Updated Jul 30, 2026
Pristine Property Solutions Acquires Multifamily Building At 47-46 40th Street For $9.7M
47-46 40th Street
$9,700,000
$192/SF
Building Size
50,400 SF
Asset Type
MultiFamily
Closing
Jun 29, 2026
About this deal
AI
The transaction involved a multifamily building located at 47-46 40th Street in Sunnyside, Queens. The property comprises a total area of 50,400 square feet and was sold for a total price of $9,700,000, translating to a price per square foot of $192.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $9,700,000
- Address: 47-46 40th Street
- Market: Sunnyside, Queens
- Square Footage: 50,400
- Price per Square Foot: $192
- Buyer: Pristine Property Solutions
- Seller: Steve Tenedios
- Sale Date: 06/29/2026
Pristine Property Solutions was the purchaser in this transaction, acquiring the property from Steve Tenedios. The sale was finalized on June 29, 2026, marking an important step in the ownership change of the asset.
On the Map
$9,700,000
$192/SF
MultiFamily
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Sunnyside MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93