Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,660,000

· Closed September 14, 2017

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

$1,660,000

$1,267 per sq ft

2-40 51st Avenue #1K

Long Island City, Queens

Foundry At Hunters

MLS® #RLS10091586

RLS at REBNY

Listing by The Corcoran Group

3

Bedrooms

2

Baths

1,310

Sq. Ft.

2007

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 1,310 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $1,334/mo
Property Taxes $1,428/yr
Neighborhood Long Island City
Floor 1 of 4

Property Highlights

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

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 2 Full
Floor 1 of 4
View City
Exposure East,West
Cooling Other
Pets Yes
Cross Street 2 STREET and 5 STREET
Year Built 2007
Living Area 1,310 sq ft

Listing History

Event Date Price Change
Listed Mar 3, 2017 $1,695,000 -
Currently Apr 24, 2026 $1,660,000 -2.1%

Description

Absolutely not to miss: Loft like a Townhouse. As you enter through your own private entrance, you'd be hard pressed to find a more stunning home. As soon as you enter in the living room, you are greeted by 20ft ceilings with over sized windows to match. This corner unit has East, South and West facing floor to ceiling windows that provide bright and warm light and come with custom window treatments.Upgraded in 2013, the open gourmet kitchen features all top of the line stainless steel appliances- Thermador range/oven, Viking hood, Bosch dishwasher, french door KitchenAid refrigerator and a built in wine cooler. The kitchen also includes a 10 ft island made of beautiful waterfall silestone. Heated marble floors were added to the master bathroom as part of the upgrades in 2013. There is a Bosch washer/dryer in the unit. If you're worried about closet space, leave those worries behind. With plenty of custom built over sized closets, you won't know what to do with all of the storage.The apartment features a 250 sq ft outdoor patio! But if that's not enough, the apartment also features direct access to a rarely used common roof space that is over 25,000 sq ft!The Foundry is a luxury boutique condo building built in 2008. It stands 4 stories tall with only 57 apartments and has a 15-year tax abatement expiring in 2024. Building amenities include doorman, concierge, package room, fitness center and the expansive common outdoor deck. Though its conveniently located 2 blocks away from the Vernon/Jackson subway stop which will have you in Manhattan within minutes, you'll never want to leave the Hunters Point neighborhood which boasts exceptional restaurants, bars and shops. Contact exclusive broker.Parking Space with storage available for sale upon request (Not Included in Price)

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Terrace

Building Information

Financial Details

Common Charges $1,334/mo
RE Taxes $1,428/yr ($119/mo)
Original Price $1,695,000
Sale Price $1,660,000
Previous Price $1,695,000

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

164

Median Asking Price

$1.20M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

6

Price Reduced

18%

Sold (30 Days)

12

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/24/26, 12:04 AM EST

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Location

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2-40 51st Avenue #1K, 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 $1,334 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,428, or roughly $119 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 2 full bathrooms.

The listed interior living area is 1,310 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 $1,660,000 for 1,310 sq ft, the asking price per square foot is approximately $1,267. 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: RLS10091586
First Listed: 3/3/2017
Price Changed: 9/14/2017
Closed: 9/14/2017
Contract Date: 3/3/2017

Listing Courtesy of The Corcoran Group - Hanifa Scully

Listing Contact: (917) 710-3862

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 4/24/2026 at 4:04 AM UTC

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