1011 49th Ave, Long Island City, NY 11101

3 beds3.5 baths3,000 sqft Edit

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Sold: $1,433,000
Sold on 05/07/14
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My Notes

USE A PORTION, RENT THE REST - An ideal business location, 1031 replacement or Live-Work Spot!........This restorable, brick townhouse (circa 1924), was converted from residential to part-commercial/part residential use in 1960. There are 3 habitable floors plus a cellar, with a side alley that provides external access to the rear yard. The present Certificate of Occupancy permits commercial use (offices) on the lower 2 levels, and a residential dwelling on the top level. Current mixed-use zoning (M1-4/R6B) allows a variety of new possibilities for its use today anything from purely residential (a single or multifamily home with up to 5 units) to a combination of commercial-residential spaces (retail, office and from 1 to 4 dwellings). The resulting transformation will only be limited by your imagination. An indisputably valuable location: Positioned just 2 blocks from the waterfront promenade directly opposite the UN; virtually at the Vernon-Jackson stop on the #7; Commutable to Grand Central Station (5 mins), the Port Authority (10 mins) and Penn Station (16 mins); a short 10 minute stroll to the E,M & G subway lines at 23rd & Ely/Court Sq, the LIRR at the Hunters Pt station and PS1; accessible to LaGuardia & Kennedy airports via mass transit; 1/8 mile from the LIE & 1 mile to the BQE; restaurants, shops & services are virtually at your doorstep! Vacant, we have keys, shown by appointment.  More Less 


  • Lot: 1,655 sqft
  • Single Family
  • Built in 1931
  • Views: 1,665 all time views
  • Last sold: May 2014 for $1,433,000
  • Last sale price/sqft: $478


  • Flooring: Hardwood
  • Patio

    Appliances Included

    • Dishwasher
    • Range / Oven


    • Stories: 3
    • Unit count: 1


    • Floor size: 3,000 sqft
    • Lot depth: 64
    • Lot width: 25
    • Parcel #: 000440005
    • Zillow Home ID: 112510506

    Zestimate Details

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    -$82 Last 30 days
    Zestimate range

    Popularity on Zillow

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    1,665 all-time views
    of this home (chart)
    221 forecasted views of this home
    in the first 7 days after listing for sale
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    Comparable Homes

    Homes like this sold for $415K-6.33M.



    Neighborhood: Hunters Point

    Zillow predicts Hunters Point home values will increase 5.9% next year, compared to a 2% increase for New York as a whole.

    Foreclosures will be a factor impacting home values in the next several years. In Hunters Point, the number of foreclosures waiting to be sold is 87.5% less than in New York, and 99% lower than the national average. This lower local number could help Hunters Point home values rise more quickly than other regions in New York.

    Learn more about forecast calculations or Hunters Point home values.
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      Other Units in this Building (1)ZestimateBedsBathsSqft

      Nearby Schools in New York

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      • School Rating




      • 9
        out of 10
        Ps 78 (assigned)
        0.2 mi
      • 6
        out of 10
        1.5 mi
      • 3
        out of 10
        Information Technology High (assigned)
        0.5 mi

      Data by GreatSchools.org