4-74 48th Ave Unit 17F · New York, NY 11109

$500,000

1 bd · 1.0 ba · 683 sqft · Condo · 110 Days on market

Built 1996 ↓ 4% since listing

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Why this score? — see what drove the D- 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
• 1% rule +5.5/10.0
• Appreciation +5.0/10.0
• Schools +5.0/10.0
• Cash flow +3.8/30.0
• Livability +3.8/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0

Listing remarks MLS

Own in LIC! This spacious 1 bedroom has it all! Excellent closet space - one of the best one bedroom values in Long Island City! The highly desirable North facing F Line is close to 700 sqft and features a king size primary bedroom, spacious living room, and dining area and is flooded with light. The view from the windows is a picture postcard view of Manhattan - and guaranteed not to be obstructed. Determine for yourself if the view is better during the daytime - or at night. Either way, there is no building better situated along the waterfront. Citylights is the PREMIER full service waterfront high rise building with 24 hour concierge, on site parking for reduced rate per month for owners, a state of the art health club with fitness classes included, and a live-in super and excellent staff services. Water, gas and heat as supplied by the building is included in maintenance which is tax deductible. One stop, less than five minutes on the E,V, and 7 subway to midtown Manhattan. Citylights was constructed in 1998 as part of the Queens West Development plan for the Long Island City waterfront area and boasts an excellent reputation and solid financial standing. The building comes with amenities galore, including a staffed, fully-equipped free gym, weight room, yoga/workout studio, saunas, showers and lockers, outdoor tennis court, a meeting/media room, bike storage, a 24/7 concierge and a five-level indoor garage (residents enjoy a reduced rate). Amenities come without an additional fee. Move in and you'll join a vibrant neighborhood, with myriad shops, restaurants, and attractions, and quick access to beautiful Gantry State and Hunters Point South Parks. All this in one of New York's most exciting neighborhoods with an easy walk to the Vernon Boulevard-Jackson Avenue 7 train, NYC Ferry service to Manhattan and easy access to Long Island Expressway (495 LIE) and BQE., Additional information: ExterioFeatures:Tennis,Interior Features:Lr/Dr

Key facts

• Tennis court
• Updated kitchen
• Gym

Tags

• UPDATED KITCHEN
• UPDATED BATHROOM
• GENEROUS CLOSET SPACE
• ROOFTOP SITTING AREA
• TENNIS COURT
• GYM

Property features AI

Finance

• HOA & community: Has association

Exterior

• Parking: Garage; On-street parking; 1 garage space
• Utilities: Public sewer; Cable available; Electricity available; Natural gas available; Sewer connected; Water connected
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Dishwasher; Freezer; Microwave; Oven; Refrigerator; Stainless steel appliances
• Bedrooms: Entry level: 17
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Granite counters; No basement; 3 total rooms; Pets allowed
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $500k.

Deal economics

• At list price, monthly cash flow is $-2k ($-22k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $500k).
• Recommended offer: $455k (9.0% below list) — sets the bar for market timing.

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 31% 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 $18k of equity ($3k loan paydown + $15k 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 ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($455k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago; this cycle's ask has dropped $39k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 41% 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 $455,000 (9.0% 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 110 days. Have you received any prior offers? Is the seller open to a 9% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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?
11. 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.
12. 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.
13. 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: 1.05% ✓
• Cap rate: 2.85%
• Cash-on-cash: -12.29%
• DSCR: 0.45
• GRM: 7.9

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: -7.6%
• Equity multiple: 0.56×
• Total profit: $-61,657
• Equity at exit: $224,822

10-year hold

• IRR: -2.6%
• Equity multiple: 0.59×
• Total profit: $-57,796
• Equity at exit: $346,477

Cash invested: $140,000 (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: 7.9×

Monthly cashflow live

• Estimated rent: $5,273 high
• Mortgage (P&I): −$2,622
• Tax est. 1.5%: −$625 /mo · $7,500/yr
• Insurance: −$208
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA est. from 2 same-building comps: −$2,144
• Vacancy / Maint / Mgmt: −$1,107
• Net cashflow: $-1,861

