Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
2-17 51st Avenue #517
Interested in this property?
Active For Sale Condo

$1,230,000

$1,214 per sq ft

2-17 51st Avenue #517

Long Island City, Queens

MLS® #RLS20089037

RLS at REBNY

Listing by Modern Spaces

1

Bedroom

1

Bath

1,013

Sq. Ft.

1906

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 1,013 sq ft
Year Built 1906
Ownership Condo
HOA/Common Charges $979/mo
Property Taxes $5,424/yr
Neighborhood Long Island City
Floor 5 of 11

Property Highlights

  • Exposure: North facing
  • Style: Prewar,Loft architecture
  • Climate Control: Wall Units

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 1 Full
Floor 5 of 11
Exposure North
Heating Natural Gas
Cooling Wall Units
Pets Yes
Cross Street 51st Avenue/50th Avenue
Year Built 1906
Living Area 1,013 sq ft
Architectural Style Prewar,Loft
Block/Lot 0016/7501

Listing History

Event Date Price Change
Listed May 2, 2026 $1,230,000 -
Currently May 6, 2026 $1,230,000 -

Description

Residence 517 at The Powerhouse – Spacious 1-Bedroom + Home Office
Welcome to Residence 517 at The Powerhouse, a generously sized 1-bedroom with a home office, offering 1,013 square feet of thoughtfully designed living space in a serene setting.

The expansive living and dining area is both airy and inviting—perfect for everyday living and entertaining. The enclosed home office, complete with a swing door, provides flexibility as a quiet workspace or a private sleeping area, comfortably accommodating a queen-size bed.

The open chef’s kitchen is designed for both style and function, featuring white lacquer cabinetry with ample storage, quartzite countertops, a glass tile backsplash, and a full suite of stainless steel appliances.
Additional highlights include five closets throughout, oversized windows that fill the home with natural light, rich American cherry wood flooring, an in-unit washer and dryer, and individually controlled PTAC heating and cooling.

The king-size primary bedroom offers two spacious closets, while the bathroom is elegantly appointed with a deep soaking tub and a wood vanity.

A perfect balance of comfort and versatility, this residence is ideally suited for modern living, working from home, and effortless entertaining.

Amenities include:
24/7 concierge and live-in resident manager
State-of-the-art fitness center
Spa with whirlpool, sauna, and steam room
Residents’ lounge with pool table and wet bar
Media room and business center
Children’s playroom
Bicycle and cold storage
Expansive rooftop terrace with skyline views, sundeck, BBQ grills, and picnic areas
On-site rental parking available next door

Prime Long Island City Location
Ideally located just minutes from the 7 train (one stop to Grand Central) and close to the East River Ferry and Gantry Plaza State Park. Enjoy the best of LIC living with Vernon Boulevard’s vibrant dining scene—cafés, boutiques, and acclaimed restaurants—just one block away, along with everyday conveniences, including Food Cellar, Urban Market, Dumbo Market, Duane Reade, CVS, and the Gantry Home & Hardware store.

Don’t miss this rare opportunity to own a flexible apartment in one of LIC’s premier buildings. Schedule your private showing today.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed In Unit New Windows

Exterior Features

Building Roof Deck

Building Amenities

Elevators

Appliances

Dryer Washer

Building Information

Building Data View Compliance & Permits
Stories 11
Style Prewar,Loft

Financial Details

Common Charges $979/mo
RE Taxes $5,424/yr ($452/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

172

Median Asking Price

$1.20M

Median $/Sqft

$1,517

Avg Days on Market

N/A

New This Week

15

Price Reduced

20%

Sold (30 Days)

5

Median Sale Price

$1.24M

Live data from RLS at REBNY • Updated 5/6/26, 9:50 AM EST

Similar Listings in Long Island City

View All

Location

Loading map...

2-17 51st Avenue #517, Long Island City, Queens County • Near 51st Avenue/50th Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1909
Year Built
117 years old
11
Floors
177
Residential Units
M1-5/R8A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $11,629,786
Land Value: $504,900
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 28,724 SF
Building Area: 199,706 SF
Built FAR: 6.95
Allowed FAR: 6.02

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 $979 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $5,424, or roughly $452 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 1,013 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1906, making it approximately 120 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 $1,230,000 for 1,013 sq ft, the asking price per square foot is approximately $1,214. 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 [email protected]. 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: RLS20089037
First Listed: 5/6/2026
On Market: 5/2/2026
Price Changed: 5/6/2026
Contract Date: 5/1/2026

Listing Courtesy of Modern Spaces - Mae Liew

Listing Contact: (718) 784-1110

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 5/6/2026 at 1:50 PM UTC

Buying a Condo? Start Here

Complete Guide to Queens Real Estate 2026

Neighborhoods, pricing, commutes, and investment across Queens.

Read article

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

How to Read a Condo Offering Plan

Decode the offering plan before you commit to any new development.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email