4836 41st St - Apartments FOR SALE


Sunnyside, NY 11104
$3,400,000 USD
309-210-5330
4836 41st St, Sunnyside, NY for Sale
$3,400,000 USD
Apartments - FOR SALE
1/11
null | 6.45% Cap Rate

4836 41st St
Sunnyside, NY 11104


HIGHLIGHTS

  • Prime Sunnyside location, steps from the 40th Street '7' Subway station (10-minutes from Manhattan)
  • 5,200 square feet of thoughtfully designed living spaces
  • Assumable Financing Available
  • Hardwood floors
  • Washer/Dryer in each unit
  • Stainless Steel appliances

OVERVIEW

Cushman & Wakefield is pleased to present to market 48-36 41st Street (The Anthony), located in Sunnyside, Queens. The 5,200 SF, six-unit property is located between Greenpoint Avenue and 50th Avenue, two blocks from the 40th Street '7' train station. Renovated to the studs in 2020, the property received over $1,000,000 in upgrades and is brand new bar the exterior walls. The property boasts exceptionally thoughtful floor-plans, utilizing space rarely seen in pre-war renovations. The Anthony is outfitted with mini-split systems for all units, stainless steel appliances, and Washer/Dryers in each unit. The property is currently 100% occupied with an average rent of $73/SF providing stable cash-flow for investors. Yearly rental growth has been consistently in the 6-8% range since first lease-up and lease expirations are timed up well with the summer leasing season. ASSUMABLE FINANCING AVAILABLE: Freddie Mac loan at 3.39% interest rate until 2031.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$810 USD /SF

# OF UNITS

6

PRICE/UNIT

$566,667

CAP RATE

6.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,213 SF

ZONING

R5

APN/PARCEL ID

00202-0048

ASK ABOUT THIS PROPERTY

Nick KolbusCushman & WakefieldMore Info
309-210-5330

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Nick KolbusCushman & WakefieldMore Info
309-210-5330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.