Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $970,000

· Closed January 23, 2019

2-17 51st Avenue #623
Closed For Sale Condo

$970,000

$1,092 per sq ft

2-17 51st Avenue #623

Long Island City, Queens

MLS® #RLS10503103

RLS at REBNY

Listing by Modern Spaces

1

Bedroom

1.5

Baths

888

Sq. Ft.

1906

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2 full, 1 half
Living Area 888 sq ft
Year Built 1906
Ownership Condo
HOA/Common Charges $670/mo
Property Taxes $360/yr
Neighborhood Long Island City
Floor 6 of 11

Property Highlights

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

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full, 1 Half
Floor 6 of 11
Exposure North
Heating Natural Gas
Cooling Wall Units
Pets Yes
Cross Street 51st Avenue/50th Avenue
Year Built 1906
Living Area 888 sq ft
Architectural Style Prewar
Block/Lot 16/7501

Listing History

Event Date Price Change
Listed Oct 21, 2018 $970,000 -
Currently Apr 23, 2026 $970,000 -

Description

Sprawling one bedroom with 1.5 bath now available in the highly coveted Powerhouse Condominium ? a luxurious condo residence situated within a mere block & a half from the waterfront parks, the East River Ferry and the 7 train ? with its one stop into Grand Central. This is a rare opportunity to adopt a lifestyle of self-indulgence combined with absolute efficiency. Also being surrounded by various local charming restaurants on Vernon Blvd while dotted with salons, boutiques and all the commercial services one requires, this makes condo 623 a superb home in LIC?s prime location.

This loft like residence features a wide open living space with ample room for dining, bathed in serene northern light from a wall of over-sized windows. Great closet space with one as a walk-in and wide plank American walnut hardwood floors throughout.

Enjoy entertaining in your chef kitchen composed of spacious white lacquer cabinetry, glass back splash, Viking stainless steel appliances and quartzite counter tops complimented with a Wenge wood breakfast bar.

Overhead rain shower by Grohe and soft beige ceramic tiles round out the spa-inspired main bathroom that features a deep soaking tub. And Kohler faucets and Lacava sinks complement the marble and wood vanity found in both full & half bathrooms. Washer/Dryer included in apt.

The popular Powerhouse is designed by world-renowned architect, Karl Fisher and distinguished interior designer, Andres Escobar who breathe new life into a turn-of-the-century Pennsylvanian Railroad power station and transformed it into this exclusive luxury residence on the East River.

Building amenities include 24/7 concierge and live-in super; state-of-the-art fitness centre; lounge area equipped with pool table, plasma TV and wet bar; children?s playroom; bicycle storage and main level business centre and cold storage for worry-free deliveries. Stay wired with free building-wide wifi. And for all for the residents, the use of the magnificently vast common roof deck offering panoramic cityscapes and BBQ grills, dining areas and a sunbathing deck.

Tax abatement until 2024

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed New Windows

Exterior Features

Building Roof Deck

Appliances

Dryer Washer

Building Information

Stories 11
Style Prewar

Financial Details

Common Charges $670/mo
RE Taxes $360/yr ($30/mo)
Sale Price $970,000

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 #623, Long Island City, Queens County • Near 51st Avenue/50th Avenue

Floor Plans

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 $360, or roughly $30 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 $970,000 for 888 sq ft, the asking price per square foot is approximately $1,092. 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: RLS10503103
First Listed: 10/21/2018
Closed: 1/23/2019
Contract Date: 10/20/2018

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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