5 48TH Avenue #8L
MLS® #RLS10090753
Listing by Halstead dba Brown Harris Stevens Residential Sales LLC
1
Bedroom
1
Bath
814
Sq. Ft.
2005
Year Built
Quick Summary
Property Highlights
- Exposure: North facing
- Parking: Private garage
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Aug 22, 2016 | $1,135,000 | - |
| Price Reduced | Oct 17, 2016 | $990,000 | -12.8% |
| Currently | Apr 24, 2026 | $970,000 | -2.0% |
Description
Just Reduced! PRICED TO SELL!!! Rarely on the market, this spacious 814 sq.ft. penthouse one-bedroom with an additional 732 sq.ft. terrace is available for purchase at 5th Street Lofts!
Not your cookie-cutter, tiny apartment, this unit offers a one-of-a-kind space found no where else in Long Island City. This charming and bright unit comes with high quality condo finishes, including a state-of-the-art gourmet kitchen with Caesar stone countertops, glass tile backsplash, Liebherr refrigerator, Bosch range, dishwasher, and microwave, dark wood cabinetry, garbage disposal, and Kohler fixtures. Bosch washer/dryer included. Bathroom includes Limestone sink vanity and over-sized shower.
The unit offers massive storage space, and the bedroom has a walk-in closet. Beyond the apartment is the huge private rooftop terrace accessible directly from the apartment that is perfect for entertaining, growing your own plants and vegetables, or just relaxing with a glass of wine enjoying the NYC skyline. This penthouse unit is located in the coveted 5SL, a luxury condominium building located in the heart of LIC. The building features a 24-hour concierge, fitness center, children's playroom, rooftop terrace and common courtyard. Just a block from the waterfront, 5SL boasts one of the most prime locations in Long Island City.
It is also conveniently located near many lovely restaurants, grocery stores, and boutique shops. One subway stop from Grand Central and Midtown Manhattan, this is one of the most unique and beautiful spaces available on the market in LIC. A 15-year 421-A tax abatement is in place until June 30th, 2024.
There is a 2-year assessment of $43.36/month starting January 1st, 2017 for building upkeep projects.
Features & Amenities
Interior Features
Building Information
Financial Details
About Long Island City
View All Long Island City ListingsLong 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 NeighborhoodActive 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, 3:05 AM EST
Similar Listings in Long Island City
View All
Active
37-34 33rd Street #7-E
Condo • RLS #RLS20058321
Active
37-34 33rd Street #6-D
Condo • RLS #RLS20063362
Active
22-18 JACKSON Avenue #608
Condo • RLS #RLS20067721
Active
44-27 Purves Street #4A
Condo • RLS #RLS20085163
Active
21-45 44TH Drive #6B
Condo • RLS #RLS20077273
Active
3 Court Square #910
Condo • RLS #RLS20036898
Browse More NYC Properties
In This Neighborhood
By Property Type
By Borough
Location
5 48TH Avenue #8L, Long Island City, Queens County • Near Vernon Blvd/5th St
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $721 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $732, or roughly $61 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 814 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 2005, making it approximately 21 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 $970,000 for 814 sq ft, the asking price per square foot is approximately $1,192. 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) 416-7433Listing Courtesy of Halstead dba Brown Harris Stevens Residential Sales 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 Data display by Keller Williams NYC. Data last updated on 4/24/2026 at 7:05 AM UTC