Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $615,000

· Closed August 9, 2016

5 48TH Avenue #3L
Closed For Sale Condo

$615,000

$1,110 per sq ft

5 48TH Avenue #3L

Long Island City, Queens

5TH STREET LOFTS

MLS® #RLS10465704

RLS at REBNY

Listing by Halstead dba Brown Harris Stevens Residential Sales LLC

Studio

1

Bath

554

Sq. Ft.

2005

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 554 sq ft
Year Built 2005
Ownership Condo
HOA/Common Charges $460/mo
Property Taxes $480/yr
Parking Garage
Neighborhood Long Island City

Property Highlights

  • Exposure: East facing
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths null Full
Exposure East
Pets Yes
Cross Street Vernon Blvd/5th St
Year Built 2005
Living Area 554 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Apr 26, 2016 $615,000 -
Currently Apr 24, 2026 $615,000 -

Description

This beautiful spacious 554 sqft studio with large windows feels welcoming the moment you enter this charming home. A full sized open chef kitchen with stainless steel appliances; Liebbherr refrigerator, Bosch gas range, dishwasher, garbage disposal and microwave along with top of the line Ceasarstone counter tops, glass back splash and Allmilmo cabinetry. This home has Maple hardwood flooring as well as a large full size bathroom with soaking tub and Kohler fixtures. The closet space is fantastic which includes a walk in closet that has your Bosch washer/dryer. 5SL is full service building that has outstanding amenities from a landscape garden and two rooftop terraces; bicycle storage, playroom, fitness center and 24 hour concierge.

FOR SHOWING PLEASE ALLOW 24 HOUR NOTICE.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Building Information

Financial Details

Common Charges $460/mo
RE Taxes $480/yr ($40/mo)

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

18%

Sold (30 Days)

12

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/24/26, 9:33 AM EST

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Location

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5 48TH Avenue #3L, Long Island City, Queens County • Near Vernon Blvd/5th St

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 $460 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $480, or roughly $40 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 554 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2005, making it approximately 21 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 $615,000 for 554 sq ft, the asking price per square foot is approximately $1,110. 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: RLS10465704
First Listed: 4/26/2016
Closed: 8/9/2016
Contract Date: 4/26/2016

Listing Courtesy of Halstead dba Brown Harris Stevens Residential Sales LLC - Pamela Wolfe

Listing Contact: (212) 381-3214

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 1:33 PM UTC

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