Break-even live

Break-even rent $7,628

Max offer price $230,766

Occupancy floor —

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: $125,000
• Closing costs: $15,000
• 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	$5,374	$4.15	2d	1	0.08mi
1 Bell Slip Brooklyn, NY	2.0	1.0–2.0	766	$5,354	$6.98	2d	7	0.47mi
1 Blue Slip Brooklyn, NY	2.0	1.0–2.0	834	$5,484	$6.57	2d	13	0.52mi
2 Blue Slip Brooklyn, NY	2.0	1.0–2.0	819	$5,922	$7.23	2d	7	0.54mi
401 E 34th St New York, NY	3.0	1.0–2.0	887	$5,532	$6.23	2d	55	0.82mi
330 E 46th St #1794 New York, NY	1.0	1.0	489	$4,990	$10.19	24d	2	0.82mi
2719 44th Dr Long Island City, NY	1.0	1.0	628	$4,945	$7.87	8d	2	0.82mi
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	$7,261	$6.57	1d	14	0.87mi
300 E 46th St New York, NY	2.0–3.0	1.0	716	$4,300	$6.00	24d	2	0.89mi
599 E 56th St Unit 1817 New York, NY	1.0	1.0	625	$4,850	$7.76	24d	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	$6,250	$7.90	3d	3	0.91mi
959 1st Ave Unit 6X New York, NY	1.0	1.0	739	$6,000	$8.12	24d	1	0.91mi
340 E 52nd St #1527 New York, NY	1.0	1.0	575	$8,080	$14.05	2d	2	0.91mi
30 Waterside Plz New York, NY	2.0	1.0–2.0	743	$5,218	$7.02	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	$3,150	$5.54	24d	2	0.94mi
300 E 51st St New York, NY	2.0	1.0–2.0	875	$6,365	$7.27	3d	3	0.96mi
20 Waterside Plz #978 New York, NY	1.0	1.0	682	$4,760	$6.98	6d	1	0.98mi
400 E 57th St #2106 New York, NY	2.0	1.0–2.0	903	$6,610	$7.32	3d	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
222 E 34th St #999 New York, NY	1.0	1.0	554	$5,490	$9.91	6d	1	1.05mi
556 3rd Ave Unit 2244 New York, NY	1.0	1.0	500	$5,650	$11.30	3d	1	1.08mi
556 3rd Ave New York, NY	1.0	1.0	580	$5,240	$9.03	20d	2	1.08mi
556 3rd Ave New York, NY	1.0	1.0	540	$5,635	$10.44	2d	2	1.08mi
160 E 48th St New York, NY	3.0	1.0–2.0	878	$6,993	$7.96	3d	9	1.08mi
135 E 47th St Unit 22F New York, NY	1.0	1.0	700	$7,500	$10.71	22d	1	1.10mi
135 E 47th St New York, NY	1.0	1.0	572	$6,600	$11.53	6d	1	1.12mi
138 E 38th St New York, NY	3.0	1.0–2.0	750	$4,510	$6.01	24d	4	1.13mi
235 E 55th St Unit 36B New York, NY	1.0	1.0	650	$4,800	$7.38	24d	1	1.13mi
329 E 58th St #807 New York, NY	2.0	1.0	650	$5,860	$9.02	8d	1	1.13mi
155 E 31st St #2190 New York, NY	1.0–2.0	1.0–1.5	725	$5,610	$7.74	8d	2	1.20mi
141 E 33rd St #1278 New York, NY	2.0	1.0–1.5	683	$6,230	$9.12	8d	3	1.21mi
403 E 62nd St Unit 14C New York, NY	1.0	1.0	650	$4,900	$7.54	22d	1	1.21mi
41 Park Ave New York, NY	2.0	1.0–2.0	815	$6,555	$8.04	8d	3	1.25mi
227 E 59th St #635 New York, NY	2.0	1.0	500	$6,240	$12.48	17d	2	1.26mi
252 E 61st St #638 New York, NY	1.0	1.0	666	$5,530	$8.30	2d	2	1.28mi
30 Park Ave #1347 New York, NY	2.0	1.0	950	$7,890	$8.31	2d	3	1.29mi

HOA detail condo

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

Listing history 22 events

1. 2026-06-17
   status $500,000 Pending 110 DOM
2. 2026-06-17
   days on market $500,000 Active 110 DOM
3. 2026-06-15
   days on market $500,000 Active 108 DOM
4. 2026-06-13
   days on market $500,000 Active 106 DOM
5. 2026-06-10
   days on market $500,000 Active 102 DOM
6. 2026-06-08
   days on market $500,000 Active 101 DOM
7. 2026-06-08
   days on market $500,000 Active 100 DOM
8. 2026-06-04
   days on market $500,000 Active 97 DOM
9. 2026-06-03
   days on market $500,000 Active 96 DOM
10. 2026-06-01
    days on market $500,000 Active 94 DOM
11. 2026-05-31
    days on market $500,000 Active 93 DOM
12. 2026-03-31
    price $500,000
13. 2026-02-27
    listed $539,000 Active
14. 2023-12-07
    soldstatus $470,000 Closed 1971-char remark

