Introducing 39-29 47th Avenue -- a fully remodeled 10-unit mixed-use asset in the heart of Sunnyside, Queens. This income-producing property consists of six residential units (5 free-market, 1 rent-stabilized) and four commercial spaces, delivering a diversified and balanced revenue stream in one of Queens' most stable rental corridors.
7.5% CAP RATE
Renovated in 2018, the building seamlessly blends classic brick architecture with modern upgrades. The residential units are finished to today's tenant expectations, featuring:
Stainless steel appliances
In-unit washers and dryers
Hardwood flooring
Updated kitchens and baths
These high-end finishes attract quality tenants and support strong rental positioning.
Positioned just moments from the 40th Street-Lowery Street station on the 7 train, residents enjoy direct and convenient access to Midtown Manhattan. Sunnyside continues to thrive as a high-demand rental market.