474 48th Avenue

474 48th Avenue is a condo located in Hunters Point, Long Island City. The building was first built in 1996 and is 28 years old. It was first renovated and altered in 2011. The lot that the building was built on is 156 feet wide and 459 feet long. The official lot area is listed as 80,634 square feet. The building itself is 156 feet wide and 400 feet long. In total, 474 48th Avenue has a total floor area of 724,475 square feet. Of that, 505,505 square feet are used for residential purposes. About 218,970 square feet of the building are used for commercial purposes. Additionally, the building has a 168,980 square feet garage. There are a total of 536 units. Of those, 522 are residential units. There are 14 commercial units. 474 48th Avenue has a total of 42 floors. Thankfully, the building is equipped with elevator service. Residents can acccess the 5 elevators in 474 48th Avenue.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Both dogs and cats are allowed in the building! There are 556 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 194 days and tend to sell above the original asking price of $542,000 by 3.49%. The transaction that took the longest to complete was unit 14L, listed on Oct 22, 2020 for $459,000. This particular unit ultimately sold 201 days later for $475,000. The most recent transaction was for unit 5P, sold for $450,000 on Feb 22, 2024. Fun fact, the oldest transaction we have on record took place on Oct 29, 1971. See the full transaction history for 474 48th Avenue below.

Hunters Point, where 474 48th Avenue is located, has a median asking price of $749,000 for condo buildings. Meanwhile, the building itself has a median asking price of $542,000. For interested buyers, that means the building's median asking price is around 0.28% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.