








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Long Island City at 4-74 48th Ave UNIT PH4D, Long Island City, NY, 11101 offers a 7.78% rental yield on a $768,000 purchase with $4,980/mo rent. 8% in year one. Equity gained on principal adds $4,956/yr while 5% annual appreciation supports $212,184 over five years. Portfolio math shows five-year ROI at 27.7% and total cumulative return in cash at $70,001. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,980/mo property income against a $3,759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1996
N/A lot
$N/A/sqft
$3,065 monthly HOA
Neighborhood data shown for ZIP Code: 11101, Long Island City, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,671 (100%) |
| Owner Occupied HU | 2,801 ( 9.4%) |
| Renter Occupied HU | 23,413 (78.9%) |
| Vacant Housing Units | 3,457 (11.7%) |
| Median Home Value | $1,141,450 |
| Average Home Value | $1,179,647 |
Residential
30,207
Single Family
1,107
Multi-Family
29,100
Businesses
3,935
Date | Event | Price |
|---|---|---|
| 2025-06-04 | Price change | $768,000 |
| 2025-04-10 | Listed for rent | $5,000 |
| 2024-08-19 | Price change | $675,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Kenneth King • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1774738