Buy with Yoreevo
$2,842,000
List Price: $2,900,000
Share Listing
Save Listing
10-20 47th Avenue
Townhouse in Hunters Point •  building info
1bd • 1ba • 3,198ft² $907 per ft²
Buy with Yoreevo

$2,842,000

List Price

$2,900,000

Key Details
Days on market
60
Last price change
loading...
Estimated payment
$17,107/mo
Taxes
$610/mo
Maintenance
N/A
Description
Welcome to an exceptional investment opportunity in the heart of Long Island City! This renovated three-family home is not just a property; its a savvy investors 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. Youll 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, youre just one stop from Manhattan, making it a commuters 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 chefs 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 youre 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 NYCs hottest neighborhoodsdont miss out on making this incredible property yours!

Hide full description

Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$2,900,000
Asking Price: $2,900,000
Term
30 Years
Down Payment
$290,000 (10%)
Min: 10% (290,000)
Rate
6.5 %
Mortgage Amount
$2,610,000
Mortgage Payment
$16,497
Taxes
$610
Estimated Yoreevo rebate
$58,000
Estimated closing cost
$105,000
Total monthly cost $17,107
Buy your dream home with us and get an estimated $58,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Modern Spaces

IDX information is provided exclusively for consumers' personal, noncommercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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 REBNY listing service, Inc all rights reserved.

RLS IDX Data display by Yoreevo.