Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
2-17 51st Avenue #621
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Active For Sale Condo

$975,000

$1,135 per sq ft

2-17 51st Avenue #621

Long Island City, Queens

MLS® #RLS20040079

RLS at REBNY

Listing by Modern Spaces

1

Bedroom

1

Bath

859

Sq. Ft.

1906

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 859 sq ft
Year Built 1906
Ownership Condo
HOA/Common Charges $889/mo
Property Taxes $5,100/yr
Neighborhood Long Island City
Floor 6 of 11

Property Highlights

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

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 6 of 11
Exposure North
Heating Natural Gas
Cooling Wall Units
Pets Yes
Cross Street 51st Avenue/50th Avenue
Year Built 1906
Living Area 859 sq ft
Architectural Style Prewar,Loft
Block/Lot 0016/7501

Listing History

Event Date Price Change
Listed Jul 30, 2025 $1,050,000 -
Price Reduced Nov 26, 2025 $995,000 -5.2%
Currently May 5, 2026 $975,000 -2.0%

Description

Spacious and Serene 1-Bedroom Residence at The Powerhouse – LIC’s Iconic Luxury Living
Welcome to this beautifully proportioned and tranquil 1-bedroom home at The Powerhouse, one of Long Island City’s most distinguished luxury condominiums. Situated on the 6th floor and spanning 859 sq. ft., this oversized residence offers floor-to-ceiling windows overlooking a quiet, landscaped courtyard—providing a peaceful retreat from the energy of the city.
The expansive living area offers a seamless open layout with distinct spaces for lounging and dining, all enhanced by rich American walnut hardwood floors. The open-concept kitchen is both stylish and functional, featuring white lacquer cabinetry, a sleek glass backsplash, quartzite countertops, and a Wengewood breakfast bar—perfect for casual dining or entertaining guests.
The airy bedroom comfortably accommodates a king-sized bed and includes two generous closets, one of which is a rare walk-in closet—a true luxury in a one-bedroom layout.
The bathroom is appointed with Italian tile, a deep soaking tub, and a rainfall showerhead for a relaxing experience. Additional features include a Bosch washer and dryer, An individually controlled heating and cooling in each room for year-round comfort.
(Disclaimer: This image has been digitally enhanced.)
The Powerhouse: Where History Meets Luxury
Originally the Pennsylvania Railroad Power Station, this iconic building has been transformed into luxury condominiums by world-renowned architect Karl Fisher and interior designer Andres Escobar. Ideally situated just five minutes from the 7 train (only one stop to Grand Central) and steps from waterfront parks, shops, and recreation areas, The Powerhouse offers both serenity and convenience. Known for its spacious apartments and distinctive layouts, it is one of the most sought-after residences in the neighborhood.
Luxury amenities include:
24/7 Concierge/Maintenance crew/Porter & Live-in Resident Manager
State-of-the-Art Fitness Center
Aqua Grotto, a full-service spa featuring a social whirlpool & sauna, steam room, shower, bathroom, and lockers.
Residents’ Lounge with Pool Table, game & Wet Bar
Media Room & Business Center
Children’s Playroom
Package room, bicycle storage, & Cold Storage
Stunning Roof Terrace with City Views, Sunbathing Deck, BBQ Grills & Picnic Tables
Adjacent Rental Parking Available

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 $889/mo
RE Taxes $5,100/yr ($425/mo)
Original Price $1,050,000
Previous Price $995,000

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

171

Median Asking Price

$1.20M

Median $/Sqft

$1,518

Avg Days on Market

N/A

New This Week

19

Price Reduced

20%

Sold (30 Days)

5

Median Sale Price

$1.21M

Live data from RLS at REBNY • Updated 5/5/26, 4:47 AM EST

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Location

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2-17 51st Avenue #621, Long Island City, Queens County • Near 51st Avenue/50th Avenue

Virtual Tour

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 $889 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $5,100, or roughly $425 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 859 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 $975,000 for 859 sq ft, the asking price per square foot is approximately $1,135. 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: RLS20040079
First Listed: 7/30/2025
On Market: 7/30/2025
Price Changed: 11/26/2025
Contract Date: 7/30/2025

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 5/5/2026 at 8:47 AM UTC

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