Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,285,000

Listed at $1,295,990 · Sold 0.8% below asking · Closed June 8, 2016

5-09 48th Avenue #2-C
Closed For Sale Condo

$1,295,990

$1,237 per sq ft

5-09 48th Avenue #2-C

Long Island City, Queens

MLS® #RLS10034148

RLS at REBNY

Listing by Modern Spaces, LLC

2

Bedrooms

2

Baths

1,048

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,048 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $870/mo
Property Taxes $1,080/yr
Parking Garage
Neighborhood Long Island City
Floor 2 of 8

Property Highlights

  • Exposure: South facing
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 2 of 8
Exposure South
Pets Yes
Cross Street Vernon Boulevard/5th Street
Year Built 2008
Living Area 1,048 sq ft
Parking Garage Available
Block/Lot 30/7501

Listing History

Event Date Price Change
Listed Apr 8, 2016 $1,295,990 -
Currently Apr 24, 2026 $1,295,990 -

Description

NEW LISTING.

This rare home features South open panoramic views with an abundance of natural sunlight that pours through the oversized wall-to-wall windows, Maple hardwood flooring with an expansive living room that comfortably accommodates a dining and living experience.

Take a seat and relax at the large open kitchen and enjoy a drink or a full course meal with this top of the line Caesarstone counter top and stainless steel appliances: gas Bosch stove, energy efficient Liebherr refrigerator, garbage disposal, dishwasher, and microwave.

The two spacious bedrooms are both coming with generous closet space (walk-in closet plus a regular closet for the master) plus you will have the convenience of a double sink in the serene master bath.

Bosch WASHER DRYER in unit adds additional convenience.

Built by Toll Brothers City Living, the nation?s leading luxury home builder, The 5SL Condominium features a 24 hour doorman, live-in super, fitness center, lovely children?s playroom, bike storage, common roof top garden, courtyard and refrigerated storage.

421-A Tax Abatement until August 2024

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area New Windows

Exterior Features

Building Courtyard Building Garden Building Roof Deck

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $870/mo
RE Taxes $1,080/yr ($90/mo)
Sale Price $1,285,000

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

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, 11:07 AM EST

Similar Listings in Long Island City

View All

Location

Loading map...

5-09 48th Avenue #2-C, Long Island City, Queens County • Near Vernon Boulevard/5th Street

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

2007
Year Built
19 years old
8
Floors
118
Residential Units
M1-4/R7A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $10,004,823
Land Value: $1,147,482
Exemptions: $118,261

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

Lot Area: 35,084 SF
Building Area: 134,648 SF
Built FAR: 3.84
Allowed FAR: 4

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 $870 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,080, or roughly $90 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 1,048 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 $1,295,990 for 1,048 sq ft, the asking price per square foot is approximately $1,237. 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: RLS10034148
First Listed: 4/8/2016
Closed: 6/8/2016
Contract Date: 4/8/2016

Listing Courtesy of Modern Spaces, LLC - Dora Buzan

Listing Contact: (718) 784-1110

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 3:07 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