Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $595,000

· Closed January 21, 2014

2-40 51st Avenue #2N
Closed For Sale Condo

$595,000

$887 per sq ft

2-40 51st Avenue #2N

Long Island City, Queens

Foundry At Hunters

MLS® #RLS10046783

RLS at REBNY

Listing by The Corcoran Group

1

Bedroom

1

Bath

671

Sq. Ft.

2007

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 671 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $606/mo
Property Taxes $804/yr
Neighborhood Long Island City
Floor 2 of 4

Property Highlights

  • Exposure: North facing
  • Outdoor Space: Terrace, Balcony
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 2 of 4
Exposure North
Cooling Central Air
Pets Yes
Cross Street 2 STREET and 5 STREET
Year Built 2007
Living Area 671 sq ft

Listing History

Event Date Price Change
Listed Oct 19, 2013 $599,000 -
Currently Apr 25, 2026 $595,000 -0.7%

Description

JUST LISTED!!! FIRST OPEN HOUSE OCTOBER 27TH 1-2:30PM

SUNNY, North facing ONE BEDROOM at THE FOUNDRY in LONG ISLAND CITY.

Well thought out layout makes sure that no space is wasted.

The apartment features a beautiful open kitchen with top of the line stainless steel Bosh appliances, dishwasher, microwave, and a five burner stove. Washer and Dryer in unit. Great closets throughout.

Private BALCONY.

Just steps from waterfront, newly developed parks, ferry, and easy subway access. Building has tax abatement until 2024.

With over 27,000 square feet of private terraces and an expansive landscaped central courtyard, The Foundry at Hunters Point is one of New York's most unique and unforgettable new developments. Its 57 innovative floor-plans range from traditional duplexes to loft-like spaces, in a building that features high ceilings, city views and loads of light.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Balcony Terrace Balcony

Building Information

Financial Details

Common Charges $606/mo
RE Taxes $804/yr ($67/mo)
Original Price $599,000
Sale Price $595,000
Previous Price $599,000

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, 1:33 AM EST

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Location

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2-40 51st Avenue #2N, Long Island City, Queens County • Near 2 STREET and 5 STREET

Floor Plans

Floor Plan
Floor Plan

Building Information

Official NYC property records for this building

2007
Year Built
19 years old
4
Floors
57
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $4,587,127
Land Value: $860,850
Exemptions: $0

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

Lot Area: 30,400 SF
Building Area: 60,434 SF
Built FAR: 1.99
Allowed FAR: 2

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 $606 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $804, or roughly $67 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 671 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2007, making it approximately 19 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 $595,000 for 671 sq ft, the asking price per square foot is approximately $887. 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: RLS10046783
First Listed: 10/19/2013
Price Changed: 1/22/2014
Closed: 1/21/2014
Contract Date: 1/22/2014

Listing Courtesy of The Corcoran Group - Amanda Tarter

Listing Contact: (212) 500-1900

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 5:33 AM UTC

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