Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $850,000

· Closed June 15, 2018

5-27 51ST Avenue #2G
Closed For Sale Condo

$850,000

$1,250 per sq ft

5-27 51ST Avenue #2G

Long Island City, Queens

FIVE27

MLS® #RLS10898194

RLS at REBNY

Listing by Brown Harris Stevens Queens LLC

1

Bedroom

1

Bath

680

Sq. Ft.

2013

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 680 sq ft
Year Built 2013
Ownership Condo
HOA/Common Charges $483/mo
Property Taxes $420/yr
Parking Garage
Neighborhood Long Island City
Floor 2 of 4

Property Highlights

  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 2 of 4
Pets Yes
Cross Street 5th Street/Vernon Boulevard
Year Built 2013
Living Area 680 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Oct 10, 2023 $850,000 -
Currently Apr 23, 2026 $850,000 -

Description

This bright, south-facing 1BR is available for sale at 5-27 51st Avenue, one of Long Island City's best-located boutique luxury condos.

At nearly 700 sq.ft., this functional and smart layout wastes no space, making this home feel comfortable and spacious. The apartment boasts a beautiful kitchen with Ceasarstone Quarz counter tops and high-quality appliances, including Kitchen Aid oven range, microwave, and dishwasher, as well as Fisher & Paykel refrigerator. The kitchen flows nicely in to the dining/living room, which is large and bright and looks out on to charming 51st Avenue. The bedroom easily fits a queen-sized bed, with ample room left over for additional furniture. Kohler and Duravit fixtures in the bathroom, LG washer/dryer, white oak floors, and ample storage complete this thoughtfully-designed 1BR.

Five27 is a boutique condominium designed with architecture that is both modern and urban. The building includes an eight-hour doorman, as well as a 24-hour virtual doorman, an outdoor common terrace with a grill, a fitness center, and a lounge for relaxing or hosting parties. Storage lockers and bike storage are also available for rent.Five27 is conveniently located just a few short blocks from the Vernon/Jackson subway stop on the 7 train, and it is one stop to Midtown Manhattan. Long Island City is one of the hottest neighborhoods in NYC, and at Five27, you are just minutes from restaurants, bars, shops, the subway, the East River Ferry, and the magical waterfront park. The building offers a 421-a tax abatement in place until June 30th, 2029.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Washer Dryer Allowed

Building Information

Building FIVE27
Total Units 27
Stories 4

Financial Details

Common Charges $483/mo
RE Taxes $420/yr ($35/mo)
Sale Price $850,000

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, 12:41 PM EST

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Location

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5-27 51ST Avenue #2G, Long Island City, Queens County • Near 5th Street/Vernon Boulevard

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

2012
Year Built
14 years old
5
Floors
27
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $2,837,264
Land Value: $349,661
Exemptions: $1,625,933

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

Lot Area: 10,538 SF
Building Area: 22,991 SF
Built FAR: 2.18
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 $483 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $420, or roughly $35 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 680 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2013, making it approximately 13 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 $850,000 for 680 sq ft, the asking price per square foot is approximately $1,250. 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: RLS10898194
First Listed: 10/10/2023
Price Changed: 10/10/2023
Closed: 6/15/2018
Contract Date: 2/26/2018

Listing Courtesy of Brown Harris Stevens Queens LLC - Jonna Stark

Listing Contact: (917) 696-3698

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 4:41 PM UTC

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