Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $940,000

Listed at $949,000 · Sold 0.9% below asking · Closed September 25, 2020

48-21 5th Street #2G
Looking for something similar?
Closed For Sale Condo

$949,000

$1,209 per sq ft

48-21 5th Street #2G

Long Island City, Queens

GANTRY

MLS® #RLS10647297

RLS at REBNY

Listing by The Corcoran Group

1

Bedroom

1

Bath

785

Sq. Ft.

2007

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 785 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $892.52/mo
Property Taxes $3,301.32/yr
Parking Garage
Neighborhood Long Island City
Floor 2 of 5

Property Highlights

  • Exposure: North,West facing
  • Outdoor Space: Building Terrace, Terrace
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 2 of 5
Exposure North,West
Pets Yes
Cross Street 48th Avenue & 49th Avenue
Year Built 2007
Living Area 785 sq ft
Parking Garage Available

Description

This is the home you've been waiting for; a meticulously cared for luxury one bedroom with a huge 575 sf private planted terrace for that magical combination of city / country living. Imagine working from home and easily rotating from pastoral relaxing nature to hip modern interiors. This originally owned owner-occupied unit is on the market for the first time in 13 years and offers a total of over 1,300 sq ft of indoor and outdoor living. The north side of The Gantry has open views of Long Island City and the river skyline and enjoys consistent light season round. This home features an open kitchen with island, stainless steel appliances, upgraded master bath, hardwood floors, washer/dryer, and 9'+ ceilings. The Gantry is Long Island City's premiere boutique condominium in prime Hunter's Point location. The building features part-time doorman, full-time live-in Superintendent, new lobby and gym, common roof deck with gas grill, residents' lounge, onsite parking and a desirable 15 year 421-A tax abatement. With 90% owner occupancy and record of strong financials, The Gantry is an address that both you and your lender will love. This will not​​‌​​​​‌​​‌‌​​‌​​‌​​​​‌‌​​‌‌​​​‌​​‌‌​‌​​ last!

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Roof Deck Garden Building Terrace Terrace

Appliances

Dryer Washer

Building Information

Building GANTRY
Total Units 47
Stories 5

Financial Details

Common Charges $892.52/mo
RE Taxes $3,301.32/yr ($275/mo)
Original Price $999,000
Sale Price $940,000

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

153

Median Asking Price

$1.20M

Median $/Sqft

$1,527

Avg Days on Market

N/A

New This Week

12

Price Reduced

9%

Sold (30 Days)

12

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 3/26/26, 2:11 PM EST

Similar Listings in Long Island City

View All

Location

Loading map...

48-21 5th Street #2G, Long Island City, Queens County • Near 48th Avenue & 49th Avenue

Floor Plans

Floor Plan
MLS® ID: RLS10647297
First Listed: 7/13/2020
Closed: 9/25/2020
Contract Date: 7/13/2020

Listing Courtesy of The Corcoran Group - Rick Kelly

Listing Contact: (917) 204-6577

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 3/26/2026 at 6:11 PM UTC

Buying a Condo? Start Here

Complete Guide to Queens Real Estate 2026

Neighborhoods, pricing, commutes, and investment across Queens.

Read article

Long Island City: Complete 2026 Guide

LIC's luxury highrises, pricing, and Manhattan commute comparison.

Read article

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

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

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton