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Six-Story Elevator Apartment Building
For Sale
Contact for pricing
Pending

45-50 48th St, Sunnyside, NY 11377

Built in 1935, the property contains 35 apartments plus a cellar superintendent’s unit.

Property SizeContact for details
Days on Market150

Property Features for 45-50 48th St

General Information

Standard status Pending
Elevators Yes
Property subtype Multifamily

Units

Unit Mix 23 x Studio, 12 x 1BR
Multifamily Units 35

Additional Details

Public Transit Yes

Building Details

Year Built 1935
Buildings 1
Stories 6
Listing Agency: TEK Realty Advisors LLC
Listed By: Theo Kontis, SIOR · License #NY 10491208077
Source: Crexi
Added: Apr 10 Changed: Sep 3 Last Checked: Sep 2 at 7:40PM

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 TEK Realty Advisors LLC

Investment Insights

Based on property information with market context.

This 40-foot-wide elevator apartment building was constructed in 1935 and extends six stories. The 35-apartment configuration includes 23 studios and 12 one-bedroom units, with one-bedroom apartments identified as the B and E lines. A superintendent’s unit is located in the cellar, and the building is described as receiving strong natural light and air.

The property occupies the west side of 48th Street between 47th Avenue and Queens Boulevard, one block south of Queens Boulevard. The 46th Street and Queens Boulevard No. 7 subway station is approximately a four-minute walk away, with reported service to Grand Central Terminal in 26 minutes. Sunnyside shopping and dining options are nearby.

Key Highlights

  • 35 apartments: 23 studios and 12 one‑bedrooms
  • 40‑foot‑wide, six‑story elevator building constructed in 1935
  • Cellar superintendent’s unit included

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Acupuncture Skin Care Clinic Hair Salon Gym & Fitness Center

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

Lease Details

35
Residential units

Location Intelligence

Trade Area within ½ mile

2,339
Businesses Nearby

Demographics for 11377, NY

91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 1935, the property contains 35 apartments plus a cellar superintendent’s unit.
Where is this apartment building located?
The property is located at 45-50 48th St Sunnyside, NY.
What are key features of this property?
This property features: 35 apartments: 23 studios and 12 one‑bedrooms; 40‑foot‑wide, six‑story elevator building constructed in 1935; Cellar superintendent’s unit included
More about this property
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