Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $982,000

Listed at $950,000 · Sold 3.4% above asking · Closed October 1, 2013

5-27 51st Avenue #2-C
Closed For Sale Condo

$950,000

$1,000 per sq ft

5-27 51st Avenue #2-C

Long Island City, Queens

MLS® #RLS10058124

RLS at REBNY

Listing by Modern Spaces, LLC

2

Bedrooms

2

Baths

950

Sq. Ft.

2013

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 950 sq ft
Year Built 2013
Ownership Condo
HOA/Common Charges $852/mo
Property Taxes $7,032/yr
Parking Garage
Neighborhood Long Island City
Floor 2 of 5

Property Highlights

  • Outdoor Space: Terrace
  • Parking: Private garage
  • New Construction: Brand new building

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 2 Full
Floor 2 of 5
Pets Yes
Cross Street 5th Street/Vernon Boulevard
Year Built 2013 (New)
Living Area 950 sq ft
Parking Garage Available
Block/Lot 33/0

Listing History

Event Date Price Change
Listed Aug 27, 2013 $950,000 -
Currently Apr 25, 2026 $950,000 -

Description

Introducing Five27, a brand new boutique condominium designed with timeless architecture
that is simultaneously modern, urban and refined.Discover the brightest pearl in Long Island City.
The perfect place to live and work in the New York area ?where you can be in the loop yet out of the fray.
The unique lobby offers a comfortable lounge and sitting area with a warm, inviting fireplace and an enchanting sound system.The relaxed museum-like setting features lush mahogany walls, painted brick accents and stone floors. For the utmost in safety and convenience, a virtual doorman is at your service to accept all your deliveries and greet your visitors. There?s even a package room with refrigerator that can store any perishables until you return. Work out in the fully equipped gym or head to the roof deck to take in the view, have a barbeque or simply relax. Parking and bike rooms are also available for your convenience.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Building Roof Deck Terrace

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $852/mo
RE Taxes $7,032/yr ($586/mo)
Sale Price $982,000

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

168

Median Asking Price

$1.20M

Median $/Sqft

$1,519

Avg Days on Market

N/A

New This Week

9

Price Reduced

18%

Sold (30 Days)

10

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/25/26, 4:40 AM EST

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Location

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5-27 51st Avenue #2-C, Long Island City, Queens County • Near 5th Street/Vernon Boulevard

Building Information

Official NYC property records for this building

2012
Year Built
14 years old
5
Floors
27
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $2,837,264
Land Value: $349,661
Exemptions: $1,625,933

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 10,538 SF
Building Area: 22,991 SF
Built FAR: 2.18
Allowed FAR: 2

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 $852 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $7,032, or roughly $586 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 950 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2013, making it approximately 13 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.

Pet policy requires confirmation with the listing broker.

At the current list price of $950,000 for 950 sq ft, the asking price per square foot is approximately $1,000. 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: RLS10058124
First Listed: 8/27/2013
Closed: 10/1/2013
Contract Date: 4/23/2013

Listing Courtesy of Modern Spaces, LLC - Christina DeCurtis

Listing Contact: (646) 290-4059

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 4/25/2026 at 8:40 AM UTC

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