Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
48-11 37th Street
3D Tour
Interested in this property?

$1,250,000

$460 per sq ft

48-11 37th Street

Long Island City, Queens

MLS® #RLS20085298

RLS at REBNY

Listing by Serene Powers Real Estate LLC

4

Bedrooms

3.5

Baths

2,718

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms 4
Bathrooms 4 full, 1 half
Living Area 2,718 sq ft
Lot Size 4,000 sq ft
Year Built 1900
Ownership None
Property Taxes $5,520/yr
Parking Garage
Neighborhood Long Island City
Floor 3 of 3

Property Highlights

  • Views: City
  • Exposure: West facing
  • Climate Control: Central Air

Property Details

Type Single Family Residence
Ownership None
Total Rooms 6
Baths 3 Full, 1 Half
Floor 3 of 3
View City
Exposure West
Heating None
Cooling Central Air
Pets Yes
Year Built 1900
Living Area 2,718 sq ft
Parking Garage Available
Parking Features Outside
Structure Type House
Furnished Unfurnished
Lot Size 4,000 sq ft
Block/Lot 00232/0036

Listing History

Event Date Price Change
Listed Apr 18, 2026 $1,250,000 -
Currently Apr 29, 2026 $1,250,000 -

Description

Rare 3-Story Single-Family Home Private Garage Development Potential Steps to 7 Train

Welcome to 48-11 37th Street, Long Island City a rarely available, freestanding three-story home offering 2,718 sq ft of living space, a full basement, and a detached private garage, all on a generous 4,000 sq ft lot with outdoor space.

Built in 1900 and lovingly maintained, this home offers timeless character with the space and privacy that's hard to come by in NYC. Steps from the 7 train at 33 StRawson St, with direct service to Grand Central and Times Square putting Midtown Manhattan around 30 minutes away.

Key features:
2,718 sq ft across three floors
Full basement ideal for storage, gym, or recreation
Detached private garage
4,000 sq ft lot with outdoor space (40 ft 100 ft)
Low annual property taxes: $5,510
~30 min to Midtown

Development potential:
The home currently uses 2,720 sq ft of the 6,000 sq ft the zoning allows meaning there's room to add up to 3,280 sq ft of additional space without needing a zoning variance
R5 zoning with a residential FAR of 1.25
Located within a federally designated Opportunity Zone potential tax advantages for investors and developers
A turnkey home today with serious upside for tomorrow

3D Tour Upon Request





Features & Amenities

Interior Features

Storage Building Inside Common Area None

Exterior Features

Building Storage Private Outdoor Space Over60 Sqft Storage

Building Amenities

Bike Storage Storage

Building Information

Financial Details

RE Taxes $5,520/yr ($460/mo)

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

168

Median Asking Price

$1.19M

Median $/Sqft

$1,508

Avg Days on Market

N/A

New This Week

8

Price Reduced

20%

Sold (30 Days)

7

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/29/26, 12:13 AM EST

Similar Listings in Long Island City

View All

Location

Loading map...

48-11 37th Street, Long Island City, Queens County

Virtual Tour

Building Information

Official NYC property records for this building

1900
Year Built
126 years old
3
Floors
1
Residential Units
R5
Zoning District
One Family Dwellings

Tax & Assessment

Assessed Value: $88,020
Land Value: $16,980
Exemptions: $0

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

Lot Area: 4,000 SF
Building Area: 2,718 SF
Built FAR: 0.68
Allowed FAR: 1.5

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 $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $5,520, or roughly $460 per month. Verify the current assessment with your attorney before closing.

This property has 4 bedrooms and 3 full bathrooms and 1 half bathroom.

The listed interior living area is 2,718 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1900, making it approximately 126 years old.

This listing is None

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

At the current list price of $1,250,000 for 2,718 sq ft, the asking price per square foot is approximately $460. 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: RLS20085298
First Listed: 4/18/2026
On Market: 4/18/2026
Price Changed: 4/18/2026
Contract Date: 3/25/2026

Listing Courtesy of Serene Powers Real Estate LLC - Serene C Powers

Listing Contact: (646) 706-1282

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 4/29/2026 at 4:13 AM UTC

Buying in NYC? Start Here

Complete Guide to Queens Real Estate 2026

Neighborhoods, pricing, commutes, and investment across Queens.

Read article

Long Island City: Complete 2026 Guide

LIC's luxury highrises, pricing, and Manhattan commute comparison.

Read article

Single-Family Homes in NYC: Finding Outdoor Space

Where to find private outdoor space and what it costs in each borough.

Read article

NYC Closing Costs: Complete Breakdown

Buyer and seller closing costs itemized, including what to budget for.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email