Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $970,000

· Closed April 21, 2017

5 48TH Avenue #8L
Closed For Sale Condo

$970,000

$1,192 per sq ft

5 48TH Avenue #8L

Long Island City, Queens

5TH STREET LOFTS

MLS® #RLS10090753

RLS at REBNY

Listing by Halstead dba Brown Harris Stevens Residential Sales LLC

1

Bedroom

1

Bath

814

Sq. Ft.

2005

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 814 sq ft
Year Built 2005
Ownership Condo
HOA/Common Charges $721/mo
Property Taxes $732/yr
Parking Garage
Neighborhood Long Island City

Property Highlights

  • Exposure: North facing
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths null Full
Exposure North
Pets Yes
Cross Street Vernon Blvd/5th St
Year Built 2005
Living Area 814 sq ft
Parking Garage Available

Description

Just Reduced! PRICED TO SELL!!! Rarely on the market, this spacious 814 sq.ft. penthouse one-bedroom with an additional 732 sq.ft. terrace is available for purchase at 5th Street Lofts!

Not your cookie-cutter, tiny apartment, this unit offers a one-of-a-kind space found no where else in Long Island City. This charming and bright unit comes with high quality condo finishes, including a state-of-the-art gourmet kitchen with Caesar stone countertops, glass tile backsplash, Liebherr refrigerator, Bosch range, dishwasher, and microwave, dark wood cabinetry, garbage disposal, and Kohler fixtures. Bosch washer/dryer included. Bathroom includes Limestone sink vanity and over-sized shower.

The unit offers massive storage space, and the bedroom has a walk-in closet. Beyond the apartment is the huge private rooftop terrace accessible directly from the apartment that is perfect for entertaining, growing your own plants and vegetables, or just relaxing with a glass of wine enjoying the NYC skyline. This penthouse unit is located in the coveted 5SL, a luxury condominium building located in the heart of LIC. The building features a 24-hour concierge, fitness center, children's playroom, rooftop terrace and common courtyard. Just a block from the waterfront, 5SL boasts one of the most prime locations in Long Island City.
It is also conveniently located near many lovely restaurants, grocery stores, and boutique shops. One subway stop from Grand Central and Midtown Manhattan, this is one of the most unique and beautiful spaces available on the market in LIC. A 15-year 421-A tax abatement is in place until June 30th, 2024.
There is a 2-year assessment of $43.36/month starting January 1st, 2017 for building upkeep projects.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Building Information

Building 5TH STREET LOFTS
Total Units 1
Stories 8

Financial Details

Common Charges $721/mo
RE Taxes $732/yr ($61/mo)
Original Price $1,135,000
Sale Price $970,000
Previous Price $990,000

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

155

Median Asking Price

$1.21M

Median $/Sqft

$1,524

Avg Days on Market

N/A

New This Week

12

Price Reduced

10%

Sold (30 Days)

10

Median Sale Price

$1.39M

Live data from RLS at REBNY • Updated 3/28/26, 1:05 PM EST

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Location

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5 48TH Avenue #8L, Long Island City, Queens County • Near Vernon Blvd/5th St

MLS® ID: RLS10090753
First Listed: 8/22/2016
Price Changed: 10/17/2016
Closed: 4/21/2017
Contract Date: 8/22/2016

Listing Courtesy of Halstead dba Brown Harris Stevens Residential Sales LLC - Jonna Stark

Listing Contact: (917) 696-3698

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 3/28/2026 at 5:05 PM UTC

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