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Off market
  • $4,016,600

    1049 49th Ave, Long Island City, NY 11101

    7beds
    5,952sqft
    MultiFamily
    Built in 1890
    -- sqft lot
    $4,016,600 Zestimate®
    $675/sqft
    $5,130 Estimated rent

    Home value

    $4,016,600

    $3.45M - $4.62M

    $5,130/mo

    Zestimate® history
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    $5,130/mo

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    Rent Zestimate®

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    $24,594/mo

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    $24,594/mo

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    What's special

    Live luxuriously and own the only Italianate Brownstone in Hunters Point. Smart and ambitious, the buyer of this historic 1890 townhouse will control not only 4 apartments in an indisputably hot Long Island City real estate market at below market value, but will also be in the enviable position of living in the 3 bedroom duplex for less than the monthly price of renting a one bedroom apartment in LIC. The townhouse has been fully gutted to the interior brick walls and renovated with top of the line amenities (only the 4 brick walls and a few joist were kept). The interior is foam insulated to achieve maximum energy efficiency. All bathrooms have radiant heat flooring. The 6 wood burning fireplaces have fully closed doors and are used frequently when entertaining. Each unit has its own central air unit, washer and dryer. A dumbwaiter is available to the upper floor residents for convenience. This rare 20' wide Brownstone is situated just off of Jackson Avenue. The building is within the LIC special zoning district allowing for a 10,000sf commercial/residential structure. The existing 6,000sf structure comes as of right with an additional 4,000sf of building rights that can be used to enlarge the living space. The commercial overlay also allows the new owner to lease or convert the garden level apartment to a restaurant or retail space. The 2500sf duplex apartment features a beautiful chef's kitchen, large dining room that seats up to 14 people, a gracious south facing living room with 14' ceiling height, 3 bedrooms home office and 3 full bathrooms. The upper floor apartments each have their own top of the line amenities and offer flexible 1,250sf. floor plans. The building has a full cellar for use as media/play room, workshop or wine storage. There is also a spacious rear garden for entertaining and a roof deck with stunning 360 panoramic city views and full view of the July 4th fireworks off of the East River.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    • Full bathrooms: 6
    Cooling
    • Central
    Appliances
    • Included: Dryer, Washer
    Features
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 5,952 sqft

    Property

    Lot
    • Size: 2,000 Square Feet
    Details
    • Parcel number: 000440022

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1890

    Community & HOA

    Location
    • Region: Long Island City

    Financial & listing details

    • Price per square foot: $675/sqft
    • Tax assessed value: $1,278,000

    Price history

    DateEventPrice
    8/15/2016Sold$3,880,000-3%$652/sqft
    Source: Public Record Report a problem
    8/2/2016Listed for sale$3,998,000$672/sqft
    Source: Douglas Elliman #2050420 Report a problem
    8/2/2016Pending sale$3,998,000$672/sqft
    Source: Douglas Elliman #2050420 Report a problem
    6/3/2016Listed for sale$3,998,000$672/sqft
    Source: Douglas Elliman #2050420 Report a problem
    6/2/2016Pending sale$3,998,000$672/sqft
    Source: Douglas Elliman #2050420 Report a problem
    3/15/2016Price change$3,998,000-18%$672/sqft
    Source: Douglas Elliman #2050420 Report a problem
    10/19/2015Listed for sale$4,875,000$819/sqft
    Source: Douglas Elliman #2050420 Report a problem
    10/19/2015Pending sale$4,875,000$819/sqft
    Source: Douglas Elliman #2050420 Report a problem
    8/28/2015Price change$4,875,000-15.9%$819/sqft
    Source: Douglas Elliman #2050420 Report a problem
    3/10/2015Listed for sale$5,800,000+115900%$974/sqft
    Source: Douglas Elliman #2050420 Report a problem
    1/14/2010Sold$5,000-99.7%$1/sqft
    Source: Public Record Report a problem
    11/21/2007Sold$1,500,000$252/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $575,100 +20%
    2024-- $479,250 -12.5%
    2023-- $547,650 +20%
    2022-- $456,300 +1.6%
    2021-- $449,145 +3%
    2020$15,782 +3.6%$436,050 +20%
    2019$15,230 +1.3%$363,420 +204.9%
    2018$15,034 +4.7%$119,206 +5.6%
    2017$14,364 +6%$112,931 +7.4%
    2016$13,551 $105,115 +8%
    2015$13,551 +54.8%$97,329 +3.6%
    2014$8,752 $93,924 +2.4%
    2013-- $91,697 +5.6%
    2012-- $86,870 +5.4%
    2011-- $82,413 +30.1%
    2010-- $63,330 +21.8%
    2009-- $51,980 +3.4%
    2008-- $50,267 +8%
    2007-- $46,554 +7.9%
    2006-- $43,126 +7.9%
    2005-- $39,985
    2004-- $39,985 +3.4%
    2003-- $38,667 +8%
    2002-- $35,811 +7.9%
    2001-- $33,174 +7.9%
    2000-- $30,758
    Find assessor info on the county website

    Neighborhood: Sunnyside

    Nearby schools

    GreatSchools rating