, eat-in kitchen, full bathroom, and two bedrooms. The kitchen leads to a private terrace overlooking Madison Court. This level also provides access to a third-floor attic with high ceilings, currently used for storage with potential for additional uses. The property features a slate roof. The high-ceiling, walk-in basement is configured as a recreation space, complete with a bathroom, bedroom area, laundry, storage, and utility rooms. The basement has its own private rear entrance and connects to the home’s courtyard. Sunnyside Gardens is known for its streets, pre-war charm, and small-town feel. Residents have access to Manhattan via the 7 train, Q32/Q60 Buses, local cafes, restaurants, and small businesses, Sunnyside Gardens Park, and a year-round green farmers market. The bike score is 80, the walk score is 97, and the transit score is 99. Annual Taxes are $8,067.

Key Highlights

  • Prime location in the highly desirable, historic Sunnyside Gardens neighborhood.
  • Versatile three‑level layout provides options for owner's duplex with rental income or conversion to a single‑family home.
  • Enjoy private outdoor spaces including a courtyard, patio, and terrace.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$115,861
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,317,220 $2.3M
Cap Rate 7%
$1,655,157 $1.7M
Cap Rate 9%
$1,287,344 $1.3M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$176.4K $25.20/SF
− Vacancy
−$10.9K −$1.55/SF
EGI
$165.5K $23.65/SF
− OpEx
−$49.7K −$7.09/SF
NOI
$115.9K $16.55/SF
Area
Queens County, NY
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,317,220
Cap Rate 7%
$1,655,157
Cap Rate 9%
$1,287,344

Alternative Uses

Best Use
Apartment 5plus
$2.44M
$2.14M – $2.85M (±1% cap)
NOI $171,111 @ 7.0% cap · market cap 11.42%
Second Best
Multifamily LT 5
$1.66M
$1.45M – $1.93M (±1% cap)
NOI $115,861 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$5.16M
$4.52M – $6.02M (±1% cap)
NOI $361,234 @ 7.0% cap · market cap 24.10%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Dental Office Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,170
Businesses Nearby

Demographics for 11104, NY

27,407
Population
13,224
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
68,518
Density / Sq Mi
$84,716
Median Household Income
$60,346
Median Earnings
$1,924
Median Rent
$665,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Charming 5-bedroom townhouse in historic Sunnyside Gardens neighborhood.
Where is this triplex located?
The property is located at 39-47 43rd St Queens, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Prime location in the highly desirable, historic Sunnyside Gardens neighborhood.; Versatile three‑level layout provides options for owner's duplex with rental income or conversion to a single‑family home.; Enjoy private outdoor spaces including a courtyard, patio, and terrace.
More about this property
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