Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
2-40 51st Avenue #2N
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Active For Sale Condo

$895,000

$1,334 per sq ft

2-40 51st Avenue #2N

Long Island City, Queens

MLS® #RLS20065279

RLS at REBNY

Listing by Serene Powers Real Estate LLC

Open Houses Scheduled

Saturday, May 9 • 11:00 AM – 12:30 PM

Sunday, May 24 • 12:00 PM – 1:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

1

Bedroom

1

Bath

671

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 671 sq ft
Year Built 1900
Ownership Condo
HOA/Common Charges $889/mo
Property Taxes $5,448/yr
Neighborhood Long Island City
Floor 2

Property Highlights

  • Outdoor Space: Balcony
  • Character: Pre-war building (1900)

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 2
Heating None
Cooling None
Pets Yes
Year Built 1900
Living Area 671 sq ft
Structure Type None
Flooring Hardwood
Furnished Unfurnished
Block/Lot 00015/7501

Listing History

Event Date Price Change
Listed Jan 5, 2026 $899,000 -
Currently May 4, 2026 $895,000 -0.4%

Description

Welcome to Residence 2N at The Foundry.
This beautifully designed one-bedroom, one-bath home is located on a quiet, tree-lined stretch of 51st Street in the heart of Long Island City.

The residence features a private balcony with ample space to comfortably accommodate a table and chairs. It is perfect for enjoying breakfast, morning coffee, or a relaxing break on a beautiful day. Both the living area and the balcony offer peaceful views of the tree-lined street below, providing a rare sense of calm and privacy in the city.

Inside, the home is well-proportioned and features hardwood flooring and custom storage throughout. The open kitchen is thoughtfully designed for both style and functionality and is equipped with sleek finishes and high-quality stainless-steel appliances, making it ideal for everyday living and entertaining.
The spacious primary bedroom easily accommodates a king-size bed and includes a walk-in closet, offering generous storage.
The spa-inspired bathroom features clean, modern finishes and a deep soaking tub with a shower combination. An in-unit washer and dryer add everyday convenience.

The Foundry offers a full suite of amenities, including a dramatic double-height lobby, an on-site resident manager, a package room, a fitness center, bicycle storage, and a large outdoor terrace with a dog run.

Ideally located just two blocks from the NYC Ferry and the 7 train, the building offers effortless access to Manhattan with just one stop to Grand Central. Nearby are Gantry Plaza State Park, Hunters Point South Park, the iconic Hunters Point Library, along with an excellent selection of cafs, restaurants, and grocery stores.





Features & Amenities

Interior Features

Building None In Unit Flooring: Hardwood

Exterior Features

Balcony Building Balcony Private Outdoor Space Under60 Sqft Balcony

Building Amenities

Elevators

Appliances

Dryer Dishwasher Washer

Financial Details

Common Charges $889/mo
RE Taxes $5,448/yr ($454/mo)
Original Price $899,000
Previous Price $899,000

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

21

Price Reduced

20%

Sold (30 Days)

5

Median Sale Price

$1.21M

Live data from RLS at REBNY • Updated 5/4/26, 3:52 PM EST

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Location

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2-40 51st Avenue #2N, Long Island City, Queens County

Virtual Tour

Floor Plans

Floor Plan 1

Floor Plan

Building Information

Official NYC property records for this building

2007
Year Built
19 years old
4
Floors
57
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $4,587,127
Land Value: $860,850
Exemptions: $0

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

Lot Area: 30,400 SF
Building Area: 60,434 SF
Built FAR: 1.99
Allowed FAR: 2

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 $5,448, or roughly $454 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 671 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1900, making it approximately 126 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 $895,000 for 671 sq ft, the asking price per square foot is approximately $1,334. 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: RLS20065279
First Listed: 1/5/2026
On Market: 1/5/2026
Price Changed: 1/16/2026
Contract Date: 8/5/2025

Listing Courtesy of Serene Powers Real Estate LLC - Serene C Powers

Listing Contact: (646) 706-1282

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 5/4/2026 at 7:52 PM UTC

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