Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,050,000

Listed at $1,100,000 · Sold 4.5% below asking · Closed December 28, 2018

2-17 51st Avenue #214
Closed For Sale Condo

$1,100,000

$1,099 per sq ft

2-17 51st Avenue #214

Long Island City, Queens

MLS® #RLS10420553

RLS at REBNY

Listing by Nest Seekers International

2

Bedrooms

2

Baths

1,001

Sq. Ft.

1906

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,001 sq ft
Year Built 1906
Ownership Condo
HOA/Common Charges $627/mo
Property Taxes $360/yr
Neighborhood Long Island City
Floor 2 of 11

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1906)

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 2 of 11
Pets Yes
Cross Street 51st Avenue/50th Avenue
Year Built 1906
Living Area 1,001 sq ft
Architectural Style Prewar
Block/Lot 16/7501

Listing History

Event Date Price Change
Listed May 25, 2018 $1,100,000 -
Price Reduced Sep 24, 2018 $1,149,000 +4.5%

Description

Must see! 1001 sf loft apt convertible to a 2 bedroom and 2 full bath apartment in LIC's Power House.

Very low common charges for a luxury full service condominium compared to comparable luxury condos in the area.  The existing tax abatement does not expire until 2024!

This condominium has been described as "Raw industrial chic with contemporary styling". The kitchen has stainless steel Viking  appliances including refrigerator, chef?s stove/oven and microwave, center island with stone counter top and a wooden breakfast bar that extends to the living room. In the expansive living room, which is large enough to entertain and relax, is an oversized window that provides peaceful views. American walnut hardwood floors are thru out the apt. Brand new Bosch 3 Rack dishwasher and washer and dryer are also included.

The large master bedroom has a walk-in closet and a  bathroom with separate shower space and glass wall. The spacious second bedroom can used as a guest room, baby room or office space. The second bathroom has a soaking bathtub.

The Powerhouse is a conversion of a historic early-20th century industrial building into a loft condominium. Karl Fischer Architects and renowned interior designer Andres Escobar teamed up on this project. It's previous incarnation was a Pennsylvanian Railroad power station.

The building's amenities include 24/7 concierge service, top of the line gym equipment in the fitness center and lounge.  Residents in the building can take advantage of weekly classes of yoga, circuit training, and bootcamp, etc..Additionally, there is a children's playroom, business center, bicycle room and storage available for rent. The rooftop garden has spectacular panoramic views of the East river, along with BBQ grills and sundecks. The building offers complimentary wifi.

In terms of location, it is 2 blocks from the 7 train, which is one stop to Grand Central. Around the corner is a supermarket and drug store. It is the ideal location in LIC. Nearby is the East River Ferry, Gantry State Plaza Park and Hunters Point South. Restaurants range from Michelin stars to great local pizzerias.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed New Windows

Exterior Features

Building Roof Deck

Appliances

Dryer Washer

Building Information

Stories 11
Style Prewar

Financial Details

Common Charges $627/mo
RE Taxes $360/yr ($30/mo)
Sale Price $1,050,000
Previous Price $1,149,000

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, 7:45 AM EST

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Location

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2-17 51st Avenue #214, 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 $627 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $360, or roughly $30 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 1,001 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 $1,100,000 for 1,001 sq ft, the asking price per square foot is approximately $1,099. 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: RLS10420553
First Listed: 5/25/2018
Price Changed: 9/24/2018
Closed: 12/28/2018
Contract Date: 5/25/2018

Listing Courtesy of Nest Seekers International - Lisa Lee

Listing Contact: (212) 252-8772

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 11:45 AM UTC

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