Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,285,000

· Closed December 22, 2020

5 48TH Avenue #6B
Closed For Sale Condo

$1,285,000

$1,159 per sq ft

5 48TH Avenue #6B

Long Island City, Queens

5Th Street Lofts

MLS® #RLS10661933

RLS at REBNY

Listing by Modern Spaces

2

Bedrooms

2

Baths

1,109

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,109 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $1,029/mo
Property Taxes $1,308/yr
Parking Garage
Neighborhood Long Island City
Floor 6 of 8

Property Highlights

  • Exposure: South facing
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 2 Full
Floor 6 of 8
Exposure South
Pets Yes
Cross Street Vernon Boulevard/5th Street
Year Built 2008
Living Area 1,109 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Aug 13, 2020 $1,285,000 -
Currently Apr 22, 2026 $1,285,000 -

Description

Split 2 bed/2 bath at the sought after 5SL condos by The Toll Bros. on 48th Ave., right off Vernon Boulevard, 2 blocks to the Vernon/Jackson 7 subway stop and 2 blocks to the beautiful Gantry Park and East River, home of the East River Ferry! This spacious south facing apartment features a large living/dining area, gourmet kitchen with Ceasar stone countertops, glass tile backsplash, Liebherr fridge, Bosch range, dishwasher, microwave and garbage disposal!! This well-maintained unit also includes a Bosch w/d in unit. 5SL is a full service building including 2 roof top terraces, kids playroom, fitness center and 24 hr. concierge.

Building Information

Financial Details

Common Charges $1,029/mo
RE Taxes $1,308/yr ($109/mo)
Sale Price $1,285,000

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

166

Median Asking Price

$1.20M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

10

Price Reduced

17%

Sold (30 Days)

13

Median Sale Price

$1.24M

Live data from RLS at REBNY • Updated 4/22/26, 8:06 AM EST

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Location

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5 48TH Avenue #6B, Long Island City, Queens County • Near Vernon Boulevard/5th Street

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 $1,029 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,308, or roughly $109 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 1,109 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 $1,285,000 for 1,109 sq ft, the asking price per square foot is approximately $1,159. 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: RLS10661933
First Listed: 8/13/2020
Price Changed: 2/5/2021
Closed: 12/22/2020
Contract Date: 8/14/2020

Listing Courtesy of Modern Spaces - Mary E. McGill-Alessandri

Listing Contact: 415-225-463

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 4/22/2026 at 12:06 PM UTC

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