4822 41ST ST Long Island City NY 11104-3105

For Sale: Rent-Stabilized 6-Unit Investment Property | Sunnyside, Queens

48-20 41st Street • Sunnyside • Queens, NY 11104

Rare opportunity to acquire a six (6) unit rent-stabilized multifamily building in the heart of Sunnyside, one of Queens’ most established and transit-oriented neighborhoods.

This classic three-story brick property, built in 1929, offers approximately 3,720 square feet of residential space situated on a 1,961 square foot lot. The building features six residential apartments and presents a stable, regulated income stream within New York City’s rent-stabilization framework — ideal for investors seeking long-term, predictable cash flow in a high-demand rental market.

Property Highlights:

• 6 Residential Units – Fully Rent-Stabilized
• Approx. 3,720 SF Building Size
• 3 Stories | Brick Construction
• Built 1929
• Strong Walkability (Walk Score 97)
• Excellent Transit Access (7 Train Nearby)
• Located in the Highly Desirable Sunnyside Submarket

OPEN TO ALL OFFERS

Sunnyside continues to attract strong tenant demand due to its close proximity to Manhattan, neighborhood retail corridors, restaurants, and community amenities. The property offers investors the opportunity to secure a well-located, regulated asset with long-term upside through rent guideline increases and operational efficiencies.

This is a foundational Queens multifamily asset positioned for stable performance in one of NYC’s most resilient rental markets.

Annual Rental Income $69,956.76

Taxes $25,687

Insurance should be around $250-$300/M but will let you know the exact amount when the policy updates. We had to remove a few properties that were on the same policy.

So Net should be around $41,669.76.

All 6 units are rent controlled.