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
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | May 13, 2024 | $1,485,000 | - |
| Currently | Jun 7, 2026 | $1,485,000 | - |
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
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, 9:52 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
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 $1,266.81 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $8,532, or roughly $711 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 1,093 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 $1,485,000 for 1,093 sq ft, the asking price per square foot is approximately $1,359. 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 Modern Spaces - Cheong Wai Lee
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 Data display by Keller Williams NYC. Data last updated on 6/7/2026 at 1:52 AM UTC