Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,570,000

· Closed June 1, 2017

2-17 51st Avenue #216
Closed For Sale Condo

$1,570,000

$1,157 per sq ft

2-17 51st Avenue #216

Long Island City, Queens

MLS® #RLS10030456

RLS at REBNY

Listing by Modern Spaces, LLC

2

Bedrooms

2

Baths

1,357

Sq. Ft.

1906

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,357 sq ft
Year Built 1906
Ownership Condo
HOA/Common Charges $912/mo
Property Taxes $480/yr
Neighborhood Long Island City
Floor 2 of 11

Property Highlights

  • Exposure: North facing
  • Outdoor Space: Terrace
  • Style: Prewar architecture

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 2 of 11
Exposure North
Pets Yes
Cross Street 51st Avenue/50th Avenue
Year Built 1906
Living Area 1,357 sq ft
Architectural Style Prewar
Block/Lot 16/7501

Listing History

Event Date Price Change
Listed Jul 25, 2015 $1,570,000 -
Price Reduced Apr 21, 2016 $1,595,000 +1.6%

Description

Priced to sell! Stylish and sophisticated 2BR 2BA with large private terrace at The Powerhouse, one of the most coveted Condominium in LIC. This wonderful apartment features a sizable living room that opens to a ?courtyard-enclosed? terrace, total 1557 sq ft. The superb open chefs kitchen with gleaming white lacquer cabinetry, glass backsplash, and stainless steel Viking and Miele appliances, are surrounded by quartzite counter tops with a center island and complimented with a Wedgwood breakfast bar. Ample pantry. The large master bedroom offers a walk-in closet with built in shelves & en-suite and the good-sized second bedroom includes a substantial wall closet also with built in shelves. American walnut hardwood floors and w/d located in the unit.

POWERHOUSE ? The turn-of-the-century Pennsylvanian Railroad power station transformed into a luxury residence on Long Island City. A masterful collaboration of the world-renowned architect, Karl Fisher and distinguished interior designer, Andres Escobar. THE AMENITIES: 24/7 concierge, live-in superintendent, free WiFi, state-of-the-art fitness center. Aqua Grotto, a full-service spa featuring a social whirlpool & sauna, steam room, and massage room. Lounge area equipped with pool table and wet bar, media room, business center, children?s playroom, bicycle storage, communal cold storage, roof terrace with cityscape views, sunbathing deck, BBQ grills and picnic tables on-site, parking and storage space rentals are available

THE LOCATION: Just 5 minutes away from the 7 train (only one stop from Grand Central) and steps from the waterfront parks, the Powerhouse brings tranquility while being convenient. The building is one of the most desirable developments in the neighborhood, renowned for its sizable apartments and characteristic charm. Low all-inclusive common charges with a eight year tax abatement remaining till 2024

Features & Amenities

Interior Features

Pantry Building Washer Dryer Install Allowed New Windows Wheelchair Access

Exterior Features

Building Roof Deck Terrace

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $912/mo
RE Taxes $480/yr ($40/mo)
Sale Price $1,570,000
Previous Price $1,595,000

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

6

Price Reduced

18%

Sold (30 Days)

12

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/24/26, 3:05 AM EST

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Location

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2-17 51st Avenue #216, 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 $912 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $480, or roughly $40 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 1,357 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 $1,570,000 for 1,357 sq ft, the asking price per square foot is approximately $1,157. 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: RLS10030456
First Listed: 7/25/2015
Price Changed: 4/21/2016
Closed: 6/1/2017
Contract Date: 4/21/2016

Listing Courtesy of Modern Spaces, LLC - Kenneth Lee

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 4/24/2026 at 7:05 AM UTC

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