Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

5-33 48th Avenue #3-A
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Pending For Sale Condo

$1,595,000

$1,496 per sq ft

5-33 48th Avenue #3-A

Long Island City, Queens

MLS® #RLS20083332

RLS at REBNY

Listing by Modern Spaces

2

Bedrooms

2

Baths

1,066

Sq. Ft.

1931

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,066 sq ft
Year Built 1931
Ownership Condo
HOA/Common Charges $1,284.46/mo
Property Taxes $13,902.84/yr
Parking Garage
Neighborhood Long Island City
Floor 3 of 7

Property Highlights

  • Exposure: North facing
  • Outdoor Space: Balcony
  • Style: Prewar,Loft architecture

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 3 of 7
Exposure North
Cooling Central Air
Pets Yes
Cross Street 5th Street/Vernon Boulevard
Year Built 1931
Living Area 1,066 sq ft
Parking Garage Available
Architectural Style Prewar,Loft
Block/Lot 0030/7503

Listing History

Event Date Price Change
Listed Apr 13, 2026 $1,595,000 -
Currently May 29, 2026 $1,595,000 -

Description

Loft-Like 2 Bed + Home Office with 15-Foot Ceilings in The Zipper Building.

Welcome to Residence 3A at The Zipper Building — a striking, loft-inspired home defined by soaring 15-foot ceilings, oversized north-facing windows, and a seamless blend of historic character and modern design. Originally a 20th-century zipper factory, The Zipper has been thoughtfully converted into a boutique 41-unit condominium that preserves its industrial roots while offering contemporary luxury. Authentic architectural elements and a distinctive aesthetic set the tone for a residence that feels both timeless and unique.

Inside, natural light pours into the expansive living and dining area, where dramatic ceiling heights create an open, airy atmosphere rarely found at this price point. A custom-built window bench provides the perfect space to relax, while adding both charm and functionality.

The kitchen pairs clean, modern design with high-end functionality, featuring Bosch refrigerator and dishwasher, a Fisher & Paykel range, Samsung microwave, and sleek cabinetry complemented by stone countertops.

Thoughtful upgrades throughout the home enhance both livability and storage, including:
- Custom-built closet in the primary bedroom (2021)
- Built-in bookshelves in the home office (2021)
- Custom window bench seating in the living room (2021)

The spacious bedroom offers a peaceful retreat, while the bathroom is finished with refined, spa-inspired details. While the home office allows for extra flexibility as a work-from-home setup or guest space. A Miele washer and dryer (installed 2022) adds everyday convenience.

Additional highlights include hardwood flooring throughout and custom electric window treatments, including blackout shades in the bedrooms.

About The Zipper Building

The Zipper is a boutique condominium that seamlessly blends historic charm with modern craftsmanship. Retaining its original brick exterior, the building reflects the character of early 20th-century New York while introducing a refined, contemporary aesthetic.

Residences are designed with open layouts, generous proportions, and an industrial-inspired palette that complements a wide range of styles. Kitchens feature elegant finishes and high-quality appliances, while bathrooms are thoughtfully designed with spa-like materials and fixtures.

Residents enjoy a full suite of amenities, including:
State-of-the-art fitness center
Resident lounge with wet bar
Outdoor terrace
Children’s playroom

Ideally located in the heart of Long Island City, The Zipper offers convenient access to the 7, E, M, and G subway lines, waterfront parks, and a vibrant mix of restaurants, cafés, and cultural destinations.

A distinctive opportunity for both end-users and investors seeking a home with character, scale, and thoughtful upgrades in one of LIC’s most dynamic neighborhoods.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed In Unit

Exterior Features

Building Storage Balcony Building Roof Deck Private Outdoor Space Under60 Sqft Balcony

Building Amenities

Elevators

Appliances

Dryer Washer

Building Information

Building Data View Compliance & Permits
Stories 7
Style Prewar,Loft

Financial Details

Common Charges $1,284.46/mo
RE Taxes $13,902.84/yr ($1,159/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

172

Median Asking Price

$1.20M

Median $/Sqft

$1,521

Avg Days on Market

N/A

New This Week

3

Price Reduced

24%

Sold (30 Days)

2

Median Sale Price

$976K

Live data from RLS at REBNY • Updated 5/29/26, 5:29 PM EST

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Location

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5-33 48th Avenue #3-A, Long Island City, Queens County • Near 5th Street/Vernon Boulevard

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
8
Floors
41
Residential Units
M1-4/R7A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $6,595,655
Land Value: $493,204
Exemptions: $0

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

Lot Area: 13,523 SF
Building Area: 55,219 SF
Built FAR: 4.08
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 $1,284.46 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $13,902.84, or roughly $1,159 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 1,066 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1931, making it approximately 95 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 $1,595,000 for 1,066 sq ft, the asking price per square foot is approximately $1,496. 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: RLS20083332
First Listed: 4/13/2026
On Market: 4/13/2026
Price Changed: 4/13/2026
Pending Since: 5/26/2026
Contract Date: 3/10/2026

Listing Courtesy of Modern Spaces - Daniel Lee

Listing Contact: (917) 250-0340

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 5/29/2026 at 9:29 PM UTC

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