SOLD FOR $1,600,000
· Closed December 6, 2024
47-05 5th Street #PH-602
MLS® #RLS11006605
Listing by Nest Seekers LLC
2
Bedrooms
2
Baths
1,012
Sq. Ft.
2016
Year Built
Quick Summary
Property Highlights
- Views: City, River
- Exposure: East,North,South facing
- Outdoor Space: Terrace
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Sep 4, 2024 | $1,600,000 | - |
| Currently | Jun 7, 2026 | $1,600,000 | - |
Description
Welcome to Unit #602 at The Monarch Condominium - an unparalleled gem in the heart of Long Island City!
This exceptional 2-Bedroom/2-Bathroom residence boasts a sprawling 1,012 SQFT interior space and a breathtaking 1,232 SQFT private terrace, offering an extraordinary blend of indoor and outdoor living.
Upon entering this corner unit, you’ll be immediately captivated by the expansive terrace — a rare find in today’s market. This outdoor sanctuary provides stunning skyline views of Long Island City, creating a serene backdrop for your personal oasis. With its North and East facing exposures, the home is drenched in natural morning light, highlighting the rich Oak Wood floors and modern finishes throughout.
The kitchen is a chef's delight, featuring Quartz Countertops, a Glass Mosaic backsplash, and top of the line Bosch stainless steel appliances, including a refrigerator, stove, and dishwasher. The bathrooms are elegantly appointed with neutral white and grey porcelain subway tiles, heated floors, with the guest bathroom offering a deep soaking tub for ultimate relaxation. For your convenience, a stackable Electrolux Washer/Dryer is also included in the unit.
Both bedrooms are spacious and well designed so that every SQFT is optimally utilized. The master bedroom can comfortably accommodate a king sized bed along with a dresser, night stands and work desk, while still having space leftover. The second room can easily fit a queen sized bed along with additional furnishings or, if desired, can be configured into a home office. Ample storage is provided by large double door closets in each bedroom, supplemented by two additional closets located within the unit.
Stepping outside & venturing into the neighborhood, you’re located just steps from Gantry State Park (1 block away), and from a host of grocery options, including: Food Cellar, Urban Market, Trader Joe's, Key Foods, and Target (less than 3/4th’s of a mile away). The vibrant neighborhood offers an array of fine dining restaurants on Vernon Boulevard (1 block away) and lively nightlife on Jackson Avenue (~3 blocks away). Commuting will be a breeze, easy access into the city via the 7 train (1/4th of a mile away) & bringing you into Grand Central Station in one stop (~4 minutes). Additional transportation is also offered via The East River Ferry in Gantry State Park as well as the E, G, M & 7 train lines via Court Square Station.
The Monarch is a boutique, full service condominium featuring only 21 units across 6 stories. Residents enjoy luxury amenities such as: full sized gym, common roof terrace with BBQ grills, private residents' lounge, garage parking, storage, virtual intercom, 24-hour super, & more! Enjoy the benefits of low monthly carrying costs, thanks to a 15-year 421A Tax Abatement.
This is a rare opportunity to own a unique home with exceptional space, views, and location.
Don't miss out —schedule your private showing today!
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
182
Median Asking Price
$1.19M
Median $/Sqft
$1,541
Avg Days on Market
N/A
New This Week
6
Price Reduced
22%
Sold (30 Days)
7
Median Sale Price
$1.27M
Live data from RLS at REBNY • Updated 6/6/26, 8:27 PM EST
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Location
47-05 5th Street #PH-602, Long Island City, Queens County • Near 48th Avenue/47th Road
Floor Plans
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 $1,023.77 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $8,119.92, or roughly $677 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 1,012 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 2016, making it approximately 10 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.
Pet policy requires confirmation with the listing broker.
At the current list price of $1,600,000 for 1,012 sq ft, the asking price per square foot is approximately $1,581. 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 Nest Seekers LLC - Shawn Avazeh
Listing Contact: (516) 316-2623
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 6/7/2026 at 12:27 AM UTC