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4-74 48TH Avenue #38K
About This Property
Don't miss this unique ownership opportunity as featured in the 'On The Market' section of the NYTimes! Located on the waterfront at 4-74 48th Avenue, #38K in Long Island City, this stunning, oversized 2-bedroom, 2-bathroom apartment is a rare gem, offering  not only huge, light-filled bedrooms but also spectacular, unobstructed views of the East River, Queens, and the breathtaking Manhattan skyline, which comes alive with dazzling city lights at night from your private balcony.
Spanning an impressive 1,200 sq ft, (approx.) this recently updated apartment features a thoughtful & expansive split bedroom layout that maximizes space, privacy and natural light, enhanced by elegant, refinished wood flooring throughout. The newly renovated  walk-thru designer kitchen is a chef's dream, equipped with top-of-the-line stainless steel appliances, including a Bosch dishwasher, and seamlessly opening to a spacious living area complete with a separate windowed nook with river views-ideal for a home  office! The expansive living space also boasts a dining area, ideal for entertaining friends and family while enjoying the stunning views.
Retreat to the extra-large primary bedroom suite, which offers abundant southern exposure, a luxurious ensuite bathroom with a soaking tub, and generous storage options, including an enormous walk-in closet and a custom double-door closet. The well-appointed, Â gigantic second bedroom features a southwest-facing corner window and ample custom closet space, conveniently located next to a stylish full bathroom with a tiled shower.
Living at Citylights-designed by the acclaimed architect Cesar Pelli-means indulging in an array of exceptional amenities. Enjoy access to a fully equipped gym with complementary exercise classes, a beautifully landscaped roof terrace featuring a tennis court, Â newly remodeled, expansive laundry room, 24/7 concierge service, and convenient on-site parking at a significantly below market rate ($150/month) for owners . Plus, as a primary residence owner, you may be eligible for a tax rebate!
Experience the vibrant lifestyle of Long Island City, with easy access to stunning parks like Gantry Plaza State Park, diverse dining options, cultural venues, and seamless transportation links to Manhattan, including the East River Ferry and a quick one-stop  subway ride to Grand Central Terminal.
Seize your chance to embrace this unparalleled lifestyle at Citylights, where spacious bedrooms, mesmerizing views, and modern comforts converge in perfect harmony!
Listed By

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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%.
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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.
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Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 7, 2024 | Listed by Corcoran Group | $978,000 | |
Listed by Corcoran Group |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
07/19/2024
|
1 Bed
|
1 Bath
|
815 ft²
|
$735,000
1 Bed
1 Bath
815 ft²
|
$730,000
-0.68%
10/29/2024
|
-
|
Steven Clair
Compass
| |
07/17/2024
|
1 Bed
|
1 Bath
|
-
|
$899,000
1 Bed
1 Bath
|
-
-
|
-
|
Patricia Santella
Elliman
| |
07/14/2024
|
1 Bed
|
1 Bath
|
-
|
$535,000
1 Bed
1 Bath
|
$535,000
10/29/2024
|
-
|
Mary V Torres
Modern Spaces
| |
07/05/2024
|
1 Bed
|
1 Bath
|
700 ft²
|
$535,000
1 Bed
1 Bath
700 ft²
|
$510,000
-4.67%
11/20/2024
|
-
|
Lauren Renee Bennett
Corcoran Group
| |
04/17/2024
|
2 Bed
|
2 Bath
|
1100 ft²
|
$885,000
2 Bed
2 Bath
1100 ft²
|
$835,000
-5.65%
01/07/2025
|
-
|
Mary V Torres
Modern Spaces
| |
05/19/2024
|
1 Bed
|
1 Bath
|
-
|
$594,999
1 Bed
1 Bath
|
$525,000
-11.76%
12/03/2024
|
-
|
Mary V Torres
Modern Spaces
| |
04/22/2024
|
1 Bed
|
1 Bath
|
863 ft²
|
$649,000
1 Bed
1 Bath
863 ft²
|
$680,000
+4.78%
08/27/2024
|
-
|
King Li
exp Realty NYC
| |
04/05/2024
|
1 Bed
|
1 Bath
|
800 ft²
|
$618,000
1 Bed
1 Bath
800 ft²
|
$600,000
-2.91%
07/17/2024
|
-
|
Patrick Smith
Smith & Degroat Real Estate
| |
03/22/2024
|
2 Bed
|
2 Bath
|
-
|
$1,300,000
2 Bed
2 Bath
|
$1,265,000
-2.69%
07/11/2024
|
-
|
Lauren Renee Bennett
Corcoran Group
| |
03/22/2024
|
1 Bed
|
1 Bath
|
700 ft²
|
$545,000
1 Bed
1 Bath
700 ft²
|
$500,000
-8.26%
07/31/2024
|
-
|
Shawn Mazzarone
Halstead Property, LLC
| |
03/18/2024
|
1 Bed
|
1 Bath
|
700 ft²
|
$565,000
1 Bed
1 Bath
700 ft²
|
$530,000
-6.19%
08/29/2024
|
-
|
Brian Dusseau
Compass
| |
03/08/2024
|
1 Bed
|
1 Bath
|
650 ft²
|
$499,999
1 Bed
1 Bath
650 ft²
|
$517,000
+3.40%
06/25/2024
|
-
|
Mary V Torres
Modern Spaces
| |
03/02/2024
|
2 Bed
|
2 Bath
|
-
|
$775,000
2 Bed
2 Bath
|
$800,000
+3.23%
06/17/2024
|
-
|
Mary V Torres
Modern Spaces
| |
01/31/2024
|
1 Bed
|
1 Bath
|
-
|
$625,000
1 Bed
1 Bath
|
$600,000
-4.00%
07/16/2024
|
-
|
Mary V Torres
Modern Spaces
| |
01/04/2024
|
1 Bed
|
2 Bath
|
975 ft²
|
$620,000
1 Bed
2 Bath
975 ft²
|
$620,000
06/05/2024
|
-
|
Nancy Slavin
Elliman
| |
12/18/2023
|
2 Bed
|
2 Bath
|
-
|
$775,000
2 Bed
2 Bath
|
$775,000
04/12/2024
|
-
|
Patrick Lilly
The Corcoran Group
| |
11/21/2023
|
1 Bed
|
1 Bath
|
-
|
$549,999
1 Bed
1 Bath
|
$575,000
+4.55%
03/06/2024
|
Doris Kason
Douglas Elliman Real Estate
| ||
10/20/2023
|
2 Bed
|
2 Bath
|
-
|
$747,999
2 Bed
