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Sold for $2,725,000
  • $2,725,000

    1022 47th Ave, Long Island City, NY 11101

    3beds
    2,250sqft
    MultiFamily
    Built in 1901
    -- sqft lot
    $2,796,300 Zestimate®
    $1,211/sqft
    $5,459 Estimated rent

    Home value

    $2,796,300

    $2.54M - $3.08M

    $5,459/mo

    Zestimate® history
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    $16,686/mo

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    $16,686/mo

    Est. payment

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    What's special

    Gut Renovated 2-Family Home with Private Front Yard & Driveway Located in the heart of Long Island City's waterfront neighborhood Hunters Point, sits this rare and exceptional 25' x 30' Two-Family home with 2,250 square feet of living space, a private front yard with outdoor kitchen, and a private driveway that fits 2 cars in tandem. Rarely does a home of this quality, in this coveted and convenient neighborhood, come to market. Truly a find - perfect for the investor, or the buyer seeking an owner residence with rental income. Superbly gut renovated, this home sits on a wide 25' x 100' lot and exudes elegance throughout combining space, light, and clean modern lines. No detail was overlooked when renovating this home. The gated front yard is bright and expansive and offers ample garden space with sitting area adjacent to the gravel driveway, and comes equipped with an outdoor kitchen outfitted with a BBQ grille and refrigerator. Plenty of room to entertain guests or bask in the sun with supreme privacy. Enter this finely crafted home up the impressive front stoop where you are immediately drawn in by the bright red front door. Upon entry to the parlor level, you are lead into a vestibule with to doors for both residences. The 1st Floor is laid out as a 1-Bedroom, 1-Bath with open kitchen and spacious living room, with stairs leading down to a large finished basement offering an additional full bath. An ideal space for a family den or an oversized 2nd bedroom. The 2nd floor residence is laid out as a 2-Bedroom, 1-Bath with open kitchen and bright living room. 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, and much more! 10-20 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: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Interior area
    • Total interior livable area: 2,250 sqft

    Property

    Lot
    • Size: 2,500 Square Feet
    Details
    • Parcel number: 000460042

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1901

    Community & HOA

    Location
    • Region: Long Island City

    Financial & listing details

    • Price per square foot: $1,211/sqft
    • Tax assessed value: $2,118,000

    Price history

    DateEventPrice
    12/11/2025Sold$2,725,000-4.4%$1,211/sqft
    Source: Public Record Report a problem
    9/14/2025Contingent$2,850,000$1,267/sqft
    Source: StreetEasy #S1757404 Report a problem
    5/1/2025Price change$2,850,000-3.4%$1,267/sqft
    Source: StreetEasy #S1757404 Report a problem
    3/12/2025Listed for sale$2,950,000-15.7%$1,311/sqft
    Source: StreetEasy #S1757404 Report a problem
    11/9/2020Listing removed$3,500,000$1,556/sqft
    Source: Douglas Elliman Report a problem
    9/2/2020Listed for sale$3,500,000+230.2%$1,556/sqft
    Source: Douglas Elliman Report a problem
    4/5/2013Sold$1,060,000-11.6%$471/sqft
    Source: Public Record Report a problem
    10/24/2012Listing removed$1,199,000$533/sqft
    Source: Modern Spaces NYC Report a problem
    9/14/2012Listed for sale$1,199,000$533/sqft
    Source: Modern Spaces NYC Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $127,080 +4.1%
    2024-- $122,040 -10.7%
    2023-- $136,680 +20%
    2022-- $113,880 +20.7%
    2021-- $94,380 +8.6%
    2020$6,503 +5.9%$86,940 +16.8%
    2019$6,143 +6.4%$74,460 +169.9%
    2018$5,771 +8.2%$27,588 +5.5%
    2017$5,331 +2%$26,154
    2016$5,228 $26,154 +2.2%
    2015$5,228 +103.2%$25,603 +5.9%
    2014$2,573 $24,184 +5.2%
    2013-- $22,990 +5.5%
    2012-- $21,795
    2011-- $21,795 +2.2%
    2010-- $21,336 +5.9%
    2009-- $20,154 +5.2%
    2008-- $19,159 +5.5%
    2007-- $18,163
    2006-- $18,163 +2.2%
    2005-- $17,780 +5.9%
    2004-- $16,795 +5.2%
    2003-- $15,966 +5.5%
    2002-- $15,136
    2001-- $15,136 +2.2%
    2000-- $14,817
    Find assessor info on the county website

    Neighborhood: Long Island City

    Nearby schools

    GreatSchools rating