SOLD FOR $900,000
Listed at $920,000 · Sold 2.2% below asking · Closed February 3, 2016
2-17 51st Avenue #423
MLS® #RLS10074538
Listing by R New York
1
Bedroom
1.5
Baths
888
Sq. Ft.
1906
Year Built
Quick Summary
Property Highlights
- Exposure: North facing
- Style: Prewar architecture
- Climate Control: Central Air
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Aug 27, 2013 | $920,000 | - |
| Price Reduced | Aug 20, 2015 | $945,000 | +2.7% |
Description
*SAVE $17,000 ON TRANSFER TAXES, BUYING A RE-SALE DIRECTLY FROM AN OWNER!!! ($17K, payable by the owner = mandatory 2% of total purchase price, imposed NY State & NYC taxes. An amount you would otherwise pay if purchasing directly from a sponsor/developer or a new development)*
One of the largest 1-bedroom lofts @ The Powerhouse, formerly the Pennsylvania Railroad Power Station, a turn-of-the-century power plant building painstakingly converted into true luxury residences by acclaimed architect Karl Fischer. Situated in the heart of Long Island City, on the picturesque East River Coast and mere steps to Gantry Plaza State Park, this impressive transformation blends raw industrial chic, contemporary styling, and extraordinary amenities with harmonious living. The result is an unparalleled lifestyle opportunity. One of only two condo developments in all of LIC sitting right at the waterfront. THE POWERHOUSE offers a new, heightened level of luxury within one of the City?s most vibrant hotspots.
This oversized 888 sq/f one-bedroom/convertible two-bedroom home with one-and-a-half bath loft inspired residence is alluringly beautiful, and comes in an immaculate showroom condition. Intelligent and fluid layout is sprawling, with high ceilings and ample oversized windows. American walnut floors throughout the living space radiate a rich luster. Large walk-in closet with custom shelving in the bedroom, wide open living space with abundant room for dining. Spacious white lacquer cabinetry, glass back splash, Viking appliances and quartzite counter tops in the kitchen. The bldg. lobby is a stunning fusion of polished concrete floors with white-glass panel, natural wood and brick walls.
The amenities are exceptional. Included in your monthly fees is a Staffed Gym with a Sauna, Steam Room and a Jacuzzi to enjoy after a hard day?s work. Showers & lockers as well.
24-hour Doorman/Concierge; Live-in Superintendent; Fitness Center; Aqua Grotto Full-Service Spa: Whirlpool with exotic waterfall; Common Roof Terrace; Bicycle Storage: Free WiFi; Common Lounge with Pool Table & Wet Bar; Media Room; Business Center; Children?s Playroom; Cold Storage; and On-Site Parking & Storage Space Available.
Location does not get any better. You're living directly above Gantry Plaza State Park. Serene, spectacular 20 Acre Park. Grab the 7 Train, 2 blocks East and zoom to Midtown/Grand Central in 5 min. flat. G gets you to Greenpoint, Williamsburg & rest of prime Bklyn. E/M trains are nearby. East River Ferry takes you to 34th St, BK & Wall St. and is literally across the street docking at the Gantry Park, a 2 min walk from your door. THE POWERHOUSE also boasts spellbinding skyline views and is surrounded by an inviting array of restaurants, shops, art galleries and recreational facilities.
Compromise on nothing! Welcome to this original and true Long Island City condo gem THE POWERHOUSE.
Features & Amenities
Interior Features
Exterior Features
Building Information
Financial Details
About Long Island City
View All Long Island City ListingsLong 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 NeighborhoodActive Listings
165
Median Asking Price
$1.20M
Median $/Sqft
$1,524
Avg Days on Market
N/A
New This Week
7
Price Reduced
18%
Sold (30 Days)
12
Median Sale Price
$1.27M
Live data from RLS at REBNY • Updated 4/24/26, 12:31 PM EST
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Location
2-17 51st Avenue #423, Long Island City, Queens County • Near 51st Avenue/50th Avenue
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $656 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 1 full bathroom and 1 half bathroom.
The listed interior living area is 888 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 $920,000 for 888 sq ft, the asking price per square foot is approximately $1,036. 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) 416-7433Listing Courtesy of R New York - Paul Shayn
Listing Contact: (212) 688-1000
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 Data display by Keller Williams NYC. Data last updated on 4/24/2026 at 4:31 PM UTC