SOLD FOR $1,780,000
Listed at $1,750,000 · Sold 1.7% above asking · Closed September 4, 2019
5-09 48th Avenue #7A
MLS® #RLS10556594
Listing by The Corcoran Group
2
Bedrooms
2
Baths
1,217
Sq. Ft.
2007
Year Built
Quick Summary
Property Highlights
- Views: City
- Exposure: North,South facing
- Outdoor Space: Building Terrace, Terrace
Property Details
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
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
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
5-09 48th Avenue #7A, 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)
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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.
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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) 416-7433Listing 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.
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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 4/23/2026 at 1:31 AM UTC