Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $757,500

· Closed February 19, 2021

5 51ST Avenue #2E
Closed For Sale Condo

$757,500

$1,114 per sq ft

5 51ST Avenue #2E

Long Island City, Queens

Five27

MLS® #RLS10602733

RLS at REBNY

Listing by Modern Spaces

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 $449/mo
Property Taxes $384/yr
Parking Garage
Neighborhood Long Island City
Floor 2 of 5

Property Highlights

  • Exposure: South facing
  • Parking: Private garage
  • New Construction: Brand new building

Property Details

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

Listing History

Event Date Price Change
Listed Jan 6, 2020 $520,000 -
Currently Apr 22, 2026 $757,500 +45.7%

Description

Welcome to 5-27 a young boutique condominium built in 2012 at the heart of Hunters Point, LIC? steps away from the waterfront Gantry State Park as well as the 7 train, ferry service to Manhattan/ Brooklyn, schools, parks, supermarkets, cafes/ restaurants and the new library!

The clean lines of the home begin the moment you step inside. The extra spacious living area has tons of natural southern sunlight overlooking a quiet tree lined residential block . The bedroom offers southern exposures, and plenty of room for a King bed. Unique to the E line only, the bedroom offers an extra large walk in closet.

An open concept kitchen overlooking the main room it boasts top of line Kitchen Aid and Fisher Paykel stainless steel appliances along with a glass mosaic backsplash and quartz countertops- doubling as a full-size breakfast bar.

The bathroom is lined with porcelain subway tiles with soft, neutral white and grey tones. There is also a washer and dryer in a ?walk in ?laundry room? for everyday convenience and extra storage.

Deeded dedicated parking is optional in the building & can be sold separately. Ask for details.

A fully equipped fitness center with large windows overlooking the outdoors, virtual doorman, and bike storage are offered to all residents. Gorgeous lobby and dedicated resident media room for entertaining. Private roof-deck with Weber grill and furniture.

This boutique condominium building is at the heart of it all- steps to the beautiful waterfront Gantry State Park, FoodCellar, shops/ restaurants and schools. The 7 train is 2 minutes away and Manhattan and Brooklyn can also be accessed via the East Ferry service.

527 Condominium has years remaining on a 421a tax abatement ($56/month) expiring Oct 2028 & very low CC?s $449/month. Because this is a resale the Buyer is NOT responsible to pay for NYS/NYC Transfer taxes which is a savings of $15,500!

Features & Amenities

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $449/mo
RE Taxes $384/yr ($32/mo)
Original Price $520,000
Sale Price $757,500

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

166

Median Asking Price

$1.20M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

10

Price Reduced

17%

Sold (30 Days)

13

Median Sale Price

$1.24M

Live data from RLS at REBNY • Updated 4/22/26, 6:24 AM EST

Similar Listings in Long Island City

View All

Location

Loading map...

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

Building Information

Official NYC property records for this building

1960
Year Built
66 years old
3
Floors
5
Residential Units
M1-4/R6A
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $837,450
Land Value: $168,750
Exemptions: $0

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

Lot Area: 7,500 SF
Building Area: 16,500 SF
Built FAR: 2.2
Allowed FAR: 3

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 $449 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $384, or roughly $32 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 $757,500 for 680 sq ft, the asking price per square foot is approximately $1,114. 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: RLS10602733
First Listed: 1/6/2020
Price Changed: 2/25/2021
Closed: 2/19/2021
Contract Date: 1/6/2020

Listing Courtesy of Modern Spaces - Antipas Dimakopoulos

Listing Contact: (917) 721-6056

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 4/22/2026 at 10:24 AM UTC

Buying a Condo? Start Here

Complete Guide to Queens Real Estate 2026

Neighborhoods, pricing, commutes, and investment across Queens.

Read article

Long Island City: Complete 2026 Guide

LIC's luxury highrises, pricing, and Manhattan commute comparison.

Read article

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton