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3931 47th Ave 2,705 SF 100% Leased Retail Building Sunnyside, NY 11104 $3,154,475 CAD ($1,166.16 CAD/SF) 5.08% Cap Rate
Investment Highlights
- Fully renovated within last 3-4 years
Executive Summary
Newly Renovated Prime 3-Unit Mixed-Use Income Producer in Sunnyside – Cash Flow Awaits! Elevate your portfolio with this solid brick 3-story walkup: two stunningly renovated 2BR/1BA apartments (~1,000sf each) featuring high ceilings, sun-drenched hardwood floors, open kitchens, in-unit washer/dryer, split AC, modern fixtures, stainless steel appliances, including dishwashers. Paired with a versatile turnkey storefront. Just one block from the 7 train, Lowery Station! Just steps from Astoria and Long Island City's buzzing restaurants and nightlife, and a short 20 minutes to Grand Central. Sunnyside shines with parks, cafes, farmers' markets, and athletic outlets fueling tenant demand. Proven rents deliver strong returns and growth in Queens' hot market. Secure lasting value—seize it today!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,705 SF
Building Class
B
Year Built/Renovated
1930/2022
Price
$3,154,475 CAD
Price Per SF
$1,166.16 CAD
Cap Rate
5.08%
NOI
$160,156 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.55
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
R5 - Medium density district with a height limit of 40 feet
Frontage
Amenities
- 24 Hour Access
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00194-0005 | Improvements Assessment | $59,456 CAD |
| Land Assessment | $10,642 CAD | Total Assessment | $70,098 CAD |
Property Taxes
Parcel Number
00194-0005
Land Assessment
$10,642 CAD
Improvements Assessment
$59,456 CAD
Total Assessment
$70,098 CAD
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3931 47th Ave
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