Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $708,000

Listed at $725,000 · Sold 2.3% below asking · Closed December 13, 2016

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

$725,000

$1,210 per sq ft

2-40 51st Avenue #3-R

Long Island City, Queens

MLS® #RLS10009665

RLS at REBNY

Listing by RealDirect Brokerage Services

1

Bedroom

1

Bath

599

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 599 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $574/mo
Property Taxes $636/yr
Parking Garage
Neighborhood Long Island City
Floor 3 of 4

Property Highlights

  • Exposure: South facing
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 3 of 4
Exposure South
Pets Yes
Cross Street 50th Avenue/51st Avenue
Year Built 2008
Living Area 599 sq ft
Parking Garage Available
Block/Lot 15/7501

Listing History

Event Date Price Change
Listed Sep 21, 2016 $725,000 -
Currently Apr 24, 2026 $725,000 -

Description

One of a kind apartment in Hunter's Point Long Island City

Located on the 3rd floor of a 4-story, 57 unit boutique condo, situated in the Hunter's Point waterfront neighborhood in Long Island City. The kitchen is equipped with stainless steel appliances including Jenn-Air stove & microwave, Bosch dishwasher, glacier-glass tile backsplash, cherry cabinets and eat in kitchen with black granite counter. The apartment includes an in-unit washer and dryer, a movable interior shoji screen sliding door that separates the bedroom from the living room, custom built-in bookshelves, additional shelving unit to maximize closet space, recessed ceiling lights in living room, bedroom and walk-in closet/nursery and separate air conditioning/heating units in the bedroom and living room. The walk in closet in the bedroom can be used as a normal closet or a nursery. If you choose to have a closet, there are custom shelving units that can be installed in the closet for efficient organization. If you choose to have a nursery, a mini crib fits perfectly inside with extra space for shelving. The bathroom is spacious and includes an abundance of storage with cabinets and medicine cabinet and the bathtub comes with a glass enclosure.

The Foundry is located 1 block from the waterfront and Hunter's Point South / Gantry Park, which has the BEST view of the NYC skyline. You can see the Empire State Building at the end of the street from the front of The Foundry. The park hosts many events from concerts & movies in the park to silent disco parties and more. The Foundry is 2 blocks from the Vernon/Jackson 7 train stop, which takes you into Midtown Manhattan in 5 minutes, and is only 1 stop from Grand Central. The G, E, M trains are a short walk away and the East River Ferry and LIRR is 1 block away. The Foundry is surrounded by great shops, fine dining, bars, waterfront playgrounds, dog parks, LIC Flea & Food, great schools, Hunters Point library (opening in 2017 on the waterfront), supermarkets, Duane Reade, MOMA's PS1 and more.

The amenities at The Foundry include a live-in super, doorman, pet friendly, elevator, an outdoor mezzanine/courtyard (great views of Macy's July 4th fireworks), gym, bike storage and more! Low taxes through the 421A 15 year tax abatement, which expires in 2024.

Unit Features:
- Custom built in bookshelves
- Custom shelving for walk-in closet in bedroom (available)
- Custom shelving in living room closet
- Custom built sliding shoji screen
- In-Unit washer/dryer
- Stainless steel fridge, stove, built in microwave and dishwasher
- Eat in kitchen with granite counter island
- Hardwood floors
- Separate A/C and heating units for living room and bedroom
- Pets Allowed

Building Specifics:
- Outdoor Courtyard
- Doorman & Porter
- Live-In Super
- Elevator
- Wheelchair/Stroller access
- Gym
- 24-hour virtual doorman
- Package room
- Bike storage
- fios Available
- Garage (fee)
- 1 block from waterfront

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Building Courtyard Building Roof Deck

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $574/mo
RE Taxes $636/yr ($53/mo)
Sale Price $708,000

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

164

Median Asking Price

$1.20M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

6

Price Reduced

18%

Sold (30 Days)

12

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/24/26, 6:25 AM EST

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Location

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2-40 51st Avenue #3-R, 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 $574 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $636, or roughly $53 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 599 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 $725,000 for 599 sq ft, the asking price per square foot is approximately $1,210. 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: RLS10009665
First Listed: 9/21/2016
Closed: 12/13/2016
Contract Date: 9/21/2016

Listing Courtesy of RealDirect Brokerage Services - Douglas Perlson

Listing Contact: (917) 597-9181

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 4/24/2026 at 10:25 AM UTC

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