Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $500,000

Listed at $550,000 · Sold 9.1% below asking · Closed December 3, 2017

4-74 48th Avenue #3-U
Closed For Sale Condop

$550,000

$917 per sq ft

4-74 48th Avenue #3-U

Long Island City, Queens

MLS® #RLS10045886

RLS at REBNY

Listing by Weichert Properties

1

Bedroom

1

Bath

600

Sq. Ft.

1997

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 600 sq ft
Year Built 1997
Ownership Condop
HOA/Common Charges $743.05/mo
Parking Garage
Neighborhood Long Island City
Floor 3 of 42

Property Highlights

  • Exposure: North facing
  • Parking: Private garage

Property Details

Type Condop
Ownership Condop
Total Rooms 3
Baths 1 Full
Floor 3 of 42
Exposure North
Pets Yes
Cross Street Center Boulevard/5th Street
Year Built 1997
Living Area 600 sq ft
Parking Garage Available
Block/Lot 18/1

Listing History

Event Date Price Change
Listed May 25, 2017 $550,000 -
Currently Apr 23, 2026 $550,000 -

Description

This is an opportunity to own one of the rare "low maintenance" one bedrooms at Citylights. The second to fifth floor apartments all have lower maintenance than the rest of the building and therefore compare very favorably to the condos in the neighborhood. The apartment features, gleaming hardwood floors, high ceilings, excellent light and closet space.

Enjoy Luxury Living in your Luxury High-rise with 24/7 Front Desk, Health Club, Tennis Courts and Two Large Landscaped Common Areas. Enjoy numerous restaurants, activities and attractions in Long Island City. One Block from Duane Reade, Urban Market and The Food Cellar grocery store and just one stop from Grand Central Station and all of mid-town Manhattan on the 7 Train: http://www.licweb.com Directly in front of the building is the 22 Acre Gantry State Park with four piers extending into the East River, one for fishing.

Features & Amenities

Interior Features

Common Area

Exterior Features

Building Roof Deck

Building Information

Stories 42

Financial Details

Common Charges $743.05/mo
Sale Price $500,000

Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.

Long Island City Live Market Data

View Neighborhood

Active Listings

164

Median Asking Price

$1.20M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

9

Price Reduced

18%

Sold (30 Days)

13

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/23/26, 5:19 PM EST

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Location

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4-74 48th Avenue #3-U, Long Island City, Queens County • Near Center Boulevard/5th Street

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1996
Year Built
30 years old
42
Floors
522
Residential Units
M3-1
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $46,107,450
Land Value: $6,349,950
Exemptions: $46,107,450

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 80,634 SF
Building Area: 724,475 SF
Built FAR: 8.98

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $743.05 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 600 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1997, making it approximately 29 years old.

This listing is a condop, a hybrid structure where the building is legally a co-op but individual units are sold with greater flexibility, often including subletting rights similar to condos.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $550,000 for 600 sq ft, the asking price per square foot is approximately $917. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10045886
First Listed: 5/25/2017
Closed: 12/3/2017
Contract Date: 5/24/2017

Listing Courtesy of Weichert Properties - Brian T. Dusseau

Listing Contact: (917) 596-3139

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/23/2026 at 9:19 PM UTC

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