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Six-Family Apartment Building
For Sale
Contact for pricing
Pending

32 - 59 48th St, Long Island City, NY 11103

Eighteen-room property with six two-bedroom, one-bath apartments and preserved 1920s Italianate details.

Property SizeContact for details
Days on Market150

Property Features for 32 - 59 48th St

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 6 x 2BR/1BA
Multifamily Units 6

Additional Details

Public Transit Yes

Building Details

Buildings 1
Listing Agency: eXp Realty
Listed By: Harvey Heit · License #NY 30HE0823434
Source: Crexi
Added: Apr 10 Changed: Sep 4 Last Checked: Aug 31 at 12:56PM

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 eXp Realty

Investment Insights

Based on property information with market context.

This six-family apartment property contains 18 rooms arranged as six two-bedroom, one-bath apartments. The building retains substantial original Italianate architectural detail from the 1920s, while the apartments are described as being in excellent condition. The unit mix includes five rent-stabilized apartments and one free-market apartment.

The property is located at 32-59 48th St in Long Island City, near Broadway and 46th Street. The R and M subway station is approximately one block away, with Q104 and Q66 bus service on Broadway nearby. The combination of six residential units, a defined unit configuration, and retained period character provides a clear overview of the asset’s physical and transit-oriented attributes.

Key Highlights

  • Six‑family building with 18 rooms
  • Six apartments, each configured with 2 bedrooms and 1 bath
  • Five rent‑stabilized apartments and 1 free‑market apartment

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Law Firm Auto Parts Store Big Box & Wholesale Store Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,377
Businesses Nearby

Demographics for 11103, NY

37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Eighteen-room property with six two-bedroom, one-bath apartments and preserved 1920s Italianate details.
Where is this apartment building located?
The property is located at 32 - 59 48th St Long Island City, NY.
What are key features of this property?
This property features: Six‑family building with 18 rooms; Six apartments, each configured with 2 bedrooms and 1 bath; Five rent‑stabilized apartments and 1 free‑market apartment
More about this property
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