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3931 47th Ave 2,705 SF 100% Leased Retail Building Sunnyside, NY 11104 $2,450,000 ($905.73/SF) 4.75% Cap Rate
EXECUTIVE SUMMARY
Newly Renovated Prime 3-Unit Mixed-Use Income Producer in Sunnyside – Cash Flow Awaits! Elevate your portfolio with this solid brick 3-story walkup: two stunningly renovated 2BR/1BA apartments (~1,000sf each) featuring high ceilings, sun-drenched hardwood floors, open kitchens, in-unit washer/dryer, split AC, modern fixtures, stainless steel appliances, including dishwashers. Paired with a versatile turnkey storefront. Just one block from the 7 train, Lowery Station! Just steps from Astoria and Long Island City's buzzing restaurants and nightlife, and a short 20 minutes to Grand Central. Sunnyside shines with parks, cafes, farmers' markets, and athletic outlets fueling tenant demand. Proven rents deliver strong returns and growth in Queens' hot market. Secure lasting value—seize it today!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,705 SF
Building Class
B
Year Built
1930
Price
$2,450,000
Price Per SF
$905.73
Cap Rate
4.75%
NOI
$116,266
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.55
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
R5 - Medium density district with a height limit of 40 feet
Frontage
AMENITIES
- 24 Hour Access
- Air Conditioning
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00194-0005 | Improvements Assessment | $43,310 |
| Land Assessment | $7,752 | Total Assessment | $51,062 |
PROPERTY TAXES
Parcel Number
00194-0005
Land Assessment
$7,752
Improvements Assessment
$43,310
Total Assessment
$51,062
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3931 47th Ave
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