Multifamily
47-49 44th Street
47-49 44th St, Sunnyside, NY 11377
Listing Price: $1,150,000
Investment Overview
Marcus & Millichap is pleased to offer 47-49 44th Street a unique opportunity to acquire a fully residential six-unit building in the heart of Sunnyside, Queens at an exceptionally low basis. The property is 100% rent stabilized and produces steady in-place cash flow today, but the true appeal of the investment lies in its long-term positioning. For investors with a patient outlook, ownership here represents a compelling risk-adjusted bet on the future of New York’s rent stabilization framework. Should any meaningful legislative change occur, the ability to reposition rents over time could unlock substantial upside relative to the current basis.
47-49 44th Street
Investment Highlights
- 47-49 44th Street, built in 1928, comprises 6 residential units, approx 5,148 SF.
- Tax Class: 2A | Zoning: R5 | 100% Rent-Stabilized
- 47-49 44th Street is located just a short five-minute walk from the 7 train and surrounded by Sunnyside's vibrant residential and retail corridors.
Exclusively Listed By
Financing By
Listing Price: $1,150,000
Investment Highlights
- 47-49 44th Street, built in 1928, comprises 6 residential units, approx 5,148 SF.
- Tax Class: 2A | Zoning: R5 | 100% Rent-Stabilized
- 47-49 44th Street is located just a short five-minute walk from the 7 train and surrounded by Sunnyside's vibrant residential and retail corridors.
Investment Overview
Marcus & Millichap is pleased to offer 47-49 44th Street a unique opportunity to acquire a fully residential six-unit building in the heart of Sunnyside, Queens at an exceptionally low basis. The property is 100% rent stabilized and produces steady in-place cash flow today, but the true appeal of the investment lies in its long-term positioning. For investors with a patient outlook, ownership here represents a compelling risk-adjusted bet on the future of New York’s rent stabilization framework. Should any meaningful legislative change occur, the ability to reposition rents over time could unlock substantial upside relative to the current basis.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