    Show marketing remark (2073 chars)

    Own in LIC! Why rent when you can own!?Back on the Market and Priced to SellThis spacious 1 bedroom has it all! Excellent closet space – one of the best one bedroom values in Long Island City! The highly desirable North facing F Line is close to 700 sqft and features a king size primary bedroom, spacious living room, and dining area and is flooded with light. The view from the windows is a picture postcard view of Manhattan – and guaranteed not to be obstructed. Determine for yourself if the view is better during the daytime – or at night. Either way, there is no building better situated along the waterfront. 17F is an occupied home and requires at least 24 hours notice for showings. Citylights is the PREMIER full service waterfront high rise building with 24 hour concierge, on site parking for UNDER $150 per month for owners, a state of the art health club with fitness classes included, and a live-in super and excellent staff services. Water, gas and heat as supplied by the building is included in maintenance which is 24-50% tax deductible. One stop, less than five minutes on the E, V, and 7 subway to midtown Manhattan. Citylights was constructed in 1998 as part of the Queens West Development plan for the Long Island City waterfront area and boasts an excellent reputation and solid financial standing. The building comes with amenities galore, including a staffed, fully-equipped free gym, weight room, yoga/workout studio, saunas, showers and lockers, outdoor tennis court, a meeting/media room, bike storage, a 24/7 concierge and a five-level indoor garage (residents enjoy a reduced rate). Amenities come without an additional fee. Move in and you’ll join a vibrant neighborhood, with myriad shops, restaurants, and attractions, and quick access to beautiful Gantry State and Hunters Point South Parks. All this in one of New York’s most exciting neighborhoods with an easy walk to the Vernon Boulevard-Jackson Avenue 7 train, NYC Ferry service to Manhattan and easy access to Long Island Expressway (495 LIE) and BQE.

15. 2023-12-07
    soldstatus $499,999 Sold 2073-char remark

    Show marketing remark (2073 chars)

    Own in LIC! Why rent when you can own!?Back on the Market and Priced to SellThis spacious 1 bedroom has it all! Excellent closet space – one of the best one bedroom values in Long Island City! The highly desirable North facing F Line is close to 700 sqft and features a king size primary bedroom, spacious living room, and dining area and is flooded with light. The view from the windows is a picture postcard view of Manhattan – and guaranteed not to be obstructed. Determine for yourself if the view is better during the daytime – or at night. Either way, there is no building better situated along the waterfront. 17F is an occupied home and requires at least 24 hours notice for showings. Citylights is the PREMIER full service waterfront high rise building with 24 hour concierge, on site parking for UNDER $150 per month for owners, a state of the art health club with fitness classes included, and a live-in super and excellent staff services. Water, gas and heat as supplied by the building is included in maintenance which is 24-50% tax deductible. One stop, less than five minutes on the E, V, and 7 subway to midtown Manhattan. Citylights was constructed in 1998 as part of the Queens West Development plan for the Long Island City waterfront area and boasts an excellent reputation and solid financial standing. The building comes with amenities galore, including a staffed, fully-equipped free gym, weight room, yoga/workout studio, saunas, showers and lockers, outdoor tennis court, a meeting/media room, bike storage, a 24/7 concierge and a five-level indoor garage (residents enjoy a reduced rate). Amenities come without an additional fee. Move in and you’ll join a vibrant neighborhood, with myriad shops, restaurants, and attractions, and quick access to beautiful Gantry State and Hunters Point South Parks. All this in one of New York’s most exciting neighborhoods with an easy walk to the Vernon Boulevard-Jackson Avenue 7 train, NYC Ferry service to Manhattan and easy access to Long Island Expressway (495 LIE) and BQE.

