5011 45Th St Queens, NY 11377

Property Details for 5011 45Th St

Year built

1926

Property size

4,920 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a three-story, six-unit apartment building located at 5011 45th Street in the desirable Sunnyside neighborhood of Queens, New York. Built in 1926, this 4,920 square foot walk-up building is currently half vacant, offering immediate potential for increased rental income. The property boasts a coveted Tax Class 2A designation, providing significant tax advantages. Each of the six units offers comfortable living space. The building's prime location on a quiet residential street offers residents peace and tranquility while being conveniently situated near a vibrant retail corridor. This area is rich with shopping, dining, and diverse entertainment options. Furthermore, the property enjoys excellent public transportation access, with the 7 train conveniently located at the nearby 40th Street Station. Priced at $1,375,000, this represents a compelling price per square foot of $279, making it an attractive investment opportunity for discerning buyers seeking strong returns in a stable and sought-after market. The building's solid construction and desirable location promise long-term value and potential for appreciation. This is a rare chance to acquire a well-positioned multifamily property in a thriving Queens neighborhood.