Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,450,000

· Closed December 9, 2015

2-40 51st Avenue #1-E
Closed For Sale Condo

$1,450,000

$1,088 per sq ft

2-40 51st Avenue #1-E

Long Island City, Queens

MLS® #RLS10007319

RLS at REBNY

Listing by Modern Spaces, LLC

2

Bedrooms

2.5

Baths

1,333

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 2
Bathrooms 3 full, 1 half
Living Area 1,333 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $1,203/mo
Property Taxes $1,536/yr
Parking Garage
Neighborhood Long Island City

Property Highlights

  • Exposure: South,West facing
  • Outdoor Space: Terrace
  • Climate Control: Other

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full, 1 Half
Exposure South,West
Cooling Other
Pets Yes
Cross Street 50th Avenue/51st Avenue
Year Built 2008
Living Area 1,333 sq ft
Parking Garage Available
Block/Lot 15/7501

Listing History

Event Date Price Change
Listed Jun 22, 2015 $1,450,000 -
Currently Apr 24, 2026 $1,450,000 -

Description

This duplex townhouse has 1,333 sq ft of space with 17 foot vaulted ceilings, generously appointed rooms and a quiet ambience. Enjoy direct access to the living room from your private entrance, which leads into the spacious living area, dining room, half bath and kitchen. Expansive windows off the living area provide Northern exposure and abundant natural light. The modern open chef's kitchen includes a Viking range & hood, Kitchenaid French door refrigerator, Bosch diswasher and black Caesarstone countertop.

Upstairs you will find the master bedroom and second bedroom quietly situated with southern exposure and a tranquil 350 sq ft terrace. The large master bedroom features a walk in closet and the en-suite master bath is appointed with marble floors, stone tiles and Kohler fixtures and fitted with a deep soaking tub and a separate standing shower stall. Also generous in size, the second bedroom is accompanied with its own bath. Both bedrooms have their own private access to the terrace. In addition to the abundant closet space, Bosch washer and dryer, there is a large storage area located under the stairs.

The Foundry's amenities include a part time doorman, concierge, package room, fitness center, expansive common outdoor deck and a private deeded parking space that is capable of housing additional storage cabinets. (for an additional $75,000).

Conveniently located in the prime Hunters Point waterfront neighborhood, only one short block from the new LIC Landing park promenade, East River Ferry, children's playgrounds, dog parks, the new Urban Market grocery store, and the Vernon/Jackson stop of the 7 train which is one stop (approximately 3 minutes to Grand Central Station)

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed New Windows

Exterior Features

Building Courtyard Building Roof Deck Terrace

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $1,203/mo
RE Taxes $1,536/yr ($128/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

165

Median Asking Price

$1.20M

Median $/Sqft

$1,524

Avg Days on Market

N/A

New This Week

7

Price Reduced

18%

Sold (30 Days)

12

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/24/26, 2:02 PM EST

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Location

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2-40 51st Avenue #1-E, Long Island City, Queens County • Near 50th Avenue/51st Avenue

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

2007
Year Built
19 years old
4
Floors
57
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $4,587,127
Land Value: $860,850
Exemptions: $0

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

Lot Area: 30,400 SF
Building Area: 60,434 SF
Built FAR: 1.99
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 $1,203 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,536, or roughly $128 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 1,333 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2008, making it approximately 18 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 $1,450,000 for 1,333 sq ft, the asking price per square foot is approximately $1,088. 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: RLS10007319
First Listed: 6/22/2015
Closed: 12/9/2015
Contract Date: 6/22/2015

Listing Courtesy of Modern Spaces, LLC - Britt Nieto

Listing Contact: (347) 432-7886

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 6:02 PM UTC

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