Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $900,000

Listed at $920,000 · Sold 2.2% below asking · Closed February 3, 2016

2-17 51st Avenue #423
Closed For Sale Condo

$920,000

$1,036 per sq ft

2-17 51st Avenue #423

Long Island City, Queens

MLS® #RLS10074538

RLS at REBNY

Listing by R New York

1

Bedroom

2.5

Baths

888

Sq. Ft.

1906

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2 full, 1 half
Living Area 888 sq ft
Year Built 1906
Ownership Condo
HOA/Common Charges $656/mo
Property Taxes $396/yr
Neighborhood Long Island City
Floor 4 of 11

Property Highlights

  • Exposure: North facing
  • Style: Prewar architecture
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 1 Full, 1 Half
Floor 4 of 11
Exposure North
Cooling Central Air
Pets Yes
Cross Street 51st Avenue/50th Avenue
Year Built 1906
Living Area 888 sq ft
Architectural Style Prewar
Block/Lot 16/7501

Description

*SAVE $17,000 ON TRANSFER TAXES, BUYING A RE-SALE DIRECTLY FROM AN OWNER!!! ($17K, payable by the owner = mandatory 2% of total purchase price, imposed NY State & NYC taxes. An amount you would otherwise pay if purchasing directly from a sponsor/developer or a new development)*

One of the largest 1-bedroom lofts @ The Powerhouse, formerly the Pennsylvania Railroad Power Station, a turn-of-the-century power plant building painstakingly converted into true luxury residences by acclaimed architect Karl Fischer. Situated in the heart of Long Island City, on the picturesque East River Coast and mere steps to Gantry Plaza State Park, this impressive transformation blends raw industrial chic, contemporary styling, and extraordinary amenities with harmonious living. The result is an unparalleled lifestyle opportunity. One of only two condo developments in all of LIC sitting right at the waterfront. THE POWERHOUSE offers a new, heightened level of luxury within one of the City?s most vibrant hotspots.

This oversized 888 sq/f one-bedroom/convertible two-bedroom home with one-and-a-half bath loft inspired residence is alluringly beautiful, and comes in an immaculate showroom condition. Intelligent and fluid layout is sprawling, with high ceilings and ample oversized windows. American walnut floors throughout the living space radiate a rich luster. Large walk-in closet with custom shelving in the bedroom, wide open living space with abundant room for dining. Spacious white lacquer cabinetry, glass back splash, Viking appliances and quartzite counter tops in the kitchen. The bldg. lobby is a stunning fusion of polished concrete floors with white-glass panel, natural wood and brick walls.

The amenities are exceptional. Included in your monthly fees is a Staffed Gym with a Sauna, Steam Room and a Jacuzzi to enjoy after a hard day?s work. Showers & lockers as well.

24-hour Doorman/Concierge; Live-in Superintendent; Fitness Center; Aqua Grotto Full-Service Spa: Whirlpool with exotic waterfall; Common Roof Terrace; Bicycle Storage: Free WiFi; Common Lounge with Pool Table & Wet Bar; Media Room; Business Center; Children?s Playroom; Cold Storage; and On-Site Parking & Storage Space Available.

Location does not get any better. You're living directly above Gantry Plaza State Park. Serene, spectacular 20 Acre Park. Grab the 7 Train, 2 blocks East and zoom to Midtown/Grand Central in 5 min. flat. G gets you to Greenpoint, Williamsburg & rest of prime Bklyn. E/M trains are nearby. East River Ferry takes you to 34th St, BK & Wall St. and is literally across the street docking at the Gantry Park, a 2 min walk from your door. THE POWERHOUSE also boasts spellbinding skyline views and is surrounded by an inviting array of restaurants, shops, art galleries and recreational facilities.

Compromise on nothing! Welcome to this original and true Long Island City condo gem THE POWERHOUSE.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed New Windows

Exterior Features

Building Roof Deck

Building Information

Stories 11
Style Prewar

Financial Details

Common Charges $656/mo
RE Taxes $396/yr ($33/mo)
Sale Price $900,000
Previous Price $945,000

Long Island City (LIC) is one of New York’s fastest-growing residential neighborhoods, offering a modern urban lifestyle just one stop from Manhattan. Famous for its stunning waterfront parks and the iconic Pepsi-Cola sign, LIC is a hub for contemporary art and luxury living. The real estate market is dominated by sleek, new construction glass towers that offer world-class amenities and breathtaking, unobstructed views of the Manhattan skyline.

Long Island City Live Market Data

View Neighborhood

Active Listings

156

Median Asking Price

$1.22M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

13

Price Reduced

10%

Sold (30 Days)

8

Median Sale Price

$1.24M

Live data from RLS at REBNY • Updated 3/28/26, 10:24 PM EST

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Location

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2-17 51st Avenue #423, Long Island City, Queens County • Near 51st Avenue/50th Avenue

Floor Plans

Floor Plan
MLS® ID: RLS10074538
First Listed: 8/27/2013
Price Changed: 8/20/2015
Closed: 2/3/2016
Contract Date: 8/20/2015

Listing Courtesy of R New York - Paul Shayn

Listing Contact: (212) 688-1000

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 3/29/2026 at 2:24 AM UTC

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