Financial
Distress signals
Property profile

3238 48th St Long Island City, NY 11103

OFF-MARKET
Apartment buildings
Property ID
US63-3518783
5,508 SF 0.06 ac lot Built 1928
Last sale Sep 2025 · $1,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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.

Mortgages

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?
$20k
Tax billed · 2024
Assessed value$470k
Assessed land$10k
Assessed improvement$459k
Effective rate4.32%

Value estimate

· Sep 2026
$360k
$324k – $396k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$306/SF
ZIP average, outlier-cleaned · 75 recorded sales of this use type
Observed band · Q1–Q3$233 – $374
Qualifying comparables6

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?
R5
This district is designed to permits moderate density residential neighborhoods with a mix of housing types except zero lot line buildings
General categoryRESIDENTIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility33.8
Law Firm32.3
Nursing Home17.5

Location

3238 48th St Long Island City, NY 11103-1712
County assessor Recorded deeds · 14 transfers 6 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3049 47th, Long Island City, NY 11103-1532 $1,650,000 Feb 2026 5,610 SF
3022 44th, Long Island City, NY 11103-2405 $1,320,000 Jan 2026 5,262 SF
3066 44th, Long Island City, NY 11103-2421 $1,550,000 May 2025 5,262 SF
3047 49th, Long Island City, NY 11103-1324 $1,225,000 Apr 2024 5,250 SF
3068 45th, Long Island City, NY 11103-1889 $1,600,000 Dec 2023 5,295 SF
4406 25th, Long Island City, NY 11103-2000 $160,000 Nov 2023 4,878 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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