Property Prices in Long Island City, Queens (11109)

Analysis of recent property sales — NYC Department of Finance data, all 5 boroughs

Last updated: 03/13/2026
$985,000
Median Price
$4,312,416
Average Price
1,782
Transactions

Average Property Price in Long Island City

The average property price in Long Island City, Queens (11109) is $4,312,416, based on 1,782 transactions recorded by the NYC Department of Finance. The median price is $985,000, giving a price range from $10,000 to $273,000,000.

Transaction Volume (Last 12 Months)

24-11 25-03 25-07 25-10

Recent Sales

Date Price Type Address Sq Ft $/Sq Ft
2025-12-24 $670,000 Elevator Apt 4-74 48Th Avenue, 9L — —
2025-11-24 $960,000 Elevator Apt 4-74 48 Avenue, 17A — —
2025-10-23 $810,000 Elevator Apt 4-74 48Th Avenue, Ph3E — —
2025-10-20 $1,250,000 Condo 46-30 Center Boulevard, 903 — —
2025-10-09 $2,900,000 Condo 46-30 Center Boulevard, 103 — —
2025-10-01 $425,000 Elevator Apt 4-74 48Th Avenue, 2B — —
2025-10-01 $565,000 Elevator Apt 4-74 48Th Avenue, 8M — —
2025-09-02 $765,000 Elevator Apt 4-74 48Th Avenue, 39J — —

NYC Transfer Tax Calculator for 11109

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NYC Transfer Tax
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NYS Transfer Tax
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Mansion Tax
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Total Transfer Taxes
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Effective Rate

NYC RPTT: 1% (≤$500K) or 1.425% (>$500K). NYS: 0.4%. Mansion Tax: 1% (≥$1M). Does not include mortgage recording tax.

Estimated Rental Yield in Long Island City

3.0%
Estimated Gross Rental Yield
Based on median price of $985,000 and average Queens monthly rent of $2,500/month ($30,000/year).
Source: NYC rental market averages. Actual yields vary by property type and condition.
View all 1,782 comparable sales →

Nearby ZIP Codes in Queens

11001
Bellerose 11004
Bellerose 11005
Glen Oaks 11040
Floral Park 11101
Astoria 11102
Astoria

Frequently Asked Questions

What is the average property price in 11109?
The average property price in Long Island City, Queens (11109) is $4,312,416, with a median price of $985,000. This is based on 1,782 recent transactions recorded by the NYC Department of Finance.
How many properties were sold in 11109?
There have been 1,782 property transactions recorded in Long Island City, Queens (11109) in the most recent data period, according to NYC Department of Finance records.
What are the transfer taxes when buying property in NYC?
When buying property in NYC, you may owe: NYC Real Property Transfer Tax (1% for sales ≤$500K, 1.425% for sales >$500K), New York State Transfer Tax (0.4%), and Mansion Tax (1% for sales ≥$1M, with higher brackets above $2M). Use the calculator above for an estimate.
What is the rental yield in 11109?
The estimated gross rental yield in Long Island City, Queens (11109) is 3.0%, calculated from a median property price of $985,000 and average Queens rents of $2,500/month.