Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
5-09 48th Avenue #7F
Interested in this property?
Active For Sale Condo

$2,750,000

$1,733 per sq ft

5-09 48th Avenue #7F

Long Island City, Queens

5SL

MLS® #RLS20087973

RLS at REBNY

Listing by Serene Powers Real Estate LLC

Open House Scheduled

Sunday, May 3 • 11:30 AM – 1:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

3

Bedrooms

2

Baths

1,587

Sq. Ft.

2007

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 1,587 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $2,268/mo
Property Taxes $15,240/yr
Parking Garage
Neighborhood Long Island City

Property Highlights

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

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
View City
Exposure East,West
Heating Central
Cooling Central Air
Pets Yes
Cross Street 48th Avenue & 5th Street
Year Built 2007
Living Area 1,587 sq ft
Parking Garage Available
Structure Type None
Flooring Hardwood
Furnished Unfurnished
Block/Lot 00030/7501

Listing History

Event Date Price Change
Listed Apr 30, 2026 $2,750,000 -
Currently Apr 30, 2026 $2,750,000 -

Description

Bathed in natural light from dawn until dusk, this sophisticated double-exposure residence offers a rare combination of refined interiors and a private outdoor sanctuary. The homes layout maximizes its eastern and western exposures, ensuring the two additional bedrooms are flooded with morning light while the main living areas remain bright and airy all day long. The chefs kitchen is outfitted for the serious cook, featuring a brand-new Summit refrigerator, a Bosch range, dishwasher, and microwave, complemented by dark wood cabinetry and a garbage disposal. Cleverly integrated, hidden storage in the living room maintains a sleek aesthetic, while a full-sized LG washer and dryer, designer lighting sconces, and custom shelving throughout ensure every modern convenience is met.

The standout feature of this home is the massive 1,074-square-foot private terrace, providing a level of outdoor space that is truly a rarity in Long Island City. Accessible directly from the primary suite and living space, this expansive retreat comes complete with its own BBQ grill, offering a perfect setting for large-scale entertaining, alfresco dining, or peaceful relaxation under the sun. It transforms the apartment into a true indoor-outdoor haven, effectively doubling your usable living space.

The primary suite itself comfortably accommodates a king-sized bed and is further enhanced by a massive walk-in closet and a second custom-built closet, both featuring premium Elfa shelving. The renovated ensuite bathroom feels like a personal spa, boasting a limestone double vanity and a custom-tiled steam shower with a built-in bench.

Positioned in the highly sought-after 5SL building, residents enjoy the luxury of a 24-hour doorman and a prime location that is truly unbeatable. You are just one block from the East River and the sprawling waterfront park, offering immediate access to playgrounds, green spaces, and two ferry stops for quick commutes to Brooklyn and Manhattan. For subway access, the 7 train is two blocks away, placing you just one stop from Grand Central and the heart of Midtown.

Reach out today to experience this light-filled gem in person!





Features & Amenities

Interior Features

Eat In Kitchen Building None In Unit Flooring: Hardwood

Exterior Features

Private Outdoor Space Under60 Sqft Terrace

Building Amenities

Elevators Health Club

Appliances

Dryer Dishwasher Microwave Washer

Building Information

Financial Details

Common Charges $2,268/mo
RE Taxes $15,240/yr ($1,270/mo)

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

161

Median Asking Price

$1.20M

Median $/Sqft

$1,507

Avg Days on Market

N/A

New This Week

19

Price Reduced

21%

Sold (30 Days)

8

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/30/26, 3:50 PM EST

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Location

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5-09 48th Avenue #7F, Long Island City, Queens County • Near 48th Avenue & 5th Street

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 $2,268 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $15,240, or roughly $1,270 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 1,587 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 $2,750,000 for 1,587 sq ft, the asking price per square foot is approximately $1,733. 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: RLS20087973
First Listed: 4/30/2026
On Market: 4/30/2026
Price Changed: 4/30/2026
Contract Date: 3/30/2026

Listing Courtesy of Serene Powers Real Estate LLC - Serene C Powers

Listing Contact: (646) 706-1282

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 4/30/2026 at 7:50 PM UTC

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