± EXECUTIVE SUMMARY

Besen & Associates, as exclusive agent for Ownership, is pleased to offer for sale 47-26 46th Street, Sunnyside, NY 11377 (the “Property”). Built in 1928, this 3‐story walkup building with 7 apartments consists of 4,920± SF and is located between 47th & 48th Avenues, just two blocks from the 46th Street Station on the [7] train.

Established in the early 20th century by Irish settlers, the community of Sunnyside Gardens now sits as a treasured historic district in Sunnyside. With courtyards and tree-lined streets, the neighborhood boasts residents from around the world—including Romania, Ireland, Korea, Greece and South America—making a trip to the neighborhood’s shops, restaurants and pubs an intriguing wander.

INVESTMENT & PROPERTY HIGHLIGHTS

• Impeccable Renovations: 4 of the 7 units are in mint condition; over $200,000 has been spent on interior and common area upgrades.

• Vacancy: Property will be delivered with 4 units vacant (3 + basement)

• Transportation: 2 blocks from the 7 train

• Parking: Legal driveway for private parking

• Outdoor Space: Large rear outdoor garden/patio for entertaining

Asking Price: $2,600,000 4.0% Cap Rate | 16.5x Rent | $371,429 / Unit | $528 / Sq. Ft.

47-26 46th Street, Sunnyside, NY 11377 | 2 PROPERTY OVERVIEW

Neighborhood Sunnyside

West side of 46th Street between 47th and 48th Location Avenues

Block / Lot 170 / 38

Lot & Built Size 25.42’ x 100’ (built: 20 x 82’)

Stories & Building Class 3-Story Residential Building (C2)

Total Apartments & Rooms 7 & 26

Layout 2/3, 5/4

Zoning R5

FAR (built / allowed) 1.94 / 1.25

Year Built Circa 1940 | Altered 1987

Assessment & Taxes (18/19) $155,987 / $19,840 TAX MAP

Block 170

47-26 46th Street, Sunnyside, NY 11377 | 4 LOCATION MAP

Q32 Q60

Q32 Q60

B24

B24

Q39 47-26 46th Street AERIAL MAP

Manhattan

Hunters Point

Sunnyside

47-26 46th Street

47-26 46th Street, Sunnyside, NY 11377 | 6 LOCATION OVERVIEW – SUNNYSIDE,

Sunnyside is a middle-class neighborhood in the Western portion of the City borough of Queens. It shares borders with Hunters Point and Long Island City to the west, Astoria to the north, Woodside to the east and Maspeth to the south. The neighborhood is part of Queens Community District 2, served by Queens Community Board 2. The neighborhood's boundaries correspond roughly with those of ZIP code 11104, an area of nearly 0.5 square miles (1.3 km2) with a population of around 27,000. It contains the Sunnyside Gardens Historic District, one of the first planned communities in the .

The name "Sunnyside" originates with the Bragaw family, French Huguenots who had purchased the land in 1713 and named their estate "Sunnyside Hill". Sunnyside was a rural hamlet mostly consisting of small farms and marshland. It was incorporated into Long Island City in 1870, and developed into a bedroom community after the Queensboro Bridge was completed in 1909. A large portion of the neighborhood is six-story apartment buildings constructed during the 1920s and 1930s. LIFE IN SUNNYSIDE, QUEENS

There are a few affordable areas of left, and Sunnyside, Queens (for now) is one of them. It’s a mostly residential neighborhood sharing a border with Long Island City, Hunters Point, Astoria, Woodside, and Maspeth. You know you’re there when you spot the famous Art Deco “Sunnyside” sign crowning the 46th Street shopping district.

Sunnyside got its start in the 18th century when the Bragraw family owned an estate and named it “Sunnyside Hill.” (Hence, the name stuck.) It turns out that Sunnyside was the first development in the US to model itself after England’s “garden city movement, ” which started in 1898 and meant for communities to become a blend of residents, farms, and businesses.