16. 2023-10-19
    status Pending 1971-char remark

    Show marketing remark (1971 chars)

    Own in LIC! This spacious 1 bedroom has it all! Excellent closet space - one of the best one bedroom values in Long Island City! The highly desirable North facing F Line is close to 700 sqft and features a king size primary bedroom, spacious living room, and dining area and is flooded with light. The view from the windows is a picture postcard view of Manhattan - and guaranteed not to be obstructed. Determine for yourself if the view is better during the daytime - or at night. Either way, there is no building better situated along the waterfront. Citylights is the PREMIER full service waterfront high rise building with 24 hour concierge, on site parking for reduced rate per month for owners, a state of the art health club with fitness classes included, and a live-in super and excellent staff services. Water, gas and heat as supplied by the building is included in maintenance which is tax deductible. One stop, less than five minutes on the E,V, and 7 subway to midtown Manhattan. Citylights was constructed in 1998 as part of the Queens West Development plan for the Long Island City waterfront area and boasts an excellent reputation and solid financial standing. The building comes with amenities galore, including a staffed, fully-equipped free gym, weight room, yoga/workout studio, saunas, showers and lockers, outdoor tennis court, a meeting/media room, bike storage, a 24/7 concierge and a five-level indoor garage (residents enjoy a reduced rate). Amenities come without an additional fee. Move in and you'll join a vibrant neighborhood, with myriad shops, restaurants, and attractions, and quick access to beautiful Gantry State and Hunters Point South Parks. All this in one of New York's most exciting neighborhoods with an easy walk to the Vernon Boulevard-Jackson Avenue 7 train, NYC Ferry service to Manhattan and easy access to Long Island Expressway (495 LIE) and BQE., Additional information: ExterioFeatures:Tennis,Interior Features:Lr/Dr

17. 2023-08-22
    status Active 2073-char remark

    Show marketing remark (2073 chars)

    Own in LIC! Why rent when you can own!?Back on the Market and Priced to SellThis spacious 1 bedroom has it all! Excellent closet space – one of the best one bedroom values in Long Island City! The highly desirable North facing F Line is close to 700 sqft and features a king size primary bedroom, spacious living room, and dining area and is flooded with light. The view from the windows is a picture postcard view of Manhattan – and guaranteed not to be obstructed. Determine for yourself if the view is better during the daytime – or at night. Either way, there is no building better situated along the waterfront. 17F is an occupied home and requires at least 24 hours notice for showings. Citylights is the PREMIER full service waterfront high rise building with 24 hour concierge, on site parking for UNDER $150 per month for owners, a state of the art health club with fitness classes included, and a live-in super and excellent staff services. Water, gas and heat as supplied by the building is included in maintenance which is 24-50% tax deductible. One stop, less than five minutes on the E, V, and 7 subway to midtown Manhattan. Citylights was constructed in 1998 as part of the Queens West Development plan for the Long Island City waterfront area and boasts an excellent reputation and solid financial standing. The building comes with amenities galore, including a staffed, fully-equipped free gym, weight room, yoga/workout studio, saunas, showers and lockers, outdoor tennis court, a meeting/media room, bike storage, a 24/7 concierge and a five-level indoor garage (residents enjoy a reduced rate). Amenities come without an additional fee. Move in and you’ll join a vibrant neighborhood, with myriad shops, restaurants, and attractions, and quick access to beautiful Gantry State and Hunters Point South Parks. All this in one of New York’s most exciting neighborhoods with an easy walk to the Vernon Boulevard-Jackson Avenue 7 train, NYC Ferry service to Manhattan and easy access to Long Island Expressway (495 LIE) and BQE.

18. 2023-08-22
    price $499,999 2073-char remark

    Show marketing remark (2073 chars)

    Own in LIC! Why rent when you can own!?Back on the Market and Priced to SellThis spacious 1 bedroom has it all! Excellent closet space – one of the best one bedroom values in Long Island City! The highly desirable North facing F Line is close to 700 sqft and features a king size primary bedroom, spacious living room, and dining area and is flooded with light. The view from the windows is a picture postcard view of Manhattan – and guaranteed not to be obstructed. Determine for yourself if the view is better during the daytime – or at night. Either way, there is no building better situated along the waterfront. 17F is an occupied home and requires at least 24 hours notice for showings. Citylights is the PREMIER full service waterfront high rise building with 24 hour concierge, on site parking for UNDER $150 per month for owners, a state of the art health club with fitness classes included, and a live-in super and excellent staff services. Water, gas and heat as supplied by the building is included in maintenance which is 24-50% tax deductible. One stop, less than five minutes on the E, V, and 7 subway to midtown Manhattan. Citylights was constructed in 1998 as part of the Queens West Development plan for the Long Island City waterfront area and boasts an excellent reputation and solid financial standing. The building comes with amenities galore, including a staffed, fully-equipped free gym, weight room, yoga/workout studio, saunas, showers and lockers, outdoor tennis court, a meeting/media room, bike storage, a 24/7 concierge and a five-level indoor garage (residents enjoy a reduced rate). Amenities come without an additional fee. Move in and you’ll join a vibrant neighborhood, with myriad shops, restaurants, and attractions, and quick access to beautiful Gantry State and Hunters Point South Parks. All this in one of New York’s most exciting neighborhoods with an easy walk to the Vernon Boulevard-Jackson Avenue 7 train, NYC Ferry service to Manhattan and easy access to Long Island Expressway (495 LIE) and BQE.

