Glance through a list of Long Island City's most expensive listings and something jumps out when you hit #5, priced at $1.8 million: It's a house! The neighborhood's priciest pads are dominated by new-construction condos (the top 4 are all apartments in The View), which makes the appearance of an old townhouse something of an anomaly. But we've seen this place before. The 3,000-square-foot home at 21-17 45th Avenue was on the market last year for $1.5 million, and before that for $2.2 million. Now it's back for something in between. Are LIC buyers against anything that doesn't have a doorman? Maybe, maybe not. The new listing spells out a situation that some shoppers might not want to deal with:
This 4 story plus basement property is full of potential for either a magnificent single family home or multiple unit dwelling. The First Floor, features 2 fireplaces and a walk out to the 20 x 60 backyard. Second Floor currently features a tenant occupied 1 Bedroom/1 Bath apartment with fireplace and deck with stairs leading to the backyard. Third and Fourth Floors are similar layout and are tenant occupied.House is being sold "AS IS" with 2 tenants.Not everyone wants to play landlord, even for a 20' x 60' backyard.
· Listing: 21-17 45th Avenue [Elliman]
· On the Market: Cure for Condos in Long Island City [Curbed]