Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $725,000

Listed at $775,000 · Sold 6.5% below asking · Closed September 2, 2012

2-17 51st Avenue #717
Closed For Sale Condo

$775,000

$761 per sq ft

2-17 51st Avenue #717

Long Island City, Queens

MLS® #RLS10039496

RLS at REBNY

Listing by Nest Seekers International

1

Bedroom

1

Bath

1,018

Sq. Ft.

1906

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 1,018 sq ft
Year Built 1906
Ownership Condo
HOA/Common Charges $623/mo
Property Taxes $432/yr
Neighborhood Long Island City

Property Highlights

  • Exposure: North facing
  • Style: Prewar architecture
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 1 Full
Exposure North
Cooling Central Air
Pets Yes
Cross Street 51st Avenue/50th Avenue
Year Built 1906
Living Area 1,018 sq ft
Architectural Style Prewar
Block/Lot 16/1

Listing History

Event Date Price Change
Listed Aug 23, 2013 $775,000 -
Currently Apr 25, 2026 $775,000 -

Description

Available for PURCHASE, RENT TO OWN, OR RENT. Best priced unit in the building! Very spacious and bright apartment at the most sought after condo conversion in Long Island City : The Powerhouse. The unit is available starting July 2012. It features a very large bedroom with two big closets, a separate convertible bedroom with sliding frosted glass doors, 3 hallway closets, washer and dryer, Viking appliance package, oversized windows, and wood floors. The Powerhouse Condominium has the most amenities out of all the buildings in Long Island City, with its 24hour doorman/concierge as soon as you enter the grand lobby, full gym, pool table, theater room, bike storage, refrigerated storage, sauna, steam room, jacuzzi, rooftop with grills and sundeck. Parking is also available on site for $275/mo. 7 train one block away - one stop to Grand Central. Call now to view, it will not last long!

Features & Amenities

Interior Features

Dining Area Building Washer Dryer Install Allowed New Windows

Exterior Features

Building Roof Deck

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $623/mo
RE Taxes $432/yr ($36/mo)
Sale Price $725,000

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

168

Median Asking Price

$1.20M

Median $/Sqft

$1,519

Avg Days on Market

N/A

New This Week

9

Price Reduced

18%

Sold (30 Days)

10

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/25/26, 11:11 AM EST

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Location

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2-17 51st Avenue #717, Long Island City, Queens County • Near 51st Avenue/50th Avenue

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 $623 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $432, or roughly $36 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 1,018 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 $775,000 for 1,018 sq ft, the asking price per square foot is approximately $761. 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: RLS10039496
First Listed: 8/23/2013
Closed: 9/2/2012
Contract Date: 6/3/2012

Listing Courtesy of Nest Seekers International - Jonna M. Stark

Listing Contact: (917) 696-3698

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 4/25/2026 at 3:11 PM UTC

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