Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $858,000

· Closed December 6, 2016

5-49 Borden Avenue #PH-B
Closed For Sale Condo

$858,000

5-49 Borden Avenue #PH-B

Long Island City, Queens

MLS® #RLS10101170

RLS at REBNY

Listing by Modern Spaces, LLC

1

Bedroom

1

Bath

N/A

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 2008
Ownership Condo
HOA/Common Charges $453/mo
Property Taxes $264/yr
Parking Garage
Neighborhood Long Island City
Floor 12 of 12

Property Highlights

  • Views: City, River
  • Exposure: North,West facing
  • Outdoor Space: Balcony

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 12 of 12
View City, River
Exposure North,West
Heating Natural Gas
Pets Yes
Cross Street 5th Street/Vernon Boulevard
Year Built 2008
Parking Garage Available
Block/Lot 34/7501

Listing History

Event Date Price Change
Listed Oct 18, 2016 $858,000 -
Currently Apr 24, 2026 $858,000 -

Description

An Investor?s Dream-Beautiful PH one bedroom residence in the highly sought-after One Hunters Point condominium in LIC!

As soon as you step into this spacious Penthouse residence, you see the magnificent unobstructed city, and bridge views from the large windows and XL balcony. The Penthouse Level features extra high ceilings that give the home an open, spacious feel. Hardwood floors run throughout the home; floor-to-ceiling windows let in nice light but keep the noise out.

Step out onto the extra large balcony with your morning cup of coffee and take in the sights! The open kitchen features stainless steel Fisher-Paykel appliances, double drawer dishwashers, sleek granite countertops and upgraded cabinetry. A Bosch washer/dryer set provides extra convenience.

The large bedroom has picture windows with the same wonderful open views and features 2 large closets. This line is laid out to maximize space!

One Hunters Point offers a full-time concierge, live-in super, fitness center, resident lounge, bike storage, cold storage, on-site parking, and a beautiful private yard with seating, barbecue grills and fire pit! The building is steps from the 7 train, the East River Ferry to Manhattan/Brooklyn, and is located conveniently near supermarkets, schools, the new library, restaurants, MoMA PS1, and waterfront parks!

There is a15-year 421-A tax abatement in place until June 2024. Tenants currently in place- investors are welcome! A low monthly maintenance and very strong condominium financials set this home apart!

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Building Courtyard Balcony Building Roof Deck Balcony

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $453/mo
RE Taxes $264/yr ($22/mo)

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, 6:25 AM EST

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Location

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5-49 Borden Avenue #PH-B, 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 $453 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $264, or roughly $22 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

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.

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: RLS10101170
First Listed: 10/18/2016
Closed: 12/6/2016
Contract Date: 10/18/2016

Listing Courtesy of Modern Spaces, LLC - Kayla Lee

Listing Contact: (646) 327-9517

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 10:25 AM UTC

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