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    2705 41St Ave, Unit 5D Long Island City, NY 11101

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    For Sale
    $880,000

    Bright, spacious 2BR/2BA unit near Queensboro Plaza with tax abatement.

    Property size:
    630 SF

    Property Features for 2705 41St Ave

    General Information

    Size
    630 SF

    Building Details

    Year built
    2015

    Source: Keller Williams Realty Landmark II Agent Yiwen Zhu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long Island City Apartment with Abatement

    This bright and spacious unit is located one block from Queensboro Plaza, accessible via the N, W, and 7 trains, in Long Island City. It features 2 bedrooms and 2 bathrooms, making it suitable for homebuyers or investors. The modern kitchen includes granite counters and stainless steel appliances. The unit also benefits from great natural light, hardwood floors, and custom closets. A 421-a tax abatement is in place until 2033, resulting in a monthly property tax of approximately $30. Building amenities include an elevator, garage parking (available for $380 per month), laundry facilities on every floor, a package room, and free bike storage. The location provides convenient access to shops, cafes, parks, and Midtown Manhattan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    River Bridge Tower ... Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.937745
    Latitude
    40.751775

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    FAQs

    What type of property is this?
    Apartment building - Bright, spacious 2BR/2BA unit near Queensboro Plaza with tax abatement.
    Where is this apartment building located?
    The property is located at 2705 41St Ave, Unit 5D Long Island City, NY.
    What is the asking price?
    The asking price for this property is $880,000.
    What are key features of this property?
    This property features: - Prime LIC location: Just 1 block to Queensboro Plaza (N/W/7 trains) and close to shops, cafes, parks, and Midtown Manhattan.; - Extremely low monthly property tax: Enjoy ~$30 monthly due to 421-a Tax Abatement until 2033.; - Two bedrooms and two bathrooms.
    (929) 366-6682
    Request Owner's contact information
    2705 41St Ave, Unit 5D Long Island City, NY 11101
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    2705 41St Ave, Unit 5D
    Long Island City, NY 11101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2705 41St Ave, Unit 5D Long Island City, NY 11101
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