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Waterfront Residential Income Property
For Sale
$1,460,000

5-09 48th Avenue 2-C, Queens, NY 11101

South-facing two-bedroom residence with two bathrooms, in-unit laundry, and an open kitchen layout.

Property Size1,048 SF
Price / SF$1,393
Days on Market120

Property Features for 5-09 48th Avenue 2-C

General Information

Standard status Active
Size 1,048 SF
Property subtype Apartment

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 1

Taxes and HOA fees

Annual Taxes $9,049

Amenities

24-hour attended lobby
fitness center
children's playroom
outdoor spaces
in-unit washer/dryer

Building Details

Building Size 1,048 SF
Year Built 2008
Listing Agency: Modern Spaces
Listed By: Alexis Yoo
Source: Philipscheinfeld
Added: Apr 24 Changed: Aug 18 Last Checked: Aug 20 at 12:49PM

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 Modern Spaces

Investment Insights

Based on property information with market context.

This south-facing condominium residence is arranged as a split two-bedroom, two-bathroom home with an open kitchen, stainless steel appliances, and an in-unit washer and dryer. The primary suite accommodates a king-sized bed and includes two closets. Built in 2008, the property is part of 5SL Condominium and includes access to a 24-hour attended lobby, fitness center, children's playroom, and outdoor spaces.

The residence is positioned along the waterfront in Hunters Point South, with access to the Ed Koch Queensboro Bridge, LIE/Midtown Tunnel, BQE, and Pulaski Bridge. The 7 train is nearby, along with E, M, and G subway service and two NYC Ferry landings. Trader Joe's, Target, dining, retail, and daily conveniences are in the surrounding area, while Gantry Plaza State Park is one block away.

Key Highlights

  • South‑facing split two‑bedroom, two‑bathroom residence
  • Waterfront setting in Hunters Point South
  • Open kitchen with stainless steel appliances

Property Analytics

Current Use

Resale Collectibles Big Box & Wholesale Store LIC Non-Fiction Book ... Community Center

Suggested Use

Top Pick Auto Parts Store Nursing Home Butcher Mobile Phone Store Daycare Center Clothing & Fashion Store

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

1
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,739
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - South-facing two-bedroom residence with two bathrooms, in-unit laundry, and an open kitchen layout.
Where is this residential income property located?
The property is located at 5-09 48th Avenue 2-C Queens, NY.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: South‑facing split two‑bedroom, two‑bathroom residence; Waterfront setting in Hunters Point South; Open kitchen with stainless steel appliances
More about this property
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