Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,403,000

Listed at $1,379,000 · Sold 1.7% above asking · Closed September 22, 2013

48-21 5th Street #2-E
Closed For Sale Condo

$1,379,000

$648 per sq ft

48-21 5th Street #2-E

Long Island City, Queens

MLS® #RLS10058207

RLS at REBNY

Listing by Modern Spaces, LLC

3

Bedrooms

2

Baths

2,128

Sq. Ft.

2006

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 2,128 sq ft
Year Built 2006
Ownership Condo
HOA/Common Charges $1,107/mo
Property Taxes $1,824/yr
Neighborhood Long Island City
Floor 2 of 6

Property Highlights

  • Outdoor Space: Terrace
  • Climate Control: Other

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 2 of 6
Cooling Other
Pets Yes
Cross Street 48th Avenue/Hunters Point Avenue
Year Built 2006
Living Area 2,128 sq ft
Block/Lot 31/21

Listing History

Event Date Price Change
Listed Sep 28, 2013 $1,379,000 -
Currently Apr 25, 2026 $1,379,000 -

Description

Step into your own Urban Paradise...

Best location in the best condo building in the much talked about Hunters Point neighborhood of Long Island City.

Upon entering this unique home, you will find a total of 2,128 square feet of indoor and outdoor living space.

The open layout chef?s kitchen has stainless steel appliances and beautiful pietra cardosa stone countertops. The oversized island is perfect for entertaining. The kitchen is open to a large great room that is drenched with sunlight from the wall to wall windows and over 9? ceilings. Custom lighting and built-in surround sound speakers complete the package. The apartment contains wood flooring throughout, ample closet space and a washer and dryer.

The home features a desirable split two bedroom layout including a large home office or nursery off of the master bedroom. The master bedroom is spacious and includes his and hers closets and an en-suite spa bath with a custom walk-in steam shower that will melt your stress away!

This unique floor plan provides you with an amazing outdoor space that will simply take your breath away. The 860 square foot terrace is an extension of the apartment. The terrace has water and gas so the possibilities are endless to create your own little piece of paradise in the heart of the city.

The Gantry Condominium was completed in 2007, benefits from a real estate tax abatement through 2023 and has solid financials and significant reserves built up over the last 6 years. The building is located just 1 block from the beautiful Gantry State Park waterfront promenade, a few steps away from the finest restaurants that LIC has to offer and 2 blocks from the 7 train with one stop to Grand Central. The building features include a doorman, fitness center, on site covered parking, storage area, residents lounge, and a fantastic landscaped roof deck.

Deeded covered parking spot, including a storage space is available for an additional $60,000.

Contact Tom Blaze to schedule a viewing today! 516-713-1965

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Building Roof Deck Garden Terrace

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $1,107/mo
RE Taxes $1,824/yr ($152/mo)
Sale Price $1,403,000

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, 4:40 AM EST

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Location

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48-21 5th Street #2-E, Long Island City, Queens County • Near 48th Avenue/Hunters Point Avenue

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

2005
Year Built
21 years old
5
Floors
47
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $3,870,582
Land Value: $229,517
Exemptions: $0

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

Lot Area: 22,800 SF
Building Area: 62,826 SF
Built FAR: 2.76
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 $1,107 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $1,824, or roughly $152 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 2,128 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2006, making it approximately 20 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.

Pet policy requires confirmation with the listing broker.

At the current list price of $1,379,000 for 2,128 sq ft, the asking price per square foot is approximately $648. 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: RLS10058207
First Listed: 9/28/2013
Closed: 9/22/2013
Contract Date: 5/29/2013

Listing Courtesy of Modern Spaces, LLC - Thomas Blaze Lattanzio

Listing Contact: (516) 713-1965

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 8:40 AM UTC

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