Gut Renovated 3-Family in Prime LIC
Built in 1901, this 18' x 32' semi-attached, Three-Family house sits on an 18' x 100' lot and offers approximately 2,300 square feet of living space with a beautiful backyard garden. Rarely does a multifamily home of this caliber, in this coveted and convenient neighborhood, come to market. Truly a find - perfect for the investor, or the buyer seeking an owner residence with two rental income apartments.
In its current configuration, the 1st Floor entrance opens into a foyer with access to the ground floor residence or a staircase leading to the 2nd & 3rd floors. The ground floor residence is laid out as a spacious 1-Bedroom, 1-Bath with a private 600 square foot backyard garden. Both the second and third levels are uniquely laid out as a 2-Bedroom, 1-Bath residence with room for a home office and receive great natural sunlight with both northern and southern exposures.
All interiors were fully gut renovated, common spaces were updated, new electric, plumbing, and skylight were installed, and the roof was updated. Each residence features a video intercom security system, new wood floors, a new heating system, open Chef's style kitchens with marble countertops and top of the line stainless steel appliances, brand new bathrooms, and are wired for Verizon Fios.
This excellent address is perfectly situated in the Hunters Point neighborhood of Long Island City, which is considered one of the most desirable and valuable markets in Western Queens. It is only 2 blocks away from the beautiful waterfront parks boasting premier Manhattan skyline views, benefits from the East River Ferry access, and is only a few blocks to the 7/E/M/G subway trains providing a quick 10-minute commute into midtown Manhattan. Enjoy peace and quiet away from the city noise as LIC offers the ultimate living experience with diverse cultural and culinary establishments, fine shops, the best views in the city & much more!
10-22 47th Ave just next door is also available for sale. Purchase together to combine and make a 43' x 100' lot.
Showing by private appointment only. Please call or email for set-up sheet and further information.
Sold for $2,622,000
$2,622,000
1020 47th Ave, Long Island City, NY 11101
5beds
2,300sqft
MultiFamily
Built in 1901
-- sqft lot
$2,783,400 Zestimate®
$1,140/sqft
$5,278 Estimated rent
Home value
$2,783,400
$2.45M - $3.15M
$5,278/mo
Zestimate® history
Owner options
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$5,278/mo
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$5,278/mo
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$16,055/mo
Est. payment
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$16,055/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Interior area
- Total interior livable area: 2,300 sqft
Property
Lot
- Size: 1,800 Square Feet
Details
- Parcel number: 000460043
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1901
Community & HOA
Location
- Region: Long Island City
Financial & listing details
- Price per square foot: $1,140/sqft
- Tax assessed value: $1,828,000
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Sold | $2,622,000-25.1%$1,140/sqft |
Source: Public Record Report a problem | ||
| 11/9/2020 | Listing removed | $3,500,000$1,522/sqft |
Source: Douglas Elliman Report a problem | ||
| 9/1/2020 | Listed for sale | $3,500,000+118.8%$1,522/sqft |
Source: Douglas Elliman Report a problem | ||
| 4/4/2016 | Sold | $1,600,000+0.3%$696/sqft |
Source: Public Record Report a problem | ||
| 12/10/2014 | Listing removed | $1,595,000$693/sqft |
Source: Modern Spaces #3942 Report a problem | ||
| 8/25/2014 | Price change | $1,595,000-5.9%$693/sqft |
Source: Modern Spaces #3942 Report a problem | ||
| 7/4/2014 | Listed for sale | $1,695,000+21.5%$737/sqft |
Source: Modern Spaces #3942 Report a problem | ||
| 4/17/2014 | Listing removed | $1,395,000$607/sqft |
Source: Modern Spaces #3942 Report a problem | ||
| 11/8/2013 | Listed for sale | $1,395,000$607/sqft |
Source: Modern Spaces #3942 Report a problem | ||
| 8/15/2013 | Listing removed | $1,395,000$607/sqft |
Source: Modern Spaces #260256 Report a problem | ||
| 6/18/2013 | Listed for sale | $1,395,000$607/sqft |
Source: Modern Spaces NYC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $109,680 -5.1% |
| 2024 | -- | $115,560 -6.9% |
| 2023 | -- | $124,140 +19.2% |
| 2022 | -- | $104,160 +20.6% |
| 2021 | -- | $86,340 -0.1% |
| 2020 | $6,427 +5.9% | $86,460 +16.8% |
| 2019 | $6,067 +6.5% | $74,040 +171.9% |
| 2018 | $5,696 +10.5% | $27,228 +5.6% |
| 2016 | $5,157 | $25,795 +1.9% |
| 2015 | $5,157 +89.9% | $25,303 +5.9% |
| 2014 | $2,715 | $23,886 +5.3% |
| 2013 | -- | $22,690 +5.6% |
| 2012 | -- | $21,496 |
| 2011 | -- | $21,496 +1.9% |
| 2010 | -- | $21,086 +5.9% |
| 2009 | -- | $19,905 +5.3% |
| 2008 | -- | $18,909 +5.6% |
| 2007 | -- | $17,914 |
| 2006 | -- | $17,914 +1.9% |
| 2005 | -- | $17,572 +5.9% |
| 2004 | -- | $16,588 +5.3% |
| 2003 | -- | $15,758 +5.6% |
| 2002 | -- | $14,929 |
| 2001 | -- | $14,929 +1.9% |
| 2000 | -- | $14,644 |
Find assessor info on the county website
Neighborhood: Long Island City
Nearby homes
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Nearby schools
GreatSchools rating
- 8/10P.S. 78Grades: PK-8Distance: 0.3 mi
- 3/10Long Island City High SchoolGrades: 9-12Distance: 1.7 mi
- 8/10Is 204 Oliver W HolmesGrades: 6-8Distance: 1.3 mi