5-12 47th Avenue #1A
About This Property
All residences feature high (10 foot) ceilings, solid white oak floors throughout and black framed oversize windows. Ranging from 415 to 1,479 square feet, these smartly conceived layouts have been precisely crafted with the most in-demand finishes. The sleek industrial-chic styling is ready for you to make your own. Thoughtfully designed kitchens integrate premium Fisher & Paykel refrigerators, Bertazzoni ranges and microwave drawers, and Bosch dishwashers, with Calcutta Divine countertops. Polished yet practical, your kitchen is ideally suited to preparing that culinary masterpiece or simply brewing up some morning java. Bathrooms are nicely outfitted with 12×4 subway bathroom tile, grid graph flooring in a dark slate gray palette, completed with best-in-class Kohler fixtures, sink and toilet. Every unit includes a washer-dryer hookup. Select apartments are enhanced by outdoor spaces; enjoy a first floor garden area or private rooftop terrace with barbecue grill.
Makers Row puts you front and center in Hunters Point, ideally located, near the waterfront, with close proximity to transportation. Manhattan is easily accessible via the 7, G, E, M and W subway lines. The Long Island City Ferry Terminal at Center Boulevard and 46th Avenue is another option. It's not just a nice view outside a window but something you can reach and feel; Manhattan's East Side is your "backyard"! The vibrant, creative energy of LIC's arts and cultural scene is within reach, renowned museums MoMA PS1 and Culture Lab, along with dining at the beloved Casa Enrique, shopping, parks, and so much more.
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Cap Rate Calculator
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 31, 2024 | Sold | $1,498,000 | |
Sold | |||
Oct 13, 2023 | In contract | - | |
In contract | |||
Oct 2, 2023 | Listed by Modern Spaces | $1,498,000 | |
Listed by Modern Spaces |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/02/2023
|
2 Bed
|
2 Bath
|
1073 ft²
|
$1,440,000
2 Bed
2 Bath
1073 ft²
|
$1,440,000
11/01/2024
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
10/02/2023
|
2 Bed
|
2 Bath
|
1060 ft²
|
$1,425,000
2 Bed
2 Bath
1060 ft²
|
$1,425,000
10/31/2024
|
-
|
Dahui Li
Modern Spaces
| |
10/02/2023
|
2 Bed
|
2 Bath
|
1086 ft²
|
$1,498,000
2 Bed
2 Bath
1086 ft²
|
$1,498,000
10/31/2024
|
-
|
Dahui Li
Modern Spaces
| |
10/02/2023
|
1 Bed
|
1 Bath
|
674 ft²
|
$908,000
1 Bed
1 Bath
674 ft²
|
$887,000
-2.31%
10/24/2024
|
-
|
Dahui Li
Modern Spaces
| |
10/02/2023
|
1 Bed
|
1 Bath
|
656 ft²
|
$880,000
1 Bed
1 Bath
656 ft²
|
$880,000
10/24/2024
|
-
|
Dahui Li
Modern Spaces
|