Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,710,000

· Closed August 2, 2017

5-03 50TH Avenue #4A
Closed For Sale Condo

$1,710,000

$1,211 per sq ft

5-03 50TH Avenue #4A

Long Island City, Queens

THE GALAXY

MLS® #RLS10898085

RLS at REBNY

Listing by Brown Harris Stevens Queens LLC

2

Bedrooms

2

Baths

1,412

Sq. Ft.

2006

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,412 sq ft
Year Built 2006
Ownership Condo
HOA/Common Charges $654/mo
Property Taxes $780/yr
Neighborhood Long Island City
Floor 4 of 5

Property Highlights

  • Exposure: North,South,West facing

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 4 of 5
Exposure North,South,West
Pets Yes
Year Built 2006
Living Area 1,412 sq ft

Listing History

Event Date Price Change
Listed Oct 10, 2023 $1,690,000 -
Currently Apr 24, 2026 $1,710,000 +1.2%

Description

Do not be surprised if you fall in love with this apartment the moment you enter. With soaring 11 foot ceilings and Georgian-style sash oversized windows, this massive and bright convertible three bedroom might just be the most charming apartment on the market in Long Island City right now. Situated in a boutique condo building The Galaxy in the heart of Hunters Point LIC, this 1,412 square foot unit--currently configured as a 2-BR/2-Bathroom--boasts an enormous living room and entertainment space with an open kitchen featuring brand new appliances and incredible storage. European base-board heating, Santos Mahogany wood floors, large bedrooms with extensive storage, and even a proper utility room with washer/dryer make this unit feel like home. Triple exposures--Southern, Western, and Northern--as well as views of Manhattan, including the Empire State Building and Chrysler Building, complete this truly special and unique apartment.

This 100% move-in ready home features loads of meticulous and luxurious upgrades, including:

-all appliances just replaced in the kitchen with Bosch 800 series (fridge, dishwasher, range and convection microwave) and Grohe faucets installed -Miele washer/dryer installed
-All light switches replaced to Soft Touch Legrand Adorne
-High-end BigAss Haiku fans with with SenseMe, featuring built-in Wi-Fi, motion detection, and sensors for things like heat and humidity (in living room and both bedrooms)
-Remote-controlled window treatments in bedrooms
-Nest WiFi thermostat and smoke alarm (shades, thermostat, smoke alarm, and fans can be controlled from a smart phone)
-Both bathrooms completely remodeled with: Porcelanosa shower door and floor-to-ceiling tiles; all Grohe bahroom accessories, including thermostatic temperature-controlled faucets for the shower and bathtub; Stark/Duravit sink and wall mount floating vanity with soft close cabinets shipped from Europe; touchless toilet flushing; and Kohler medicine cabinet (also soft close).
-All lighting fixtures throughout apartment replaced with 100% LED lights


Situated on the same block as the 7 train (one stop to Grand Central!) as well as one block to the East River and the gorgeous waterfront parks, this apartment's location can't be beat. Restaurants, playgrounds, the Easter River ferry, grocery stores, schools, daycares, urgent care, and pharmacies are just minutes from your door. The building features a 5,000 square foot roof deck with views of Manhattan and Long Island City, and a digital video security system. The apartment's extremely low common charges make this unit a clear choice. 421-A tax abatement in place until June 30th, 2023. This bright, charming, high-end, and extremely spacious apartment is like no other unit on the market in LIC. Please schedule a viewing today.

Building Information

Financial Details

Common Charges $654/mo
RE Taxes $780/yr ($65/mo)
Original Price $1,690,000
Sale Price $1,710,000

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, 1:41 AM EST

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Location

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5-03 50TH Avenue #4A, Long Island City, Queens County

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

2006
Year Built
20 years old
6
Floors
12
Residential Units
M1-4/R6A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $1,633,054
Land Value: $130,052
Exemptions: $0

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

Lot Area: 5,625 SF
Building Area: 18,375 SF
Built FAR: 3.27
Allowed FAR: 3

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 $654 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $780, or roughly $65 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 1,412 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2006, making it approximately 20 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 $1,710,000 for 1,412 sq ft, the asking price per square foot is approximately $1,211. 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: RLS10898085
First Listed: 10/10/2023
Price Changed: 10/10/2023
Closed: 8/2/2017
Contract Date: 4/6/2017

Listing Courtesy of Brown Harris Stevens Queens LLC - Jonna Stark

Listing Contact: (917) 696-3698

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 5:41 AM UTC

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