Brown Harris Stevens

Search
10-20 47th Avenue
Long Island City, New York
$3,000,000 Price
- Bedrooms   - Baths
CloseClose Video
Photo 1 of 10-20 47th Avenue, Long Island City, New York, $3,000,000, Web #: 1108715748Previous PhotoNext Photo1 of 13

10-20 47th Avenue, Long Island City, New York

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...

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!

Courtesy of Modern Spaces - Residential- Brokerage

Floorplan for 10-20 47th Avenue

Floorplan for 10-20 47th Avenue

Calculate your Payments

Asking Price:

Percent Down:

Loan Amount:

Interest Rate:

Loan Term (years):

Estimated Mortgage Payment:

Total Monthly Payment:

* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Long Island City, New York
Type:
Price: $3,000,000
Date Listed: 3/15/2025
Last Updated: 3/31/2025
Web ID: 1108715748

Info & Amenities

Built: 1971
Pets allowed: Yes

Get to Know Long Island City

Long Island City (LIC), nestled along the East River in Queens, New York, offers a unique blend of industrial charm and modern living. Its stunning skyline views of Manhattan make it a sought-after destination for both residents and visitors. LIC boasts a thriving arts scene, with museums like MoMA PS1 and the Sculpture Center, making it a hub for creative minds. The neighborhood also offers a range of parks, waterfront promenades, and cultural events throughout the year.

More About Long Island City

Neighborhood Guide to Long Island City

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-212-712-1163 for assistance. All phone charges will be reimbursed by Brown Harris Stevens. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS may require a written agreement from a homebuyer before showing properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. 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. 2025 The Real Estate Board of New York, Inc., all rights reserved. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.