For sale
$1,200,000
Multifamily property
4522 40th StSunnyside, NY 11104
Listing courtesy of UNIVERSAL REALTY GROUP NY CORP · MyStateMLS #12051875
For sale
$1,500,000
3,960 SF building
48-14 48th StreetSunnyside, NY 11377
Multifamily property · MLS 11939928 · Listed 78 days ago (Aug 18, 2026)
Active: Listed and available according to the MyStateMLS feed.
About this property
Fully rented six-family walk-up in the heart of Sunnyside - one of the most stable small-multifamily markets in Queens. The building sits on a 25 x 100 lot with R5 / C1-2 zoning and contains five 2-bedroom apartments and one 1-bedroom. Two apartments are free market, four are rent stabilized. Sunnyside is block after block of pre-war walk-ups with a deep working-renter base anchored by Manhattan and Long Island City employment. The 7 train at the 46th St-Bliss St and 52nd St stations puts tenants at Grand Central in roughly 10 minutes. Strong in-place income at actual rents - an ideal fit for an owner-operator or 1031 buyer seeking durable cash flow in a proven rental pocket. Full setup, rent roll, and operating statement available upon request.
Description provided by the listing brokerage.
Key facts
- Asking price
- $1,500,000
- Status
- For sale
- Property type
- MultifamilyFrom the MLS property class
- Building area
- 3,960 SFSource field LivingArea
- MLS number
- 11939928
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $1,500,000
- Price per SF of building
- $379/SFAsking price ÷ 3,960 SF reported building area
- Annual taxes
- $18,771
Building and site
- Stories
- 3
- County
- Queens County
Investment figures reported in the description
- Occupancy
- 100% (actual or pro forma not stated)". fully rented six-family walk-up in the hea…"
These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.
Reported features
- Near public transit (from a listing field)
A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Sunnyside or multifamily property in Sunnyside.
Why this listing is on Commercial Only
- Multi-unit income property class. (PropertyTypeDetail: multi-5-plus)
How listings qualify. Something wrong? Report it.
Price and status history
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Listing courtesy of UNIVERSAL REALTY GROUP NY CORP · MyStateMLS #12024526
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Guides
Listing courtesy of GRAVITY REAL ESTATE ADVISORS LLC. Listing agent: Dimitrios Kapelonis. Listings provided by MyStateMLS.
Listing last modified at the source Aug 18, 2026, 2:30 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 9:30 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.