10-47 47TH Avenue
$1,500,000
MLS# RLS20107016 · Hunters Point
Originally listed at $2,000,000. Price last reduced on November 10, 2026.
Listed August 3, 2026 · 100 days on the market
6 Beds 6 Baths 4,500 Sq.Ft.
About This Property
First time on the market in three generations. Own a piece of Long Island City history on one of the neighborhood's most coveted and storied blocks, just off Vernon Boulevard.This 4,500 sq ft, 6-unit investment property has been well maintained for over 60 years and offers up-to-date inspections and compliance with all local and state requirements.Built 25' 60' on a 25' 100' lot, the property offers the ideal blend of a quiet residential setting and a prime location. Constructed in 1931, the three-story apartment building features a clean, walkable basement, a spacious landscaped backyard, and recent upgrades including a new roof and boiler.The six apartments are all legal one-bedroom, one-bath residences, currently configured as railroad-style two-bedroom layouts. The property is rent stabilized and will be delivered fully occupied.Zoned M1-4/R6B within the Long Island City Mixed Use District, the property has an FAR of 2.0 and approximately 500 square feet of unused air rights.Rent roll and expense information available upon request.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by ALTA Real Estate.
A new roof and a new boiler are already in place at this 1931 three-story building, so the two systems you'd otherwise plan around are done. The building covers 4,500 square feet and sits on a 25 by 100 foot lot, with the structure itself built 25 by 60 feet.
The listing describes six legal one-bedroom, one-bath apartments, currently set up as railroad-style two-bedroom layouts. It's worth comparing those layouts floor by floor, since the arrangement of each unit is what you'd actually live with day to day. Six separate kitchens and baths are a different daily setup than one shared plan, so the floor plans are the place to start.
The backyard is landscaped and spacious, and the basement is clean and walkable, which gives the building room beyond the apartments themselves. A washer and dryer in the unit means laundry doesn't require a trip out of the apartment.
Laundry on site is one of those things you stop noticing once it's in place.
The G at 21 St is about 3 minutes on foot, and the 7 at Vernon Blvd-Jackson Av is about 6 minutes. Murray Playground is about 4 minutes away, and Hunter's Point South Park is about 12 minutes.
For errands, Natural Frontier Market and Yee's Vernon Market are each about 3 minutes away, and We Bagel is about 2 minutes. The listing says the property is rent stabilized and will be delivered fully occupied, and that rent roll and expense information is available on request. Reviewing those documents with your attorney or accountant is a sensible first step.
Quick answers+
Does the building have in-unit laundry?
Yes, a washer and dryer are in the unit.
How many apartments does the building have?
The building has six apartments, each a legal one-bedroom, one-bath residence currently set up as railroad-style two-bedroom layouts.
Are pets allowed?
Yes, pets are allowed, and the building is smoke-free.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Pets allowed
- Smoke-free
Home features
- Washer/dryer in unit
Building amenities
Services and facilities
- Green building
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$8,768 / month
- Principal and interest$7,585
- Property taxes$1,183
Due at closing
- Down payment (20%)$300,000
- NYS “mansion tax” (1%)$15,000
- Mortgage recording tax (1.925%)$23,100
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
Location & Nearby
Map
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10-47 47TH Avenue
Subway
- G21 StAbout 3 min walk
- 7Vernon Blvd-Jackson AvAbout 6 min walk
- 7Hunters Point AvAbout 7 min walk
- 7EFGCourt Sq-23 StAbout 9 min walk · Accessible
Parks
- Murray PlaygroundAbout 4 min walk
- Hunter's Point South ParkAbout 12 min walk
Public schools · Elementary schools
- P.S./I.S. 78QAbout 8 min walk
- Hunters Point Elementary SchoolAbout 18 min walk
Middle schools
- Hunters Point Community Middle SchoolAbout 12 min walk
High schools
- Information Technology High SchoolAbout 9 min walk
- Academy for Careers in Television and FilmAbout 12 min walk
Colleges & universities
- Bank Street College of EducationAbout 8 min walk
- Cornell TechAbout 20 min walk
- Fiorello H. Laguardia Comm CollegeAbout 22 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
Gallery
Property Photos
Listing Courtesy of ALTA Real Estate
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.