NOT LISTED FOR SALE

38-18 47th Ave Long Island City, NY 11101

Long Island City Neighborhood

Estimated Value: $960,000 - $1,261,000

5 Beds
3 Baths
-- Sq Ft
1,440 Sq Ft Lot

Last Sold April 21, 2023

Last sale price $821,000

Est. 43% increase in value since last sale

Current estimated payment $6,862/month

34 Days on Market

Highlights

  • Property is near public transit
  • 4-minute walk to 40 Street-Lowery Street
  • 5-minute walk to L/CPL Thomas P. Noonan Jr Playground
  • Hot Water Heating System
  • North Facing Home

About This Home

As of April 2023

1950s brick attached row house - 2 Family 5 beds & 3 baths. Fully occupied. Located in up & coming section, w/eateries, 6 mins to the 40 Street-Lowery Station #7 train to NYC, Q-60 bus, Queens Blvd, P.S. 199Q, EV charge station on 39th & Citi bikes. Only 20-min into Mid-Town Grand Central. A commuters dream! Near Midtown Tunnel & 495 into Long Island. Being sold AS-IS seller & broker assume no responsibility and makes not guarantees, warranties expressed or implied or representation as to availability or accuracy of information contained herein. DO NOT DISTURB THE OCCUPANTS. This property is being sold occupied & could involve additional costs. Please refer to the purchase contract for fees/costs paid by seller/buyer. Purchasing this asset does not require you to move forward w/the seller's open eviction but buyers have NEW option through Xome to use sellers Eviction Attorney saving time & money by not having to restart the process after closing.

Last Agent to Sell the Property

Elizabeth Logan

VYLLA Home License #10401358564 Listed on: 09/29/2022

VYLLA Home

Last Buyer's Agent

Elizabeth Logan

VYLLA Home License #10401358564 Listed on: 09/29/2022

VYLLA Home

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,798

Year Built

  • Built in 1950

Lot Details

  • 1,440 Sq Ft Lot
  • Lot Dimensions are 18 x 80
  • No Common Walls
  • North Facing Home

Home Design

  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 1 Parking Space
  • Private Parking
  • Driveway
  • Off-Street Parking

Schools

  • Ps 199 Maurice A Fitzgerald Elementary School
  • Is 125 Thomas J Mccann Woodside Middle School
  • Queens Vocational-Technical High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Oven
  • Basement Fills Entire Space Under The House
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 38 / 227
  • Assessor Parcel Number 00227-0038

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,798

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Duplex
  • Property SubType: Multi Family
  • Property Condition: Poor
  • Year Built: 1950
  • New Construction: No
  • BuildingSize: 1440
  • Special Features: 84
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Refrigerator
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Full, Unfinished
  • Inclusions: Refrigerator
  • Total Bedrooms: 5
  • NumberOfKitchens: 2

Exterior Features

  • Direction Faces: North
  • Construction Materials: Brick
  • FloodZoneReportYN: 1

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, Driveway, Off Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Other, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: On Demand

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 125 Thomas J Mccann Woodside

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 18 X 80
  • Lot Size Sq Ft: 1440
  • Lot Size Units: Acres
  • Parcel Number: 00227-0038
  • Zoning Description: R5
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2022-09-30

Rental Info

  • Lease Considered: No
  • Available Date: 2022-11-16

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 7798
  • Tax Block: 227
  • Tax Lot: 38
  • Tax Map Number: 00227-0038
  • IncludedInTaxes: Sewer,Trash,Water

MLS Schools

  • Elementary School: Ps 199 Maurice A Fitzgerald
  • High School: Queens Vocational-Technical Hs
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2022
Closed on
Apr 20, 2023
Sold by
Hsbc Bank Usa National Association As T
Bought by
38-18 47 Avenue Owners Llc
Seller's Agent
Elizabeth Logan
VYLLA Home
Buyer's Agent
Elizabeth Logan
VYLLA Home
List Price
$1,100,000
Sold Price
$821,000
Premium/Discount to List
-$279,000
-25.36%
Views
47
Current Estimated Value
$1,170,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,731
Avg. Annual Appreciation
15.12%

