Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $860,000

Listed at $875,000 · Sold 1.7% below asking · Closed March 30, 2026

2-17 51st Avenue #311
3D Tour
Closed For Sale Condo

$875,000

$1,154 per sq ft

2-17 51st Avenue #311

Long Island City, Queens

MLS® #RLS20043952

RLS at REBNY

Listing by Modern Spaces

Studio

1

Bath

758

Sq. Ft.

1906

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 758 sq ft
Year Built 1906
Ownership Condo
HOA/Common Charges $760/mo
Property Taxes $4,320/yr
Neighborhood Long Island City
Floor 3 of 11

Property Highlights

  • Exposure: South facing
  • Outdoor Space: Terrace
  • Style: Prewar,Loft architecture

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 3 of 11
Exposure South
Heating Natural Gas
Cooling Wall Units
Pets Yes
Cross Street 51st Avenue/50th Avenue
Year Built 1906
Living Area 758 sq ft
Architectural Style Prewar,Loft
Block/Lot 0016/7501

Description

Bright South-Facing Loft-Style Alcove Studio with Flexible 1-Bedroom Layout at The Powerhouse
Experience the perfect blend of industrial charm and modern functionality in this sun-drenched, south-facing alcove studio at The Powerhouse, one of Long Island City’s most iconic full-service luxury buildings. Offering 758 sq. ft. of open, airy interior space, this loft-style residence is thoughtfully designed for flexibility and can easily be converted into a true 1-bedroom. The spacious, open layout features a generous home office alcove that comfortably accommodates a king-size bed and a dresser. To further customize the space, a sliding door can be installed to fully enclose the alcove, creating a private bedroom.
Other standout features include 10-foot ceilings and oversized windows that flood the home with natural light. American walnut hardwood floors throughout
Two oversized closets and a linen closet offer excellent storage. In-unit new washer and dryer for everyday convenience
Individually controlled PTAC heating and cooling systems in each room
The open chef’s kitchen is designed for both functionality and style, featuring:
Sleek white lacquer cabinetry
Glass tile backsplash
Quartzite countertops
Wengewood sushi-style breakfast bar
Premium stainless steel appliances, including a Viking refrigerator

Disclaimer: Listing photos include virtual staging to illustrate possible furniture placement and layout options. All images reflect the actual apartment.

The Powerhouse: Where History Meets Luxury
Once the Pennsylvania Railroad Power Station, The Powerhouse has been reimagined into a luxury condominium by celebrated architect Karl Fisher and interior designer Andres Escobar. The building is renowned for its spacious layouts, unique industrial details, and superb amenities.
Amenities Include:
24/7 concierge and live-in resident manager
State-of-the-art fitness center
Spa with whirlpool, sauna, and steam room
Residents’ lounge with pool table and wet bar
Media room and business center
Children’s playroom
Bicycle and cold storage
Expansive rooftop terrace with panoramic skyline views, BBQ grills, picnic tables, and sun deck
On-site rental parking is available next door.

Prime Long Island City Location
Ideally located just 5 minutes from the 7 train—only one stop to Grand Central—and close to the East River Ferry, Gantry Plaza State Park, and scenic waterfront walkways. The Powerhouse offers a peaceful yet vibrant lifestyle, with Vernon Boulevard’s popular restaurants, bars, cafés, and shops just one block away. Essentials like Food Cellar, Urban Market, Dumbo Market, Duan Read, and CVS are also right around the corner.
Vernon Boulevard’s vibrant dining scene, featuring cafes, boutiques, and Michelin-rated restaurants
Don’t miss this rare opportunity to own a light-filled, flexible loft in one of LIC’s most desirable buildings.
Schedule your private showing today!

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed In Unit New Windows

Exterior Features

Building Roof Deck Private Outdoor Space Under60 Sqft Terrace

Building Amenities

Elevators

Appliances

Dryer Washer

Building Information

Stories 11
Style Prewar,Loft

Financial Details

Common Charges $760/mo
RE Taxes $4,320/yr ($360/mo)
Original Price $935,000
Sale Price $860,000
Previous Price $895,000

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

161

Median Asking Price

$1.21M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

4

Price Reduced

17%

Sold (30 Days)

15

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/15/26, 1:48 AM EST

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Location

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2-17 51st Avenue #311, Long Island City, Queens County • Near 51st Avenue/50th Avenue

Virtual Tour

Floor Plans

Floor Plan
MLS® ID: RLS20043952
First Listed: 8/21/2025
On Market: 8/8/2025
Price Changed: 1/4/2026
Closed: 3/30/2026
Contract Date: 8/7/2025

Listing Courtesy of Modern Spaces - Mae Liew

Listing Contact: (718) 784-1110

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 4/15/2026 at 5:48 AM UTC

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