PENDING
$100K PRICE DROP
10-20 47th Ave Long Island City, NY 11101
Hunters Point NeighborhoodEstimated payment $16,411/month
Total Views
2,601
1
Bed
1
Bath
3,198
Sq Ft
$907
Price per Sq Ft
Highlights
- Pre War Building
- 4-minute walk to 21 Street
- 4-minute walk to Andrews Grove
- P.S./I.S. 78Q Early Childhood Center Rated A
About This Home
Welcome to an exceptional investment opportunity in the heart of Long Island City! This renovated three-family home is not just a property; it’s a savvy investor’s dream or an ideal choice for an end-user looking to occupy and benefit from rental income, perfectly positioned for maximum returns and future expansion.
Nestled on a tranquil side street, yet just steps from the vibrant energy of Vernon Blvd, this turnkey residence offers unparalleled access to the best of LIC. You’ll find yourself flocked to the coveted waterfront at Gantry State Park, where breathtaking Manhattan skyline views await. With the subway only a short walk away, you’re just one stop from Manhattan, making it a commuter’s delight and a prime choice for renters seeking convenience and a quick commute to the city.
Spanning approximately 1,710 square feet, this meticulously renovated home features a spacious ground-floor 1-bedroom, 1-bath unit with exclusive access to a beautiful 680 square foot backyard garden. The second and third floors each house a well-designed 2-bedroom, 1-bath unit. Each residence is flooded with natural light, showcasing the new wood floors, modern fixtures, and chef’s kitchens with marble countertops and stainless-steel appliances.
The owners have meticulously renovated the property, ensuring all apartments were gut renovated with new kitchens, bathrooms, flooring, heating systems, plumbing, and electrical completed in 2016.
The rental market in this area is consistently on the rise, driven by its proximity to Manhattan and the vibrant lifestyle that Long Island City offers. This property not only provides immediate rental income but also has the potential for further updates to increase its value even more. Plus, with 1,890 square feet of unused Floor Area Ratio (FAR), the possibilities for expansion are limitless!
Whether you’re an investor or an end-user looking for a multifamily home that can generate income while you live in one of the units, this property offers tremendous versatility. Investors will appreciate the upside of owning this property in an A-plus location, where quiet residential living meets the bustling atmosphere of local restaurants, bars, and coffee shops. This is a rare opportunity to secure a multifamily home in one of NYC‘s hottest neighborhoods—don’t miss out on making this incredible property yours!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,318
Year Built
- Built in 1901
Lot Details
- 2,500 Sq Ft Lot
- Lot Dimensions are 25.00 x 100.00
Home Design
- Pre War Building
Interior Spaces
- 3,198 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Community Details
- Long Island City Subdivision
Listing and Financial Details
- Legal Lot and Block 43 / 46
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,908 | $36,437 | $6,418 | $30,019 |
| 2024 | $6,908 | $34,396 | $5,751 | $28,645 |
| 2023 | $6,563 | $32,674 | $5,085 | $27,589 |
| 2022 | $6,179 | $104,160 | $19,320 | $84,840 |
| 2021 | $6,514 | $86,340 | $19,320 | $67,020 |
| 2020 | $6,427 | $86,460 | $19,320 | $67,140 |
| 2019 | $5,996 | $74,040 | $19,320 | $54,720 |
| 2018 | $5,696 | $27,228 | $6,076 | $21,152 |
| 2016 | $5,157 | $25,795 | $10,662 | $15,133 |
| 2015 | $2,715 | $25,303 | $13,287 | $12,016 |
| 2014 | $2,715 | $23,886 | $12,543 | $11,343 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Pending | -- | -- | -- |
| 07/10/2025 07/10/25 | For Sale | $2,900,000 | 0.0% | $907 / Sq Ft |
| 07/01/2025 07/01/25 | Off Market | $2,900,000 | -- | -- |
| 06/10/2025 06/10/25 | For Sale | $2,900,000 | 0.0% | $907 / Sq Ft |
| 06/08/2025 06/08/25 | Off Market | $2,900,000 | -- | -- |
| 05/05/2025 05/05/25 | Price Changed | $2,900,000 | -3.3% | $907 / Sq Ft |
| 03/15/2025 03/15/25 | For Sale | $3,000,000 | -- | $938 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $1,600,000 | -- | |
| Deed | $1,600,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Chicago Title | |
| Interfamily Deed Transfer | -- | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $312,500 | New Conventional | |
| Closed | $312,500 | Unknown | |
| Previous Owner | $1,280,000 | Purchase Money Mortgage |
Source: Public Records
Similar Home in Long Island City, NY
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20009546
APN: 00046-0043
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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