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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
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    $5,278/mo

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    Rent Zestimate®

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    $16,055/mo

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    $16,055/mo

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    What's special

    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.

    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

    DateEventPrice
    10/15/2025Sold$2,622,000-25.1%$1,140/sqft
    Source: Public Record Report a problem
    11/9/2020Listing removed$3,500,000$1,522/sqft
    Source: Douglas Elliman Report a problem
    9/1/2020Listed for sale$3,500,000+118.8%$1,522/sqft
    Source: Douglas Elliman Report a problem
    4/4/2016Sold$1,600,000+0.3%$696/sqft
    Source: Public Record Report a problem
    12/10/2014Listing removed$1,595,000$693/sqft
    Source: Modern Spaces #3942 Report a problem
    8/25/2014Price change$1,595,000-5.9%$693/sqft
    Source: Modern Spaces #3942 Report a problem
    7/4/2014Listed for sale$1,695,000+21.5%$737/sqft
    Source: Modern Spaces #3942 Report a problem
    4/17/2014Listing removed$1,395,000$607/sqft
    Source: Modern Spaces #3942 Report a problem
    11/8/2013Listed for sale$1,395,000$607/sqft
    Source: Modern Spaces #3942 Report a problem
    8/15/2013Listing removed$1,395,000$607/sqft
    Source: Modern Spaces #260256 Report a problem
    6/18/2013Listed for sale$1,395,000$607/sqft
    Source: Modern Spaces NYC Report a problem

    Public tax history

    YearProperty taxesTax 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 schools

    GreatSchools rating