10464 48th Avenue
About This Property
This charming 2–3 bedroom, 1 bath ranch is the perfect opportunity for buyers seeking value, vision, and versatility. Set on a spacious lot, the home includes a basement with incredible potential to convert into a full living space, ideal for expansion, recreation, or multi-generational living.
With cosmetic refinishes, it offers tremendous upside. A 3-car garage makes parking a breeze while opening the door for future expansion or a larger build.
Whether you're a first-time buyer, investor, or looking to create your dream home, this property delivers solid bones and huge development possibilities.
Don't miss this opportunity to build equity and create your vision-schedule a showing today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 10, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Listed by Weichert Realtors Heritage Pro | $849,000 | |
| Listed by Weichert Realtors Heritage Pro | |||
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About Northwestern Queens
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017