5-50 46th Rd Long Island City, NY 11101
Hunters Point Neighborhood
7
Beds
3.5
Baths
3,200
Sq Ft
2,500
Sq Ft Lot
About This Home
As of July 2024A truly extraordinary opportunity offering two double story buildings on a 25' x 100' lot separated by a 25' x 30' courtyard patio area. Each building is independently operated with separate furnaces and each apartment is separately metered. All 3 units are free market and will be delivered vacant. The owner's unit is the entire rear building - a duplex with 3 bedrooms with a full bath plus a half bath on the entry floor level. There is a full dry basement under each building with standing head room which can be finished. Heating systems have been upgraded and there is a new roof on the front building installed in 2020 with a transferable warranty. The exterior of these buildings match each other with modern vinyl clapboard siding. All windows are new replacement double hung sash on sash style replaced in 2020 and the front street side windows have decorative shutters.
The lot is in an M1-4 zone which allows for live/work or commercial and light manufacturing. The front building can be converted into a workshop and/or retail space while maintaining the rear building for residential use. This is truly a unique opportunity for an investor or live/work or live with income. There is also unused FAR of 1849 sq ft which would allow for expansion and the possibility of adding another floor to each building.
This location is also brilliant, just off Vernon Blvd and ripe with new developments. Burgeoning as the newest hot neighborhood in NYC. Restaurants, bars and shopping abound. Access to public transportation is also convenient with the 7, E, M, G in addition to being 2 block from Anabel Basin, Gantry Plaza State Park, Hunters Point South Park and the NY Waterways Ferry terminal servicing ports up and down the East River on both the Manhattan and Brooklyn waterfronts. The LIRR LIC station and the Court Sq stations are only a few blocks away.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $6,384
Year Built
- Built in 1910
Lot Details
- 2,500 Sq Ft Lot
- Lot Dimensions are 100.00x25.00
Interior Spaces
- 3,200 Sq Ft Home
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 7 Bedrooms
Laundry
- Laundry in unit
- Washer Dryer Allowed
Utilities
- No Cooling
Listing and Financial Details
- Legal Lot and Block 0044 / 00028
Community Details
Overview
- 3 Units
- Hunters Point Subdivision
Building Details
- 1 Vacant Unit
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2023
Closed on
Jul 15, 2024
Sold by
Finn Alexander and Finn Anna
Bought by
Waksman Adam
Seller's Agent
Richard Balzano
Douglas Elliman Real Estate
List Price
$2,999,999
Sold Price
$2,500,000
Premium/Discount to List
-$499,999
-16.67%
Total Days on Market
348
Views
449
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$232,247
Avg. Annual Appreciation
-10.60%
Original Mortgage
$1,960,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 6, 1998
Sold by
Dalessandro Flora
Bought by
Finn Alexander and Finn Anna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.05%
Mortgage Type
VA
Map
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Similar Home in Long Island City, NY
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,500,000 | -- | |
| Deed | $200,000 | The Title Guarantee Company | |
| Deed | $200,000 | The Title Guarantee Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,960,000 | Purchase Money Mortgage | |
| Previous Owner | $50,000 | No Value Available | |
| Previous Owner | $5,531 | No Value Available | |
| Previous Owner | $195,000 | VA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2024 07/15/24 | Sold | $2,500,000 | -12.3% | $781 / Sq Ft |
| 03/04/2024 03/04/24 | Pending | -- | -- | -- |
| 02/19/2024 02/19/24 | Price Changed | $2,850,000 | -5.0% | $891 / Sq Ft |
| 02/03/2024 02/03/24 | For Sale | $2,999,999 | +20.0% | $937 / Sq Ft |
| 09/11/2023 09/11/23 | Off Market | $2,500,000 | -- | -- |
| 03/21/2023 03/21/23 | For Sale | $3,300,000 | -- | $1,031 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
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 |
|---|---|---|---|---|
| 2024 | $6,618 | $35,831 | $6,916 | $28,915 |
| 2023 | $6,311 | $34,300 | $6,607 | $27,693 |
| 2022 | $5,885 | $43,320 | $10,020 | $33,300 |
| 2021 | $5,819 | $40,920 | $10,020 | $30,900 |
| 2020 | $5,852 | $40,140 | $10,020 | $30,120 |
| 2019 | $5,644 | $39,240 | $10,020 | $29,220 |
| 2018 | $5,240 | $28,583 | $7,916 | $20,667 |
| 2017 | $5,153 | $26,966 | $7,999 | $18,967 |
| 2016 | $4,763 | $26,966 | $7,999 | $18,967 |
| 2015 | $3,153 | $25,440 | $10,020 | $15,420 |
| 2014 | $3,153 | $24,883 | $9,801 | $15,082 |
Source: Public Records
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10939080
APN: 00028-0044
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