Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $930,000

· Closed August 29, 2017

48-21 5th Street #4I
Closed For Sale Condo

$930,000

$1,185 per sq ft

48-21 5th Street #4I

Long Island City, Queens

GANTRY

MLS® #RLS10467094

RLS at REBNY

Listing by The Corcoran Group

1

Bedroom

1

Bath

785

Sq. Ft.

2007

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 785 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $703/mo
Property Taxes $984/yr
Parking Garage
Neighborhood Long Island City

Property Highlights

  • Exposure: East,North facing
  • Outdoor Space: Building Terrace, Balcony
  • Climate Control: Wall Units

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Exposure East,North
Cooling Wall Units
Pets Yes
Cross Street 48th Avenue & 49th Avenue
Year Built 2007
Living Area 785 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Aug 16, 2017 $929,000 -
Currently Apr 24, 2026 $930,000 +0.1%

Description

Extraordinary one bedroom condo with private outdoor space, located just one short block from Long Island Citys picturesque waterfront! With an expansive 785 interior square foot layout in addition to a tranquil 108 square foot balcony, this oversized one bedroom home is a true rarity in Long Island City! This apartment boasts an open kitchen concept, including gorgeous Pietra Cardosa stone countertops, stainless steel appliances, an oversized island perfect for entertaining, plenty of closets, hardwood floors throughout, as well as a Miele washer and dryer!

Designed by the award-winning GKV Architects, the Gantry is one of the premier boutique condominiums in Long Island City. This modern five-story building features luminous metal Zalmag shingles that perfectly echo the neighborhoods industrial past. This highly sought after property offers on-site parking, a recently renovated gym and residents lounge, a common roofdeck, a live-in superintendent, a part-time doorman, multiple elevators and its pet friendly. Residents also enjoy the benefits of a 421-A tax abatement.

Access to Manhattan one subway stop away, wonderful neighborhood amenities, as well as the unrivaled waterfront parks, are just some of the reasons Long Island City is a phenomenal place to call home! This property is in close proximity to the 7, G, E and M trains, as well as the New York Water Taxi. Grand Central is just a brief 5 minute commute. Other neighborhood attractions include the recently renovated Gantry Plaza State Park, MoMA PS1, the landmarked Pepsi-Cola sign, The Standing Room comedy club, the Michelin-star rated Casa Enrique restaurant and much much more!

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Balcony Building Roof Deck Building Terrace Balcony

Building Information

Financial Details

Common Charges $703/mo
RE Taxes $984/yr ($82/mo)
Original Price $929,000
Sale Price $930,000
Previous Price $929,000

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, 12:04 AM EST

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Location

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48-21 5th Street #4I, Long Island City, Queens County • Near 48th Avenue & 49th Avenue

Floor Plans

Floor Plan

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 $703 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $984, or roughly $82 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 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 $930,000 for 785 sq ft, the asking price per square foot is approximately $1,185. 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: RLS10467094
First Listed: 8/16/2017
Price Changed: 8/29/2017
Closed: 8/29/2017
Contract Date: 5/24/2017

Listing Courtesy of The Corcoran Group - Rodolfo Lucchese

Listing Contact: (917) 282-6762

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 4:04 AM UTC

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