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38-16 48th Avenue, Long Island City, NY 11101 Property Information

38-16 48th Avenue, Long Island City, NY 11101 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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38-16 48th Avenue, Long Island City, NY 11101 1
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Address

Primary address 38-16 48th Avenue
Secondary address 48-02 39th St
Neighborhood Sunnyside
Zip code 11101
Borough Queens
Block & lot 00231-0027

Sales & Tax Overview for 38-16 48th Avenue, Long Island City

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 06/10/2022
Purchase price $7,500,000
Tax class
Estimated property tax $50,924

Lot & Building Information for 38-16 48th Avenue, Long Island City

Lot sqft 14,000
Lot dimensions 140 ft x 100 ft
Building class Fireproof Warehouse (E1) i
Building sqft 12,700
Building dimensions 140 ft x 70 ft
Buildings on lot 1
Stories 1
Year built 1951
Construction type
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Zoning & Use for 38-16 48th Avenue, Long Island City

Zoning
Qualified opportunity zone
Commercial units 1
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 24
Community district 2
Closest police station 0.86 Miles
Closest fire station 0.36 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 38-16 48th Avenue, Long Island City

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 38-16 48th Avenue, Long Island City, NY 11101, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 38-16 48th Avenue, Long Island City, NY 11101, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 48-02 39th St, Long Island City, NY 11101
  • 38-06 48th Ave, Long Island City, NY 11101

About 38-16 48th Avenue, Long Island City

How many square feet does 38-16 48th Avenue, Long Island City, NY 11101 have?

This Fireproof Warehouse (E1) located at 38-16 48th Avenue, Long Island City, NY 11101 has a total of 12,700 square feet.

What is the year built & the current market value of 38-16 48th Avenue, Long Island City, NY 11101?

38-16 48th Avenue, Long Island City, NY 11101 was built in 1951 and has a current tax assessor's market value of $1,071,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 38-16 48th Avenue, Long Island City

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Property owner name for 38-16 48th Avenue, Long Island City, NY 11101
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Building contacts for 38-16 48th Avenue, Long Island City, NY 11101
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 38-16 48th Avenue, Long Island City

Create a free account to view the complete sales history for 38-16 48th Avenue, Long Island City, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
06/10/2022 $7,500,000

Title Documents for 38-16 48th Avenue, Long Island City

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
02/06/2023 - D
02/16/2023 - R
Deed
(2023021300715001)
06/10/2022 - D
06/23/2022 - R
Deed
(2022061301024002)
02/18/2022 - D
06/23/2022 - R
Power of Attorney
(2022061301024001)
10/06/2015 - D
10/21/2015 - R
Termination of Assign of L&R
(2015101500151002)
10/05/2015 - D
10/21/2015 - R
Satisfaction of Mortgage
(2015101500151001)
05/03/2011 - R UCC3 Termination
(2011033100786001)
04/06/2011 - R Initial UCC1
(2011040500146001)
03/31/2011 - D
05/03/2011 - R
Assignment of Leases and Rents
(2011033100786005)
03/31/2011 - D
05/03/2011 - R
Mortgage
(2011033100786004)
03/16/2011 - D
05/03/2011 - R
Termination of Assign of L&R
(2011033100786003)
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R: Recorded date
D: Document date

Property Taxes for 38-16 48th Avenue, Long Island City

Access detailed property tax data for 38-16 48th Avenue, Long Island City, NY 11101. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $46,463
Estimated property tax: $50,924
Tax assessor's market value: $1,071,000
Assessed value: $481,950

Assessment History for 38-16 48th Avenue, Long Island City

Here's the assessment & property tax history for 38-16 48th Avenue, Long Island City, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $1,071,000 $481,950 $428,310 10.848% $46,463 $46,463 +2.54%
2024/25 $980,000 $441,000 $421,020 10.762% $45,310 $45,310 +2.06%
2023/24 $1,065,000 $479,250 $419,130 10.592% $44,394 $44,394 +3.42%
2022/23 $896,000 $403,200 $403,200 10.646% $42,925 $42,925 +18.73%
2021/22 $747,000 $336,150 $336,150 10.755% $36,153 $36,153 -18.78%

Permits for 38-16 48th Avenue, Long Island City

The complete history of permits filed for 38-16 48th Avenue, Long Island City, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
08/20/2021 Alteration
01/11/2006 Alteration type 2
05/16/1997 Alteration type 3
05/14/1997 Alteration type 2
08/20/1991 Alteration type 2
04/02/1990 Alteration type 2
03/29/1990 Alteration type 2
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Queens Commercial Market Stats

Access a detailed real estate market overview of Queens so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Queens and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$431
-0.5% YoY
Median Price/Sqft Q2/2025
$449
9.9% YoY
Median Price/Sqft 2024
$413
0.5% YoY

Check out recently sold homes in Queens and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station 40th St & Queens Blvd at SW Corner
Station lines 7
Distance (miles) 0.302
View subway map
Bus Routes
Name 48 Av/39 St
Distance (miles) 0.034

Neighbors for 38-16 48th Avenue, Long Island City

Here are the neighbors for 38-16 48th Avenue, Long Island City, NY 11101.

Address Square feet Purchase date Purchase price
48-26 39th St, Sunnyside 2,407 02/29/2024 $1,060,000
48-36 39th St, Sunnyside 1,777 04/09/2019 $969,000
48-25 38th St, Long Island City 1,750 05/02/2019
48-33 38th St, Long Island City 1,925 08/07/2012
48-37 38th St, Long Island City 1,750 09/27/2017
48-43 38th St, Long Island City 1,925 08/28/2014 $731,250
48-20 39th St, Sunnyside 2,636 09/02/1998
48-38 39th St, Sunnyside 1,725 03/03/2023 $950,000
48-12 39th St, Sunnyside 1,517 10/12/1978
48-18 39th St, Sunnyside 2,112 10/17/2013 $700,000
48-17 38th St, Long Island City 1,980 04/03/1974
48-32 39th St, Sunnyside 1,725 01/02/2025
48-21 38th St, Long Island City 1,925 08/09/2002
48-41 38th St, Long Island City 1,925 07/09/2020 $890,000
48-24 39th St, Sunnyside 2,178 10/28/2020
48-01 38th St, Long Island City 4,000 09/05/1973
48-29 38th St, Long Island City 1,925 06/16/1982
48-22 39th St, Sunnyside 2,178 01/09/1969
48-28 39th St, Sunnyside 1,725 02/21/2023 $975,000
48-39 38th St, Long Island City 1,925 05/06/1991
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