2-40 51st Avenue #2-R
MLS® #RLS10016407
Listing by Compass
2
Bedrooms
2
Baths
973
Sq. Ft.
2008
Year Built
Quick Summary
Property Highlights
- Views: City
- Exposure: North facing
- Outdoor Space: Terrace
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Apr 3, 2018 | $1,190,000 | - |
| Price Reduced | Aug 13, 2018 | $1,249,000 | +5.0% |
Description
This spacious 2 Bedroom, 2 Bath home with a private terrace is now available at The Foundry, a boutique condo building on a quiet tree-lined street near the prime Long Island City waterfront. Floor-to-ceiling windows offer ample light as you enter the open kitchen/living area. Large split bedrooms, hardwood flooring, washer/dryer and large closets are also featured in this home. The Foundry is an 4-story condominium consisting of 57 homes, was completed in 2008, and has a 15 year tax abatement expiring in 2024. The building provides residents with an amenity package consisting of a part-time door-person, concierge, on-site super, package room, fitness center, expansive common outdoor deck, and private garaged parking. Conveniently located on a peaceful residential block 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, CVS, and the Vernon/Jackson stop of the 7 train. *co-listing with Modern Spaces
Features & Amenities
Interior Features
Exterior Features
Appliances
Building Information
Financial Details
About Long Island City
View All Long Island City ListingsLong 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 NeighborhoodActive 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, 10:57 AM EST
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Location
2-40 51st Avenue #2-R, Long Island City, Queens County • Near 50th Avenue/51st Avenue
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $1,089 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $1,116, or roughly $93 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 973 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 $1,190,000 for 973 sq ft, the asking price per square foot is approximately $1,223. 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) 416-7433Listing Courtesy of Compass - Gilbert Morales
Listing Contact: (917) 805-6656
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 Data display by Keller Williams NYC. Data last updated on 4/23/2026 at 2:57 PM UTC