39-02 45th Street, sold earlier this month for $1.26 million
Oct. 27, 2013 By Christian Murray
In the 1920s, the Sunnyside Gardens district was designed to provide affordable housing for the working class.
Nearly a century later those same homes are far from affordable—with many topping the $1 million mark.
This year, the Sunnyside Gardens real estate market has been booming—with recording-breaking sales prices and buyers bidding well above the offering price.
Earlier this month, a 3-family home sold for $1.26 million (39-02 45th Street), which real estate brokers believe is an all time record for a Gardens’ house.
“The market is very strong,” said Amy Fitzgerald Bottero, the owner of Welcome Home Real Estate, which brokered deal. “Inventory is very low and we are seeing multiple bids.”
Meanwhile, a 2-family house, located at 39-47 48th Street, is in contract for around $1.160million. If the deal goes through, it would be a record sale price for a 2-family house.
John Gonzales, who is brokering the 2-family deal for Exit Realty, said that buyers want to snap up Gardens properties as soon as they hit the market
In September, a record value was obtained for a 1 family home (39-26 46th Street)—selling at $810,000, Bottero said.
