Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,599,000

· Closed July 13, 2022

5-09 48th Avenue #2-P
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Closed For Sale Condo

$1,599,000

$1,472 per sq ft

5-09 48th Avenue #2-P

Long Island City, Queens

MLS® #RLS10782735

RLS at REBNY

Listing by Compass

2

Bedrooms

2

Baths

1,086

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,086 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $1,201/mo
Property Taxes $3,924/yr
Parking Garage
Neighborhood Long Island City
Floor 2 of 8

Property Highlights

  • Exposure: North facing
  • Climate Control: Central Air
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 2 of 8
Exposure North
Cooling Central Air
Pets Yes
Cross Street Vernon Boulevard/5th Street
Year Built 2008
Living Area 1,086 sq ft
Parking Garage Available
Block/Lot 30/7501

Description

Welcome to Residence 2P at 5th Street Lofts, the premiere LIC condo located on the corner of 5th Street & 48th Ave, just one block to the Long Island City Waterfront. This nearly 1100 sqft spacious, beautifully maintained split 2 Bedroom, 2 Bath home has a one-of-a-kind 650+ SQFT PRIVATE YARD all on the same level! Floor-to-ceiling windows offer abundant natural light throughout the day in each room of the home. The spacious open kitchen has a high-end stainless steel appliance package, caesar-stone countertops, Kohler fixtures with kitchen sink garbage disposal and ample storage. The main bedroom is X-Large & offers a massive walk-in closet and a generous en-suite bathroom with double vanity. The secondary bedroom is nearly as large as the main bedroom and has its own full-length closet. A split bedroom layout offers the utmost privacy. Enjoy a relaxing and truly seamless indoor/outdoor living experience with your very own 650+ private yard off of the living/dining area. Your very own fenced yard for private gatherings, entertainment, BBQs or sun-bathing without having to leave your apartment! Yard is equipped with Large waterproof storage sheds for extra storage and its own sprinkler system in case you prefer a lush manicured lawn. A private deeded parking space is also available for additional 100K. 5SL Condominium features a 24-hour concierge, newly renovated fitness center, playroom, rooftop terrace, common courtyard, bike storage & Resident Manager. This pet-friendly building is conveniently located on a residential block in the prime Hunters Point waterfront neighborhood, only one short block from the new LIC Landing park promenade, East River Ferry, children's playgrounds, dog parks, restaurants and bars. The Vernon/Jackson stop of the 7 train is also one block away making a commute getting to Manhattan a breeze. 421-a tax abatement is in place until June 30th, 2024. **Some photos are virtually staged

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area New Windows

Exterior Features

Building Courtyard Building Garden Building Roof Deck Garden

Appliances

Dryer Washer

Building Information

Stories 8

Financial Details

Common Charges $1,201/mo
RE Taxes $3,924/yr ($327/mo)
Sale Price $1,599,000
Previous Price $1,650,000

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

$1,528

Avg Days on Market

N/A

New This Week

10

Price Reduced

8%

Sold (30 Days)

10

Median Sale Price

$1.38M

Live data from RLS at REBNY • Updated 3/25/26, 11:28 AM EST

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Location

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

Floor Plans

Floor Plan
MLS® ID: RLS10782735
First Listed: 3/3/2022
Price Changed: 4/6/2022
Closed: 7/13/2022
Contract Date: 3/3/2022

Listing Courtesy of Compass - Jessica Meis

Listing Contact: (646) 460-5311

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 3/25/2026 at 3:28 PM UTC

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