1022 47th Ave - Multi-Family FOR SALE


Long Island City, NY 11101- Hunters Point
$2,950,000 USD
646-512-1300
1022 47th Ave, Long Island City, NY for Sale
$2,950,000 USD
Multi-Family - FOR SALE
1/8
null | Request Cap Rate

1022 47th Ave
Long Island City, NY 11101
Hunters Point


OVERVIEW

METICULOUSLY GUT-RENOVATED TWO-FAMILY HOME WITH PRIVATE OUTDOOR SPACE & DRIVEWAY – PRIME LONG ISLAND CITY 25’ Wide | Two-Family | Private Front Yard & Driveway | One Stop to Manhattan Located in the heart of Hunters Point, Long Island City’s most sought-after waterfront neighborhood, this exceptional meticulously gut-renovated two-family home offers a rare blend of modern luxury, tranquility, and prime location. Situated on a 25’ x 100’ lot, this stunning residence boasts 2,250 square feet of thoughtfully designed living space, a beautifully landscaped front yard with an outdoor kitchen, and a gravel driveway for two cars. With 2,750 square feet of unused FAR, there is also significant potential for expansion. Perfect for an investor, an owner-occupant looking for rental income, or someone seeking to convert it into a spacious single-family home, this property presents an incredible opportunity. A COMPLETE TRANSFORMATION – INSIDE & OUT No detail was overlooked in the meticulous gut renovation of this home, which now features: - New electrical, plumbing, and mechanical systems - New siding and exterior finishes for enhanced durability and curb appeal - New beautifully paved bluestone patios and pathways, offering a serene outdoor retreat - New professionally landscaped front yard, designed to create a tranquil, garden-like atmosphere - New outdoor kitchen, complete with a built-in BBQ grill (with it’s very own gas line) and refrigerator—perfect for entertaining - New gravel driveway, accommodating two cars in tandem - New exterior lighting, highlighting the home’s stunning outdoor space while providing added security - New fenced-in front yard, offering privacy while enhancing the home’s inviting charm - New energy-efficient windows and doors - New chef’s kitchens featuring marble countertops and top-of-the-line stainless steel appliances - New spa-like bathrooms with high-end finishes - New central air conditioning and heating systems - New hardwood flooring throughout - New intercom and security alarm system A BEAUTIFULLY DESIGNED OUTDOOR ESCAPE The home’s exterior has been meticulously redesigned to provide a peaceful, private oasis in the heart of Long Island City. Lush landscaping, elegant bluestone patios, and a gated front yard with an outdoor kitchen create an inviting retreat perfect for relaxation and entertaining. Thoughtfully placed exterior lighting enhances the space, making it just as beautiful at night as it is during the day. UNBEATABLE LOCATION – THE BEST OF LIC AT YOUR DOORSTEP This home is situated in prime Hunters Point, just two blocks from the LIC waterfront, offering stunning Manhattan skyline views, lush parks, and waterfront promenades. Located right off Vernon Boulevard, you’ll find some of the city’s best restaurants, cafés, and bars within steps, including Casa Enrique, Blend on the Water, and Sweetleaf Coffee. For commuters, the location is unbeatable. The 7/E/M/G subway lines are a short walk away, providing a quick one-stop ride to Midtown Manhattan. The East River Ferry is also nearby, offering a scenic alternative. EXPANSION OPPORTUNITY & ADDITIONAL LOT AVAILABLE With 2,750 square feet of unused FAR, there is potential to expand the property further. Additionally, 10-20 47th Ave is also available for sale next door—offering the opportunity to combine both lots into a 43’ x 100’ parcel for even greater development possibilities. Showings by private appointment only. Contact us today for a private tour and additional details

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$1,311 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,475,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1901

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

M1-4/R6B

APN/PARCEL ID

00046-0042

ASK ABOUT THIS PROPERTY

Alexander PereiraModern SpacesMore Info
646-512-1300

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Alexander PereiraModern SpacesMore Info
646-512-1300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.