Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $650,000

· Closed September 21, 2012

4-74 48th Avenue #5AA
Closed For Sale Condop

$650,000

$649 per sq ft

4-74 48th Avenue #5AA

Long Island City, Queens

Citylights

MLS® #RLS10051166

RLS at REBNY

Listing by The Corcoran Group

2

Bedrooms

2

Baths

1,001

Sq. Ft.

1996

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,001 sq ft
Year Built 1996
Ownership Condop
HOA/Common Charges $2,181/mo
Neighborhood Long Island City
Floor 5 of 42

Property Highlights

  • Views: City
  • Exposure: East,North,South,West facing
  • Outdoor Space: Terrace

Property Details

Type Condop
Ownership Condop
Total Rooms 6
Baths 2 Full
Floor 5 of 42
View City
Exposure East,North,South,West
Cooling Wall Units
Pets Yes
Cross Street CENTER BOULEVARD and 5 STREET
Year Built 1996
Living Area 1,001 sq ft

Listing History

Event Date Price Change
Listed Oct 14, 2012 $695,000 -
Price Reduced Oct 6, 2015 $610,000 -12.2%
Currently Apr 25, 2026 $650,000 +6.6%

Description

Come home to your very own private sanctuary on the riverfront of Long Island City. A spectacular 1025 sq ft terrace with jaw-dropping views of Manhattan, this 2-bedroom duplex home is perfect for those who like entertaining guests or those who simply like to sit back and enjoy the great outdoors (BBQs alllowed!). Enter this home on the lower level of the duplex into the open living room with a large dining alcove (convertible 3rd bedroom) and a beautifully renovated gourmet kitchen. This level also features a full bathroom and an enormous storage closet. Head upstairs to the spacious master bedroom with large north and west-facing windows that look out over the expansive terrace and the sparkling lights of the Manhattan skyline. The upper level also has a north-facing 2nd bedroom and a full bathroom. Other perks include new decking and lighting on terrace (along with outdoor water line and electrical outlets), outdoor grill permissable, marble window sills, new AC units, and ample closet space. Citylights is a full service waterfront high rise building with 24 hour concierge, on-site parking, roof-top tennis courts, a state of the art health club with free fitness classes, and breathtaking views of Manhattan. Just outside the front door is Gantry State Park, a 3-acre riverfront park offering a playground, green space for lounging, summer concerts, outdoor dining, a fishing pier and more. Conveniently located just one stop from midtown Manhattan on the E,V, and 7 trains.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Terrace

Building Information

Financial Details

Common Charges $2,181/mo
Original Price $695,000
Sale Price $650,000
Previous Price $610,000

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, 11:10 AM EST

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Location

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4-74 48th Avenue #5AA, Long Island City, Queens County • Near CENTER BOULEVARD and 5 STREET

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1996
Year Built
30 years old
42
Floors
522
Residential Units
M3-1
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $46,107,450
Land Value: $6,349,950
Exemptions: $46,107,450

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

Lot Area: 80,634 SF
Building Area: 724,475 SF
Built FAR: 8.98

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 $2,181 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,001 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1996, making it approximately 30 years old.

This listing is a condop, a hybrid structure where the building is legally a co-op but individual units are sold with greater flexibility, often including subletting rights similar to condos.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $650,000 for 1,001 sq ft, the asking price per square foot is approximately $649. 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: RLS10051166
First Listed: 10/14/2012
Price Changed: 10/6/2015
Closed: 9/21/2012
Contract Date: 3/19/2012

Listing Courtesy of The Corcoran Group - Laura Weinkam

Listing Contact: (646) 591-5216

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 3:10 PM UTC

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