Fast forward to the early 20th century and Irish immigrants landed in Sunnyside, so without a doubt, the neighborhood was mostly Irish for a long time. Though you’ll still find bits of Irish flavor, in more recent years, it’s become home to a diverse bunch of New Yorkers. Armenians, Romanians, Indians, Bangladeshis, Colombians, Mexicans, Ecuadorians, Chinese, Koreans and a host of other ethnicities call Sunnyside home. And with that much diversity, you can bet that there’s tons of great ethnic food flowing from restaurant kitchens.

A mix of rowhouses and six-story apartments built in the 1920s and ’30s dot the cityscape, but the neighborhood is most known for its lush, well-kept gardens.

47-26 46th Street, Sunnyside, NY 11377 | 8 TRANSPORTATION

SUBWAY Just a short walk from the property are multiple trains stations.

at Bliss St-46th St 0.19 miles

at Lowery St-40th St 0.34 miles

at Lincoln Av-52nd St 0.42 miles

at Rawson St-33rd St 0.7 miles

at Woodside Av-61st St 0.92 miles

BY CAR Minutes from Manhattan. A few blocks from route 495 and route 278.

AIRPORTS La Guardia Airport 10 min 5.01 mi JFK International Airport 17 mi 12.4 mi Liberty International Airport 31 min 19.2 mi

BUS Q32, and Q60 on Queens Boulevard, Q39 on 48th Avenue and B24 on Greenpoint Avenue. SUBWAY MAP

BUS MAP

47-26 46th Street, Sunnyside, NY 11377 | 10 CONFIDENTIALITY & DISCLAIMER

The information contained in this listing (“Listing”) is confidential, furnished solely for the purpose of review by a prospective purchaser of the following property: 47-26 46th Street, Sunnyside, NY 11377 and is not to be used for any other purpose or made available to any other person without the express written consent of Besen & Associates, Inc. or Owner. The material is based in part upon information supplied by the Owner and in part upon information obtained by Besen & Associates from sources it deems reliable. Summaries of documents are not intended to be comprehensive or all inclusive, but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Owner, Besen & Associates or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including inspections.

This Listing contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information a prospective purchaser may desire. Graphics are only a representation of property features, are not to scale and are subject to change. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and are, therefore, subject to material change or variation. An opportunity to inspect the Property will be made available to qualified prospective purchasers.

In this Listing, certain documents, including leases and other materials, are described in summary form. The summaries do not purport to be complete or necessarily accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. This Listing is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Besen & Associates or Owner. Each prospective purchaser is to rely upon its own evaluation as to the advisability of purchasing the Property described herein.

Owner and Besen & Associates expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Owner shall have no legal commitment or obligation to any purchaser reviewing this Listing or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by Owner and any conditions to Owner’s obligations there under have been satisfied or waived. Besen & Associates is not authorized to make any representations or agreements on behalf of Owner.

This Listing is the property of Besen & Associates and may be used only by parties approved by Besen & Associates and Owner. The Property is privately offered and, by accepting this Listing, the party in possession hereof agrees (i) to return it to Besen & Associates immediately upon request of Besen & Associates or Owner and (ii) that this Listing and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Listing may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Besen & Associates and Owner. The terms set forth above apply to this Listing in its entirety.

47-26 46th Street, Sunnyside, NY 11377 | 11 Greg Corbin Brandon Serota Executive Managing Director Associate (646) 424-5077 (646) 472-8732 [email protected] [email protected]

Miguel Jauregui Aaron Kline Director Director (212) 951-8402 (646) 472-8747 [email protected] [email protected]

Leah Chen Paul J. Nigido Associate Senior Financial Analyst (646) 604-7020 (646) 424-5350 [email protected] [email protected]

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. Rendering pictured in offering materials is not specifically approved for referenced development site. Buildable square footage is subject to verification by purchaser’s own architect and/or zoning attorney.