Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,780,000

Listed at $1,750,000 · Sold 1.7% above asking · Closed September 4, 2019

5-09 48th Avenue #7A
Closed For Sale Condo

$1,750,000

$1,438 per sq ft

5-09 48th Avenue #7A

Long Island City, Queens

5SL

MLS® #RLS10556594

RLS at REBNY

Listing by The Corcoran Group

2

Bedrooms

2

Baths

1,217

Sq. Ft.

2007

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,217 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $1,187.52/mo
Property Taxes $1,152/yr
Parking Garage
Neighborhood Long Island City
Floor 7 of 8

Property Highlights

  • Views: City
  • Exposure: North,South facing
  • Outdoor Space: Building Terrace, Terrace

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 7 of 8
View City
Exposure North,South
Cooling Wall Units
Pets Yes
Cross Street Vernon Boulevard & 5th Street
Year Built 2007 (New)
Living Area 1,217 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Mar 6, 2019 $1,850,000 -
Currently Apr 23, 2026 $1,750,000 -5.4%

Description

Residence 7A of Fifth Street Lofts (5SL) in Long Island City, is a rarely available and coveted, floor through two-bedroom, one of only two apartments in 5SL, that includes unobstructed northern and southern exposures. This 7th floor, two-bath, loft style residence is the largest 2-bedroom apartment in 5SL with 1,217 square feet of interior space. The apartment also includes an additional 283 square feet of setback terrace space that offers breathtaking views of 3 boroughs. Prime indoor deeded parking is available for purchase in the buildings onsite garage, which is conveniently located on the lobby level.Fifth Street Lofts is the only building in Long Island City developed by Toll Brothers. The impressive building was built in 2009, designed to embody a timeless industrial chic style that respects Long Island Citys rich industrial history. The building features a striking design that includes multi-paned inset window walls, high ceilings and setbacks. The entry foyer of 7A leads to the dramatic great room, featuring a southern wall of floor to ceiling windows, that open to the setback terrace, with 30 linear feet of south facing unobstructed views. The expansive space includes water and electric hookups and is great for entertaining, growing fresh ingredients, dining al fresco, sun bathing or simply relaxing and taking in colorful sunrises to the east or majestic sunsets over Manhattan as the Empire State Building lights up. The significant upgrades in this residence include a 3-zone ducted Mitsubishi HVAC system, a ventless real flame fireplace, solar shades in the living room and blackout shades in the bedrooms, Caesarstone window sills, recessed lighting, built-in oak cabinetry and custom dry bar in the great room. Other features include a Bosch washer/dryer, hardwood maple floors, ceiling heights up to 9, generous closets and spacious bedrooms that are pin drop quiet.The chef's kitchen consists of an 8+-foot-long premium Alpine Snow Caesarstone island, breakfast bar, garbage disposal, Milano pendant light fixtures, stainless steel Bosch gas range, Liebherr refrigerator, Bosch dishwasher and microwave, Custom Allmilmo cabinetry with soft-close drawers, LED under lighting and full height glass backsplash. The spa style master bath features a rift cut, taboo stained double vanity and honed limestone tiling that blends seamlessly with the mosaic accented shower. The secondary bath, designed as a second master bathroom, features walls clad in silver globe porcelain with a floor finished in tundra grey marble, a deep soaking tub and designer Kohler fixtures. Fifth Street Lofts is one of the few full-service boutique condominium residences in Long Island City, where Owners are provided with the highest possible service level, including 24-hour doorperson/concierge, live-in resident manager and generous lifestyle amenities, such as a large gym, playroom, two roof decks, a garden courtyard with a bocce court, a bicycle room and cold storage. The tax abatement goes through June 30, 2024 and the building is pet friendly. Fifth Street Lofts is situated equidistant between the new Steven Holl Architects designed Hunters Point Library, located along the East River in Gantry Plaza State Park, and all the shops and great restaurants on Vernon Boulevard. Whether you seek a 10-minute door-to-door commute to Grand Central on the 7 train, a relaxing commute aboard the NYC Ferry, a 5-minute stroll to the Michelin star Casa Enrique or clipping your own fresh herbs for dining out at home, Apartment 7A at 5SL is a great place to grow and the perfect place to call home.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Courtyard Building Garden Building Roof Deck Building Terrace Terrace

Building Information

Building 5SL
Total Units 120
Stories 8

Financial Details

Common Charges $1,187.52/mo
RE Taxes $1,152/yr ($96/mo)
Original Price $1,850,000
Sale Price $1,780,000

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

$1,526

Avg Days on Market

N/A

New This Week

9

Price Reduced

18%

Sold (30 Days)

13

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/22/26, 9:31 PM EST

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Location

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5-09 48th Avenue #7A, 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 $1,187.52 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,152, or roughly $96 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 1,217 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2007, making it approximately 19 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 $1,750,000 for 1,217 sq ft, the asking price per square foot is approximately $1,438. 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: RLS10556594
First Listed: 3/6/2019
Closed: 9/4/2019
Contract Date: 3/6/2019

Listing Courtesy of The Corcoran Group - Patrick W Smith

Listing Contact: (212) 380-8184

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 4/23/2026 at 1:31 AM UTC

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