45-15 45th St, Sunnyside, NY 11104

Mint Condition 6-Family Investment Property in Sunnyside, Queens Prime opportunity to acquire a mint-condition six-family multifamily property in desirable Sunnyside, Queens, offering a compelling combination of existing regulated rents, newly updated market-rate rents, and immediate occupancy potential. The property features five 2-bedroom apartments and one 1-bedroom apartment, with three units currently vacant and available for immediate or near-term occupancy. The vacant apartments provide a new owner with the opportunity to establish updated market rents while maintaining a diversified income stream across regulated and market-rate tenancy. Financial Highlights Projected Annual Rent Roll: $167,088 Operating Expenses: $42,024 Projected NOI: $125,064 Asking Price: $1,750,000 Projected Cap Rate: 7.1% Operating expenses include oil, gas, water, property taxes, and insurance. The projected NOI reflects a 21.83% increase in the first year, driven primarily by the updated rents associated with the currently vacant units. At the $1.75 million asking price, the property is projected to deliver a 7.1% capitalization rate based on the projected rent roll and operating expenses. Ideal for Both Investors & End-Users *For an investor, the property offers a value-add opportunity with three vacant apartments, allowing for potential rent optimization while retaining income from the existing occupied units. The combination of regulated and market-rate apartments provides a diversified rental profile and multiple avenues for long-term income growth. *For an end-user, the property presents the opportunity to acquire a well-maintained multifamily asset in Sunnyside while potentially occupying one of the units and generating rental income from the remaining apartments. This structure can provide an owner-occupant with a practical path to offsetting housing costs while building long-term real estate equity. **Sunnyside Location** Located in Sunnyside, Queens, the property benefits from a residential neighborhood setting with convenient access to transportation, local shopping, dining, parks, and the broader Queens and New York City market. Whether purchased as an income-producing investment, an owner-occupied multifamily property, or a combination of both, 45-15 45th St offers a flexible opportunity to acquire a six-family asset with existing income, available units, and potential for future rent growth. *Offered at $1,750,000 | Projected 7.1% Cap Rate*