Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $765,000

· Closed September 6, 2018

2-40 51st Avenue #3-C
Closed For Sale Condo

$765,000

$1,081 per sq ft

2-40 51st Avenue #3-C

Long Island City, Queens

MLS® #RLS10016695

RLS at REBNY

Listing by Modern Spaces

1

Bedroom

1

Bath

708

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 708 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $806/mo
Property Taxes $816/yr
Parking Garage
Neighborhood Long Island City
Floor 3 of 4

Property Highlights

  • Views: River
  • Exposure: West facing
  • Climate Control: Wall Units

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 3 of 4
View River
Exposure West
Heating Natural Gas
Cooling Wall Units
Pets Yes
Cross Street 50th Avenue/51st Avenue
Year Built 2008
Living Area 708 sq ft
Parking Garage Available
Block/Lot 15/7501

Listing History

Event Date Price Change
Listed May 8, 2018 $765,000 -
Price Reduced Sep 6, 2018 $810,000 +5.9%

Description

An ideal one-bedroom condo at The Foundry in Hunters Point is one of LIC?s sought after residence completed in 2008 and situated on 51st Ave between 2nd and 5th St, close to the waterfront. This 4 floor low-rise, pet-friendly building contains 57 contemporary homes and is designed for the ultimate of modern lifestyles.

Through its oversized windows, apt 3C offers a partial western view of the East River and Manhattan skyline from its spacious and efficient layout. Equally sizeable bedroom with large and ample closet space. Hardwood floors throughout and an open kitchen featuring top brand stainless steel appliances. Convenient washer & dryer also provided in premise.

The Foundry at Hunters Point provides residents with various luxurious amenities, including access to a common patio located on the mezzanine, a health club, remote intercom from your phone, as well as a part-time doorman and concierge services. This common patio or central courtyard offers an excellent private outdoor space for all The Foundry?s residents. Common charges include heating costs. Parking is also available to purchase for $80K (PS15) with its CC at $78. and tax at $5.41 monthly.

The Foundry?s superb location places residents only a mere 2-block radius from the East River ferry with its rapid access into Manhattan. And within this same radius, the 7 train with its direct line into Grand Central by way of 1 quick stop brings you into the heart of Manhattan in 5 mins time. Also just a stone?s throw to Vernon Blvd where an abundance of restaurants, boutiques and multitude of personal services can be found. A local supermarket & CVS are both within one block?s close proximity and 1-1/2 blocks from the waterfront recreation areas and walkways of Gantry Park make apt 3C at The Foundry an optimal place to embrace a lifestyle of ease and pure enjoyment.

Tax abatement until 2024

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Wheelchair Access

Exterior Features

Building Courtyard Building Roof Deck

Appliances

Dryer Washer

Building Information

Stories 4

Financial Details

Common Charges $806/mo
RE Taxes $816/yr ($68/mo)
Sale Price $765,000
Previous Price $810,000

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, 9:22 AM EST

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Location

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2-40 51st Avenue #3-C, Long Island City, Queens County • Near 50th Avenue/51st Avenue

Floor Plans

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 $806 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $816, or roughly $68 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 708 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2008, making it approximately 18 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 $765,000 for 708 sq ft, the asking price per square foot is approximately $1,081. 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: RLS10016695
First Listed: 5/8/2018
Price Changed: 9/6/2018
Closed: 9/6/2018
Contract Date: 5/4/2018

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 1:22 PM UTC

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