Purchase Details

Listed on
Sep 29, 2022
Closed on
Mar 1, 2023
Sold by
Gutierrez Esq. Richard M and Islam Md A
Bought by
Hsbc Bank Usa National Association As T
Seller's Agent
Elizabeth Logan
VYLLA Home
Buyer's Agent
Elizabeth Logan
VYLLA Home
List Price
$1,100,000
Sold Price
$821,000
Premium/Discount to List
-$279,000
-25.36%
Views
47

Purchase Details

Closed on
Apr 10, 2014
Sold by
Keeseville Holding Corp
Bought by
2166 Dean Llc

Purchase Details

Closed on
Mar 25, 2014
Sold by
Islam
Bought by
Keeseville Holding Corp

Purchase Details

Closed on
Mar 13, 2014
Sold by
2166 Dean Llc
Bought by
Islam

Purchase Details

Closed on
Apr 20, 2013
Sold by
Islam
Bought by
2166 Dean Llc

Purchase Details

Closed on
Dec 20, 2006
Sold by
Islam Jahirul
Bought by
Islam Md A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2005
Sold by
Evangelou Constantine
Bought by
Islam Jahirul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.07%

Purchase Details

Closed on
Oct 18, 2002
Sold by
Tempesta Philip and Tempesta Peggy Lou
Bought by
Evangelou Constantinos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
38-18 47 Avenue Owners Llc $862,050 --
38-18 47 Avenue Owners Llc $862,050 --
Hsbc Bank Usa National Association As T $1,256,617 --
Hsbc Bank Usa National Association As T $1,256,617 --
2166 Dean Llc $25,000 --
2166 Dean Llc $25,000 --
Keeseville Holding Corp $5,000 --
Keeseville Holding Corp $5,000 --
Islam -- --
Islam -- --
2166 Dean Llc $1,000 --
2166 Dean Llc $1,000 --
Islam Md A $825,000 --
Islam Md A $825,000 --
Islam Jahirul $625,000 --
Islam Jahirul $625,000 --
Evangelou Constantinos -- --
Evangelou Constantinos -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Islam Md A $640,000
Previous Owner Islam Jahirul $123,000
Previous Owner Islam Jahirul $492,000
Previous Owner Evangelou Constantinos $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2023 04/21/23 Sold $821,000 -21.4% --
11/01/2022 11/01/22 Pending -- -- --
10/20/2022 10/20/22 Price Changed $1,045,000 -5.0% --
09/28/2022 09/28/22 For Sale $1,100,000 -- --
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

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 $8,446 $44,042 $6,731 $37,311
2024 $8,446 $42,052 $6,872 $35,180
2023 $8,286 $41,256 $6,305 $34,951
2022 $7,799 $67,380 $11,040 $56,340
2021 $7,968 $67,620 $11,040 $56,580
2020 $7,769 $68,100 $11,040 $57,060
2019 $7,331 $58,320 $11,040 $47,280
2018 $7,008 $34,380 $9,248 $25,132
2017 $6,636 $32,554 $9,229 $23,325
2016 $6,308 $32,554 $9,229 $23,325
2015 $3,704 $30,585 $9,983 $20,602
2014 $3,704 $29,203 $9,279 $19,924
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Logan

    Seller's Agent in 2023

    Elizabeth Logan

    VYLLA Home

    (888) 575-2773

    1 in this area

    10 Total Sales

    Elizabeth Logan
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Map

Source: OneKey® MLS

MLS Number: KEY3433589

OneKey® MLS

APN: 00227-0038

New York Queens County Long Island City 11101 Long Island City

38-18 47th Ave, Long Island City, NY

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