NOT LISTED FOR SALE

45-43 21st St Long Island City, NY 11101

Hunters Point Neighborhood

Estimated Value: $2,195,137

-- Bed
-- Bath
-- Sq Ft
2,265 Sq Ft Lot

Last Sold June 23, 2021

Last sale price $2,500,000

Est. 12% decrease in value since last sale

Current estimated payment $13,530/month

401 Days on Market

About This Home

As of June 2021

Rare opportunity to own a completely renovated and updated commercial building with air rights and unused residential FAR. This building is located in the heart of booming Long Island City just blocks from a main subway hub which is just 1 stop to Manhattan and 1 block from multiple large scale residential developments soon to hit the market. The potential upside to owning this building as an investment or end user is incredible. The owner has meticulously renovated and updated the building and brought the building into compliance with ADA guidelines. This is the perfect building for an owner looking for a great investment opportunity or an end user looking for a building that is move in ready. The property also comes with a parking space.

Retail Ground floor -Approx 1800 SF - Currently Unoccupied - Market Rate Rent is $60/PSF.

Lower Level - Approx 1650 SF - Currently Unoccupied - Market Rate Rent is $30/PSF.

Upper Level Office - 748 SF - Currently Unoccupied - Market Rate Rent is $45/PSF.

Last Agent to Sell the Property

Alexander Pereira

Modern Spaces License #10301215513 Listed on: 05/08/2020

Modern Spaces

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,837

Lot Details

  • 2,265

Interior Spaces

  • 2-Story Property

Community Details

  • Lngcty Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 76

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,837

Lot Details

0

Listing Details

  • Cross Street: 46 AVE
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: LNGCTY
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Garage/Parking

  • Garage: No

Building Info

  • Units: 1
  • Total Stories: 2

Tax Info

  • Tax Block: 76
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2020
Closed on
Jun 23, 2021
Sold by
W3 Group Llc
Bought by
Gip Abt Llc
Seller's Agent
Alexander Pereira
Modern Spaces
Sold Price
$2,500,000
Current Estimated Value
$2,195,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$304,863
Avg. Annual Appreciation
-2.92%
Original Mortgage
$1,400,000
Outstanding Balance
$1,275,778
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$934,880

Purchase Details

Closed on
Sep 22, 2015
Sold by
Lic 21St Street Llc
Bought by
W3 Group Llc

Purchase Details

Closed on
Jul 1, 2010
Sold by
45-43 21St Street Llc
Bought by
Lic 21St Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
4.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2002
Sold by
Katz Irving
Bought by
45-43 21 St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.92%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gip Abt Llc $2,000,000 --
W3 Group Llc $2,300,000 --
Lic 21St Street Llc $1,050,000 --
45-43 21 St Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gip Abt Llc $500,000
Open Gip Abt Llc $1,400,000
Previous Owner Lic 21St Street Llc $487,500
Previous Owner Lic 21St Street Llc $396,000
Previous Owner Lic 21St Street Llc $390,000
Previous Owner 45-43 21St Street Llc $274,000
Previous Owner 45-43 21St Street Llc $119,303
Previous Owner 45-43 21St Street Llc $288,170
Previous Owner 45-43 21 St Llc $262,500
Previous Owner 45-43 21 St Llc $262,500
Closed Lic 21St Street Llc $786,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2021 06/23/21 Sold $2,500,000 0.0% --
11/09/2020 11/09/20 For Sale -- -- --
10/31/2020 10/31/20 Off Market $2,500,000 -- --
05/17/2020 05/17/20 For Sale $3,100,000 -- --
Source: Real Estate Board of New York (REBNY)

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 $18,837 $178,920 $101,250 $77,670
2024 $18,837 $177,840 $101,250 $76,590
2023 $17,731 $167,400 $101,250 $66,150
2022 $17,859 $166,050 $101,250 $64,800
2021 $15,592 $145,800 $101,250 $44,550
2020 $15,192 $203,850 $101,250 $102,600
2019 $12,604 $167,400 $101,250 $66,150
2018 $10,768 $102,420 $43,470 $58,950
2017 $9,018 $85,770 $39,150 $46,620
2016 $8,822 $85,770 $39,150 $46,620
2015 $5,194 $82,260 $40,950 $41,310
2014 $5,194 $75,780 $41,832 $33,948
Source: Public Records

Agents Affiliated with this Home

  • Alexander Pereira

    Seller's Agent in 2021

    Alexander Pereira

    ModernSpaces

    (646) 512-1300

    45 in this area

    71 Total Sales

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10630746

Real Estate Board of New York (REBNY)

APN: 00076-0002

New York Queens County Long Island City 11101 Hunters Point

45-43 21st St, Long Island City, NY

This home is located at 45-43 21st St, Long Island City, NY 11101 since 08 May 2020 and is currently estimated at $2,195,137. 45-43 21st St is a home located in Queens County with nearby schools including P.S./I.S. 78Q Early Childhood Center, I.S. 204 Oliver W. Holmes, and Long Island City High School.

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Real Estate Board of New York (REBNY) 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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