Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,160,000

· Closed February 7, 2019

2-17 51st Avenue #403
Closed For Sale Condo

$1,160,000

$1,225 per sq ft

2-17 51st Avenue #403

Long Island City, Queens

MLS® #RLS10507183

RLS at REBNY

Listing by Modern Spaces

1

Bedroom

2

Baths

947

Sq. Ft.

1906

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2
Living Area 947 sq ft
Year Built 1906
Ownership Condo
HOA/Common Charges $670/mo
Property Taxes $396/yr
Neighborhood Long Island City
Floor 4 of 11

Property Highlights

  • Exposure: West facing
  • Style: Prewar architecture
  • Climate Control: Wall Units

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 2 Full
Floor 4 of 11
Exposure West
Heating Natural Gas
Cooling Wall Units
Pets Yes
Cross Street 51st Avenue/50th Avenue
Year Built 1906
Living Area 947 sq ft
Architectural Style Prewar
Block/Lot 16/7501

Listing History

Event Date Price Change
Listed Oct 20, 2018 $1,160,000 -
Currently Apr 23, 2026 $1,160,000 -

Description

This inviting layout of a one-bedroom with a home office is a cleverly appointed condo home that can easily be converted into a two bedroom setting offering modern living at its highest of standards in LIC?s prime location. The upgrades account for this elevated lifestyle as it includes a fully customized lighting system, built in speakers in every room and aesthetic details such as specialized sleeve covers designed to conceal the PTAC ac/heating systems. Oversized windows with its added luxury of remote-controlled window shades and 10 ft high ceilings give the apt delightful airiness while complimented by the deep richness of American walnut wood floors throughout.

A Wenge wood ?sushi bar? wraps partially around the open setting of the masterfully efficient chef?s kitchen with its gleaming white lacquered cabinetry, glass backsplash and quartzite stone countertop, accented with dark walnut tones. All this lends harmonized decor while being superbly upgraded with stainless steel Viking fridge, Samsung 4 burner & grill gas stove and Bosch dishwasher. Washer/dryer also by Bosch included. Enormous master bedroom with a walk-in closet and just adjacent is the ensuite bathroom with its overhead rain and shower fixtures by Grohe, complemented by soothing Italian beige ceramic wall and floor tiles. The second bathroom is conveniently located across from the home office/2nd bedroom and features a deep soaking tub. Both bathrooms? minimalistic aesthetics are enhanced by a Lacava sink, Kohler faucets and a deep ebony wood vanity with a marble stone countertop.

THE BUILDING: World-renowned architect Karl Fisher and distinguished interior designer Andres Escobar breathe new life into a turn of the century Pennsylvanian Railroad power station transforming it into The Powerhouse, luxury residences on the East River.

AMENITIES: A concierge available 24/7 welcomes you to a spacious lobby surrounded by soothing white panels and polished concrete floors. State-of-the-art Fitness Centre just adjacent to The Lounge equipped with a pool table, plasma tv, and a wet bar. Movie night offered with cinema-caliber projectors in the Screening Room while The Playroom lends fun time for the little ones. Take in the panoramic cityscape views from the Roof Garden providing BBQ grills, dining areas, and a sunning deck. Complimentary wifi. Full-service business center. Cold storage for worry-free grocery deliveries. On-site parking and bicycle storage are both available as well as some storage space.

LOCATION: Steps to the 7 train ? one stop literally 5 mins from Grand Central. Neighborhood with the waterfront park, supermarket, and pharmacy, various cuisines of restaurants on Vernon Boulevard. The Powerhouse is one of the most desirable developments in the LIC, renowned for its sizeable apartments and characteristic charm. Low all-inclusive common charges with a ten-year tax abatement remaining. Enjoy the comforts of a relaxed yet casually luxurious lifestyle that Long Island City has to offer at the Powerhouse.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed New Windows Wheelchair Access

Exterior Features

Building Roof Deck

Appliances

Dryer Washer

Building Information

Stories 11
Style Prewar

Financial Details

Common Charges $670/mo
RE Taxes $396/yr ($33/mo)
Sale Price $1,160,000

Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.

Long Island City Live Market Data

View Neighborhood

Active Listings

165

Median Asking Price

$1.20M

Median $/Sqft

$1,526

Avg Days on Market

N/A

New This Week

9

Price Reduced

18%

Sold (30 Days)

13

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/23/26, 6:06 AM EST

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Location

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2-17 51st Avenue #403, Long Island City, Queens County • Near 51st Avenue/50th Avenue

Floor Plans

Floor Plan
Floor Plan
Floor Plan
Floor Plan
Floor Plan

Building Information

Official NYC property records for this building

1909
Year Built
117 years old
11
Floors
177
Residential Units
M1-5/R8A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $11,629,786
Land Value: $504,900
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 28,724 SF
Building Area: 199,706 SF
Built FAR: 6.95
Allowed FAR: 6.02

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $670 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $396, or roughly $33 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 2 full bathrooms.

The listed interior living area is 947 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1906, making it approximately 120 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,160,000 for 947 sq ft, the asking price per square foot is approximately $1,225. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10507183
First Listed: 10/20/2018
Closed: 2/7/2019
Contract Date: 6/13/2018

Listing Courtesy of Modern Spaces - Mae Liew

Listing Contact: (718) 784-1110

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/23/2026 at 10:06 AM UTC

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