474 48th Ave Unit 7E · New York, NY 11109

$765,000

2 bd · 1.0 ba · 800 sqft · Condo · 33 Days on market

Built 1998

---

Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• 1% rule +3.2/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Cash flow +1.9/30.0
• DSCR +0.0/10.0

Listing remarks MLS

OPEN HOUSES CANCELLEDWelcome to Long Island City! Pick up the keys and move right in! We invite you to schedule a private viewing of this newly renovated, modern, excellent condition, 2-bedroom, 1-bath at Citylights, where you can enjoy breathtaking Manhattan & East River views. This is one of only two buildings directly on the LIC waterfront with apartments available for purchase. This home has an efficient layout boasting a roomy living/dining room combo; the open chef’s kitchen boasts custom cabinets, complete with top quality Ceaserstone countertops. Stainless steel appliances featuring full sized GE refrigerator, Bosch dishwasher and Samsung chef 5 burner stove with convection & warming/broiler oven. Enjoy your coffee from the custom coffee bar and relax with a glass of wine from Summit wine refrigerator. Perfect for entertaining friends and family. A large row of closets line the entry foyer – a generous linen closet sits near the bathroom and a wall of closets in the primary king sized bedroom offers abundant space to store your clothes. The spacious living room with great wall space for even the largest of flat screen TV’s. 2nd Bedroom features sliding pocket door so you don’t lose an inch of space! Work from home and zoom in privacy from your home office or 2nd bedroom large enough for a full sized bedCitylights, Long Island City’s first luxury high-rise residence; designed by famed Argentine-American architect Cesar Pelli. This Condop has NO BOARD INTERVIEW required. The building comes with amenities galore! Enjoy the outdoor tennis court, FREE GYM – staffed & fully-equipped with 2 Peloton cycles, well maintained cardio machines and Star Trac Fitness Equipment, free weight room, yoga/workout studio, saunas, showers, and lockers. Building amenities also include a 24/7 doorman/concierge, a five-level indoor garage (residents enjoy a reduced rate of only $149/mo), a meeting room, and bike storage. A Citylights 2 Bedroom home Total maintenance * of $2,053, is about 24-55% tax-deductible. * Maintenance is inclusive of building’s real estate tax obligation. Live in Long Island City – Minutes to Midtown!Enjoy famous NYC skyline sunsets from the comfort of your apartment. Join the VIBRANT NEIGHBORHOOD of Long Island City, close to shops, restaurants, and attractions. Convenient to the Vernon Boulevard-Jackson Avenue 7 Train Subway with access to E, M, G, and N, NYC Ferry service to Manhattan, and easy access to Long Island Expressway (495 LIE) and BQE. This exciting neighborhood is waiting for your arrival.

Key facts

• Garage
• Built 1998
• Listed 33 days

Property features AI

Exterior

• Parking: Garage
• Utilities: Con-Edison electric; Public sewer; Cable available; Electricity connected; Natural gas connected; Water connected
• Home design: Stock cooperative
• Construction: Block and ICF construction
• Exterior features: Block construction; Insulated concrete forms (ICFs); Not waterfront

Interior

• Kitchen: Dishwasher; Gas range; Stainless steel appliances
• Bedrooms: Entry level: 7; Total rooms: 4
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Wall/window cooling unit(s)
• Interior features: Open kitchen; ENERGY STAR qualified windows; Common area laundry; Number-limit pets allowed
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $765k.

Deal economics

• At list price, monthly cash flow is $-3k ($-39k/yr) — negative.
• To cash-flow at today's rent, offer at most $655k (14.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $627k (18.0% below list).
• Recommended offer: $627k (18.0% below list) — sets the bar for 1% rule.
• Cap rate 1.8% vs local median 2.6% in New York — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising (+2.0%/yr); 15 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• This rent runs 37% of the median local income ($205k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $28k of equity ($5k loan paydown + $23k appreciation (3.0% local appreciation)).
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($742k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 40% of rent.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $627,098 (18.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.82% ✗
• Cap rate: 1.83%
• Cash-on-cash: -15.93%
• DSCR: 0.29
• GRM: 10.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.0% appreciation · 2.04% rent growth · sell at horizon

