**PLEASE NOTE THIS IS PRICE PER BUILDING AND THERE ARE 2 BUILDINGS FOR SALE.*** We are pleased to exclusively present 20-63 48th Street, an exceptional opportunity to acquire two recently constructed, fully legal three-family homes situated on a spacious former double lot in the highly sought-after Upper Ditmars section of Astoria, Queens. Only approximately three years old, these modern residences offer an outstanding combination of new construction, flexible layouts, parking, outdoor space, and income-producing potential. Each building features a private driveway, garage, full basement, and multiple balconies, providing a level of convenience and functionality rarely found in new multifamily properties. The thoughtfully designed layouts include a generous convertible 2-bedroom-plus / 2-bathroom upper-floor residence, a matching 2-bedroom-plus / 2-bathroom middle-floor residence, and a 1-bedroom / 1-bathroom ground-floor ADA-compliant unit with convenient walk-out access. Adding further value, the property has already been prepared for the potential creation of a dedicated laundry room, additional storage, and a shared backyard, offering an opportunity to enhance both resident appeal and long-term value. Ideally positioned on 48th Street just one block north of Ditmars Boulevard, the property places residents in the heart of one of Astoria's most desirable residential neighborhoods, surrounded by local shops, dining, transportation, and the vibrant amenities that make Upper Ditmars such a sought-after destination. 20-63 48th Street presents a compelling opportunity for an investor seeking modern multifamily assets with additional upside, or for an end user looking to own a substantial, recently built property in one of Queens' most established and desirable neighborhoods. A rare combination of new construction, legal multifamily income, parking, outdoor space, and future potential — all in the heart of Astoria.
Multi-familyProperty Type
2021Year Built
2,000 sq ftLot Size
$738Price/Sq.Ft.
1 garage spacesParking
Listing by Minas Styponias• Realty Executives Today
Hunters Point, located between the East River waterfront and Sunnyside Yards, is a residential and industrial New York neighborhood with glassy high-rises and working piers. The neighborhood’s character concentrates along Center Boulevard at Gantry Plaza State Park, where riverfront promenades, playground lawns, and café patios frame skyline views. Converted warehouses and new towers share the blocks, giving streets a clean-lined, contemporary feel. MoMA PS1 anchors the arts scene with experimental exhibitions in a former schoolhouse. LIC Bar and Fifth Hammer Brewing Co. serve as local fixtures for low-key nights. The 7 train at Vernon Blvd–Jackson Ave ties the waterfront to the rest of the city.
Provided by Walk Score and Local Logic
Offer insights
20-63 48th St · $2,000,000
$2M and above
75% chance or better to win
Why $2M+ is a strong offer
DAYS ON MARKET
30 days
The average home goes pending in 62 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Finished basement with storage space and walk-out access
Casement, double-pane, ENERGY STAR qualified windows
Bedrooms
Three bedrooms across the units: one one-bedroom unit and two two-bedroom units
Bathrooms
Five full bathrooms
Laundry & utility
Common-area laundry in the basement
Flooring
Laminate flooring
Heating & cooling
Electric and other heating
Wall/window unit cooling
Exterior features
Vinyl fencing
Home design
Triplex
New construction
Parking
Driveway, garage, and off-street parking
One-car garage
Security
Building security, fire sprinkler system, security system, smoke detectors, and video cameras
Construction
Block and brick construction
Utilities
Public sewer
Electricity, natural gas, and water connected
Cable and phone available
Public trash collection
Electricity and solar
View estimated energy costs and solar savings for this home
These districts are designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards. Manufacturing establishments of this type, within completely enclosed buildings, provide a buffer between Residence (or Commercial) Districts and other industrial uses which involve more objectionable influences.
Zone overlays
Special Long Island City Mixed Use District
Permitted uses
Include but are not limited to:
Religious facility
Bank
General retail
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Office
Public service
Theater / performing arts facility
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 99° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
5/10 Air Factor
6 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Astoria, NY • 11105
Average low and high temperatures (°F)
37°
27°
40°
29°
54°
39°
63°
48°
71°
57°
81°
67°
86°
72°
81°
67°
77°
65°
65°
54°
56°
45°
42°
32°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
66/ 100
Moderate sunlight
Sunscore
This home receives average direct sun exposure in Astoria. There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.3 hrs
3.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 20-63 48th St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $1,060,000 and $2,225,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.1M to $2.2M.