SOLD FOR $2,622,000
Listed at $2,900,000 · Sold 9.6% below asking · Closed October 7, 2025
10-20 47th Avenue
MLS® #RLS20009546
Listing by Modern Spaces
1
Bedroom
1
Bath
3,198
Sq. Ft.
1901
Year Built
Quick Summary
Property Highlights
- Style: Prewar,WalkUp architecture
- Character: Pre-war building (1901)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Mar 15, 2025 | $3,000,000 | - |
| Currently | May 29, 2026 | $2,900,000 | -3.3% |
Description
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!
Features & Amenities
Interior Features
Building Information
Financial Details
About Long Island City
View All Long Island City ListingsLong Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.
Long Island City Live Market Data
View NeighborhoodActive Listings
172
Median Asking Price
$1.20M
Median $/Sqft
$1,521
Avg Days on Market
N/A
New This Week
3
Price Reduced
24%
Sold (30 Days)
2
Median Sale Price
$976K
Live data from RLS at REBNY • Updated 5/29/26, 5:28 PM EST
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Location
10-20 47th Avenue, Long Island City, Queens County • Near Vernon Boulevard/11th Street
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed annual property tax is $7,318, or roughly $610 per month. Verify the current assessment with your attorney before closing.
This property has 1 bedroom and 1 full bathroom.
The listed interior living area is 3,198 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1901, making it approximately 125 years old.
This listing is None
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
At the current list price of $2,900,000 for 3,198 sq ft, the asking price per square foot is approximately $907. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Modern Spaces - Alexander Pereira
Listing Contact: (646) 512-1300
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/29/2026 at 9:28 PM UTC