Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $927,000

· Closed October 8, 2018

48-21 5th Street #2-H
Closed For Sale Condo

$927,000

$1,181 per sq ft

48-21 5th Street #2-H

Long Island City, Queens

MLS® #RLS10418519

RLS at REBNY

Listing by Modern Spaces, LLC

1

Bedroom

1

Bath

785

Sq. Ft.

2006

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 785 sq ft
Year Built 2006
Ownership Condo
HOA/Common Charges $747/mo
Property Taxes $1,044/yr
Neighborhood Long Island City
Floor 2 of 6

Property Highlights

  • Exposure: North facing
  • Outdoor Space: Terrace

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 2 of 6
Exposure North
Pets Yes
Cross Street 48th Avenue/Hunters Point Avenue
Year Built 2006
Living Area 785 sq ft
Block/Lot 31/21

Listing History

Event Date Price Change
Listed Mar 7, 2018 $927,000 -
Price Reduced Apr 18, 2018 $950,000 +2.5%

Description

ENJOY YOUR OWN PRIVATE TERRACE

Looking for an outdoor lifestyle while still living in the city? Picture yourself in this tranquil 1 bedroom apartment at the boutique condominium building, The Gantry.

The focal point of this home is the oversized windows that look out onto your own private 408 sq foot terrace; the perfect area for mindful meditation, or enjoying meals al fresco. The outdoor space has both gas and water hookup, making it perfect for entertaining. Extra privacy is ensured with a custom bamboo fence and garden planters bordering the perimeter.

Thoughtfully designed and newly renovated, this 785 sq foot home offers energy efficient Mitsubishi Split A/C systems, California style custom-built interior closets, exterior storage and upgraded Kohler fixtures throughout.

The kitchen features high end appliances including a GE Profile range, dishwasher, and refrigerator, and Maytag microwave with convection oven. All of this and a conveniently located Miele stackable washer/dryer unit.

Located in the heart of Long Island City, The Gantry Condominium was built in 2007 and benefits from a 421-a tax abatement through 2022. The building is one block from the Gantry State Park on the waterfront, steps from all of the best restaurants in Long Island City, and two blocks from the 7 train which is just one stop to Grand Central. Building amenities include a newly upgraded lobby and fitness center, a renovated rooftop lounge and deck, doorman, and live-in super.

Being on a quiet neighborhood street one block away from Vernon Boulevard makes this spot one of the best locations in Long Island City. Close proximity to the 7, E, M and G subway trains, trendy restaurants including the Michelin-rated Casa Enrique; Gantry State and Hunters Point South Parks on the waterfront; popular Yoga Room, spin and fitness studio; shops, day spas and more.

Enjoying life in the city is easy when your home is a haven like this one.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Building Roof Deck Terrace

Appliances

Dryer Washer

Building Information

Stories 6

Financial Details

Common Charges $747/mo
RE Taxes $1,044/yr ($87/mo)
Sale Price $927,000
Previous Price $950,000

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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48-21 5th Street #2-H, Long Island City, Queens County • Near 48th Avenue/Hunters Point Avenue

Building Information

Official NYC property records for this building

2005
Year Built
21 years old
5
Floors
47
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $3,870,582
Land Value: $229,517
Exemptions: $0

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

Lot Area: 22,800 SF
Building Area: 62,826 SF
Built FAR: 2.76
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 $747 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,044, or roughly $87 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 785 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2006, making it approximately 20 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.

Pet policy requires confirmation with the listing broker.

At the current list price of $927,000 for 785 sq ft, the asking price per square foot is approximately $1,181. 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: RLS10418519
First Listed: 3/7/2018
Price Changed: 4/18/2018
Closed: 10/8/2018
Contract Date: 3/6/2018

Listing Courtesy of Modern Spaces, LLC - Mary Torres

Listing Contact: (347) 302-2100

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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