--- title: "5-46 50th Avenue, New York City, NY 11101" description: "5-46 50th Avenue, New York City, NY 11101 — Long Island City, New York City, NY. Last Sold Price $4,600,000. Sold on 8/5/2026. 6 bed, 6 bath, 5,190 sqft" url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-46-50th-avenue-ny-11101" source: "Real Estate Rebate Team" status: "Closed" --- # 5-46 50th Avenue, New York City, NY 11101 Long Island City, New York City, NY Courtesy of Compass ## At a Glance - **Last Sold Price**: $4,600,000 - **Status**: Sold on 8/5/2026 - **Beds**: 6 - **Baths**: 6 - **Sqft**: 5,190 - **Common Charges**: $1,522 / mo - **Price per Sqft**: $886 - **Brokerage Fee**: Share Eligible This listing was successfully closed and is no longer active on the market. [Planning to sell? Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) ## Photos (2) ![5-46 50th Avenue, New York City, NY 11101 — photo 1 of 2](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7e867f1e-e72e-4cae-b6fa-e5cdee85a8cb.jpg) ![5-46 50th Avenue, New York City, NY 11101 — photo 2 of 2](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/88c80fb7-eed7-4914-8b88-ba33ac0c0fff.jpg) ## Property Overview PETS ALLOWED CONFIDENTIAL EXECUTIVE OVERVIEW This Mixed-use investment opportunity is situated in one of Long Island City’s most established and supply-constrained corridors, just moments from Vernon Boulevard and the East River waterfront. The location benefits from strong residential density, consistent retail foot traffic, and immediate proximity to transportation, open space, and neighborhood amenities. The property spans approximately 5,190 square feet on a 2,500-square-foot lot and is configured as a 25-foot-wide building consisting of: Ground-floor retail Rear artist studio Four free-market residential apartments above The asset offers a balanced profile of durable in-place income and near-term residential lease-up potential within a submarket that continues to demonstrate long-term rental depth and capital demand. PROPERTY OVERVIEW Lot Size: 2,500 SF Building Dimensions: 25 ft x 42 ft Current Building Area: 5,190 SF Building Class: S3 – Primarily Four-Family with One Store & Office Zoning: M1-4 / R6B The property’s configuration allows for stable retail income at the base while preserving residential upside. The building width and layout provide efficient residential floor plates relative to many narrower mixed-use assets within the submarket. INCOME PROFILE & CAP RATE ANALYSIS The property currently generates: In-Place Gross Revenue: $326,724 Expenses: $39,167 In-Place Net Operating Income: $287,557 Upon stabilization of the residential units to market levels: Pro Forma Gross Revenue: $342,320 Pro Forma Net Operating Income: $303,160 This supports a pro forma capitalization rate of approximately 5.5%. RESIDENTIAL COMPONENT The four residential units are fully free-market and currently vacant. This presents an immediate opportunity to lease at prevailing market rents without regulatory restrictions. Recent leasing benchmarks in the Vernon Boulevard / waterfront corridor indicate: $70–$85 per square foot annually One-bedroom units: approximately $3,400–$4,200 per month Two-bedroom units: approximately $4,800–$6,000+ per month Absorption within boutique buildings lacking full-service amenities remains steady due to strong tenant demand for proximity to the waterfront, Midtown Manhattan access, and neighborhood retail offerings. The free-market nature of the residential units enhances flexibility and reduces regulatory exposure relative to rent-stabilized or partially regulated assets. COMMERCIAL TENANCY This provides predictable cash flow through the remaining lease term while preserving future flexibility for repositioning. Retail corridors along Vernon Boulevard have demonstrated resilience due to consistent pedestrian traffic, growing residential density, and limited available frontage. The absence of a renewal clause allows ownership to reassess tenant mix and rental economics at lease expiration. ZONING & STRATEGIC OPTIONALITY The property is located within an M1-4 / R6B zoning district. This dual zoning structure supports continued mixed-use occupancy and offers strategic long-term flexibility, subject to customary approvals. Investors may consider multiple strategies: - Hold and stabilize for durable cash flow - Incrementally enhance residential revenue - Reposition the commercial component upon lease expiration - Evaluate longer-term redevelopment potential This flexibility adds structural value beyond the current income stream. SUBMARKET FUNDAMENTALS Long Island City continues to benefit from: - Proximity to Midtown Manhattan (one subway stop) - Capital demand in LIC has remained resilient due to its combination of accessibility, rental depth, and waterfront positioning. The Vernon Boulevard corridor in particular remains one of the submarket’s most sought-after residential pockets. ## Property Details - **Property Type**: Mixed Use - **Beds**: 6 - **Baths**: 6 - **Rooms**: 14 - **Sqft**: 5,190 sqft - **Stories**: 3 - **Year Built**: 1931 - **Price per Sqft**: $886 - **Common Charges**: $1,522 / Monthly - **Listed On**: Mar 2, 2026 - **Days on Market**: 199 Days ### Residence Features - In Unit - See Remarks - Private Outdoor Space Over 60 Sqft - Built-in Features - Crown Molding - High Ceilings - Partial ## Estimated Monthly Payment **$24,782 / month**, assuming a 20% down payment ($920,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $23,260 - **Common Charges**: $1,522 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales One apartment at 5-46 50th Avenue has a recorded sale since September 2021, the most recent for $4,600,000 in August 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | Entire property (Mixed Use) | 6 | 5,190 | $4,600,000 | $886/ft² | August 5, 2026 | MLS | Sales data through August 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 5-46 50th Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-46-50th-avenue) ## Price and Property History for 5-46 50th Avenue Review the recorded listing activity for 5-46 50th Avenue, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $350,000, or 7.1%, on August 5, 2026 - **Originally listed**: February 9, 2026 at $4,950,000 - **Last sold**: $4,600,000 on August 5, 2026 | Date | Price | Listing event | | --- | --- | --- | | August 5, 2026 | $4,600,000 | Sold | | August 5, 2026 | $4,600,000 | Asking price reduced by $350,000, or 7.1% | | June 22, 2026 | $4,950,000 | Entered contract | | June 2, 2026 | $4,950,000 | Asking price reduced by $550,000, or 10% | | February 9, 2026 | $4,950,000 | Listed for sale by Compass | ## Property Tax History Taxes at 5-46 50th Avenue were $19,781 in 2026, up 7.8% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $788,850 | $268,200 | $520,650 | $158,246 | $19,781 | 12.5% (estimated) | | 2025 (FY 2025/26) | $744,750 | $268,200 | $476,550 | $146,827 | $18,353 | 12.5% (estimated) | | 2024 (FY 2024/25) | $930,960 | $268,200 | $662,760 | $146,827 | $18,353 | 12.5% | | 2023 (FY 2023/24) | $775,800 | $268,200 | $507,600 | $141,930 | $17,744 | 12.502% | | 2022 (FY 2022/23) | $646,650 | $268,200 | $378,450 | $131,451 | $16,125 | 12.267% | | 2021 (FY 2021/22) | $705,150 | $268,200 | $436,950 | $121,728 | $14,893 | 12.235% | | 2020 (FY 2020/21) | $684,450 | $268,200 | $416,250 | $112,944 | $13,855 | 12.267% | | 2019 (FY 2019/20) | $570,240 | $268,200 | $302,040 | $112,944 | $14,088 | 12.473% | | 2018 (FY 2018/19) | $109,177 | — | — | $109,177 | $13,769 | 12.612% | | 2017 (FY 2017/18) | $101,116 | — | — | $101,116 | $12,861 | 12.719% | | 2016 (FY 2016/17) | $93,637 | — | — | $93,637 | $12,072 | 12.892% | | 2015 (FY 2015/16) | $86,880 | — | — | $86,880 | $11,193 | 12.883% | | 2014 (FY 2014/15) | $86,880 | — | — | $86,880 | $11,168 | 12.855% | | 2013 (FY 2013/14) | $83,983 | — | — | $83,983 | $11,040 | 13.145% | | 2012 (FY 2012/13) | $77,782 | — | — | $77,782 | $10,252 | 13.181% | | 2011 (FY 2011/12) | $72,029 | — | — | $72,029 | $9,676 | 13.433% | | 2010 (FY 2010/11) | $66,831 | — | — | $66,831 | $8,924 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 4000330043. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 5-46 50th Avenue Long Island City · Mixed Use 5-46 50th Avenue, Long Island City, NY 11101 A building in Long Island City, currently featuring 0 active listings. - **Year Built**: 1931 - **Active Units**: 0 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-46-50th-avenue) ### Available Residences — For Sale (0) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | ### Recently Sold (1) | Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-46-50th-avenue-ny-11101) | 6 | 6 | 5,190 sqft | $886 | $4,600,000 | Compass | Mar 2, 2026 | Aug 5, 2026 | ## Long Island City Overview of Long Island City [Explore Long Island City](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/long-island-city) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Long Island City - [Roosevelt Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/roosevelt-island) - [Sunnyside real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/sunnyside) - [Astoria real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/astoria) - [Greenpoint real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/greenpoint) - [Woodside real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/woodside) - [Upper East Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-east-side) ## Related Links - [5-46 50th Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-46-50th-avenue) - [Long Island City neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/long-island-city) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.