5-year hold

• IRR: -9.7%
• Equity multiple: 0.44×
• Total profit: $-120,226
• Equity at exit: $343,977

10-year hold

• IRR: -4.2%
• Equity multiple: 0.34×
• Total profit: $-141,381
• Equity at exit: $530,110

Cash invested: $214,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 11109

• Rents YoY: 2.0%
• Active inventory: 15
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $6,271 high
• Mortgage (P&I): −$4,012
• Tax est. 1.5%: −$956 /mo · $11,475/yr
• Insurance: −$319
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA est. from 2 same-building comps: −$2,511
• Vacancy / Maint / Mgmt: −$1,317
• Net cashflow: $-3,270

Break-even live

Break-even rent $10,410

Max offer price $291,795

Occupancy floor —

Sensitivity live

Price	-10% $-2,742	-5% $-3,006	+0% $-3,270	+5% $-3,535	+10% $-3,799
Rent	-10% $-3,766	-5% $-3,518	+0% $-3,270	+5% $-3,023	+10% $-2,775
Rate	-1.0pp $-2,885	-0.5pp $-3,076	base $-3,270	+0.5pp $-3,468	+1.0pp $-3,670

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $191,250
• Closing costs: $22,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
475 48th Ave Long Island City, NY	3.0	1.0–3.0	1293	$7,173	$5.55	2d	1	0.08mi
1 Bell Slip Brooklyn, NY	2.0	1.0–2.0	766	$7,462	$9.74	2d	7	0.47mi
1 Blue Slip Brooklyn, NY	2.0	1.0–2.0	834	$7,548	$9.04	2d	13	0.52mi
2 Blue Slip Brooklyn, NY	2.0	1.0–2.0	819	$8,221	$10.04	2d	7	0.54mi
3 Court Sq W #907 Long Island City, NY	2.0	2.0	930	$6,300	$6.77	25d	1	0.71mi
401 E 34th St New York, NY	3.0	1.0–2.0	887	$7,340	$8.27	2d	55	0.82mi
330 E 46th St #1794 New York, NY	1.0	1.0	489	$4,990	$10.19	25d	2	0.82mi
2719 44th Dr Long Island City, NY	1.0	1.0	628	$4,945	$7.87	8d	2	0.82mi
500 E 54th St Unit 601 New York, NY	3.0	2.0	860	$7,390	$8.59	8d	1	0.83mi
399 E 34th St Unit 1025362P New York, NY	1.0	1.0	570	$9,174	$16.09	22d	1	0.85mi
940 1st Ave Unit 2040 New York, NY	2.0	1.5	600	$7,500	$12.50	2d	1	0.86mi
420 E 54th St New York, NY	3.0	1.0–2.5	1104	$10,299	$9.32	1d	14	0.87mi
300-302 E 46th St Unit 12J New York, NY	3.0	1.0	900	$8,000	$8.89	5d	1	0.88mi
300 E 46th St New York, NY	2.0–3.0	1.0	716	$4,300	$6.00	25d	2	0.89mi
599 E 56th St Unit 1817 New York, NY	1.0	1.0	625	$4,850	$7.76	25d	1	0.89mi
301 E 47th St #1737 New York, NY	2.0	1.0	600	$5,380	$8.97	21d	1	0.90mi
340 E 51st St New York, NY	2.0	1.0–2.0	791	$7,630	$9.65	4d	3	0.91mi
959 1st Ave Unit 6X New York, NY	1.0	1.0	739	$6,000	$8.12	25d	1	0.91mi
340 E 52nd St #1527 New York, NY	1.0	1.0	575	$8,080	$14.05	2d	2	0.91mi
279 E 44th St #894 New York, NY	1.0	1.0	950	$7,190	$7.57	6d	1	0.92mi
412 E 55th St New York, NY	1.0	1.0	767	$5,250	$6.84	25d	1	0.92mi
885 Main St #705 New York, NY	2.0	2.0	1100	$4,950	$4.50	25d	1	0.92mi
885 Main St Unit 6B New York, NY	2.0	2.0	950	$5,320	$5.60	12d	1	0.92mi
30 Waterside Plz New York, NY	2.0	1.0–2.0	743	$6,598	$8.88	2d	33	0.94mi
333 E 52nd St Unit 2177 New York, NY	2.0	1.0	600	$4,900	$8.17	22d	1	0.94mi
230 E 44th St #2165 New York, NY	1.0–2.0	1.0	568	$5,320	$9.36	25d	2	0.94mi
300 E 51st St New York, NY	2.0	1.0–2.0	875	$7,930	$9.06	3d	3	0.96mi
250 E 49th St Unit 4A New York, NY	1.0	1.0	802	$6,400	$7.98	25d	1	0.97mi
20 Waterside Plz #978 New York, NY	1.0	1.0	682	$4,760	$6.98	6d	1	0.98mi
222 E 39th St New York, NY	1.0–4.0	1.0–2.0	1100	$6,133	$5.58	3d	20	0.99mi
222 E 39th St New York, NY	1.0–4.0	1.0–2.0	1100	$6,783	$6.17	21d	19	0.99mi
222 E 39th St New York, NY	4.0	1.0–2.0	1100	$6,972	$6.34	11d	19	0.99mi
222 E 39th St New York, NY	1.0–4.0	1.0–2.0	1100	$6,783	$6.17	25d	18	0.99mi
222 E 39th St New York, NY	1.0–4.0	1.0–2.0	1100	$6,850	$6.23	6d	19	0.99mi
400 E 57th St #2106 New York, NY	2.0	1.0–2.0	903	$8,590	$9.51	4d	3	1.01mi
220 E 49th St Unit 1021974P New York, NY	2.0	1.0	742	$5,190	$6.99	15d	1	1.02mi
250 E 53rd St #403 New York, NY	1.0	1.0	823	$5,850	$7.11	25d	1	1.04mi
222 E 34th St #999 New York, NY	1.0	1.0	554	$5,490	$9.91	6d	1	1.05mi
556 3rd Ave New York, NY	1.0	1.0	540	$5,635	$10.44	2d	2	1.08mi
556 3rd Ave New York, NY	1.0	1.0	580	$5,240	$9.03	20d	2	1.08mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: watergymdoorman
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 30 events

