Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $770,000

· Closed December 11, 2020

47 5TH Street #501
Closed For Sale Condo

$770,000

$1,098 per sq ft

47 5TH Street #501

Queens (Other), Queens

The Monarch

MLS® #RLS10659319

RLS at REBNY

Listing by Modern Spaces

1

Bedroom

1

Bath

701

Sq. Ft.

2017

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 701 sq ft
Year Built 2017
Ownership Condo
HOA/Common Charges $516/mo
Property Taxes $936/yr
Parking Garage
Neighborhood Queens (Other)
Floor 501 of 6

Property Highlights

  • Exposure: West facing
  • Parking: Private garage
  • New Construction: Brand new building

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 501 of 6
Exposure West
Pets Yes
Cross Street 48th Avenue and 47th Road
Year Built 2017 (New)
Living Area 701 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Aug 17, 2020 $799,000 -
Currently May 15, 2026 $770,000 -3.6%

Description

Steps to the waterfront with one of the lowest monthly carrying costs!Come check out #501 at the Monarch Condominium in the heart of Hunters Point, LIC.The clean lines of the home begin the moment you step in to the wide entryway. The living area is complemented by large, noise abated windows with custom blinds and modern pre-engineered wide oak floors. The XL bedroom offers tons of light and a large closet space. The kitchen boasts new Bosch stainless steel appliances along with a glass mosaic backsplash and quartz countertops.The XL bathroom has a partial glass enclosure and is lined with porcelain subway tiles with soft, neutral white and grey tones. There is a stackable washer and dryer in the unit for everyday convenience with lots of extra room.A fully equipped fitness center, lounge area, revamped decked courtyard, virtual doorman, and bike storage are offered to owners.This boutique condominium building is at the heart of it all- steps to the beautiful waterfront Gantry State Park, FoodCellar, shops/ restaurants and schools. The 7 train is 2 minutes away and Manhattan and Brooklyn can also be accessed via the East Ferry service. The Monarch has a 421a tax abatement expiring in 2027.

Features & Amenities

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $516/mo
RE Taxes $936/yr ($78/mo)
Original Price $799,000
Sale Price $770,000

Queens (Other) offers a balanced residential setting with a focus on multifaceted living and accessibility. The neighborhood is defined by its balanced commercial corridors and a wide array of housing, including garden apartments and modern high-rise condominiums.

Queens (Other) Live Market Data

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Active Listings

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Median Asking Price

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Live data from RLS at REBNY • Updated 5/15/26, 12:39 AM EST

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Location

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47 5TH Street #501, Queens (Other), Queens County • Near 48th Avenue and 47th Road

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1999
Year Built
27 years old
2
Floors
M1-4
Zoning District

Tax & Assessment

Assessed Value: $1,566,000
Land Value: $305,100
Exemptions: $0

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

Lot Area: 45,900 SF
Building Area: 10,200 SF
Built FAR: 0.22

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 $516 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $936, or roughly $78 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 701 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2017, making it approximately 9 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 $770,000 for 701 sq ft, the asking price per square foot is approximately $1,098. 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: RLS10659319
First Listed: 8/17/2020
Price Changed: 2/5/2021
Closed: 12/11/2020
Contract Date: 8/18/2020

Listing Courtesy of Modern Spaces - Michael Molina

Listing Contact: (917) 547-0377

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 5/15/2026 at 4:39 AM UTC

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