2 Bath
|
$712,500
-4.75%
06/03/2024
|
-
|
Howard Grynspan
HomeSmart Homes & Estates
| |
10/19/2023
|
2 Bed
|
2 Bath
|
-
|
$850,000
2 Bed
2 Bath
|
$860,000
+1.18%
08/13/2024
|
-
|
Mary V Torres
Modern Spaces
| |
10/19/2023
|
2 Bed
|
2 Bath
|
-
|
$800,000
2 Bed
2 Bath
|
$810,000
+1.25%
02/13/2024
|
Mary Torres
Modern Spaces Love Your Place
| ||
09/28/2023
|
Studio
|
1 Bath
|
502 ft²
|
$450,000
Studio
1 Bath
502 ft²
|
$450,000
02/22/2024
|
Shan Chowdhury
Brown Harris Stevens Queens LLC
| ||
09/14/2023
|
Studio
|
1 Bath
|
-
|
$449,000
Studio
1 Bath
|
$449,000
02/07/2024
|
Natsuko Ikegami
Compass
| ||
09/05/2023
|
2 Bed
|
1 Bath
|
-
|
$699,999
2 Bed
1 Bath
|
$684,000
-2.29%
12/13/2023
|
Mary Torres
Modern Spaces Love Your Place
| ||
08/30/2023
|
1 Bed
|
1 Bath
|
-
|
$550,000
1 Bed
1 Bath
|
$515,000
-6.36%
02/14/2024
|
Lauren Bennett
Corcoran Group
| ||
08/30/2023
|
2 Bed
|
2 Bath
|
-
|
$1,150,000
2 Bed
2 Bath
|
$940,000
-18.26%
01/30/2024
|
Raymel Santiago
Charles Rutenberg Realty Inc
| ||
08/29/2023
|
2 Bed
|
2 Bath
|
-
|
$800,000
2 Bed
2 Bath
|
$800,000
12/14/2023
|
Mary Torres
Modern Spaces Love Your Place
| ||
08/16/2023
|
2 Bed
|
2 Bath
|
1100 ft²
|
$900,000
2 Bed
2 Bath
1100 ft²
|
$900,000
01/23/2024
|
Brian Dusseau
Compass
| ||
06/19/2023
|
1 Bed
|
1 Bath
|
-
|
$520,000
1 Bed
1 Bath
|
$470,000
-9.62%
12/07/2023
|
Mary Torres
Modern Spaces Love Your Place
| ||
06/13/2023
|
1 Bed
|
1 Bath
|
-
|
$550,000
1 Bed
1 Bath
|
$525,000
-4.55%
10/26/2023
|
-
|
Alex Pearl
The Corcoran Group
| |
05/27/2023
|
1 Bed
|
1 Bath
|
-
|
$549,000
1 Bed
1 Bath
|
$529,000
-3.64%
03/05/2024
|
Dingxing Chen
EXP Realty
| ||
05/17/2023
|
Studio
|
1 Bath
|
510 ft²
|
$415,000
Studio
1 Bath
510 ft²
|
$405,000
-2.41%
11/22/2023
|
Shawn Mazzarone
Compass
| ||
05/17/2023
|
1 Bed
|
1 Bath
|
640 ft²
|
$495,000
1 Bed
1 Bath
640 ft²
|
$490,000
-1.01%
11/29/2023
|
Shawn Mazzarone
Compass
| ||
05/05/2023
|
2 Bed
|
2 Bath
|
-
|
$699,999
2 Bed
2 Bath
|
$750,000
+7.14%
08/03/2023
|
Lauren Bennett
Corcoran Group
| ||
05/03/2023
|
Studio
|
1 Bath
|
-
|
$415,000
Studio
1 Bath
|
$410,000
-1.20%
09/11/2023
|
Mary Torres
Modern Spaces Love Your Place
| ||
04/28/2023
|
1 Bed
|
1 Bath
|
-
|
$525,000
1 Bed
1 Bath
|
$475,000
-9.52%
12/13/2023
|
Stefani Berkin
R New York
| ||
04/22/2023
|
1 Bed
|
1 Bath
|
-
|
$539,000
1 Bed
1 Bath
|
$514,500
-4.55%
07/19/2023
|
Mary Torres
Modern Spaces
| ||
04/13/2023
|
2 Bed
|
2 Bath
|
-
|
$850,000
2 Bed
2 Bath
|
$815,000
-4.12%
08/21/2023
|
Mary Torres
Modern Spaces Love Your Place
| ||
04/03/2023
|
2 Bed
|
2 Bath
|
1000 ft²
|
$795,000
2 Bed
2 Bath
1000 ft²
|
$758,160
-4.63%
08/29/2023
|
Brian Dusseau
Compass
| ||
03/22/2023
|
1 Bed
|
1 Bath
|
