SOLD FOR $1,425,000
Listed at $1,485,000 · Sold 4.0% below asking · Closed October 10, 2024
5-09 48th Avenue #3-R
MLS® #RLS10970297
Listing by Modern Spaces
2
Bedrooms
2
Baths
1,093
Sq. Ft.
2008
Year Built
Quick Summary
Property Highlights
- Views: City
- Exposure: North facing
- Style: Loft architecture
Property Details
Description
Come experience the unparalleled lifestyle of 5th Street Loft – LIC’s premier condominium just steps from Gantry Park waterfront. Timeless elegance with an efficient layout, unit 3R is a stunning 1093 sq ft 2BR 2BA residence, with indoor parking space included.
The expansive living and dining area can adapt to a multitude of design configurations that invite ease of entertaining and true living comfort. The modern kitchen with dark wood cabinetry compliment with timeless white Caesarstone counter tops and glass backsplash, with an oversized kitchen breakfast bar. Equipped with top of line stainless steel fixtures and appliances including Liebher refrigerator, Bosch range, dishwasher and microwave. Unwind in the splendid master suite, with large bedroom that can easily fit a King size bed and more. Enormous fully built walk-in closet with custom shelving and luxurious en-suite featuring double vanities, honed-limestone countertops, and overhead ring shower. The second bedroom on the opposite wing of the apartment, offers great privacy with large built in closet. Additional features include Bosch washer/dryer, abundance closet spaces and gorgeous maple flooring throughout the stunning apartment. Sale price includes the indoor parking space.
Built by Toll Brothers City Living, the nation’s leading luxury home builder, The 5SL Condominium offers a 24-hour doorman, live-in super, private enclosed parking, fitness center, children’s playroom, bike storage, common rooftop garden, common yard and bocce court. Located right in the heart of the most desirable neighborhood in Long Island City, just one block to waterfront park.
This full-service luxury residence is surrounded by popular restaurants cafes, all commercial services and is just around the corner to Duane Reade, Food Cellar supermarket, the local hardware shop, and quaint boutiques. Only a short walk away are several forms of transportation the LIRR, the 7 train direct to Grand Central -Manhattan, the G, E, and M, train and the East River Ferry all that will take you to any destination in and out of the borough.
Features & Amenities
Interior Features
Exterior Features
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
168
Median Asking Price
$1.20M
Median $/Sqft
$1,525
Avg Days on Market
N/A
New This Week
12
Price Reduced
16%
Sold (30 Days)
15
Median Sale Price
$1.27M
Live data from RLS at REBNY • Updated 4/17/26, 7:28 PM EST
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Location
5-09 48th Avenue #3-R, Long Island City, Queens County • Near Vernon Boulevard/5th Street
Floor Plans
Listing Data
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Market Data
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Map & Location
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Listing Courtesy of Modern Spaces - Cheong Wai Lee
Listing Contact: (718) 784-1110
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RLS Data display by Keller Williams NYC. Data last updated on 4/17/2026 at 11:28 PM UTC