Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $799,000

· Closed February 12, 2019

5-49 Borden Avenue #5-C
Closed For Sale Condo

$799,000

$1,155 per sq ft

5-49 Borden Avenue #5-C

Long Island City, Queens

MLS® #RLS10422024

RLS at REBNY

Listing by Compass

1

Bedroom

1

Bath

692

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 692 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $503/mo
Property Taxes $216/yr
Parking Garage
Neighborhood Long Island City
Floor 5 of 12

Property Highlights

  • Views: City
  • Exposure: South facing
  • Outdoor Space: Terrace

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 5 of 12
View City
Exposure South
Cooling Wall Units
Pets Yes
Cross Street 5th Street/Vernon Boulevard
Year Built 2008
Living Area 692 sq ft
Parking Garage Available
Block/Lot 34/7501

Listing History

Event Date Price Change
Listed Nov 14, 2014 $799,000 -
Price Reduced Sep 6, 2018 $810,000 +1.4%

Description

The apartment can be delivered with the current tenant in place, or it can be delivered vacant. Minutes from Grand Central Terminal and moments from the 7 and G Trains and East River ferries, this south facing gem totals approximately 760SF inclusive of interior and outdoor space. Located in one of Hunter Point's finest full service doorman buildings, equipped with a fitness center, indoor parking, a lounge and a residents garden just off the lobby. Five floors up you'll find this nicely appointed 1 Bedroom / 1 Bath with a private terrace finished with Fisher & Paykal refrigerator, dishwasher and stove, Sharp Microwave and a Bosch stacked Washer/Dryer in-unit. The kitchen also has granite counters, custom cabinetry throughout enabling you to store your largest cooking items, for the chefs out there. The super low common charges include gas, and there is a tax abatement in place until 2024. The building could not be any more conveniently located: A short walk across the Pulaski Bridge into Greenpoint, you're also surrounded by the burgeoning craft brewery scene, the nearby LIC Flea & Food and the 12-acre Gantry Plaza State Park. You can have it all in one of LIC's established full service buildings.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Building Courtyard Building Roof Deck Terrace

Appliances

Dryer Washer

Building Information

Stories 12

Financial Details

Common Charges $503/mo
RE Taxes $216/yr ($18/mo)
Sale Price $799,000
Previous Price $810,000

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, 6:06 AM EST

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Location

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5-49 Borden Avenue #5-C, Long Island City, Queens County • Near 5th Street/Vernon Boulevard

Building Information

Official NYC property records for this building

2008
Year Built
18 years old
12
Floors
132
Residential Units
M1-5/R7X
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $13,566,294
Land Value: $497,247
Exemptions: $0

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

Lot Area: 25,518 SF
Building Area: 130,984 SF
Built FAR: 5.13
Allowed FAR: 5

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 $503 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $216, or roughly $18 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 692 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 $799,000 for 692 sq ft, the asking price per square foot is approximately $1,155. 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: RLS10422024
First Listed: 11/14/2014
Price Changed: 9/6/2018
Closed: 2/12/2019
Contract Date: 9/6/2018

Listing Courtesy of Compass - Andrew Gordon

Listing Contact: (516) 241-2947

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 10:06 AM UTC

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