800 ft²
|
$545,000
1 Bed
1 Bath
800 ft²
|
$535,000
-1.83%
08/02/2023
|
Mary Torres
Modern Spaces
| ||
01/26/2023
|
1 Bed
|
1 Bath
|
-
|
$550,000
1 Bed
1 Bath
|
$515,000
-6.36%
08/28/2023
|
Shadaby Azam
EXP Realty
| ||
01/26/2023
|
1 Bed
|
1 Bath
|
-
|
$465,000
1 Bed
1 Bath
|
$465,000
06/22/2023
|
Shadaby Azam
EXP Realty
| ||
01/05/2023
|
Studio
|
1 Bath
|
-
|
$399,000
Studio
1 Bath
|
$385,000
-3.51%
05/31/2023
|
Shadaby Azam
EXP Realty
| ||
10/21/2022
|
1 Bed
|
1 Bath
|
863 ft²
|
$595,000
1 Bed
1 Bath
863 ft²
|
$575,000
-3.36%
03/23/2023
|
Shawn Mazzarone
Compass
| ||
10/11/2022
|
1 Bed
|
1 Bath
|
650 ft²
|
$509,000
1 Bed
1 Bath
650 ft²
|
$470,000
-7.66%
08/07/2023
|
Mary Torres
Modern Spaces
| ||
08/30/2022
|
1 Bed
|
1 Bath
|
-
|
$555,000
1 Bed
1 Bath
|
$540,000
-2.70%
01/11/2023
|
Mary Torres
Modern Spaces Love Your Place
| ||
08/24/2022
|
1 Bed
|
1 Bath
|
815 ft²
|
$625,000
1 Bed
1 Bath
815 ft²
|
$600,000
-4.00%
03/09/2023
|
Shawn Avazeh
Nest Seekers LLC
| ||
08/02/2022
|
1 Bed
|
1 Bath
|
800 ft²
|
$640,000
1 Bed
1 Bath
800 ft²
|
$635,000
-0.78%
07/13/2023
|
Brian Dusseau
Compass
| ||
07/26/2022
|
3 Bed
|
2 Bath
|
1050 ft²
|
$815,000
3 Bed
2 Bath
1050 ft²
|
$750,000
-7.98%
03/14/2023
|
Mary Torres
Modern Spaces
| ||
07/23/2022
|
Studio
|
1 Bath
|
502 ft²
|
$390,000
Studio
1 Bath
502 ft²
|
$415,000
+6.41%
11/21/2022
|
Mary Torres
Modern Spaces
| ||
07/19/2022
|
1 Bed
|
1 Bath
|
700 ft²
|
$580,000
1 Bed
1 Bath
700 ft²
|
$555,000
-4.31%
01/19/2023
|
Kevin McNeill
Corcoran Group
| ||
07/18/2022
|
2 Bed
|
2 Bath
|
-
|
$788,000
2 Bed
2 Bath
|
$735,000
-6.73%
12/15/2022
|
Mary Torres
Douglas Elliman Real Estate
| ||
06/14/2022
|
1 Bed
|
1 Bath
|
650 ft²
|
$525,000
1 Bed
1 Bath
650 ft²
|
$525,000
09/07/2022
|
Brian Dusseau
Compass
| ||
05/25/2022
|
1 Bed
|
1 Bath
|
-
|
$649,000
1 Bed
1 Bath
|
$625,000
-3.70%
10/07/2022
|
Paulius Mendelis
Serhant LLC
| ||
05/09/2022
|
Studio
|
1 Bath
|
-
|
$428,000
Studio
1 Bath
|
$400,000
-6.54%
11/01/2022
|
Yue Qi
E Realty International Corp
| ||
05/03/2022
|
2 Bed
|
2 Bath
|
1050 ft²
|
$749,999
2 Bed
2 Bath
1050 ft²
|
$715,000
-4.67%
09/28/2022
|
Mary Torres
Modern Spaces
| ||
04/17/2022
|
2 Bed
|
2 Bath
|
1043 ft²
|
$795,000
2 Bed
2 Bath
1043 ft²
|
$775,000
-2.52%
07/28/2022
|
Patrick W Smith
Corcoran Group
| ||
04/05/2022
|
2 Bed
|
2 Bath
|
-
|
$769,000
2 Bed
2 Bath
|
$755,000
-1.82%
07/25/2022
|
Shadaby Azam
EXP Realty
| ||
03/24/2022
|
1 Bed
|
1 Bath
|
700 ft²
|
$580,000
1 Bed
1 Bath
700 ft²
|
$542,000
-6.55%
08/01/2022
|
Mary Torres
Modern Spaces
| ||
03/22/2022
|
3 Bed
|
2 Bath
|
2200 ft²
|
$1,250,000
3 Bed
2 Bath
2200 ft²
|
$995,000
-20.40%
02/28/2023
|
Maryellen Cashman
Compass
| ||
03/09/2022
|