Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $700,000

· Closed November 25, 2021

17-02 51st Avenue #318
Closed For Sale Condo

$700,000

17-02 51st Avenue #318

Long Island City, Queens

The Powerhouse Condo

MLS® #RLS10728439

RLS at REBNY

Listing by The Corcoran Group

Studio

1

Bath

N/A

Sq. Ft.

1909

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1909
Ownership Condo
HOA/Common Charges $540/mo
Property Taxes $1,548/yr
Parking Garage
Neighborhood Long Island City
Floor 3 of 11

Property Highlights

  • Style: Prewar architecture
  • Parking: Private garage
  • Character: Pre-war building (1909)

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths 1 Full
Floor 3 of 11
Pets Yes
Cross Street 2 STREET and 5 STREET
Year Built 1909
Parking Garage Available
Architectural Style Prewar

Description

Welcome to 2-17 51st avenue apartment 318: Luxury living right at the heart of Hunters Point Waterfront and Gantry Plaza State Park. This luxury loft apartment is located at The Powerhouse condominium, the masterpiece designed by famed architect Carl Fisher with interiors from Andres Escobar.

This beauty literally checks all boxes: floor-to-ceiling windows, luxury open kitchen, 4-piece high end appliances, and the holy grail of NYC living: your own in-unit Washer/Dryer. The glorious chefs kitchen features best in class appliances such as a Viking range and a SubZero fridge, full sized dishwasher and microwave. Your kitchen masterpiece includes custom walnut and white lacquered cabinetry, glass tile backsplash, and an oversized stone island/breakfast bar. The beautiful floor-to-ceiling windows provide abundant light. You also have two oversized closets, one being a walk-in. The 12 foot ceilings make this space feel even more palatial. This 613sf. loft features beautiful walnut flooring throughout and is truly luxurious. The spa-like bath boasts a deep soaking tub and ceramic and marble tile.

The former Pennsylvania Railroad Power Station is reimagined for todays living with top-of-the-line amenities such as Full Time Doorperson, Live-in Super, beautiful gym, sauna, steam room, lounge room, media room, childrens playroom, bike room, as well as cold storage. The stunning roof deck is equipped with BBQs and is furnished. Garage parking is also available in the adjacent building for an extra monthly fee. Transportation is a breeze since youre a block away from the 7 train youre in Midtown Manhattan in minutes. Need to get to Wall Street: youre only a block and a half from the East River Ferry. Shopping, pharmacies, wineries, and a plethora of restaurants such as the Michelin star rated Casa Enrique are at your fingertips at this incredible address.

Wi-Fi, water and gas are included in the maintenance. Please note an assessment of $67.30 unit 3/31/22

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Roof Deck

Building Information

Building The Powerhouse Condo
Total Units 177
Stories 11
Style Prewar

Financial Details

Common Charges $540/mo
RE Taxes $1,548/yr ($129/mo)
Original Price $725,000
Sale Price $700,000
Previous Price $715,000

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

169

Median Asking Price

$1.20M

Median $/Sqft

$1,524

Avg Days on Market

N/A

New This Week

13

Price Reduced

16%

Sold (30 Days)

13

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/19/26, 12:34 PM EST

Similar Listings in Long Island City

View All

Location

Loading map...

17-02 51st Avenue #318, Long Island City, Queens County • Near 2 STREET and 5 STREET

Floor Plans

Floor Plan
MLS® ID: RLS10728439
First Listed: 6/25/2021
Price Changed: 11/26/2021
Closed: 11/25/2021
Contract Date: 6/25/2021

Listing Courtesy of The Corcoran Group - Sylvia Dimova

Listing Contact: (212) 470-0746

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 4/19/2026 at 4:34 PM UTC

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?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton