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for saleRealtyLens property overview
$488,000
4-74 48th Ave Unit 3BB
Long Island City, NY, 11109
View more Long Island City, NY property pagesStudioBeds
1Baths
503Sqft
$970$/sqft
Listing Notes
This sunny studio is on the 3rd floor. This apartment features corner park views, closets, pass through galley kitchen.
Market Insights
Above nearby median+20%
$970/sqft vs a nearby median of $808/sqft.
Nearby median$808/sqft
Nearby properties8
Property size503 sqft
- +20% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 503 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$380k$351k – $409k · 64% confidence
vs ask $488k+$108k (+22.1%)
Asking price is about 22.1% above where comps + adjustments land — there is room to negotiate.
$780/sqft median across 6 tight comps × 503 sqft= $392k
- Transit access+$10k +2.5%
- Days-on-market gravity−$8k −2.0%
- Special flood hazard zone−$8k −2.0%
- Visible condition issues−$6k −1.5%
Cumulative NYC adjustments−$12k−3.0%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 124 days
- Last price change
- No change recorded
- Listed
- Jan 9, 2026
- Photos
- 11 photos
- Property type
- coop
- Status
- for sale
Features & Amenities
Central AirDishwasherForced AirHardwood FloorsPets AllowedViewGarage 1 Or MoreViews
Photos
Price History
May 4, 2026Initial record
$488,000for sale