Long Island City Multifamily
For Sale
$1,499,000
11-21 47th Rd, Queens, NY 11101
Six-unit building in Long Island City with income potential.
Days on Market99
Property Features for 11-21 47th Rd
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1931
Listing Agency:
(516) 629-2616
Listed By:
Andréa Sorrentino
(516) 629-2616
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 11:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andréa Sorrentino
Investment Insights
Based on property information with market context.
Located in the heart of Long Island City, just off Jackson Avenue, this six-family building is available for purchase. Each unit features two bedrooms, one bathroom, a kitchen, and a living room. The property includes a full unfinished basement with two outdoor exits. The current income from the units is as follows: Unit 1R generates $1,424.69 per month with a lease expiring on April 22, 2026; Unit 2R generates $1,765.00 per month with a lease expiring on January 31, 2026; Unit 3R generates $1,993.32 per month with a lease expiring on November 30, 2025; Unit 2L generates $1,754.84 per month with a lease expiring on February 28, 2026; and Unit 3L generates $785.28 per month with a lease expiring on April 30, 2026. Unit 1L is in LEGAL. The annual expenses include $4,902 for water and sewer, $4,213 for oil, $23 for fire insurance, $321 for exterminator services, $4,213 for supplies, $9,832 for insurance, and $13,766.84 in taxes. Five of the six units are rent stabilized, while Unit 1L is rent controlled. The location has a bike score of 84, indicating it is very bikeable, a walk score of 96, designating it as a walker's paradise, and a transit score of 100, marking it as a rider's paradise.
Key Highlights
- Prime Long Island City location, right off Jackson Avenue.
- Six‑family building, offering immediate rental income potential.
- High Walk Score (96): Walker's Paradise.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,865
Businesses Nearby
Explore this area
Business Placement
Demographics for 11101, NY
48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit building in Long Island City with income potential.
Where is this apartment building located?
The property is located at 11-21 47th Rd Queens, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Prime Long Island City location, right off Jackson Avenue.; Six‑family building, offering immediate rental income potential.; High Walk Score (96): **Walker's Paradise**.
