Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,380,000

· Closed July 24, 2017

5-09 48th Avenue #8-D
Closed For Sale Condo

$1,380,000

$1,278 per sq ft

5-09 48th Avenue #8-D

Long Island City, Queens

MLS® #RLS10098367

RLS at REBNY

Listing by Maz Group NY

2

Bedrooms

2

Baths

1,080

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,080 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $1,013.88/mo
Property Taxes $1,092/yr
Parking Garage
Neighborhood Long Island City
Floor 8 of 8

Property Highlights

  • Views: River
  • Exposure: South facing
  • Outdoor Space: Terrace

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 8 of 8
View River
Exposure South
Heating Natural Gas
Cooling Wall Units
Pets Yes
Cross Street Vernon Boulevard/5th Street
Year Built 2008
Living Area 1,080 sq ft
Parking Garage Available
Block/Lot 30/7501

Listing History

Event Date Price Change
Listed Nov 7, 2016 $1,380,000 -
Price Reduced Feb 16, 2017 $1,520,000 +10.1%

Description

Gut renovated Penthouse two bedroom with a large private terrace. Split bedrooms, oversized windows, generous 9.7ft high ceilings with southern exposure and views of the east river and the Williamsburg Bridge. Maple wood floors throughout, gourmet kitchen with white cabinetry, glass doors, black granite counters. Stainless steel Maytag dishwasher, microwave and double oven with a Bloomberg refrigerator. Stainless steel Moen sink and faucet with garbage disposal. Bosche washer/dryer in the unit with great closet space. Master bath features double vanity with white granite counter tops, Kholer faucets and white marble floors. The master bath shower is inlayed with Bisazza tile and Kholer fixtures. In addition to this luxury apartment there is a large private 421 sqft terrace with open city and water views.

5SL is a luxury full service building with 24 hour doorman, gym, three common rooftop terraces, one with a Bocce court. The building also includes a children?s playroom, refrigerated storage in lobby, live in super, bike storage and a private parking garage. There is a 15 year tax abatement until June 30th, 2024 which allows for low monthly charge. Pet friendly. Investor Friendly.

Long Island City is a booming community with brand new basketball and hand ball courts plus new playground across from 5SL. At the end of the Avenue there is a Library being constructed adding to the every growing neighborhood. Bistros, restaurants and cafes are plenty on Vernon Blvd which is a half block away. Duane Reade, Food Cellar supermarket, the water front promenade, play grounds and dog runs are all within a block radius. The Vernon-Jackson 7 train is located just three short blocks away conveniently only one stop to Manhattan.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area New Windows Wheelchair Access

Exterior Features

Building Courtyard Building Garden Building Roof Deck Terrace

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $1,013.88/mo
RE Taxes $1,092/yr ($91/mo)
Previous Price $1,520,000

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

164

Median Asking Price

$1.20M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

6

Price Reduced

18%

Sold (30 Days)

12

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/24/26, 1:41 AM EST

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Location

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5-09 48th Avenue #8-D, 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 $1,013.88 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,092, or roughly $91 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 1,080 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 $1,380,000 for 1,080 sq ft, the asking price per square foot is approximately $1,278. 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: RLS10098367
First Listed: 11/7/2016
Price Changed: 2/16/2017
Closed: 7/24/2017
Contract Date: 6/5/2017

Listing Courtesy of Maz Group NY - Katherine Vogeler

Listing Contact: (917) 699-0284

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 5:41 AM UTC

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