Under Contract – Backup offers may be accepted
Pending · Listing by Nest Seekers LLC
5-09 48th Avenue #5-M
Long Island City, Queens
$2,058,000
5-09 48th Avenue #5-M
MLS® #RLS11000258
Listing by Nest Seekers LLC
- 3
- Bedrooms
- 2
- Baths
- 1,594
- Sq. Ft.
- 2008
- Year Built
Quick Summary
Property Highlights
- Exposure: East,West facing
- Style: Loft architecture
- Climate Control: Central Air
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Jul 30, 2024 | $2,298,000 | - |
| Price Reduced | Nov 12, 2024 | $2,198,000 | -4.4% |
| Currently | Jul 30, 2026 | $2,058,000 | -6.4% |
Description
Welcome to Resident 5-M – One of the Largest Three-Bedrooms in LIC - A Sophisticated & Pristine 1,594sqft of Interior Living that Seamlessly Boasts a Modern Open & Airy Layout Designed with a Desirable One-of-a-Kind Rare Gem Split Three-Bedroom/Two-Bath Floor Plan The Moment you Enter this Beautiful Home You Will be Enveloped by your Open Living Space and Greeted with Natural Light Streaming in Through the Wall-to-Wall Windows that Accentuates the Open Kitchen, The Dining & Livingroom Layout Creates a Perfect Invitation for getting together with Family and Friends or Mastering your Daily Productivity that Centers your Mornings and Welcomes You Home at Night. Gourmet Kitchen is Equipped w/ High-end Stainless-Steel Appliances Including Liebherr Refrigerator, Upgraded Bosch Range & Microwave, Bosch Dishwasher, InSinkErator Garbage Disposal, Allmilmo Wood Cabinetry, Under-mount Lighting, Caesarstone Counter Tops & Glass Tile Backsplash Completes this Unique Kitchen. This Home Offers a Split Three Bedroom for Extra Privacy – The Impressive & Grand Primary Bedroom Greets you with a Serene and Relaxing Vibe with Wall-to-Wall Windows and an Abundant Amount of Natural Light that Sweeps You Into Your Own Private Oasis. Two Deep Walk-in Closets are Provided for Your Comfort & Convenience. The En-Suite Spa-Like Bath is adorned with Limestone Double Sink Vanity, Kohler Fixtures, Oversized Shower Stall & Porcelain Tile Flooring. Generously Sized Winged Second & Third Bedrooms are Situated on the Opposite Side of the Home, Both Bedrooms Offer Spacious Deep Closets as well as Wall-to-Wall Windows that Offer Natural Light Streaming. To Complete this Lovely Home, the Bedrooms Have Access to a Private Second Full Bath Equipped with a Deep Soaking Tub and Porcelain Tiles. UNIQUE HOME FEATURES: New Updated P-TEC Units Throughout, Custom Window Treatments, Wall-to-Wall Windows in Every Room, Maple Hardwood Flooring Throughout, In-unit Bosch Washer/Dryer, InSinkErator Garbage Disposal, Ample Closet Storage. 5th STREET LOFTS BUILDING AMENITIES: Complimentary 24-hour Concierge Service, Live-in Super, Elevators, Parking Garage Equipped with EV Charging Stations, Refrigerated Storage in Lobby, State-of-the-art Fitness Facilities, Children’s Play Room, Bike Storage, Landscaped Roof and Common Gardens, Pet Friendly. Long Island City Boasts Both Art & Artists with Famous Museums and Trendy Galleries to Michelin Star Restaurants and a Breathtaking Recently Transformed East River Waterfront Park. Convenient Transportation Available – 7, E, M, G Subway Lines, East River Front Ferry, Long Island Railroad (LIRR), Long Island Expressway (LIE), Ed Koch Queensboro Bridge, Brooklyn/Queens Expressway (BQE). CONTACT EXCLUSIVE LISTING AGENTS FOR A PRIVATE IN-PERSON TOUR.
Features & Amenities
Interior Features
Exterior Features
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
173
Median Asking Price
$1.11M
Median $/Sqft
$1,585
Avg Days on Market
N/A
New This Week
1
Price Reduced
28%
Sold (30 Days)
1
Median Sale Price
$1.16M
Live data from RLS at REBNY • Updated 7/30/26, 2:03 PM EST
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Location
5-09 48th Avenue #5-M, Long Island City, Queens County • Near Vernon Boulevard/5th Street
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Floor Plans
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 $1,851 per month. Confirm the exact amount with Milton Coste before making an offer.
The current listed annual property tax is $12,576, or roughly $1,048 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 1,594 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 2008, making it approximately 18 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 Milton Coste for weight limits or breed restrictions.
At the current list price of $2,058,000 for 1,594 sq ft, the asking price per square foot is approximately $1,291. 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 milton@miltoncoste.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 Nest Seekers LLC - Thomas 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 Data display by Keller Williams NYC. Data last updated on 7/30/2026 at 6:03 PM UTC
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Long Island City Market Update
1 sale last 30 days · $1.11M median · 173 months supply
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Quick Facts
Monthly Costs Estimate
$411,600
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
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