1. 2026-06-10
   statusdays on market $765,000 Pending 33 DOM
2. 2026-06-08
   days on market $765,000 Active 32 DOM
3. 2026-06-08
   days on market $765,000 Active 31 DOM
4. 2026-06-04
   days on marketlisting id $765,000 Active 28 DOM
5. 2026-06-03
   days on market $765,000 Active 19 DOM
6. 2026-06-02
   days on market $765,000 Active 18 DOM
7. 2026-06-01
   days on market $765,000 Active 17 DOM
8. 2026-05-31
   days on market $765,000 Active 16 DOM
9. 2026-05-15
   status Active 2622-char remark

   Show marketing remark (2622 chars)

   OPEN HOUSES CANCELLEDWelcome to Long Island City! Pick up the keys and move right in! We invite you to schedule a private viewing of this newly renovated, modern, excellent condition, 2-bedroom, 1-bath at Citylights, where you can enjoy breathtaking Manhattan & East River views. This is one of only two buildings directly on the LIC waterfront with apartments available for purchase. This home has an efficient layout boasting a roomy living/dining room combo; the open chef’s kitchen boasts custom cabinets, complete with top quality Ceaserstone countertops. Stainless steel appliances featuring full sized GE refrigerator, Bosch dishwasher and Samsung chef 5 burner stove with convection & warming/broiler oven. Enjoy your coffee from the custom coffee bar and relax with a glass of wine from Summit wine refrigerator. Perfect for entertaining friends and family. A large row of closets line the entry foyer – a generous linen closet sits near the bathroom and a wall of closets in the primary king sized bedroom offers abundant space to store your clothes. The spacious living room with great wall space for even the largest of flat screen TV’s. 2nd Bedroom features sliding pocket door so you don’t lose an inch of space! Work from home and zoom in privacy from your home office or 2nd bedroom large enough for a full sized bedCitylights, Long Island City’s first luxury high-rise residence; designed by famed Argentine-American architect Cesar Pelli. This Condop has NO BOARD INTERVIEW required. The building comes with amenities galore! Enjoy the outdoor tennis court, FREE GYM – staffed & fully-equipped with 2 Peloton cycles, well maintained cardio machines and Star Trac Fitness Equipment, free weight room, yoga/workout studio, saunas, showers, and lockers. Building amenities also include a 24/7 doorman/concierge, a five-level indoor garage (residents enjoy a reduced rate of only $149/mo), a meeting room, and bike storage. A Citylights 2 Bedroom home Total maintenance * of $2,053, is about 24-55% tax-deductible. * Maintenance is inclusive of building’s real estate tax obligation. Live in Long Island City – Minutes to Midtown!Enjoy famous NYC skyline sunsets from the comfort of your apartment. Join the VIBRANT NEIGHBORHOOD of Long Island City, close to shops, restaurants, and attractions. Convenient to the Vernon Boulevard-Jackson Avenue 7 Train Subway with access to E, M, G, and N, NYC Ferry service to Manhattan, and easy access to Long Island Expressway (495 LIE) and BQE. This exciting neighborhood is waiting for your arrival.

10. 2026-05-14
    historical 2622-char remark

    Show marketing remark (2622 chars)

    OPEN HOUSES CANCELLEDWelcome to Long Island City! Pick up the keys and move right in! We invite you to schedule a private viewing of this newly renovated, modern, excellent condition, 2-bedroom, 1-bath at Citylights, where you can enjoy breathtaking Manhattan & East River views. This is one of only two buildings directly on the LIC waterfront with apartments available for purchase. This home has an efficient layout boasting a roomy living/dining room combo; the open chef’s kitchen boasts custom cabinets, complete with top quality Ceaserstone countertops. Stainless steel appliances featuring full sized GE refrigerator, Bosch dishwasher and Samsung chef 5 burner stove with convection & warming/broiler oven. Enjoy your coffee from the custom coffee bar and relax with a glass of wine from Summit wine refrigerator. Perfect for entertaining friends and family. A large row of closets line the entry foyer – a generous linen closet sits near the bathroom and a wall of closets in the primary king sized bedroom offers abundant space to store your clothes. The spacious living room with great wall space for even the largest of flat screen TV’s. 2nd Bedroom features sliding pocket door so you don’t lose an inch of space! Work from home and zoom in privacy from your home office or 2nd bedroom large enough for a full sized bedCitylights, Long Island City’s first luxury high-rise residence; designed by famed Argentine-American architect Cesar Pelli. This Condop has NO BOARD INTERVIEW required. The building comes with amenities galore! Enjoy the outdoor tennis court, FREE GYM – staffed & fully-equipped with 2 Peloton cycles, well maintained cardio machines and Star Trac Fitness Equipment, free weight room, yoga/workout studio, saunas, showers, and lockers. Building amenities also include a 24/7 doorman/concierge, a five-level indoor garage (residents enjoy a reduced rate of only $149/mo), a meeting room, and bike storage. A Citylights 2 Bedroom home Total maintenance * of $2,053, is about 24-55% tax-deductible. * Maintenance is inclusive of building’s real estate tax obligation. Live in Long Island City – Minutes to Midtown!Enjoy famous NYC skyline sunsets from the comfort of your apartment. Join the VIBRANT NEIGHBORHOOD of Long Island City, close to shops, restaurants, and attractions. Convenient to the Vernon Boulevard-Jackson Avenue 7 Train Subway with access to E, M, G, and N, NYC Ferry service to Manhattan, and easy access to Long Island Expressway (495 LIE) and BQE. This exciting neighborhood is waiting for your arrival.

11. 2026-05-03
    listed $765,000 Active
12. 2026-04-30
    historical $765,000 2622-char remark

    Show marketing remark (2622 chars)

