SOLD FOR $2,400,000
· Closed July 28, 2025
50-01 5th Street #PH-4A
MLS® #RLS20018169
Listing by Modern Spaces
2
Bedrooms
2
Baths
1,542
Sq. Ft.
2009
Year Built
Quick Summary
Property Highlights
- Exposure: East,North,West facing
- Outdoor Space: Terrace
- Fireplace: 1 fireplace
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Apr 21, 2025 | $2,588,000 | - |
| Currently | Jun 6, 2026 | $2,400,000 | -7.3% |
Description
PENTHOUSE| One- of-a- Kind Indoor- Outdoor Oasis in the Heart of LIC | Convertible 3BR 2BA | 1,542 sq ft interior 1,122 sq ft private terrace| Exclusive floor
Welcome to this unique gem of a penthouse in the heart of LIC. A sprawling 1,542 sf home offering true indoor-outdoor living with an additional 1,122sf private terrace. Set on its own private floor, this is the only residence with the building's fitness center, like having a personal gym right outside your door. This convertible 3 bedroom, 2 bathroom residence offers incredible flexibility, privacy, space, making it the perfect sanctuary for those seeking luxury and convenience.
Step inside to discover an expansive open layout with oversized windows and skylights that flood the space with natural light all day. Enjoy the warmth and charm of a custom gas fireplace in the oversized living room. The chef's kitchen features sleek cabinetry and abundant storage throughout, premium stainless steel appliances, vented hood and a generous island perfect for entertaining 5 or 50. The flexible layout allows for a third bedroom, home office or media room to suit your needs. The spacious laundry room includes new washer and dryer.
The master bedroom is exceptionally large, easily fits a king sized bed with much more room to spare. Thoughtfully designed with whole wall of custom floor-to-ceiling closets. Large upgraded master bath that includes double vanities and more closets. The second bedroom also offers generous space and oversized windows with abundant sunlight.
The 1122sf massive private terrace, equipped with water and electric hookups and a custom-built pergola with lighting, ideal for outdoor dining, lounging, gardening or hosting unforgettable gatherings.
Located in the vibrant heart of Long Island City, just steps away from waterfront parks, restaurants, ferry and train, supermarket. This is a rare opportunity to own a truly unique home.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
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
182
Median Asking Price
$1.19M
Median $/Sqft
$1,541
Avg Days on Market
N/A
New This Week
6
Price Reduced
22%
Sold (30 Days)
8
Median Sale Price
$1.27M
Live data from RLS at REBNY • Updated 6/6/26, 10:50 AM EST
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Location
50-01 5th Street #PH-4A, Long Island City, Queens County • Near 49th Street/50th Street
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 $1,126 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $16,752, or roughly $1,396 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 1,542 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 2009, making it approximately 17 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 $2,400,000 for 1,542 sq ft, the asking price per square foot is approximately $1,556. 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) 416-7433Listing Courtesy of Modern Spaces - Chingching 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 Data display by Keller Williams NYC. Data last updated on 6/6/2026 at 2:50 PM UTC