48 48th Street

New York NY 11377

3960 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

6 bathrooms

3960 sq. ft. floor area

Multi-Family

Happy sellers in New York

We have insufficient information to provide an overview of customer satisfaction for New York. Viewing the agent profiles, reviews and sales for New York can provide insights for this location.