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4516 39th Place
Sunnyside NY 11104 US

$4,799,000

Active Listing ID 1017923
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Lot: 0.06 Acres
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$4,799,000

Active Listing ID 1017923
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4516 39th Place 45-16 & 45-18 39th Place TWO SEMI-ATTACHED MULTIFAMILY BUILDINGS | 20 UNITS | 60% FREE MARKET 12 Free Market Units (60%) 6 Vacant Units (4 FM, 2 RS) 17 Renovated Apartments 2 Newly Constructed Units Family-Owned Since Early 1960s One Block from the 7 Train Prime Sunnyside Location Significant Lease-Up Opportunity New Boiler Extensive capital improvements Ideal for 1031 exchange and/or owner/operator. The combined offering of 45-16 & 45-18 39th Place presents a rare opportunity to acquire two contiguous multifamily buildings totaling 20 residential units in the heart of Sunnyside, Queens, just one block from the entrance to the 7 train. Family-owned and meticulously maintained since the early 1960s, the property consists of two semi-attached 10-family buildings that reflect decades of attentive ownership, ongoing capital improvements, and strong physical maintenance. The portfolio features 17 renovated apartments and 2 newly constructed units, demonstrating a consistent commitment to upgrading and preserving the asset. Of the 20 residential units, 12 are free market, representing 60% of the portfolio and providing investors with significant operational flexibility and long-term income growth potential. The property is currently configured with 6 vacant units, including 4 free-market apartments, creating an immediate opportunity to increase occupancy and revenue through strategic lease-up. This combination of free-market exposure and vacancy-driven upside is rarely available within Sunnyside's highly sought-after and supply-constrained rental market. The unit mix consists primarily of one-bedroom apartments, complemented by two ground-level two-bedroom units. Opportunities to acquire multifamily assets of this scale, location, and ownership history trade infrequently within Sunnyside.

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Property Features

  • Facts
  • Lot Size: 0.06 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Wall/Window Unit(s), Window Unit(s)
  • Floor Covering: Hardwood
  • Heating Fuels: Radiant
  • Additional Features
  • Basement

School Information

  • School
  • Ps 199 Maurice A Fitzgerald(Elementary)
  • Is 125 Thomas J Mccann Woodside(MiddleSchool)
  • Queens Technical High School(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 4799000
  • unparsedaddress: 4516 39th Place
  • postalcity: Sunnyside
  • stateorprovince: NY
  • country: US
  • postalcode: 11104
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.062
  • lotsizeunits: Acres
  • lotsizearea: 0.062
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Vincent J. Prezioso
  • listagentemail: vince.prezioso@corcoran.com
  • listagentkey: 3yd-MLSLINY-503877
  • listagentmlsid: 503877
  • listagentpreferredphone: 9142220193
  • listagentofficephone: 9142220193
  • listofficekey: 3yd-MLSLINY-JCHA03
  • listofficemlsid: JCHA03
  • disclaimer: Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MLSLINY
  • yearbuilt: 1931
  • listingcontractdate: 2026-06-01
  • countyorparish: Queens
  • parcelnumber: 00195-0036
  • elementaryschool: Ps 199 Maurice A Fitzgerald
  • highschool: Queens Technical High School
  • elementaryschooldistrict: Queens 24
  • middleorjuniorschooldistrict: Queens24
  • highschooldistrict: Queens24
  • appliances: Gas Oven, Gas Range, Refrigerator, Stainless Steel Appliance(s)
  • cooling: Wall/Window Unit(s), Window Unit(s)
  • constructionmaterials: Brick
  • flooring: Hardwood
  • heating: Radiant
  • numberofunitstotal: 20
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: On Street
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Basement
  • utilities: Electricity Available
  • basement: Finished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Corcoran", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"vince.prezioso@corcoran.com", "ListBrokerageCity":"Westhampton Beach", "ListBrokerageCountry":"US", "ListBrokerageEmail":"jocelyn.haas@corcoran.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Corcoran", "ListBrokeragePhone":"(631) 288-6900", "ListBrokeragePostalCode":"11978", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"92 Main Street", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"4734 Vernon Blvd ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"JCHA03", "ListOfficeCity":"Long Island City", "ListOfficeCountry":"US", "ListOfficeEmail":"jocelyn.haas@corcoran.com", "ListOfficePostalCode":"11101", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Sunnyside, NY", "ListingURL":null, "MLSModificationTimestamp":"2026-06-26 17:18:36", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":31940, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/26/2026 5:44:56 PM GMT
Source Updated Date: 6/30/2026 12:50:44 AM GMT

Courtesy of: Vincent J. Prezioso, Corcoran, vince.prezioso@corcoran.com

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.