Queens » 11101 » 48th Ave » 3131 48th Ave

31-31 48th Avenue, Long Island City, NY 11101 - Property report

Also known as: 47-31 31st Pl

Property image for 31-31 48th Avenue, Long Island City, NY 11101

Property type

Factory - Heavy Manufacturing (Fireproof) (F1)

Year built

1939

Lot sq. ft.

27,000

Sale price

$11,500,000

General information

Address

Primary address

31-31 48th Avenue

Alternate address(es)

31-27 - 31-31 48th Ave
47-31 - 47-57 31st Pl
47-57 48th Ave

ZIP code

11101

Neighborhood

Sunnyside

Borough

Queens

Block & lot

00280-0005

Building

Property type

Factory - Heavy Manufacturing (Fireproof) (F1)

Building sq. ft.

29,250

Building dimensions

90 ft x 300 ft

Buildings on lot

Stories

Year built

1939

Building material

Sales

Sale date

01/05/2024

Sale price

$11,500,000

Tax

Tax year

2026-2027

Property tax

$179,379

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

90 ft x 300 ft

Lot sq. ft.

27,000

Area overview

Walk score

85 /100. Very Walkable

Transit score

99 /100. Rider's Paradise

Bike score

76 /100. Very Bikeable

School district

Community district

Closest police station

0.88 Miles

Closest fire station

0.34 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 31-31 48th Avenue, Long Island City, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 31-31 48th Avenue, Long Island City, NY 11101

Sale date	Sale price	Buyer name	Seller name
01/05/2024	$11,500,000	XX XXXXXXX XXX	XXXXX, XXXX X XXX XXX XXXXX, XXXXXX
04/13/2006	$5,530,000	XXXXXX XXXXXX XXXXXX XXX	XXX XXXXXXX XXXXXX XXXXXXX XXXXXXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/26/2026 - R	Initial UCC1 (2026062501077001)	XXXXXX XXXXXX XXXXXX XXX	XXXXXXXXX XXXXXXXXXX XXX
05/05/2025 - R 04/25/2025 - D	Termination of Assign of L&R (2025043000248004)	XXXXXXXXXXXX XXXXXXXXXX XXXX	XX XXXXXXX XXX
05/05/2025 - R 04/25/2025 - D	Assignment of Leases and Rents (2025043000248003)	XX XXXXXXX XXX	XXXXXXXXXXXX XXXXXXXXXX XXXX
05/05/2025 - R 04/25/2025 - D	Agreement (2025043000248002)	XX XXXXXXX XXX	XXXXXXXXXXXX XXXXXXXXXX XXXX
05/05/2025 - R 04/25/2025 - D	Mortgage (2025043000248001)	XX XXXXXXX XXX	XXXXXXXXXXXX XXXXXXXXXX XXXX
01/24/2024 - R	Initial UCC1 (2024011100637005)	XX XXXXXXX XXX	XXXXXXXXXXXX XXXXXXXXXX XXXX
01/24/2024 - R 01/05/2024 - D	Assignment of Leases and Rents (2024011100637004)	XX XXXXXXX XXX	XXXXXXXXXXXX XXXXXXXXXX XXXX
01/24/2024 - R 01/05/2024 - D	Mortgage (2024011100637003)	XX XXXXXXX XXX	XXXXXXXXXXXX XXXXXXXXXX XXXX
01/24/2024 - R 01/05/2024 - D	Deed (2024011100637002)	XXXXX XXXXXX	XX XXXXXXX XXX
01/24/2024 - R 01/05/2024 - D	Deed (2024011100637001)	XXXXXX X XXXXXXX XX XX XXXXXXXX	XXXXX XXXX X XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 31-31 48th Avenue, Long Island City, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$179,379

Municipal exemptions

Recent tax assessments

Market value

$4,081,000

Assessed value

$1,836,450

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$3,916,000	$1,762,200	$1,526,760	10.848%	$165,623	$165,623	+3.65%
2024/25	$3,808,000	$1,713,600	$1,484,730	10.762%	$159,787	$159,787	+5.89%
2023/24	$3,358,000	$1,511,100	$1,424,610	10.592%	$150,895	$150,895	+1.74%
2022/23	$3,210,000	$1,444,500	$1,393,110	10.646%	$148,310	$148,310	+14.69%
2021/22	$2,672,000	$1,202,400	$1,202,400	10.755%	$129,318	$129,318	-12.48%
2020/21	$3,449,000	$1,552,050	$1,381,730	10.694%	$147,762	$147,762	+7.76%
2019/20	$3,140,000	$1,413,000	$1,301,320	10.537%	$137,120	$137,120	+4.78%
2018/19	$3,008,000	$1,353,600	$1,244,720	10.514%	$130,870	$130,870	+2.30%
2017/18	$3,142,000	$1,413,900	$1,216,780	10.514%	$127,932	$127,932	+0.15%
2016/17	$3,141,000	$1,413,450	$1,208,050	10.574%	$127,739	$127,739	+1.93%

Permits

Permit information for 31-31 48th Avenue, Long Island City, NY

Filing date	Job type	Job status	Job description	Initial cost
01/31/2022	Alteration
11/19/2021	Alteration
09/08/2005	Alteration type 2
08/30/2005	Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	08/02/2022	Bench-failure to benchmark none
	08/03/2020	Bench-failure to benchmark
	05/03/2020	Bench-failure to benchmark

*Most recent DOB violations on record for this property.

Listings

Neighborhood

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

33rd St & Queens Blvd at NW Corner

Station lines

Distance (miles)

0.26

View subway map

Access the detailed traffic volume map for 31-31 48th Avenue, Long Island City, NY 11101 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Frequently asked questions

What is the year built for 31-31 48th Avenue, Long Island City, NY 11101?

The development at 31-31 48th Avenue, Long Island City, NY 11101 was built in 1939.

What is the market value of 31-31 48th Avenue, Long Island City, NY 11101?

The current market value of 31-31 48th Avenue, Long Island City, NY 11101 is $4,081,000.

What is the total square footage of 31-31 48th Avenue, Long Island City, NY 11101?

31-31 48th Avenue, Long Island City, NY 11101 has a total of 29,250 square feet.

What is the price per square foot for this property?

$393 per square foot is the price for 31-31 48th Avenue, Long Island City, NY 11101.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 6.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.