- For Sale $8,600,000
- Property Type Multi-Family
- Property Size 58,800 SF
- Units 60
- Cap Rate % 7.24
- Taxes / YR $250,714.00
- Zoning R6
- # of Floors 6
- Date Updated May 5, 2026
Description
Investment Highlights
• A prominent six-story, elevator-serviced apartment building spanning approximately 58,800 gross square feet
• Situated on the east side of 40th Street, just 0.2 miles from the 7-subway line for an easy Manhattan commute
• Clean and well-maintained building with strong collections
• Features a strong mix of both fair-market and rent-stabilized apartments
• The property is a short walk to the iconic Sunnyside Arch on Queens Boulevard and the historic Sunnyside Gardens historic district
• Cash-flowing asset generating approximately $1,300,000 in gross annual income
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Contacts
Sam Schertz
Ariel Property Advisors
Alexander Taic
Ariel Property Advisors
Jack Mastrocola
Ariel Property Advisors
Location
Located at 47-51 40th Street, Sunnyside, NY 11104, this property is part of the Sunnyside neighborhood.
Contact 60-Unit Prewar Elevator Building
