45-55 40Th St Sunnyside, NY 11104

Property Details for 45-55 40Th St

Year built

1927

Lot size

0.05 lot acres

Property size

3,684 SF

Zone code

R5D

Property type

Apartment buildings

APN

00193-0003

APU

1930003

Description

This exceptional six-family building in the vibrant Sunnyside neighborhood of Queens, New York presents a compelling investment opportunity. Situated on a 20x100 foot lot (building size 20x72), this three-story property boasts six one-bedroom, one-bathroom units, two per floor. A ground-level basement provides ample storage space, and a shared backyard terrace offers tenants an outdoor amenity. The property is conveniently located on 40th Street, between Queens Boulevard and 47th Avenue, placing it within walking distance of public transportation (M train less than a block away), supermarkets, restaurants, schools, a library, a playground, and banks. Commuting to Manhattan is a breeze, with an 11-minute drive or 15-minute train ride to Lexington and 59th Street. The building features gas heating and is well-maintained, with annual roof maintenance. A significant advantage is the potential for immediate income generation, as one unit can be delivered vacant. The current total annual rental and storage income is $96,189. Basement storage is also available for rent to tenants. This property offers a rare combination of location, income potential, and solid construction, making it an ideal addition to any investor's portfolio. The 0.05-acre lot provides a manageable footprint for this well-established multi-family building. This is a must-see property for discerning investors.

Location Insight

City

Long Island City

County

Queens

State

New York

Longitude

-73.9243

Latitude

40.742

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments