Vernon 3

Vernon 3 is a condo located 5-30 47th Avenue, in Hunters Point, Long Island City.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. Better yet, washer and dryers are allowed in each unit. Alternatively, take a stroll around the building's garden. Residents who own pets will be happy to hear that the building is pet-friendly. There are 9 closings on record, of which we have matching data for 7 listings. In the past 3 years, a listing in this building will typically remain on the market for about 140 days Meaning, listings tend to sell at a median of $1,183 price per square foot. The transaction that took the longest to complete was unit 1A, listed on Mar 04, 2019 for $829,000. This particular unit ultimately sold 238 days later for $787,107. The most recent transaction was for unit 1B, which was first advertised on Oct 20, 2023, sold for $1,525,000 on Feb 14, 2024. Fun fact, the oldest transaction we have on record took place on Aug 09, 2011. See the full transaction history for Vernon 3 below.

Hunters Point, where 5-30 47th Avenue is located, has a median asking price of $749,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,249,000. For interested buyers, that means the building's median asking price is around 2.57% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit 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.