Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,285,000

· Closed December 18, 2017

50 2ND Street #206
Closed For Sale Condo

$1,285,000

$1,149 per sq ft

50 2ND Street #206

Long Island City, Queens

THE POWERHOUSE

MLS® #RLS10408211

RLS at REBNY

Listing by Halstead dba Brown Harris Stevens Residential Sales LLC

1

Bedroom

2

Baths

1,118

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2
Living Area 1,118 sq ft
Year Built N/A
Ownership Condo
HOA/Common Charges $713/mo
Property Taxes $420/yr
Parking Garage
Neighborhood Long Island City

Property Highlights

  • Exposure: South facing
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths null Full
Exposure South
Pets Yes
Cross Street 51st Ave/50th Ave
Living Area 1,118 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Feb 23, 2017 $1,329,000 -
Currently Apr 23, 2026 $1,285,000 -3.3%

Description

The beautiful views, the open space, the 24/7 full service building. Don't miss out on this 1,118 sq. ft.,beauty.

With a massive Master Suite, generous kitchen/dining/living room, two full bathrooms and one accommodating multi-purpose room, it provides all the space you need to spread out, relax and live in comfort, luxury, and style. The apartment features new American Cherry floors, upgraded appliances and lighting, and a beautifully enhanced kitchen island. The southern exposure combined with 11-ft ceilings and oversize windows ensures an abundance of natural light throughout the day and a feeling of openness. The large Master Bedroom easily accommodates a King-sized bed, and the walk-in closet and separate double closet provides all the room you could hope for. The en suite bathroom features a dual-basin vanity, marble floors and walls, a walk-in rain shower, and a sizable linen closet. The kitchen was upgraded about a year ago to feature Fisher-Paykel and Bosch appliances, white lacquered and dark walnut cabinetry, and quartz countertops.

Envisioned by world-renowned architect Karl Fisher and distinguished interior designer Andres Escobar, the Powerhouse offers 24/7 concierge services; the assurance of a live-in superintendent; free Wi-Fi; a spacious and chic modern industrial lobby; and, a state-of-the-art and stylish gym, which has easy access to Aqua Grotto - a full-service spa featuring a social rainfall whirlpool, sauna, and steam room. There's also a private room reserved for massage services.

On top of that, the pet-friendly building contains bicycle storage, a media screening room, a business center - perfect for those work-from-home days, a children's playroom, and cold storage. The Powerhouse has a massive, furnished roof terrace with gorgeous panoramic views of Manhattan, Brooklyn, and Queens. BBQ grills are available for residents to use and entertain.

All of this for low common charges and a monthly tax bill that enjoys an abatement until 2024.

The location can't be beat - two blocks to the subway, one block to the waterfront and the East River Ferry Landing and LIC's fantastic parks and dog runs. There's a supermarket around the corner and a planned CVS drug store across the street. An array of restaurants, bars, and shops are all within several blocks.

Come see for yourself how good life can be at the Powerhouse!

Building Information

Building THE POWERHOUSE
Total Units 175
Stories 11

Financial Details

Common Charges $713/mo
RE Taxes $420/yr ($35/mo)
Original Price $1,329,000
Sale Price $1,285,000
Previous Price $1,329,000

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

164

Median Asking Price

$1.20M

Median $/Sqft

$1,525

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, 3:55 PM EST

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Location

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50 2ND Street #206, Long Island City, Queens County • Near 51st Ave/50th Ave

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
2
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $211,860
Land Value: $34,320
Exemptions: $0

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

Lot Area: 1,800 SF
Building Area: 2,400 SF
Built FAR: 1.33
Allowed FAR: 2

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 $713 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $420, or roughly $35 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 2 full bathrooms.

The listed interior living area is 1,118 square feet. Verify dimensions independently during due diligence.

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 $1,285,000 for 1,118 sq ft, the asking price per square foot is approximately $1,149. 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: RLS10408211
First Listed: 2/23/2017
Price Changed: 6/9/2017
Closed: 12/18/2017
Contract Date: 2/23/2017

Listing Courtesy of Halstead dba Brown Harris Stevens Residential Sales LLC - Robert Whalen

Listing Contact: (718) 878-1801

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 7:55 PM UTC

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