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3931 47th Ave 3,135 SF 100% Leased Retail Building Sunnyside, NY 11104 $3,196,400 CAD ($1,019.59 CAD/SF) 5.10% Cap Rate



Executive Summary
Newly Renovated brick 3-unit mixed-use income producer in prime bustling Sunnyside, an up-and-coming neighborhood only minutes to Manhattan. R5D, C1-3 zoned. Both 2nd and 3rd floor are 1045 sq ft each spacious 2 Bedroom apartment with in-unit washer/dryer, modern fixtures, hardwood floor, open kitchen and stainless steel appliance. 1st Floor is a turnkey storefront (currently rented to a beauty spa) with a large backyard and basement for storage. One block to 7 train 40 St-Lowery station and PS 199. Walking distance to shops, restaurants, farmers' markets and cafes along Queens Blvd and Greenpoint Ave. Minutes away from buzzing nightlife of Astoria and Long Island City. Over $116K solid net operating income in a highly desirable neighborhood. Great Investment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,135 SF
Building Class
B
Year Built/Renovated
1930/2023
Price
$3,196,400 CAD
Price Per SF
$1,019.59 CAD
Cap Rate
5.10%
NOI
$162,997 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.80
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
R5-C1 - 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 | $65,165 CAD |
| Land Assessment | $10,630 CAD | Total Assessment | $75,795 CAD |
Property Taxes
Parcel Number
00194-0005
Land Assessment
$10,630 CAD
Improvements Assessment
$65,165 CAD
Total Assessment
$75,795 CAD
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Presented by
AAA Young Shuen Realty Inc.
3931 47th Ave
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