Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
5-09 48th Avenue #2-C
Interested in this property?
Active For Sale Condo

$1,485,000

$1,417 per sq ft

5-09 48th Avenue #2-C

Long Island City, Queens

MLS® #RLS20086526

RLS at REBNY

Listing by Modern Spaces

2

Bedrooms

2

Baths

1,048

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,048 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $1,300.04/mo
Property Taxes $8,435.28/yr
Parking Garage
Neighborhood Long Island City
Floor 2 of 8

Property Highlights

  • Exposure: South facing
  • Style: Loft architecture
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 2 of 8
Exposure South
Cooling Central Air
Pets Yes
Cross Street Vernon Boulevard/5th Street
Year Built 2008
Living Area 1,048 sq ft
Parking Garage Available
Architectural Style Loft
Block/Lot 0030/7501

Listing History

Event Date Price Change
Listed Apr 24, 2026 $1,485,000 -
Currently Apr 24, 2026 $1,485,000 -

Description

All open houses are by appointment only. Advanced registration is required.

Introducing Residence 2C, a spacious and thoughtfully designed south-facing split two-bedroom, two-bathroom home situated along the coveted waterfront in Long Island City. Spanning just under 1,100 square feet, this residence offers an ideal layout that balances comfort, privacy, and functionality.

The open-concept kitchen is outfitted with premium appliances, including a Liebherr refrigerator, Bosch range, microwave, and dishwasher, complemented by the convenience of an in-unit washer and dryer. The generously sized primary suite easily accommodates a king-sized bed and features two closets, providing ample storage.
Residents of 5SL Condominium enjoy a full suite of amenities, including a 24-hour attended lobby, state-of-the-art fitness center, children’s playroom, and multiple outdoor spaces.

Located within the sought-after 5SL Condominium in Hunters Point South, the building offers unparalleled convenience. Commuting is seamless with close proximity to the Ed Koch Queensboro Bridge, LIE/Midtown Tunnel, BQE, and Pulaski Bridge. Public transportation options are abundant, including the 7 train just minutes away for a quick commute to Manhattan, as well as nearby E, M, and G subway lines and two NYC Ferry landings.

The neighborhood offers a vibrant mix of dining, retail, and daily conveniences, including Trader Joe’s and Target. Just one block away, Gantry Plaza State Park offers iconic waterfront promenades and sweeping Manhattan skyline views, completing this exceptional lifestyle offering.

Some photos have been virtually staged.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area In Unit New Windows

Exterior Features

Building Storage Building Courtyard Building Garden Building Roof Deck

Building Amenities

Elevators

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $1,300.04/mo
RE Taxes $8,435.28/yr ($703/mo)

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

165

Median Asking Price

$1.20M

Median $/Sqft

$1,524

Avg Days on Market

N/A

New This Week

7

Price Reduced

18%

Sold (30 Days)

12

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/24/26, 11:04 AM EST

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Location

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5-09 48th Avenue #2-C, Long Island City, Queens County • Near Vernon Boulevard/5th Street

Floor Plans

Floor Plan
Floor Plan

Building Information

Official NYC property records for this building

2007
Year Built
19 years old
8
Floors
118
Residential Units
M1-4/R7A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $10,004,823
Land Value: $1,147,482
Exemptions: $118,261

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

Lot Area: 35,084 SF
Building Area: 134,648 SF
Built FAR: 3.84
Allowed FAR: 4

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 $1,300.04 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $8,435.28, or roughly $703 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,048 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2008, making it approximately 18 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 $1,485,000 for 1,048 sq ft, the asking price per square foot is approximately $1,417. 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: RLS20086526
First Listed: 4/24/2026
On Market: 4/24/2026
Price Changed: 4/24/2026
Contract Date: 4/23/2026

Listing Courtesy of Modern Spaces - Alexis Yoo

Listing Contact: (917) 364-8383

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 4/24/2026 at 3:04 PM UTC

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