4131 49Th St Sunnyside, NY 11104
- Apartment buildings
- 4,974 SF
- 0.06 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 4131 49Th St
- Year built
- 1928
- Lot size
- 0.06 lot acres
- Property size
- 4,974 SF
- Zone code
- R5D
- Property type
- Apartment buildings
- APN
- 00134-0016
- APU
- 1340016
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $355,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $305,000
- Mixed-Use
- $320,000
- Hospitality
- $355,000
- Educational
- $310,000
- Residential Income
- $365,000
- Energy
- $350,000
- Income-Based Land
- $310,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Long Island City
- County
- Queens
- State
- New York
- Longitude
- -73.9151
- Latitude
- 40.7453
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
