Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,775,000

· Closed March 1, 2019

5-49 Borden Avenue #PH-D
Closed For Sale Condo

$1,775,000

$1,423 per sq ft

5-49 Borden Avenue #PH-D

Long Island City, Queens

MLS® #RLS10509185

RLS at REBNY

Listing by Modern Spaces

2

Bedrooms

2

Baths

1,247

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,247 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $955/mo
Property Taxes $420/yr
Parking Garage
Neighborhood Long Island City
Floor 12 of 12

Property Highlights

  • Views: City, River
  • Exposure: South facing
  • Outdoor Space: Balcony

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 12 of 12
View City, River
Exposure South
Heating Electric
Cooling Wall Units
Pets Yes
Cross Street 5th Street/Vernon Boulevard
Year Built 2008
Living Area 1,247 sq ft
Parking Garage Available
Block/Lot 34/7501

Listing History

Event Date Price Change
Listed Dec 12, 2018 $1,775,000 -
Currently Apr 23, 2026 $1,775,000 -

Description

This is it!!!! This Penthouse certainly has the WOW factor!

This is the ?creme de la creme? of LIC Penthouse living! It?s the FIRST TIME on the market for this south-facing residence at highly sought-after One Hunters Point.

As soon as you enter this massive 1,247 sq ft split 2BR/ 2BA (Convertible 3BR), you will realize that you have opened the door to something truly special! Let your imagination run wild with the spectacular UNOBSTRUCTED sweeping views of 3 NYC boroughs? Manhattan, Brooklyn and Queens; that can be seen from every room in the apartment.

The ultra high ceilings offered on the Penthouse level along with the floor-to-ceiling double paned windows allow plenty of natural sunlight to brighten your entire home.

The XL Master bedroom is laid out to perfection. King-sized bed? No problem. Extra shoes and handbags? This home has amazing closet space. The Master bedroom is graced with not only a walk in-closet, but 2 other closets and a private balcony. The connecting ensuite bath is outfitted with modern oversized grey tiles that line the tub, a double vanity and even a window!

The second bedroom is on the other side of the home and gives extra privacy and has its own bathroom nearby. There are 2 closets and enough space to fit a Queen size bed! Never worry again about not having enough storage space as this unit boasts a total of 7 extra large closets- a rarity in LIC!

Residence PH-D also features top of the line Fisher & Paykel stainless steel appliances, an extra long minimalist granite countertops, kitchen pantry, hardwood floors, Bosch W/D and upgraded quiet energy efficient GE heating/cooling units throughout!

For drivers, there is an option to purchase the indoor deeded parking spot for an additional $80k.

One Hunters Point offers 24/7 concierge, live-in super, fitness center, resident lounge, bike storage, cold storage, on-site parking, and a beautiful private yard with seating, barbecue grills and fire pit! The building is steps from the 7 train, the East River Ferry to Manhattan/Brooklyn, and is located conveniently near supermarkets, schools, the new library, restaurants, MoMA PS1, and waterfront parks! There is a15-year 421-A tax abatement in place until June 2024. A low monthly maintenance and very strong condominium financials sets this home apart from the rest-exceptional value in one of New York?s best neighborhoods!!

Features & Amenities

Interior Features

Dining Area Pantry Building Washer Dryer Install Allowed

Exterior Features

Building Courtyard Balcony Building Roof Deck Balcony

Appliances

Dryer Washer

Building Information

Stories 12

Financial Details

Common Charges $955/mo
RE Taxes $420/yr ($35/mo)
Sale Price $1,775,000

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

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 4/23/26, 6:06 AM EST

Similar Listings in Long Island City

View All

Location

Loading map...

5-49 Borden Avenue #PH-D, Long Island City, Queens County • Near 5th Street/Vernon Boulevard

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

2008
Year Built
18 years old
12
Floors
132
Residential Units
M1-5/R7X
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $13,566,294
Land Value: $497,247
Exemptions: $0

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

Lot Area: 25,518 SF
Building Area: 130,984 SF
Built FAR: 5.13
Allowed FAR: 5

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 $955 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $420, or roughly $35 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 1,247 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 $1,775,000 for 1,247 sq ft, the asking price per square foot is approximately $1,423. 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: RLS10509185
First Listed: 12/12/2018
Closed: 3/1/2019
Contract Date: 12/11/2018

Listing Courtesy of Modern Spaces - Crystal Yeung

Listing Contact: (718) 784-1110

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 4/23/2026 at 10:06 AM UTC

Buying a Condo? Start Here

Complete Guide to Queens Real Estate 2026

Neighborhoods, pricing, commutes, and investment across Queens.

Read article

Long Island City: Complete 2026 Guide

LIC's luxury highrises, pricing, and Manhattan commute comparison.

Read article

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton