1047 47th Ave, Long Island City, NY, 11101
About This Home
First sale on 3 generations. Own a piece of Long Island City history on of the neighborhood’s most coveted and storied blocks, just off of Vernon Boulevard This 4,500 sf 6 family investment property has been well maintained by the same family for over 60 years and offers a stable tenant base, and up to date inspections and compliance with all local and state requirements. Built 25 x 60 and sitting on a 25x100’ lot, the property offers the ideal mix of quiet residential feel and prime location. The 3 story apartment building was constructed in 1931 and features a clean walkable basement and spacious planted backyard as well as a new roof and boiler The six apartments are all legal 1 bed 1 bath apartments, but configured as 2 bed railroad style residences. This is a rent stabilized investment and will be delivered fully occupied. The property is zoned M1-4/R6B and sits within the Long Island City Mixed use district. The FAR is 2.0 and there is 500 sf of unused air rights Rent roll and expenses upon request
Getting Around
Walker's Paradise
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1931
Type & Style
- Home type: SingleFamily
- Property subType: Rental Unit
Interior
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Interior Area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
Property
Details
- Special condition: Resale
Features
- Patio & porch: Other
- Exterior features: Garden
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Inland Flooding
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Queens County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,113 | $121,356 |
| Home Insurance * | $717 | $8,604 |
| Property Taxes | $1,250 | $15,000 |
| Electricity | $743 | $8,924 |
| Total | $12,823 | $153,876 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-02 | Listed for sale | $2,000,000 |
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