    OPEN HOUSES CANCELLEDWelcome to Long Island City! Pick up the keys and move right in! We invite you to schedule a private viewing of this newly renovated, modern, excellent condition, 2-bedroom, 1-bath at Citylights, where you can enjoy breathtaking Manhattan & East River views. This is one of only two buildings directly on the LIC waterfront with apartments available for purchase. This home has an efficient layout boasting a roomy living/dining room combo; the open chef’s kitchen boasts custom cabinets, complete with top quality Ceaserstone countertops. Stainless steel appliances featuring full sized GE refrigerator, Bosch dishwasher and Samsung chef 5 burner stove with convection & warming/broiler oven. Enjoy your coffee from the custom coffee bar and relax with a glass of wine from Summit wine refrigerator. Perfect for entertaining friends and family. A large row of closets line the entry foyer – a generous linen closet sits near the bathroom and a wall of closets in the primary king sized bedroom offers abundant space to store your clothes. The spacious living room with great wall space for even the largest of flat screen TV’s. 2nd Bedroom features sliding pocket door so you don’t lose an inch of space! Work from home and zoom in privacy from your home office or 2nd bedroom large enough for a full sized bedCitylights, Long Island City’s first luxury high-rise residence; designed by famed Argentine-American architect Cesar Pelli. This Condop has NO BOARD INTERVIEW required. The building comes with amenities galore! Enjoy the outdoor tennis court, FREE GYM – staffed & fully-equipped with 2 Peloton cycles, well maintained cardio machines and Star Trac Fitness Equipment, free weight room, yoga/workout studio, saunas, showers, and lockers. Building amenities also include a 24/7 doorman/concierge, a five-level indoor garage (residents enjoy a reduced rate of only $149/mo), a meeting room, and bike storage. A Citylights 2 Bedroom home Total maintenance * of $2,053, is about 24-55% tax-deductible. * Maintenance is inclusive of building’s real estate tax obligation. Live in Long Island City – Minutes to Midtown!Enjoy famous NYC skyline sunsets from the comfort of your apartment. Join the VIBRANT NEIGHBORHOOD of Long Island City, close to shops, restaurants, and attractions. Convenient to the Vernon Boulevard-Jackson Avenue 7 Train Subway with access to E, M, G, and N, NYC Ferry service to Manhattan, and easy access to Long Island Expressway (495 LIE) and BQE. This exciting neighborhood is waiting for your arrival.

13. 2026-04-30
    historical $765,000

    Show marketing remark (2622 chars)

    OPEN HOUSES CANCELLEDWelcome to Long Island City! Pick up the keys and move right in! We invite you to schedule a private viewing of this newly renovated, modern, excellent condition, 2-bedroom, 1-bath at Citylights, where you can enjoy breathtaking Manhattan & East River views. This is one of only two buildings directly on the LIC waterfront with apartments available for purchase. This home has an efficient layout boasting a roomy living/dining room combo; the open chef’s kitchen boasts custom cabinets, complete with top quality Ceaserstone countertops. Stainless steel appliances featuring full sized GE refrigerator, Bosch dishwasher and Samsung chef 5 burner stove with convection & warming/broiler oven. Enjoy your coffee from the custom coffee bar and relax with a glass of wine from Summit wine refrigerator. Perfect for entertaining friends and family. A large row of closets line the entry foyer – a generous linen closet sits near the bathroom and a wall of closets in the primary king sized bedroom offers abundant space to store your clothes. The spacious living room with great wall space for even the largest of flat screen TV’s. 2nd Bedroom features sliding pocket door so you don’t lose an inch of space! Work from home and zoom in privacy from your home office or 2nd bedroom large enough for a full sized bedCitylights, Long Island City’s first luxury high-rise residence; designed by famed Argentine-American architect Cesar Pelli. This Condop has NO BOARD INTERVIEW required. The building comes with amenities galore! Enjoy the outdoor tennis court, FREE GYM – staffed & fully-equipped with 2 Peloton cycles, well maintained cardio machines and Star Trac Fitness Equipment, free weight room, yoga/workout studio, saunas, showers, and lockers. Building amenities also include a 24/7 doorman/concierge, a five-level indoor garage (residents enjoy a reduced rate of only $149/mo), a meeting room, and bike storage. A Citylights 2 Bedroom home Total maintenance * of $2,053, is about 24-55% tax-deductible. * Maintenance is inclusive of building’s real estate tax obligation. Live in Long Island City – Minutes to Midtown!Enjoy famous NYC skyline sunsets from the comfort of your apartment. Join the VIBRANT NEIGHBORHOOD of Long Island City, close to shops, restaurants, and attractions. Convenient to the Vernon Boulevard-Jackson Avenue 7 Train Subway with access to E, M, G, and N, NYC Ferry service to Manhattan, and easy access to Long Island Expressway (495 LIE) and BQE. This exciting neighborhood is waiting for your arrival.

