41-07 47th Avenue
$3,850,000
($280 per ft2)
| 20 beds, 12+ baths | Approx. 13,752 ft2
50 days on Market
Key Details
-
Listed: Oct 24, 2024Days on Market: 50Building Type: RentalNeighborhood: Sunnyside (LIC / Queens)
Monthly Real Estate Taxes:
$7,920
Total Taxes & Fees:
$7,920
($0.58/ft2)
Est. Monthly Mortgage:
$19,977
Mortgage calculator
Total Est. Monthly Carrying Cost:
$27,897
($2.03/ft2)
Note: the above is based on a down payment of 20% ($770,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Spacious and Versatile Living: This large, over 13,752 square feet apartment features 6+ bedrooms and 6+ bathrooms, making it perfect for large families or shared living. The building consists of four floors, providing a sense of community while still offering privacy.
- Prime Location: Nestled in the desirable Sunnyside neighborhood, this property is conveniently located near Queens Blvd, offering easy access to restaurants, bars, coffee shops, galleries, grocery stores, and shopping. It's also in close proximity to the 7 subway line, providing easy access to Long Island City and Manhattan.
- Financial Stability and Potential Income: The well-managed, rent-stabilized building provides financial stability for residents. Additionally, the building consists of twenty income-producing units, offering a potential source of income for the owner.
- Development and Renovation Opportunities: The property, set on a large 50’ X 100’ lot, has potential for further development due to remaining FAR. As the building is not landmarked, there is flexibility for future renovations or changes.
- Recent Improvements and Pre-War Charm: The building has recently undergone capital improvements, adding value to the property. Built in 1933, the building retains its pre-war charm.
- Cost-Effective Living: There are no additional fees for rental, making this property a cost-effective choice for residents.
Description
Introducing 41-07 47th Ave, well managed rent stabilized building in heart of Sunnyside. Extraordinary opportunity for new ownership/investor to add to their existing portfolio since the building has recently undergone capital improvements, value add is there with slight tweaks, and lastly ability to utilize remaining FAR to develop.
Existing Building & Property Features: Current Zoning is R6A not landmarked, set on a 50’ X 100’ lot, the existing 4-story masonry building approx. 13,752SF. It currently consists of twenty (20) income-producing units: The layouts consist of a mix of one (1) bedrooms with certain ones being larger.
A bustling location right on 47th Ave nearby Queens Blvd with ever expanding restaurants, bars, coffee shops, galleries, grocery stores, shopping, supermarkets.
Walk to the 7 subway line on 40th St-Lowery St around the corner providing easy access to Long Island City and Manhattan. This area is constantly being sought after and developed due to close proximity.
Reach out to request setup and any questions.
Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyers are advised to verify all information.
All content above are visible to screen reader users, so you may ignore the show more button below.
Listing courtesy of
Corcoran Group
Pricing History
Certain content is available only to members.
There's no obligation.
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
