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Pending · Listing by Modern Spaces
5-12 51st Avenue #3
Long Island City, Queens
$1,498,000
5-12 51st Avenue #3
MLS® #RLS20062908
Listing by Modern Spaces
- 2
- Bedrooms
- 2
- Baths
- 1,363
- Sq. Ft.
- 2017
- Year Built
Quick Summary
Property Highlights
- Views: City
- Exposure: North,South facing
- Style: Loft architecture
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Dec 8, 2025 | $1,650,000 | - |
| Price Reduced | Jun 15, 2026 | $1,560,000 | -5.5% |
| Currently | Oct 12, 2026 | $1,498,000 | -4.0% |
Description
Welcome to Residence 3, a rare full-floor home offering exceptional scale, light, and privacy in the heart of Long Island City. This expansive residence is defined by its exceptionally large living and dining areas, creating a true loft-like experience that is rarely found in today’s new developments. The oversized dining area easily accommodates a full-scale dining table for entertaining, while the generous living room offers endless layout possibilities — perfect for hosting, relaxing, or creating distinct seating and work-from-home spaces. Large windows line the home, flooding the interiors with natural light throughout the day. Paired with soaring high ceilings, the space feels open, airy, and grand. The combination of ceiling height and oversized windows enhances both volume and brightness, making the entire residence feel even more impressive. Adding to its exclusivity, Residence 3 is the only unit on the floor, offering enhanced privacy and a boutique living experience. Located in a prime Long Island City setting, you are moments from the waterfront, parks, dining, and convenient transportation options — all while enjoying the charm of a more intimate condominium. Residence 3 is a rare opportunity to own a full-floor home with extraordinary living and dining proportions in one of NYC’s most sought-after neighborhoods.
Features & Amenities
Interior Features
Exterior Features
Appliances
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
137
Median Asking Price
$1.09M
Median $/Sqft
$1,517
Avg Days on Market
N/A
New This Week
3
Price Reduced
25%
Sold (30 Days)
11
Median Sale Price
$1.04M
Live data from RLS at REBNY • Updated 10/12/26, 4:25 AM EST
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Location
5-12 51st Avenue #3, Long Island City, Queens County • Near 5th Street/Vernon Boulevard
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 $520 per month. Confirm the exact amount with Milton Coste before making an offer.
The current listed annual property tax is $9,684, or roughly $807 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 1,363 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 2017, making it approximately 9 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 Milton Coste for weight limits or breed restrictions.
At the current list price of $1,498,000 for 1,363 sq ft, the asking price per square foot is approximately $1,099. 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 milton@miltoncoste.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 - Jee Young Park
Listing Contact: (212) 210-6666
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.
How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works
RLS Data display by Keller Williams NYC. Data last updated on 10/12/2026 at 8:25 AM UTC
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What happens next
- 1Milton emails you today.
- 2A short call about what you want and when.
- 3The agreement arrives electronically after the call. Then showings.
Your info is secure and never shared.
You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.
Long Island City Market Update
11 sales last 30 days · $1.09M median · 12.5 months supply
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Quick Facts
Monthly Costs Estimate
$299,600
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$14,980
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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