14. 2023-12-15
    soldstatus $699,999 Sold 2876-char remark

    Show marketing remark (2876 chars)

    OPEN HOUSES CANCELLEDWelcome to Long Island City! Pick up the keys and move right in! We invite you to schedule a private viewing of this newly renovated, modern, excellent condition, 2-bedroom, 1-bath at Citylights, where you can enjoy breathtaking Manhattan & East River views. This is one of only two buildings directly on the LIC waterfront with apartments available for purchase. This home has an efficient layout boasting a roomy living/dining room combo; the open chef’s kitchen boasts custom cabinets, complete with top quality Ceaserstone countertops. Stainless steel appliances featuring full sized GE refrigerator, Bosch dishwasher and Samsung chef 5 burner stove with convection & warming/broiler oven. Enjoy your coffee from the custom coffee bar and relax with a glass of wine from Summit wine refrigerator. Perfect for entertaining friends and family. A large row of closets line the entry foyer – a generous linen closet sits near the bathroom and a wall of closets in the primary king sized bedroom offers abundant space to store your clothes. The spacious living room with great wall space for even the largest of flat screen TV’s. 2nd Bedroom features sliding pocket door so you don’t lose an inch of space! Work from home and zoom in privacy from your home office or 2nd bedroom large enough for a full sized bedCitylights, Long Island City’s first luxury high-rise residence; designed by famed Argentine-American architect Cesar Pelli. This Condop has NO BOARD INTERVIEW required. The building comes with amenities galore! Enjoy the outdoor tennis court, FREE GYM – staffed & fully-equipped with 2 Peloton cycles, well maintained cardio machines and Star Trac Fitness Equipment, free weight room, yoga/workout studio, saunas, showers, and lockers. Building amenities also include a 24/7 doorman/concierge, a five-level indoor garage (residents enjoy a reduced rate of only $149/mo), a meeting room, and bike storage. A Citylights 2 Bedroom home Total maintenance * of $2,053, is about 24-55% tax-deductible. * Maintenance is inclusive of building’s real estate tax obligation. Live in Long Island City – Minutes to Midtown!Enjoy famous NYC skyline sunsets from the comfort of your apartment. Join the VIBRANT NEIGHBORHOOD of Long Island City, close to shops, restaurants, and attractions. Visit the Michelin-rated Casa Enrique, M. Wells Steakhouse, Sushi Daizen, Maiella, R40, Bellwether, Little Chef Little Cafe, bakeries, bubble tea shops, day spas, and more. Enjoy direct access to the beautiful Gantry State and Hunters Point South Parks. Convenient to the Vernon Boulevard-Jackson Avenue 7 Train Subway with access to E, M, G, and N, NYC Ferry service to Manhattan, and easy access to Long Island Expressway (495 LIE) and BQE. This exciting neighborhood is waiting for your arrival.

15. 2023-12-13
    soldstatus $684,000 Closed
16. 2023-10-15
    status Pending
17. 2023-09-05
    listed $699,999 Active 2876-char remark

    Show marketing remark (2876 chars)

