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Financial
Distress signals
Property profile

3201 47th Ave Long Island City, NY 11101

OFF-MARKET
Retail space
Property ID
US63-0847345
2,744 SF 0.07 ac lot Built 1965
Last sale Apr 2024 · $1,980,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a two-unit corner restaurant building located at the intersection of Van Dam Street and 47th Avenue in Long Island City, minutes from Queens Plaza. It has 10-foot ceilings, all-new LED lighting, and 3-phase electrical power, and includes an accessible ramp and bathroom. The building is equipped with CAC and provides parking for six vehicles. The structure is situated within an M1-4 zoning district, supporting flexible future uses, and the building configuration can be delivered vacant if needed.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$31k
Tax billed · 2024
Assessed value$321k
Assessed land$135k
Assessed improvement$186k
Effective rate9.54%

Value estimate

· Oct 2026
$1.98M
$1.78M – $2.18M
AI approach$1.98M
Submarket $/SF estimate$1.79M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$587/SF
Submarket average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$389 – $952
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1-4
This district is designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards
General categoryINDUSTRIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency101.5
Auto Parts Store44.2
Law Firm43.4

Location

3201 47th Ave Long Island City, NY 11101
County assessor Recorded deeds · 5 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2310 44th, Long Island City, NY 11101-4712 $4,500,000 Nov 2024 2,500 SF
5621 2nd, Long Island City, NY 11101-6324 $1,004,000 Feb 2024 2,863 SF
3244 Queens, Long Island City, NY 11101-2325 $1,400,000 Aug 2022 2,732 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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