19. 2023-08-21
    status Active 1971-char remark

    Show marketing remark (1971 chars)

    Own in LIC! This spacious 1 bedroom has it all! Excellent closet space - one of the best one bedroom values in Long Island City! The highly desirable North facing F Line is close to 700 sqft and features a king size primary bedroom, spacious living room, and dining area and is flooded with light. The view from the windows is a picture postcard view of Manhattan - and guaranteed not to be obstructed. Determine for yourself if the view is better during the daytime - or at night. Either way, there is no building better situated along the waterfront. Citylights is the PREMIER full service waterfront high rise building with 24 hour concierge, on site parking for reduced rate per month for owners, a state of the art health club with fitness classes included, and a live-in super and excellent staff services. Water, gas and heat as supplied by the building is included in maintenance which is tax deductible. One stop, less than five minutes on the E,V, and 7 subway to midtown Manhattan. Citylights was constructed in 1998 as part of the Queens West Development plan for the Long Island City waterfront area and boasts an excellent reputation and solid financial standing. The building comes with amenities galore, including a staffed, fully-equipped free gym, weight room, yoga/workout studio, saunas, showers and lockers, outdoor tennis court, a meeting/media room, bike storage, a 24/7 concierge and a five-level indoor garage (residents enjoy a reduced rate). Amenities come without an additional fee. Move in and you'll join a vibrant neighborhood, with myriad shops, restaurants, and attractions, and quick access to beautiful Gantry State and Hunters Point South Parks. All this in one of New York's most exciting neighborhoods with an easy walk to the Vernon Boulevard-Jackson Avenue 7 train, NYC Ferry service to Manhattan and easy access to Long Island Expressway (495 LIE) and BQE., Additional information: ExterioFeatures:Tennis,Interior Features:Lr/Dr

20. 2023-08-21
    price $499,999 1971-char remark

    Show marketing remark (1971 chars)

    Own in LIC! This spacious 1 bedroom has it all! Excellent closet space - one of the best one bedroom values in Long Island City! The highly desirable North facing F Line is close to 700 sqft and features a king size primary bedroom, spacious living room, and dining area and is flooded with light. The view from the windows is a picture postcard view of Manhattan - and guaranteed not to be obstructed. Determine for yourself if the view is better during the daytime - or at night. Either way, there is no building better situated along the waterfront. Citylights is the PREMIER full service waterfront high rise building with 24 hour concierge, on site parking for reduced rate per month for owners, a state of the art health club with fitness classes included, and a live-in super and excellent staff services. Water, gas and heat as supplied by the building is included in maintenance which is tax deductible. One stop, less than five minutes on the E,V, and 7 subway to midtown Manhattan. Citylights was constructed in 1998 as part of the Queens West Development plan for the Long Island City waterfront area and boasts an excellent reputation and solid financial standing. The building comes with amenities galore, including a staffed, fully-equipped free gym, weight room, yoga/workout studio, saunas, showers and lockers, outdoor tennis court, a meeting/media room, bike storage, a 24/7 concierge and a five-level indoor garage (residents enjoy a reduced rate). Amenities come without an additional fee. Move in and you'll join a vibrant neighborhood, with myriad shops, restaurants, and attractions, and quick access to beautiful Gantry State and Hunters Point South Parks. All this in one of New York's most exciting neighborhoods with an easy walk to the Vernon Boulevard-Jackson Avenue 7 train, NYC Ferry service to Manhattan and easy access to Long Island Expressway (495 LIE) and BQE., Additional information: ExterioFeatures:Tennis,Interior Features:Lr/Dr

21. 2023-06-19
    listed $520,000 Active 1971-char remark

    Show marketing remark (2073 chars)

    Own in LIC! Why rent when you can own!?Back on the Market and Priced to SellThis spacious 1 bedroom has it all! Excellent closet space – one of the best one bedroom values in Long Island City! The highly desirable North facing F Line is close to 700 sqft and features a king size primary bedroom, spacious living room, and dining area and is flooded with light. The view from the windows is a picture postcard view of Manhattan – and guaranteed not to be obstructed. Determine for yourself if the view is better during the daytime – or at night. Either way, there is no building better situated along the waterfront. 17F is an occupied home and requires at least 24 hours notice for showings. Citylights is the PREMIER full service waterfront high rise building with 24 hour concierge, on site parking for UNDER $150 per month for owners, a state of the art health club with fitness classes included, and a live-in super and excellent staff services. Water, gas and heat as supplied by the building is included in maintenance which is 24-50% tax deductible. One stop, less than five minutes on the E, V, and 7 subway to midtown Manhattan. Citylights was constructed in 1998 as part of the Queens West Development plan for the Long Island City waterfront area and boasts an excellent reputation and solid financial standing. The building comes with amenities galore, including a staffed, fully-equipped free gym, weight room, yoga/workout studio, saunas, showers and lockers, outdoor tennis court, a meeting/media room, bike storage, a 24/7 concierge and a five-level indoor garage (residents enjoy a reduced rate). Amenities come without an additional fee. Move in and you’ll join a vibrant neighborhood, with myriad shops, restaurants, and attractions, and quick access to beautiful Gantry State and Hunters Point South Parks. All this in one of New York’s most exciting neighborhoods with an easy walk to the Vernon Boulevard-Jackson Avenue 7 train, NYC Ferry service to Manhattan and easy access to Long Island Expressway (495 LIE) and BQE.

22. 2023-06-19
    listed $520,000 Active 2073-char remark

    Show marketing remark (2073 chars)

    Own in LIC! Why rent when you can own!?Back on the Market and Priced to SellThis spacious 1 bedroom has it all! Excellent closet space – one of the best one bedroom values in Long Island City! The highly desirable North facing F Line is close to 700 sqft and features a king size primary bedroom, spacious living room, and dining area and is flooded with light. The view from the windows is a picture postcard view of Manhattan – and guaranteed not to be obstructed. Determine for yourself if the view is better during the daytime – or at night. Either way, there is no building better situated along the waterfront. 17F is an occupied home and requires at least 24 hours notice for showings. Citylights is the PREMIER full service waterfront high rise building with 24 hour concierge, on site parking for UNDER $150 per month for owners, a state of the art health club with fitness classes included, and a live-in super and excellent staff services. Water, gas and heat as supplied by the building is included in maintenance which is 24-50% tax deductible. One stop, less than five minutes on the E, V, and 7 subway to midtown Manhattan. Citylights was constructed in 1998 as part of the Queens West Development plan for the Long Island City waterfront area and boasts an excellent reputation and solid financial standing. The building comes with amenities galore, including a staffed, fully-equipped free gym, weight room, yoga/workout studio, saunas, showers and lockers, outdoor tennis court, a meeting/media room, bike storage, a 24/7 concierge and a five-level indoor garage (residents enjoy a reduced rate). Amenities come without an additional fee. Move in and you’ll join a vibrant neighborhood, with myriad shops, restaurants, and attractions, and quick access to beautiful Gantry State and Hunters Point South Parks. All this in one of New York’s most exciting neighborhoods with an easy walk to the Vernon Boulevard-Jackson Avenue 7 train, NYC Ferry service to Manhattan and easy access to Long Island Expressway (495 LIE) and BQE.

ⓘ 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: $63,271
• − Mortgage interest: −$28,008
• − Property taxes: −$7,500
• − Insurance: −$7,618
• − Repairs & maintenance: −$5,062
• − Management: −$5,062
• − HOA: −$25,728
• − Depreciation: −$14,545
• Taxable loss: −$30,252
• Est. tax savings @ 24.0%: +$7,261
• After-tax cash flow: $-15,067/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

-3.8% since first listed

11 events — show timeline

• 2026-03-31 Price Changed $500,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-27 Listed $539,000 OneKey® MLS as Distributed by MLS Grid
• 2023-12-07 Sold (MLS) $499,999 RLS at REBNY
• 2023-12-07 Sold (MLS) $470,000 OneKey® MLS as Distributed by MLS Grid
• 2023-10-19 Pending — OneKey® MLS as Distributed by MLS Grid
• 2023-08-22 Relisted — RLS at REBNY
• 2023-08-22 Price Changed $499,999 RLS at REBNY
• 2023-08-21 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2023-08-21 Price Changed $499,999 OneKey® MLS as Distributed by MLS Grid
• 2023-06-19 Listed $520,000 RLS at REBNY
• 2023-06-19 Listed $520,000 OneKey® MLS as Distributed by MLS Grid