4131 49Th StSunnyside, NY 11104

Property Details for 4131 49Th St

Year built

1928

Lot size

0.06 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,019,715

  6.5%

  $941,275

  7%

  $874,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,007,349

  Geo Method

  $1,007,349

• Alternative Use

  Use

  Valuation

  Residential

  $941,275

  Hospitality

  $862,203

  Educational

  $717,343

  Medical

  $742,013

  Retail

  $1,115,867

Location Insight

City

Long Island City

County

Queens

State

New York

Latitude

40.7453

Longitude

-73.9151

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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