Rare Long Island City Townhouse & Development Opportunity Located at 10-39 47th Avenue in the heart of Long Island City, this single-story, two-bedroom townhouse presents a unique opportunity for homeowners, investors, and developers alike. The existing residence features two bedrooms, a private backyard, and the potential to be renovated into a charming LIC home. For those looking to maximize the property's potential, the site offers approximately 5,000 buildable square feet, creating the opportunity to develop a new multifamily building. Whether you choose to renovate and create a private residence with outdoor space or pursue a ground-up multifamily development, the property offers exceptional flexibility in one of Queens' most desirable and dynamic neighborhoods. Highlights include: existing two-bedroom townhouse, private backyard, approximately 5,000 buildable square feet, renovation or redevelopment potential, and a prime Long Island City location.