Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,249,000

· Closed June 28, 2018

2-40 51st Avenue #3-P
Closed For Sale Condo

$1,249,000

$1,250 per sq ft

2-40 51st Avenue #3-P

Long Island City, Queens

MLS® #RLS10015903

RLS at REBNY

Listing by Compass

2

Bedrooms

2

Baths

999

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 999 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $1,228/mo
Property Taxes $1,248/yr
Parking Garage
Neighborhood Long Island City
Floor 3 of 4

Property Highlights

  • Views: City
  • Exposure: North,West facing
  • Outdoor Space: Patio, Terrace, Rooftop

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 3 of 4
View City
Exposure North,West
Pets Yes
Cross Street 50th Avenue/51st Avenue
Year Built 2008
Living Area 999 sq ft
Parking Garage Available
Block/Lot 15/7501

Listing History

Event Date Price Change
Listed Oct 13, 2017 $1,249,000 -
Price Reduced Jan 17, 2018 $1,300,000 +4.1%

Description

Exquisite 2-bedroom/2 bath Duplex available with Two private terraces in LIC! Welcome home to one of the most sought after buildings in Long Island City ?The Foundry? at Hunters Point; located just a block from the beautiful Gantry State Park, 2 blocks from the 7 train's Vernon Jackson stop and a short distance from some of the best restaurants and shops in the area. We are pleased to present one of the most unique residences in the Long Island City area; a 2 bed / 2 bath duplex with two private outdoor spaces. This floor plan is great for entertaining guest and built like a townhome in a condo unit. Upon entry you face an open kitchen showcasing high-end stainless steel appliances including a dishwasher, microwave, Viking stove and built in wine cooler. The living room features natural light filling the entire floor with 12 ft, floor to ceiling windows creating an open and airy feel. A massive sized master bedroom on the 2nd floor has ample storage and a private terrace perfect for entertaining or a quiet read. Last but not least, is your private roof deck extended on a private oasis where you can enjoy sunsets and an intimate setting. Amenities include a part-time doorman, gym, parking, and an expansive landscaped courtyard. 421A ? 15 year tax abatement expires in 2024. Call for a private tour of your new home today.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed New Windows

Exterior Features

Building Courtyard Building Roof Deck Patio Terrace Rooftop

Appliances

Dryer Washer

Building Information

Stories 4

Financial Details

Common Charges $1,228/mo
RE Taxes $1,248/yr ($104/mo)
Previous Price $1,300,000

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

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

Similar Listings in Long Island City

View All

Location

Loading map...

2-40 51st Avenue #3-P, Long Island City, Queens County • Near 50th Avenue/51st Avenue

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 $1,228 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,248, or roughly $104 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 999 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 $1,249,000 for 999 sq ft, the asking price per square foot is approximately $1,250. 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: RLS10015903
First Listed: 10/13/2017
Price Changed: 1/17/2018
Closed: 6/28/2018
Contract Date: 10/12/2017

Listing Courtesy of Compass - LaQuana McNeil

Listing Contact: (646) 461-6633

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 2:57 PM UTC

Buying a Condo? Start Here

Complete Guide to Queens Real Estate 2026

Neighborhoods, pricing, commutes, and investment across Queens.

Read article

Long Island City: Complete 2026 Guide

LIC's luxury highrises, pricing, and Manhattan commute comparison.

Read article

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton