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48-21 40 St Unit 2C
Listing Notes
Great opportunity to live in this very well-maintained and excellently located building. Bright and airy 1-Bedroom features high ceilings, hardwood floors and ample closet space. Building amenities include: live-in superintendent, laundry, parking (waitlist) and bike room (waitlist). Maintenance: $692.78 includes heat and water. 20% minimum down payment. No Flip Tax. Pet friendly and elevator building. Subletting permitted after two years, subject to Board approval. Close to Greenpoint Avenue, shopping, schools, restaurants, and major highways. Three blocks to #7 subway and bus lines. 15 minutes to midtown Manhattan.
Market Insights
$497/sqft vs a nearby median of $520/sqft.
- -4.4% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 600 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 5.7% below the fair value — likely to draw competing offers if it's still on market.
- Visible condition issues−$12k −3.5%
- Days-on-market gravity−$10k −3.0%
- Transit access+$2k +0.5%
Property Read
The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.
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
- 255 days
- Last price change
- No change recorded
- Listed
- Aug 30, 2025
- Photos
- 12 photos
- Property type
- coop
- Status
- for sale