Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
50-07 5th Street #5-D
Interested in this property?
Active For Sale Condo

$877,000

$1,645 per sq ft

50-07 5th Street #5-D

Long Island City, Queens

MLS® #RLS20095185

RLS at REBNY

Listing by Modern Spaces

Open House Scheduled

Sunday, June 7 • 1:00 PM – 2:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

1

Bedroom

1

Bath

533

Sq. Ft.

2023

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 533 sq ft
Year Built 2023
Ownership Condo
HOA/Common Charges $587/mo
Property Taxes $8,064/yr
Parking Garage
Neighborhood Long Island City
Floor 5 of 6

Property Highlights

  • Exposure: East facing
  • Outdoor Space: Balcony
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 5 of 6
Exposure East
Cooling Central Air
Pets Yes
Cross Street 50th Avenue/51st Avenue
Year Built 2023
Living Area 533 sq ft
Parking Garage Available
Structure Type None
Block/Lot 0033/0027

Listing History

Event Date Price Change
Listed Jun 2, 2026 $877,000 -
Currently Jun 2, 2026 $877,000 -

Description

Introducing Residence 5D -- impeccably maintained 1-bedroom, 1-bathroom home offering sophisticated design, premium finishes, and exceptional natural light throughout.

Thoughtfully crafted with contemporary elegance, this pristine home features airy 10-foot ceilings, wide-plank 7-inch oak flooring, and a private balcony with open eastern exposure, creating a bright and inviting living environment.

The open kitchen showcases custom Italian cabinetry complemented by fully paneled Fisher & Paykel appliances and Bosch gas range. While the spa-inspired bathroom is appointed with imported Italian and Spanish tilework, a luxurious Grohe shower system, and Toto fixtures, creating a serene retreat designed for everyday comfort.

Additional highlights include an in-unit washer and dryer, an energy-efficient Mitsubishi HVAC system, Fingerprint Smart Lock, and floor-to-ceiling Cortizo windows from Spain that fill the home with natural light throughout the day.

The Alchemy is a 6-story, 17-unit boutique building located in the heart of Hunters Point in Long Island City. Building amenities include a furnished roof deck with a BBQ grill, fitness center, bike storage, and ButterflyMX Intercom System.

Just two blocks from Gantry Plaza State Park, residents enjoy easy access to the waterfront, featuring expansive green spaces, scenic promenades, and iconic Manhattan skyline views. Commuting to Manhattan is effortless via the 7 train and East River Ferry.

Contact the listing agent for a private tour.

Some photos have been virtually staged.

Features & Amenities

Interior Features

Entrance Foyer Building Washer Dryer Install Allowed In Unit

Exterior Features

Building Storage Balcony Private Outdoor Space Under60 Sqft Balcony

Building Amenities

Elevators

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $587/mo
RE Taxes $8,064/yr ($672/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

181

Median Asking Price

$1.19M

Median $/Sqft

$1,541

Avg Days on Market

N/A

New This Week

3

Price Reduced

22%

Sold (30 Days)

4

Median Sale Price

$976K

Live data from RLS at REBNY • Updated 6/2/26, 7:41 PM EST

Similar Listings in Long Island City

View All

Location

Loading map...

50-07 5th Street #5-D, Long Island City, Queens County • Near 50th Avenue/51st Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2022
Year Built
4 years old
6
Floors
17
Residential Units
M1-4/R6A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $2,055,599
Land Value: $308,699
Exemptions: $0

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

Lot Area: 5,000 SF
Building Area: 13,079 SF
Built FAR: 2.62
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 $587 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $8,064, or roughly $672 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 533 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2023, making it approximately 3 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 $877,000 for 533 sq ft, the asking price per square foot is approximately $1,645. 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: RLS20095185
First Listed: 6/2/2026
On Market: 6/2/2026
Price Changed: 6/2/2026
Contract Date: 5/26/2026

Listing Courtesy of Modern Spaces - Alexis Yoo

Listing Contact: (917) 364-8383

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 6/2/2026 at 11:41 PM UTC

Buying a Condo? Start Here

Complete Guide to Queens Real Estate 2026

Neighborhoods, pricing, commutes, and investment across Queens.

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

How to Read a Condo Offering Plan

Decode the offering plan before you commit to any new development.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email