Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

5-09 48th Avenue #5-M

Pending · Listing by Nest Seekers LLC

5-09 48th Avenue #5-M

Long Island City, Queens

$2,058,000

3D Tour
Interested in this property?
Pending For Sale Condo

$2,058,000

$1,291 per sq ft

5-09 48th Avenue #5-M

Long Island City, Queens

MLS® #RLS11000258

RLS at REBNY

Listing by Nest Seekers LLC

3
Bedrooms
2
Baths
1,594
Sq. Ft.
2008
Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 1,594 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $1,851/mo
Property Taxes $12,576/yr
Parking Garage
Neighborhood Long Island City
Floor 5 of 8

Property Highlights

  • Exposure: East,West facing
  • Style: Loft architecture
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 5 of 8
Exposure East,West
Cooling Central Air
Pets Yes
Cross Street Vernon Boulevard/5th Street
Year Built 2008
Living Area 1,594 sq ft
Parking Garage Available
Architectural Style Loft
Block/Lot 30/7501

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

Dining Area Entrance Foyer Building Washer Dryer Install Allowed Common Area In Unit New Windows

Exterior Features

Building Storage Building Courtyard Building Garden Building Roof Deck

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $1,851/mo
RE Taxes $12,576/yr ($1,048/mo)
Original Price $2,298,000
Previous Price $2,198,000

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

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

Similar Listings in Long Island City

View All

Location

Loading map...

5-09 48th Avenue #5-M, Long Island City, Queens County • Near Vernon Boulevard/5th Street

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2007
Year Built
19 years old
8
Floors
118
Residential Units
M1-4/R7A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $10,004,823
Land Value: $1,147,482
Exemptions: $118,261

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

Lot Area: 35,084 SF
Building Area: 134,648 SF
Built FAR: 3.84
Allowed FAR: 4

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 $1,851 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) 416-7433
MLS® ID: RLS11000258
First Listed: 7/31/2024
On Market: 7/30/2024
Price Changed: 11/12/2024
Pending Since: 4/2/2025
Contract Date: 7/30/2024

Listing 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 at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 7/30/2026 at 6:03 PM UTC

See it in person

Long Island City Market Update

1 sale last 30 days · $1.11M median · 173 months supply

Read Full Report

New listings in this neighborhood

Quick Facts

Status Pending Type Condo Neighborhood Long Island City Borough Queens
County Queens
Floor 5 of 8
Year Built 2008
First Listed 7/31/2024
Parking Garage
Style Loft
Living Area 1,594 sqft
Common Charges $1,851/mo
Annual Tax $12,576

Monthly Costs Estimate

Down Payment 20%

$411,600

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $1,851
Est. Taxes $1,048
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Back to Search

Find more properties

Buying a Condo? Start Here

Complete Guide to Queens Real Estate 2026

Neighborhoods, pricing, commutes, and investment across Queens.

Read article

Long Island City: Complete 2026 Guide

LIC's luxury highrises, pricing, and Manhattan commute comparison.

Read article

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email