Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,070,000

Listed at $1,495,000 · Sold 28.4% below asking · Closed October 4, 2018

2-17 51st Avenue #1006
Closed For Sale Condo

$1,495,000

$1,322 per sq ft

2-17 51st Avenue #1006

Long Island City, Queens

MLS® #RLS10435273

RLS at REBNY

Listing by Modern Spaces

2

Bedrooms

2

Baths

1,131

Sq. Ft.

1906

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,131 sq ft
Year Built 1906
Ownership Condo
HOA/Common Charges $856/mo
Property Taxes $504/yr
Neighborhood Long Island City
Floor 10 of 11

Property Highlights

  • Views: City
  • Exposure: South facing
  • Style: Prewar architecture

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 2 Full
Floor 10 of 11
View City
Exposure South
Heating Natural Gas
Cooling Wall Units
Pets Yes
Cross Street 51st Avenue/50th Avenue
Year Built 1906
Living Area 1,131 sq ft
Architectural Style Prewar
Block/Lot 16/7501

Listing History

Event Date Price Change
Listed Aug 7, 2013 $1,495,000 -
Price Reduced Oct 15, 2013 $1,130,000 -24.4%

Description

Captivating skylines, expansive waterways and magnificent sunsets? be enraptured by the outstanding vistas offered from this distinctive condo home. Impressive wood panels of Chinese juniper enrich the living room walls and instill lavish embodiment while breathtaking Manhattan and East river views transfix the eye. Perched high on the 10th floor, all 3 rooms are south facing and engulfed in light while its double pane oversize windows lend to the incredible sights of shore-lined cityscapes and outstretched sky. Added to this are 9?6? ceilings and rich, warm American walnut floors. With the added built-in details & exceptional wood finishes throughout, this remarkable abode is like no other.

Enjoy entertaining in the open crisp modernity of the chef kitchen composed of white lacquer cabinetry, glass back splash, Viking brand stainless steel appliances that include dishwasher & microwave and a wide gleaming Caesarstone countertop that invites casual bar seat dining. Bosch washer/dryer also provided in apt.

Both bedrooms are spacious enough to accommodate a king bed with the master bedroom featuring a sizeable walk-in closet. Three other ample closets found throughout. Offset is the ensuite bathroom with its overhead rain shower fixture by Grohe while the second bathroom offers a deep soaking tub. Each bathroom is complemented by soothing Italian tiles within its minimalistic aesthetics enhanced by a Lacava sink, Kohler faucets and a deep ebony wood vanity with a marble stone countertop.

The Powerhouse is designed by world-renowned architect, Karl Fisher and distinguished interior designer, Andres Escobar, who breathe new life into a turn of the century Pennsylvanian Railroad power station, transforming it into this highly sought luxury residence on the East River.

Building amenities include: 24/7 concierge ? live in super ? free building-wide wifi ? state-of-the-art fitness centre ? a massage room ? lounge area equipped with pool table and wet bar ? children?s playroom ? bicycle storage ? business centre ? cold storage. Panoramic city views also found at the expansive common roof terrace featuring BBQ grills, dining areas & sundeck. Nearby parking is available for rent.

Location is ideal, being only one block radius to the Gantry riverside walkways & parks, the 7 train direct by one stop into Grand Central and the quick East River ferry access ? all so close by. Popular food markets, banks & Duane Reade are all accessible within a short distance, while Vernon Blvd with all its charming restos, cafes and unique shops is a mere block and a half away. With its perfect location, the Powerhouse brings tranquility, convenience and is one of the most desirable developments in LIC.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed New Windows Wheelchair Access

Exterior Features

Building Roof Deck

Appliances

Dryer Washer

Building Information

Stories 11
Style Prewar

Financial Details

Common Charges $856/mo
RE Taxes $504/yr ($42/mo)
Sale Price $1,070,000
Previous Price $1,130,000

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, 9:22 AM EST

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Location

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2-17 51st Avenue #1006, Long Island City, Queens County • Near 51st Avenue/50th Avenue

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1909
Year Built
117 years old
11
Floors
177
Residential Units
M1-5/R8A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $11,629,786
Land Value: $504,900
Exemptions: $0

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

Lot Area: 28,724 SF
Building Area: 199,706 SF
Built FAR: 6.95
Allowed FAR: 6.02

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 $856 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $504, or roughly $42 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,131 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1906, making it approximately 120 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 $1,495,000 for 1,131 sq ft, the asking price per square foot is approximately $1,322. 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: RLS10435273
First Listed: 8/7/2013
Price Changed: 10/15/2013
Closed: 10/4/2018
Contract Date: 6/20/2018

Listing Courtesy of Modern Spaces - Mae Liew

Listing Contact: (718) 784-1110

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 1:22 PM UTC

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