Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,500,000

Listed at $1,499,999 · Sold 0.0% above asking · Closed December 28, 2018

2-40 51st Avenue #1J
Closed For Sale Condo

$1,499,999

$1,023 per sq ft

2-40 51st Avenue #1J

Long Island City, Queens

Foundry At Hunters

MLS® #RLS10422977

RLS at REBNY

Listing by The Corcoran Group

3

Bedrooms

2.5

Baths

1,466

Sq. Ft.

2007

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3 full, 1 half
Living Area 1,466 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $1,573/mo
Property Taxes $1,565.28/yr
Neighborhood Long Island City
Floor 1 of 4

Property Highlights

  • Exposure: East,West facing
  • Outdoor Space: Terrace
  • Climate Control: Other

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full, 1 Half
Floor 1 of 4
Exposure East,West
Cooling Other
Pets Yes
Cross Street 2 STREET and 5 STREET
Year Built 2007
Living Area 1,466 sq ft

Listing History

Event Date Price Change
Listed Feb 26, 2018 $1,695,000 -
Price Reduced May 1, 2018 $1,599,999 -5.6%
Currently Apr 23, 2026 $1,499,999 -6.3%

Description

CONTRACT SIGNED. Breathtaking loft-like duplex townhouse at 2-40 51st avenue, spanning 1,466 square feet and a 329 square foot terrace. The private entrance leads directly into the spacious living room, which features soaring 17 ft ceilings and over-sized windows to match. Light pours in from both southern and eastern exposure, illuminating the units extra-large living area that can easily accommodate not only a couch but also a true dining area if desired. The gourmet open kitchen boasts a glass tile back-splash and top of the line stainless steel appliances including: Thermador stove, Viking Hood, Kenmore dishwasher, Whirlpool refrigerator and GE Microwave and wine fridge. Updated wood cabinetry offer plenty of storage space and discreetly hide the units very own Bosch washer/dryer. Tucked away under the stairs is a powder room. Located on the upper level, the units master bedroom easily accommodates a king sized bed as well as nightstands and dressers. The master bedroom also has its very own walk in closet, which has been upgraded with smart custom built-ins to maximize storage space. The large en-suite master bathroom has Kholer fixtures, stone tiles, marble floors and has a spacious shower. The second bedroom easily accommodates a queen or full sized bed and has a full wall of closet space. Directly behind the master bedroom and second bedroom is your very own 329 square foot private terrace, which allows direct private access to the buildings 25,000 common roof space. The home office can be utilized as a third bedroom, and easily fits a twin-sized bed. Directly adjacent to both the second and third bedroom is the units second full bathroom. The second full bathroom has both a shower and deep soaking tub.The Foundry is a four story luxury boutique condo building built in 2008. Building amenities include: fitness center, concierge, doorman, package room and 25,000+ square foot common roof space. The building is situated just two blocks away from the Vernon/Jackson subway stop, and only one subway stop from midtown Manhattan. The building is a brisk five minute walk from the water taxi, east river ferry and the LIRR, allowing fast access to Brooklyn, Manhattan and Long Island. A deeded parking space is available separately.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Terrace

Building Information

Building Foundry At Hunters
Total Units 57
Stories 4

Financial Details

Common Charges $1,573/mo
RE Taxes $1,565.28/yr ($130/mo)
Original Price $1,695,000
Sale Price $1,500,000
Previous Price $1,599,999

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, 7:45 AM EST

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Location

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2-40 51st Avenue #1J, Long Island City, Queens County • Near 2 STREET and 5 STREET

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

2007
Year Built
19 years old
4
Floors
57
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $4,587,127
Land Value: $860,850
Exemptions: $0

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

Lot Area: 30,400 SF
Building Area: 60,434 SF
Built FAR: 1.99
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 $1,573 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,565.28, or roughly $130 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 1,466 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2007, making it approximately 19 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 $1,499,999 for 1,466 sq ft, the asking price per square foot is approximately $1,023. 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: RLS10422977
First Listed: 2/26/2018
Price Changed: 5/1/2018
Closed: 12/28/2018
Contract Date: 2/26/2018

Listing Courtesy of The Corcoran Group - Lauren R Bennett

Listing Contact: (718) 612-9922

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 11:45 AM UTC

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