    OPEN HOUSES CANCELLEDWelcome to Long Island City! Pick up the keys and move right in! We invite you to schedule a private viewing of this newly renovated, modern, excellent condition, 2-bedroom, 1-bath at Citylights, where you can enjoy breathtaking Manhattan & East River views. This is one of only two buildings directly on the LIC waterfront with apartments available for purchase. This home has an efficient layout boasting a roomy living/dining room combo; the open chef’s kitchen boasts custom cabinets, complete with top quality Ceaserstone countertops. Stainless steel appliances featuring full sized GE refrigerator, Bosch dishwasher and Samsung chef 5 burner stove with convection & warming/broiler oven. Enjoy your coffee from the custom coffee bar and relax with a glass of wine from Summit wine refrigerator. Perfect for entertaining friends and family. A large row of closets line the entry foyer – a generous linen closet sits near the bathroom and a wall of closets in the primary king sized bedroom offers abundant space to store your clothes. The spacious living room with great wall space for even the largest of flat screen TV’s. 2nd Bedroom features sliding pocket door so you don’t lose an inch of space! Work from home and zoom in privacy from your home office or 2nd bedroom large enough for a full sized bedCitylights, Long Island City’s first luxury high-rise residence; designed by famed Argentine-American architect Cesar Pelli. This Condop has NO BOARD INTERVIEW required. The building comes with amenities galore! Enjoy the outdoor tennis court, FREE GYM – staffed & fully-equipped with 2 Peloton cycles, well maintained cardio machines and Star Trac Fitness Equipment, free weight room, yoga/workout studio, saunas, showers, and lockers. Building amenities also include a 24/7 doorman/concierge, a five-level indoor garage (residents enjoy a reduced rate of only $149/mo), a meeting room, and bike storage. A Citylights 2 Bedroom home Total maintenance * of $2,053, is about 24-55% tax-deductible. * Maintenance is inclusive of building’s real estate tax obligation. Live in Long Island City – Minutes to Midtown!Enjoy famous NYC skyline sunsets from the comfort of your apartment. Join the VIBRANT NEIGHBORHOOD of Long Island City, close to shops, restaurants, and attractions. Visit the Michelin-rated Casa Enrique, M. Wells Steakhouse, Sushi Daizen, Maiella, R40, Bellwether, Little Chef Little Cafe, bakeries, bubble tea shops, day spas, and more. Enjoy direct access to the beautiful Gantry State and Hunters Point South Parks. Convenient to the Vernon Boulevard-Jackson Avenue 7 Train Subway with access to E, M, G, and N, NYC Ferry service to Manhattan, and easy access to Long Island Expressway (495 LIE) and BQE. This exciting neighborhood is waiting for your arrival.

18. 2023-09-05
    listed $699,999 Active

    Show marketing remark (2876 chars)

    OPEN HOUSES CANCELLEDWelcome to Long Island City! Pick up the keys and move right in! We invite you to schedule a private viewing of this newly renovated, modern, excellent condition, 2-bedroom, 1-bath at Citylights, where you can enjoy breathtaking Manhattan & East River views. This is one of only two buildings directly on the LIC waterfront with apartments available for purchase. This home has an efficient layout boasting a roomy living/dining room combo; the open chef’s kitchen boasts custom cabinets, complete with top quality Ceaserstone countertops. Stainless steel appliances featuring full sized GE refrigerator, Bosch dishwasher and Samsung chef 5 burner stove with convection & warming/broiler oven. Enjoy your coffee from the custom coffee bar and relax with a glass of wine from Summit wine refrigerator. Perfect for entertaining friends and family. A large row of closets line the entry foyer – a generous linen closet sits near the bathroom and a wall of closets in the primary king sized bedroom offers abundant space to store your clothes. The spacious living room with great wall space for even the largest of flat screen TV’s. 2nd Bedroom features sliding pocket door so you don’t lose an inch of space! Work from home and zoom in privacy from your home office or 2nd bedroom large enough for a full sized bedCitylights, Long Island City’s first luxury high-rise residence; designed by famed Argentine-American architect Cesar Pelli. This Condop has NO BOARD INTERVIEW required. The building comes with amenities galore! Enjoy the outdoor tennis court, FREE GYM – staffed & fully-equipped with 2 Peloton cycles, well maintained cardio machines and Star Trac Fitness Equipment, free weight room, yoga/workout studio, saunas, showers, and lockers. Building amenities also include a 24/7 doorman/concierge, a five-level indoor garage (residents enjoy a reduced rate of only $149/mo), a meeting room, and bike storage. A Citylights 2 Bedroom home Total maintenance * of $2,053, is about 24-55% tax-deductible. * Maintenance is inclusive of building’s real estate tax obligation. Live in Long Island City – Minutes to Midtown!Enjoy famous NYC skyline sunsets from the comfort of your apartment. Join the VIBRANT NEIGHBORHOOD of Long Island City, close to shops, restaurants, and attractions. Visit the Michelin-rated Casa Enrique, M. Wells Steakhouse, Sushi Daizen, Maiella, R40, Bellwether, Little Chef Little Cafe, bakeries, bubble tea shops, day spas, and more. Enjoy direct access to the beautiful Gantry State and Hunters Point South Parks. Convenient to the Vernon Boulevard-Jackson Avenue 7 Train Subway with access to E, M, G, and N, NYC Ferry service to Manhattan, and easy access to Long Island Expressway (495 LIE) and BQE. This exciting neighborhood is waiting for your arrival.

19. 2022-11-21
    price $375,000
20. 2018-03-01
    soldstatus Closed
21. 2018-02-12
    soldstatus $595,000
22. 2018-01-03
    soldstatus Sold
23. 2018-01-03
    soldstatus
24. 2017-11-15
    price $595,000
25. 2017-11-15
    status Contract Signed
26. 2017-10-31
    historical Permanently Off Market
27. 2017-08-29
    listed $635,000 Active
28. 2017-08-22
    listed $573,500
29. 2017-08-22
    listed $595,000
30. 1999-11-15
    price $573,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $75,252
• − Mortgage interest: −$42,852
• − Property taxes: −$11,475
• − Insurance: −$8,944
• − Repairs & maintenance: −$6,020
• − Management: −$6,020
• − HOA: −$30,132
• − Depreciation: −$22,255
• Taxable loss: −$52,445
• Est. tax savings @ 24.0%: +$12,587
• After-tax cash flow: $-26,656/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: Queens County · 1,914,869 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 7,948
• Household income: $204,885
• Rent vs Own: 81.4% rent · 18.6% own
• Severe rent burden: 420.0

Population outlook (Queens County) Hauer SSP2

• Today (2025): 2,546,320 people
• By 2030: 2,643,059 · +3.8%
• By 2040: 2,815,563 · +10.6%
• By 2050: 2,944,423 · +15.6%
• By 2075: 3,123,338 · +22.7%
• By 2100: 3,098,688 · +21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Asian 28% Two or more races 8% Hispanic / Latino 5%
• Common ancestry: Scotch-Irish 2% French 2% Lithuanian 2%
• Foreign-born: 37% · South Korea, Canada, China
• Languages at home: 58% English-only · Korean 8% Chinese 6% Other Asian/Pacific 6%

Political lean MEDSL · Queens

• 2024 margin: Strong D (+24.6) · D 62.3% · R 37.7%
• 2008→2024 swing: -26.2pp toward R · 2008: 50.8pp · 2024: 24.6pp
• All cycles: 2024: D+24.6 2020: D+45.2 2016: D+53.4 2012: D+58.5 2008: D+50.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: ▲ 2.04%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+33.4% since first listed

22 events — show timeline

• 2026-05-15 Relisted — RLS at REBNY
• 2026-05-14 Delisted — RLS at REBNY
• 2026-05-03 Listed $765,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-30 Coming Soon $765,000 RLS at REBNY
• 2026-04-30 Coming Soon $765,000 OneKey® MLS as Distributed by MLS Grid
• 2023-12-15 Sold (MLS) $699,999 RLS at REBNY
• 2023-12-13 Sold (MLS) $684,000 OneKey® MLS as Distributed by MLS Grid
• 2023-10-15 Pending — OneKey® MLS as Distributed by MLS Grid
• 2023-09-05 Listed $699,999 OneKey® MLS as Distributed by MLS Grid
• 2023-09-05 Listed $699,999 RLS at REBNY
• 2022-11-21 Price Changed $375,000 RLS at REBNY
• 2018-03-01 Sold (MLS) — RLS at REBNY
• 2018-02-12 Sold (MLS) $595,000 RLS at REBNY
• 2018-01-03 Sold (MLS) — RLS at REBNY
• 2018-01-03 Sold (MLS) — RLS at REBNY
• 2017-11-15 Price Changed $595,000 RLS at REBNY
• 2017-11-15 Relisted — RLS at REBNY
• 2017-10-31 Delisted — RLS at REBNY
• 2017-08-29 Listed $635,000 RLS at REBNY
• 2017-08-22 Listed $595,000 RLS at REBNY
• 2017-08-22 Listed $573,500 RLS at REBNY
• 1999-11-15 Price Changed $573,500 RLS at REBNY