Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
17-02 51st Avenue #405
Closed For Sale Condo

$799,000

$1,055 per sq ft

17-02 51st Avenue #405

Long Island City, Queens

THE POWERHOUSE

MLS® #RLS10066110

RLS at REBNY

Listing by The Corcoran Group

Studio

1

Bath

757

Sq. Ft.

1890

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 757 sq ft
Year Built 1890
Ownership Condo
HOA/Common Charges $537/mo
Property Taxes $332.88/yr
Parking Garage
Neighborhood Long Island City
Floor 4 of 11

Property Highlights

  • Exposure: South facing
  • Outdoor Space: Building Terrace
  • Style: Prewar architecture

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths 1 Full
Floor 4 of 11
Exposure South
Pets Yes
Cross Street 51st Avenue & 50th Avenue
Year Built 1890
Living Area 757 sq ft
Parking Garage Available
Architectural Style Prewar

Listing History

Event Date Price Change
Listed Mar 23, 2015 $799,000 -
Currently Apr 24, 2026 $799,000 -

Description

Are you that discerning buyer who seeks clean, modern design but is left cold by the spartan aesthetics of many newer buildings? Do you seek modern amenities AND the solid beauty of classic turn-of-the-last-century architecture? This spacious, bright condo studio with open views to the south has most everything the one-bedroom buyer seeks including great closets, fantastic light and a perfect location just a five-minute walk from the subway and a block and a half to the waterfront Hunters Point South Park and the East River Ferry to Manhattan.The apartment features sleek interiors by renowned designer Andres Escobar with many enhancements by the current owner including a sliding glass wall on the sleeping area/office, additional storage and closet build-outs. The kitchen is perfectly designed and stocked with professional grade appliances.The spa-like bath has a glass shower divide and Smedbo bathroom accessories. The apartment features Hunter-Douglas blinds, upgraded lighting and laundry.The Powerhouse Condo was built as a power station by the illustrious architectural firm McKim, Mead & White. They knew its soon-to-be-iconic silhouette would be gazed at by Manhattanites from across the river and thus they built it to make an impression. (See Georgia OKeefes 1928 painting, East River from the Thirtieth Story of the Shelton Hotel, for a view of the building!) Today the building has been reimagined as a residence with luxury amenities including a landscaped roofdeck with river and Manhattan views, a cutting edge fitness center, lounge (with billiard table!), media room, playroom, a business center and an AquaGrotto spa.First showings to be held at the first open house Sunday, March 29 from noon to 2pm.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Roof Deck Building Terrace

Building Information

Financial Details

Common Charges $537/mo
RE Taxes $332.88/yr ($28/mo)
Sale Price $799,000

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

165

Median Asking Price

$1.20M

Median $/Sqft

$1,524

Avg Days on Market

N/A

New This Week

7

Price Reduced

19%

Sold (30 Days)

12

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/24/26, 3:47 PM EST

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Location

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17-02 51st Avenue #405, Long Island City, Queens County • Near 51st Avenue & 50th Avenue

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1909
Year Built
117 years old
11
Floors
177
Residential Units
M1-5/R8A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $11,629,786
Land Value: $504,900
Exemptions: $0

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

Lot Area: 28,724 SF
Building Area: 199,706 SF
Built FAR: 6.95
Allowed FAR: 6.02

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 $537 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $332.88, or roughly $28 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 757 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1890, making it approximately 136 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 $799,000 for 757 sq ft, the asking price per square foot is approximately $1,055. 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: RLS10066110
First Listed: 3/23/2015
Closed: 6/11/2015
Contract Date: 3/23/2015

Listing Courtesy of The Corcoran Group - Michael H Rohrer

Listing Contact: (917) 805-5555

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 4/24/2026 at 7:47 PM UTC

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