60-Unit Prewar Elevator Building
47-51 40th Street, Sunnyside, NY 11104
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
Building Details
- 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
- Additional Rent Price on request
- # of Floors 6
- Date Updated May 5, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Location
- City Sunnyside, NY
- Neighborhood Sunnyside
- Zip Code 11104
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Walk score 96/100 Walker's Paradise -
Transit score 83/100 Excellent Transit -
Bike score 86/100 Very Bikeable
Points of Interest
46th Street–Bliss Street
0.39 miles
52nd Street–Lincoln Avenue
0.70 miles
Caprice
0.81 miles
36th Street
0.84 miles
Queens Plaza (E,M,R)
0.91 miles
39th Avenue
0.96 miles
Court Square
1.09 miles
Midtown Operating
1.16 miles
Platform A
1.17 miles
LIRR Station Mezzanine
1.19 miles
Shell
0.24 miles
Speedway
0.24 miles
Citgo
0.31 miles
Mobil
0.36 miles
Gulf
0.48 miles
BP
0.48 miles
Global
0.52 miles
Exxon
0.62 miles
Tesla Supercharger
2.10 miles
ChargePoint
2.33 miles
Private Parking Lot
0.27 miles
MTP Park
0.68 miles
FDNY Fleet Services
0.72 miles
Central Parking System of New York, Inc.
0.73 miles
LaGuardia Community College Parking Lot
0.79 miles
Municipal Parking
1.45 miles
Quik Park
1.69 miles
MTA NYCT Emergency Response Unit
1.72 miles
Connoly's Parking Lot
1.94 miles
Motorgate Public Parking Garage
2.05 miles
Enterprise
0.36 miles
Glyde Management TLC Rental
0.53 miles
Fast Track Mobility
0.54 miles
Empire
0.81 miles
Mizuma International Inc.
0.97 miles
Rent A Center
1.19 miles
Barn Truck Rental
1.37 miles
Queensboro Car Wash
1.41 miles
Hand Car Wash Detailing
1.47 miles
Java Car Services
1.64 miles
Ten Full
0.03 miles
Danubius
0.04 miles
Marabella Pizza
0.05 miles
Papa John's
0.05 miles
Finest Sushi
0.05 miles
Mistura Peruana
0.06 miles
Curry Point
0.06 miles
La Pollera de Mario
0.07 miles
Shah's Halal Food
0.10 miles
Empire Sandwich Shop
0.11 miles
Superfresh
0.08 miles
Green Valley Marketplace Sunnyside
0.24 miles
Good Neighbors Sunnyside
0.30 miles
Fresh N' Save Supermarket
0.36 miles
Food Universe
0.42 miles
Parrot Coffee Market Place
0.44 miles
Fresh n Save Marketplace
0.70 miles
Food Bazaar
0.83 miles
Burlington
0.91 miles
City Acres Market
0.93 miles
Sunnyside Pediatrics
0.13 miles
Family Pharmacy
0.17 miles
43rd Street Family Practice
0.20 miles
First Med Pharmacy
0.23 miles
CVS Pharmacy
0.23 miles
Rapid Drugs
0.31 miles
Prime Pharmacy
0.32 miles
Tribeca Pediatrics
0.35 miles
Medical Office
0.36 miles
Amazon Pharmacy
0.37 miles
Listing Summary
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Property Financials 47-51 40th Street is currently listed for sale at $8,600,000 for a price per square foot of $146.26. Yearly taxes for this property stand at $250714.
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Property Details 47-51 40th Street totals 58,800 square feet of Multi-Family space across 6 floors.
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Area Characteristics 47-51 40th Street is located in the Sunnyside neighborhood. The site that the property is located on is zoned R6.
In terms of ease of commuting, the area has a walk score of 96, indicating that it is perfect for walking.
