---
title: "48-11 37th Street, Long Island City, NY 11101"
description: "48-11 37th Street, Long Island City, NY 11101 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,250,000. Est. potential buyer savings up to $31,250 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/48-11-37th-street-ny-11101"
source: "Real Estate Rebate Team"
---

# 48-11 37th Street, Long Island City, NY 11101

> **Listing Courtesy of:** Serene Powers Real Estate LLC

## Description

Rare 3-Story Single-Family Home  Private Garage  Development Potential  Steps to 7 Train

Welcome to 48-11 37th Street, Long Island City  a rarely available, freestanding three-story home offering 2,718 sq ft of living space, a full basement, and a detached private garage, all on a generous 4,000 sq ft lot with outdoor space.

Built in 1900 and lovingly maintained, this home offers timeless character with the space and privacy that's hard to come by in NYC. Steps from the 7 train at 33 StRawson St, with direct service to Grand Central and Times Square  putting Midtown Manhattan around 30 minutes away.

Key features:
 2,718 sq ft across three floors
 Full basement  ideal for storage, gym, or recreation
 Detached private garage
 4,000 sq ft lot with outdoor space (40 ft  100 ft)
 Low annual property taxes: $5,510
 ~30 min to Midtown

Development potential:
 The home currently uses 2,720 sq ft of the 6,000 sq ft the zoning allows  meaning there's room to add up to 3,280 sq ft of additional space without needing a zoning variance
 R5 zoning with a residential FAR of 1.25
 Located within a federally designated Opportunity Zone  potential tax advantages for investors and developers
 A turnkey home today with serious upside for tomorrow

3D Tour Upon Request

## Property Details

- **Price**: $1,250,000
- **Potential Buyer Rebate**: $31,250
- **Bedrooms**: 4
- **Bathrooms**: 3 full, 1 half
- **Living Area**: 2,718 sqft
- **Property Type**: Residential
- **Year Built**: 1900
- **Building**: 48-11 37th Street
- **Neighbourhood**: Long Island City
- **Area / Borough**: Queens
- **Subdivision**: Long Island City
- **Listing Office**: Serene Powers Real Estate LLC
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$31,250** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/queens/48-11-37th-street)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/queens/long-island-city)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.