Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,198,000

· Closed November 17, 2017

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

$1,198,000

$1,010 per sq ft

2-40 51st Avenue #TH-C

Long Island City, Queens

MLS® #RLS10014148

RLS at REBNY

Listing by Compass

1

Bedroom

1.5

Baths

1,186

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2 full, 1 half
Living Area 1,186 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $1,188/mo
Property Taxes $1,272/yr
Parking Garage
Neighborhood Long Island City
Floor 1 of 4

Property Highlights

  • Exposure: East,North,South facing
  • Outdoor Space: Terrace
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full, 1 Half
Floor 1 of 4
Exposure East,North,South
Pets Yes
Cross Street 50th Avenue/51st Avenue
Year Built 2008
Living Area 1,186 sq ft
Parking Garage Available
Block/Lot 15/7501

Listing History

Event Date Price Change
Listed May 26, 2017 $1,198,000 -
Price Reduced Jun 20, 2017 $1,220,000 +1.8%

Description

This beautiful 1-Bedroom, 1.5-Bathroom home is the perfect balance of openness and living space. With 17 vaulted ceilings and 1,1836 square feet of living space, it is the largest 1-Bed layout at the Foundry. Located on a on a quaint and quiet tree lined street, youll enjoy direct access to from your private entrance which leads into an open and spacious living area. The grand living area has an area for a dining and a powder room with basket-weave floor tiles. Soaring 15 windows provide abundant natural light and compliment the dramatic double height ceilings. The home has been renovated with brand new dark hard wood floors, and a brand new kitchen. The open chef's kitchen has been tastefully upgraded with elegant dark wood cabinetry with soft close and build-outs, glass tile backsplash and stainless steel appliances including a Thermador oven and dishwasher, Viking hood, Bosch washer/dryer, Kitchen Aide refrigerator, and a GE Monogram wine fridge and microwave. Storage is plentiful with 5 closets one of them is a large storage cove filling the space under the stairs. The master suite is quietly tucked away on the second floor and basks in sun soaked Southern exposure. A 238 square-foot private terrace is ready to be transformed to one's own oasis. The bedroom is quite large spanning a full 18.5 long and a solid 11 wide. More than enough space to accommodate a King size bed, night stands and dressers. The master suite features a very large dressing area with smart custom built-ins and is complimented with 2 additional his hers closets located in the hall. The spa like en-suite master bath is large in size and appointed with marble floors, stone tiles and Kholer fixtures and fitted with a deep soaking tub. A private deeded parking space is available for an additional purchase of $75,000. The Foundry is an 8-story condominium consisting of 57-homes, was completed in 2008, and has a 15-year tax abatement expiring in 2024. The building provides residents with an amenity package consisting of a part-time doorman, concierge, on-site super, package room, fitness center, expansive common outdoor deck, and private garaged parking. Conveniently located in the prime Hunters Point waterfront neighborhood, only one short block from the new LIC Landing park promenade, NYC Ferry, children's playgrounds, dog parks, the new Urban Market grocery store, and the Vernon/Jackson stop of the 7 train.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Building Courtyard Building Roof Deck Terrace

Appliances

Dryer Washer

Building Information

Stories 4

Financial Details

Common Charges $1,188/mo
RE Taxes $1,272/yr ($106/mo)
Previous Price $1,220,000

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

9

Price Reduced

18%

Sold (30 Days)

13

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/23/26, 5:18 PM EST

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Location

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

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 $1,188 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,272, or roughly $106 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 1,186 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 $1,198,000 for 1,186 sq ft, the asking price per square foot is approximately $1,010. 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: RLS10014148
First Listed: 5/26/2017
Price Changed: 6/20/2017
Closed: 11/17/2017
Contract Date: 5/26/2017

Listing Courtesy of Compass - Ralph Modica

Listing Contact: (917) 407-0084

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 9:18 PM UTC

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