SOLD FOR $710,000
Listed at $739,000 · Sold 3.9% below asking · Closed May 15, 2024
5-09 48th Avenue #8-G
MLS® #RLS10961428
Listing by Modern Spaces
Studio
1
Bath
513
Sq. Ft.
2008
Year Built
Quick Summary
Property Highlights
- Exposure: North facing
- Outdoor Space: Rooftop
- Style: Loft architecture
Property Details
Description
Luxury living at 5th Street Lofts located in the heart of LIC – fantastic north facing penthouse studio with a private 230 Sq Ft roof terrace with direct staircase access from the apt!! This charming unit offers plenty of storage including 2 large closets and a walk in closet. Maple hardwood flooring and Bosch washer/dryer in the unit.
The luxury state of the art full sized gourmet kitchen comes with Caesar stone counter tops and an over-sized kitchen island / breakfast bar, Glass tile back splash, Dark wood cabinetry, Samsung refrigerator, freezer with ice maker, Bosch ranges, microwave and dishwasher, garbage disposal and Kohler fixtures.
5SL is a full service condo built by Toll Brothers, the nations leading luxury home builder. Building features 24-hour concierge, a fitness center, common rooftop terrace & common garden, children’s playroom, refrigerated storage in lobby, bicycle storage, live-in super and pet friendly. 15 year 421-A tax abatement in place thru June 30, 2024.
Long Island City is a high demand destination neighborhood and this top of the line building, located right in the heart of this most desirable neighborhood, is surrounded by bistro, restaurants, cafes, steps to Duane Reade, Food Cellar supermarket, boutiques, the waterfront promenade and Gantry Plaza State Park, children’s playground, dog runs, sports field and more. 2 blocks to the 7 Train on Vernon Blvd and 1 stop to Grand Central Manhattan.
Features & Amenities
Interior Features
Exterior Features
Appliances
Building Information
Financial Details
About Long Island City
View All Long Island City ListingsLong 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 NeighborhoodActive Listings
168
Median Asking Price
$1.20M
Median $/Sqft
$1,525
Avg Days on Market
N/A
New This Week
12
Price Reduced
16%
Sold (30 Days)
14
Median Sale Price
$1.27M
Live data from RLS at REBNY • Updated 4/18/26, 2:42 AM EST
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Location
5-09 48th Avenue #8-G, Long Island City, Queens County • Near Vernon Boulevard/5th Street
Floor Plans
Listing Data
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Market Data
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Map & Location
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Listing Courtesy of Modern Spaces - Mary Mcgill-Alessandri
Listing Contact: 415-225-463
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.
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RLS Data display by Keller Williams NYC. Data last updated on 4/18/2026 at 6:42 AM UTC