5-38 47th Road

Long Island City, Queens | 5th Street & Vernon Blvd

5 Rooms1 Bed1.5 Baths4,735 Square FeetMixed Use

$2,300,000

floors / apts2 / 1

Lot Size25'x101'5"

Built Size25'x100'

ZoneM1-4/R

Building TypeLow-Rise

RE Taxes$8,844

Price Per SF

$486

This property was sold for $2,300,000 on 01/16/25.

Property Description for 5-38 47th Road

Just Listed in Long Island City! Unique Live/Work Opportunity in the Heart of NYC’s Art Scene Step into one of Long Island City's most compelling spaces, ideal for artists and creatives alike. This expansive property at 538 47th Road has a rich history as an art studio, boasting both charm and functionality with a total 4,735 sq ft across two levels. The building’s high ceilings, large windows, and skylights flood the space with natural light, enhancing its rustic, warehouse-meets-modern aesthetic. Property Highlights: Upper Level: 2,379 sq ft with soaring 13'10'' ceilings Lower Level: 2,356 sq ft with 9'3" ceilings Features: Expansive, light-filled main level Skylight reaching 19'2'' for an open, airy feel Full kitchen and 1.5 bathrooms for convenience Ample back office space Beautiful proximity to the waterfront and LIC's vibrant art community With an unused FAR of 2,563 sq ft, this property presents an incredible opportunity for further customization. Whether you’re seeking a unique live or a one-of-a-kind studio, this location captures the essence of NYC’s creative spirit. For those ready to own a piece of LIC’s thriving art scene, this property is a rare find that blends flexibility, functionality, and unmistakable character. Don’t miss out!

Listing History for 5-38 47th Road

Now

01/16/2025

$2,300,000

Sold and Closed by Erion Ahmetaj

Compass

2025

Building Details for 5-38 47th Road

OwnershipMixed Use

Building TypeLow-Rise

AgePre-War

AccessWalk-up

Year Built1931

Floors/Apts2/1

Learn More About the Building

Long Island City | Queens

Quick Profile

Long Island City, the name does sound a little far away, like it requires a lengthy drive to get to. Think, again. Long Island City, also known as LIC, is nestled in the western corner of Queens along the East River. Midtown Manhattan is closer to Long Island City than it is to downtown Manhattan.

LIC is bordered by Sunnyside to the east, the East River to the west, Astoria to the north, and Newton Creek which separates Queens from Greenpoint Brooklyn to the south.

A once-shabby manufacturing epicenter, the neighborhood is a mix of industrial, commercial and residential. In recent years it’s seen a rise in some seriously cool factors. Populated by young professionals, multi-ethnic immigrants, and hipsters, LIC has a happening nightlife scene, fantastic restaurants (some of them Michelin starred), art museums and galleries. Much of the waterfront access has been redeveloped into sustainable public green spaces with modern design.

Although much of the industrial / manufacturing companies have since left LIC, many still reside there. They tend to co-exist with new residential building development the same way they do in other neighborhoods like Williamsburg and Greenpoint.

Office building developers and business tenants play a vital role in LIC too. It’s considered New York City’s fourth central business district next to Midtown, downtown Manhattan and downtown Brooklyn.

As you traverse the streets of LIC, you’ll notice the change from block to block. Industrial warehouses on one block, a bustling Main Street, followed by a park block with sleek luxury high-rise buildings. It’s all part of the LIC vibe.

For a small neighborhood, the transportation links are excellent. For starters, you just can’t beat living one subway stop from Manhattan (7 train). Other train lines include E, M, R, N, Q, and the G lines. There are also less conventional methods of transportation like the NYC Ferry, which offers three ferry landings. There is no shortage of CitiBike’s in LIC either. Many folks commute to work by way of cycling over the Queensboro Bridge.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

OLR ID: 98150TH

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