Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $650,000

· Closed April 15, 2021

5 51ST Avenue #4H
Closed For Sale Condo

$650,000

$1,327 per sq ft

5 51ST Avenue #4H

Long Island City, Queens

Five27

MLS® #RLS10601196

RLS at REBNY

Listing by Modern Spaces

Studio

1

Bath

490

Sq. Ft.

2013

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 490 sq ft
Year Built 2013
Ownership Condo
HOA/Common Charges $348/mo
Property Taxes $312/yr
Parking Garage
Neighborhood Long Island City
Floor 4 of 5

Property Highlights

  • Exposure: South facing
  • Parking: Private garage
  • New Construction: Brand new building

Property Details

Type Condo
Ownership Condominium
Total Rooms 1
Baths 1 Full
Floor 4 of 5
Exposure South
Pets Yes
Cross Street 5th Street/Vernon Boulevard
Year Built 2013 (New)
Living Area 490 sq ft
Parking Garage Available

Description

FIVE27 is a boutique condo building consisting of 27 apts. in prime LIC. Great opportunity for a spacious studio facing south on a beautiful tree lined street, one block from the 7 train. Currently tenant in place month-to-month paying $2450 so opportunity for a great investment or make this fantastic layout your home sweet home. The kitchen includes lots of cabinets, stainless steel appliances including a dishwasher and a washer/dryer in the unit.

FIVE27 includes a roofdeck with bbq and city views, lounge room and state of the art gym. There is a part time doorman and virtual doorman. The incredible Gantry Plaza State Park and ferry is just 3 blocks away, supermarkets, restaurants, dog parks, cafes all within a one block radius ? fantastic location!!

FIVE27 also has a 421-A Tax Abatement in place thru June 30, 2029. Hurry while this lasts!!

Features & Amenities

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $348/mo
RE Taxes $312/yr ($26/mo)
Original Price $445,000
Sale Price $650,000

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

169

Median Asking Price

$1.20M

Median $/Sqft

$1,524

Avg Days on Market

N/A

New This Week

11

Price Reduced

16%

Sold (30 Days)

13

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/20/26, 2:11 AM EST

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Location

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5 51ST Avenue #4H, Long Island City, Queens County • Near 5th Street/Vernon Boulevard

Floor Plans

Floor Plan
MLS® ID: RLS10601196
First Listed: 5/20/2019
Closed: 4/15/2021
Contract Date: 5/21/2019

Listing Courtesy of Modern Spaces - Mary E. 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.

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 4/20/2026 at 6:11 AM UTC

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