Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $641,325

· Closed July 16, 2018

5-09 48th Avenue #5-J
Closed For Sale Condo

$641,325

$1,275 per sq ft

5-09 48th Avenue #5-J

Long Island City, Queens

MLS® #RLS10062540

RLS at REBNY

Listing by Compass

Studio

1

Bath

503

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 503 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $465/mo
Property Taxes $420/yr
Parking Garage
Neighborhood Long Island City
Floor 5 of 8

Property Highlights

  • Views: City
  • Exposure: South,West facing
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths 1 Full
Floor 5 of 8
View City
Exposure South,West
Cooling Central Air
Pets Yes
Cross Street Vernon Boulevard/5th Street
Year Built 2008
Living Area 503 sq ft
Parking Garage Available
Block/Lot 30/7501

Listing History

Event Date Price Change
Listed Mar 22, 2018 $641,325 -
Price Reduced Apr 9, 2018 $655,000 +2.1%

Description

I am pleased to offer a studio in the coveted 5SL Condominium, located in the nucleus of Long Island City: Hunter's Point. Southern exposure gives the apartment a tremendous amount of light. This Condo is finished with quality stainless-steel Bosch range, washer/dryer, dishwasher, microwave, Liebherr refrigerators, and a garbage disposal. Location, value and quality, this property has it all. Built by Toll Brothers City Living, the nation's leading luxury home builder. The 5SL Condominium offers a 24 hour doorman, live-in super, fitness center, children's playroom, bike storage, common rooftop garden, common yard and Petanque court. Conveniently located 2 blocks from the train and Gantry State Park.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area New Windows

Exterior Features

Building Courtyard Building Garden Building Roof Deck

Appliances

Dryer Washer

Building Information

Stories 8

Financial Details

Common Charges $465/mo
RE Taxes $420/yr ($35/mo)
Previous Price $655,000

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

164

Median Asking Price

$1.20M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

9

Price Reduced

18%

Sold (30 Days)

13

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/23/26, 10:56 AM EST

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Location

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5-09 48th Avenue #5-J, Long Island City, Queens County • Near Vernon Boulevard/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 $465 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $420, or roughly $35 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 503 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2008, making it approximately 18 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 $641,325 for 503 sq ft, the asking price per square foot is approximately $1,275. 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: RLS10062540
First Listed: 3/22/2018
Price Changed: 4/9/2018
Closed: 7/16/2018
Contract Date: 3/20/2018

Listing Courtesy of Compass - David Roger Grossmann

Listing Contact: (917) 553-6466

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 4/23/2026 at 2:56 PM UTC

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