Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $575,000

Listed at $595,000 · Sold 3.4% below asking · Closed December 28, 2020

26-02 50th Avenue #7a
Closed For Sale Condo

$595,000

$1,371 per sq ft

26-02 50th Avenue #7a

Long Island City, Queens

Yard, The

MLS® #RLS10614932

RLS at REBNY

Listing by The Corcoran Group

Studio

1

Bath

434

Sq. Ft.

2011

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 434 sq ft
Year Built 2011
Ownership Condo
HOA/Common Charges $413/mo
Property Taxes $288/yr
Parking Garage
Neighborhood Long Island City
Floor 7 of 12

Property Highlights

  • Views: City
  • Exposure: South facing
  • Outdoor Space: Building Terrace

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths 1 Full
Floor 7 of 12
View City
Exposure South
Cooling Wall Units
Pets Yes
Cross Street 2nd Street & 5th Street
Year Built 2011
Living Area 434 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Feb 5, 2020 $595,000 -
Currently Apr 22, 2026 $595,000 -

Description

MODERN SOUTH FACING LONG ISLAND CITY STUDIO! 2-26 50th Avenue #7A is a modern, charming, south-facing studio in the heart of Long Island City. The Yard condominium is in a prime location, located just one block from the 7 train Vernon/Jackson stop, and one block from Gantry Park and the East River. Both quiet and bright, this perfectly appointed property has a warm and home-like feel. As you enter 7A, you?re greeted by an abundance of light through its oversized windows, southern exposure, and views of the East River and Manhattan. The living space, stretching 15 feet wide provides a loft-like feel and features high ceilings, white oak hardwood floors, and ample room for an efficient living and bedroom set up. The modern kitchen is fully equipped with Fisher and Paykel stainless steel appliances including a full-size dishwasher and has beautiful white Italian granite countertops and backsplash. The grey cabinets provide ample storage for all your kitchen storage needs. The bathroom has high-quality finishes featuring an oversized mirror, large soaking tub, brown and beige tiling, and a beautiful glass partition shower door. Next to the bathroom is the Washer/Dryer closet and a separate entry coat closet. The apartment has a 15-year 421A tax abatement until 2027 and has very low monthlies. This is a great investment opportunity! The Yard is a 12-story, 83-unit condominium that greets you with a gorgeous moss-covered lobby wall, reclaimed wood from old rail yards, and 7 day a week 16-hour doorman. The third-floor deck has hammocks, hopscotch, and a fire pit off of a resident?s lounge. The roof deck has chaise lounges for sunbathing, a life-size chessboard, BBQ grills, and amazing unobstructed 360-degree open views of the East River and Manhattan skyline! The building also has a bike room, package room, and parking garage with Zipcar. This is a great opportunity to own in one of Long Island City's most coveted boutique condominiums. See it today!

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common On Floor Common Area

Exterior Features

Building Courtyard Building Garden Building Roof Deck Building Terrace

Appliances

Dryer Washer

Building Information

Building Yard, The
Total Units 83
Stories 12

Financial Details

Common Charges $413/mo
RE Taxes $288/yr ($24/mo)
Sale Price $575,000

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

166

Median Asking Price

$1.20M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

10

Price Reduced

17%

Sold (30 Days)

13

Median Sale Price

$1.24M

Live data from RLS at REBNY • Updated 4/22/26, 8:06 AM EST

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Location

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26-02 50th Avenue #7a, Long Island City, Queens County • Near 2nd Street & 5th Street

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

2010
Year Built
16 years old
12
Floors
83
Residential Units
M1-5/R8A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $8,913,145
Land Value: $384,751
Exemptions: $1,386,900

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

Lot Area: 20,128 SF
Building Area: 94,943 SF
Built FAR: 4.72
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 $413 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $288, or roughly $24 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 434 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2011, making it approximately 15 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 $595,000 for 434 sq ft, the asking price per square foot is approximately $1,371. 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: RLS10614932
First Listed: 2/5/2020
Closed: 12/28/2020
Contract Date: 2/13/2020

Listing Courtesy of The Corcoran Group - Spencer H Cutler

Listing Contact: (917) 444-0082

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 4/22/2026 at 12:06 PM UTC

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