5 48TH Avenue #3P
MLS® #RLS10594420
Listing by Halstead dba Brown Harris Stevens Residential Sales LLC
2
Bedrooms
2
Baths
1,087
Sq. Ft.
2007
Year Built
Quick Summary
Property Highlights
- Exposure: North facing
- Parking: Private garage
Property Details
Description
Owner says SELL!!! BEST 2BR DEAL IN HEART OF LONG ISLAND CITY!! RE-SALES ARE WHERE THE VALUE IS AT! Spacious and light two-bedroom, two full bathroom apartment is available at Fifth Street Lofts, one of Long Island City's premiere and best-located condominiums! This nearly 1100 sq.ft. apartment boasts a fantastic layout and no wasted space. The unit comes with high-quality finishes, including a state-of-the-art gourmet kitchen with Caesar stone countertops, glass tile backsplash, Liebherr refrigerator, Bosch ranges, dishwasher, microwave, dark wood cabinetry, garbage disposal, and Kohler fixtures. The master bedroom is large enough for a king-size bed and includes a walk-in closet, as well as an en-suite master bathroom with Limestone double sink vanity and over-sized shower. Bosch washer/dryer included. Excellent closet storage throughout. 5SL is one of the best-located condo buildings in all of Long Island City, being just a block from the East River and the magical waterfront park, where there are playgrounds, green open spaces, the new Hunters Point library, and two ferry stops that take passengers from Queens to Brooklyn and Manhattan. It is also just two blocks from the 7 train, which is one subway stop to Grand Central and Midtown Manhattan. 5SL features a 24-hour concierge, fitness center, playroom, rooftop terrace, and common courtyard. A 15-year 421-a tax abatement is in place at 5SL until June 30th, 2024. THIS TAX EXEMPTION EQUATES TO APPROXIMATELY $20,000 IN TAX SAVINGS! If you're looking for real significant savings in your pocket, a re-sale unit (vs. a new development) is where the value is at! You'll get more square footage for your money. Also, in a re-sale transaction, the SELLER pays the NYC and State transfer taxes, equaling 1.825% of the purchase price (for this unit, that is over $21,000 in savings to the buyer)! In a new development, the buyer pays that tax, meaning that nearly 2% of your closing costs are gone when you choose a re-sale unit. Please reach out to schedule a viewing today!
Features & Amenities
Appliances
Building Information
Financial Details
About Long Island City
View All Long Island City ListingsLong 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 NeighborhoodActive Listings
154
Median Asking Price
$1.21M
Median $/Sqft
$1,527
Avg Days on Market
N/A
New This Week
12
Price Reduced
10%
Sold (30 Days)
12
Median Sale Price
$1.27M
Live data from RLS at REBNY • Updated 3/26/26, 4:48 PM EST
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Location
5 48TH Avenue #3P, Long Island City, Queens County • Near 48th Avenue & 5th Street
Floor Plans
Listing Data
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Market Data
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Map & Location
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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.
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RLS Data display by Keller Williams NYC. Data last updated on 3/26/2026 at 8:48 PM UTC