Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,166,922

· Closed January 18, 2024

50-07 5th Street #3-C
Looking for something similar?
Closed For Sale Condo

$1,166,922

$1,403 per sq ft

50-07 5th Street #3-C

Long Island City, Queens

MLS® #RLS10927644

RLS at REBNY

Listing by Modern Spaces

2

Bedrooms

2

Baths

832

Sq. Ft.

2023

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 832 sq ft
Year Built 2023
Ownership Condo
HOA/Common Charges $852/mo
Property Taxes $8,892/yr
Parking Garage
Neighborhood Long Island City

Property Highlights

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

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Exposure East
Cooling Central Air
Pets Yes
Cross Street 50th Avenue/51st Avenue
Year Built 2023
Living Area 832 sq ft
Parking Garage Available
Structure Type None
Block/Lot 33/27

Description

Quintessential charm. Distinctive style. The Alchemy emerges from Hunters Point’s industrial past as a welcome addition to Long Island City.

An intimately friendly 17-unit condominium residence at 50-07 5th Street, The Alchemy is surrounded by quiet tree-lined streets and historic brownstones. It’s just two blocks from Gantry State Park and the picturesque waterfront and one block away from bustling Vernon Boulevard, where restaurants, bars and lounges are plentiful. Although connected to the rhythms of city life, it’s a tranquil enclave you’ll want to call home.

Contemporary design meets sun-drenched living spaces in a mix of 1-2-bedroom units. Options include two ground floor duplexes that are sure to be coveted, as they feature private backyards and parking — truly an oasis in the city. All apartments offer private balconies and/or generous rooftop spaces, while the penthouse apartments offer views and spacious private front and back terraces or balconies.

All apartments are sleekly fashioned with luxe finishes. Airy interiors feature floor-to-ceiling Cortizo windows that provide superior natural light and dramatic streetscape views. Soaring 10’ ceilings, 7” wide plank oak flooring and recessed lighting throughout are among the standout elements; completed by a soft muted color palette ready for you to make your own. You’ll also appreciate the ability to add connectivity to your lifestyle here: The advanced Mitsubishi heating and cooling system is Nest and wifi compatible.

Kitchens are as pleasing as they are practical. Whether it’s everyday meal prep or stylish entertaining, you’ll do it all with ease in your Miton Cucine designed kitchen. Italian-imported cabinetry is integrated with high-end paneled appliances along with a gas Bosch or Blomberg Range.

The luxurious spa-inspired bathrooms are designed to pamper, outfitted with unique imported vanities, imported Spanish and Italian tiling, innovative Grohe shower systems and Toto fixtures, and radiant heated flooring.

For your convenience, apartments are equipped with washers and dryers. Select units are enhanced with not only a balcony but private rooftop spaces adding to their allure; a lovely spot to enjoy your preferred morning beverage or relax at sunset.

Thoughtfully curated amenities complement these fine residences. Enjoy the outdoor terrace, with its comfortable lounge and barbecue area, surrounded by those glorious views. And stay on top of your fitness goals; the fully equipped fitness center will keep you on track and on target.

Other essential services include a Butterfly MX entry system, fingerprint smart locks and bike storage.

From the peaceful shady streets to the Hunters Point Historic District, a national historic district of red-brick brownstones from the late 19th century, this micro-hood holds a special appeal. It’s invitingly residential, while close to plentiful shopping and dining choices, and just two blocks from the waterfront. And that’s perhaps best of all. The Alchemy is well situated near the East River, so that Gantry Plaza State Park — that amazing riverside retreat with playgrounds, fishing piers and running paths, along with Hunters Point South Park, is your backyard. The 11-acre Hunters Point South Park —considered a model of urban ecology and sustainable thinking — features a central green, playground, dog run, bikeway, waterside promenade with spectacular views of the Manhattan skyline), basketball court, and a 13,000 square foot pavilion with an elevated cafe plaza. It’s all outside your door!

Transportation is easily accessible. Convenient options include both the 7 subway line and Long Island Rail Road, also the ferry at Hunter’s Point South is an appealing alternative.

All this and more awaits you at The Alchemy. Far from ordinary. It’s urban living transformed.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Building Storage

Building Information

Stories 6
Structure None

Financial Details

Common Charges $852/mo
RE Taxes $8,892/yr ($741/mo)
Sale Price $1,166,922

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

150

Median Asking Price

$1.20M

Median $/Sqft

$1,528

Avg Days on Market

N/A

New This Week

11

Price Reduced

8%

Sold (30 Days)

9

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 3/24/26, 12:37 PM EST

Similar Listings in Long Island City

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Location

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50-07 5th Street #3-C, Long Island City, Queens County • Near 50th Avenue/51st Avenue

Floor Plans

Floor Plan
MLS® ID: RLS10927644
First Listed: 7/27/2023
On Market: 7/27/2023
Price Changed: 7/27/2023
Closed: 1/18/2024
Contract Date: 7/27/2023

Listing Courtesy of Modern Spaces - Alexander Pereira

Listing Contact: (646) 512-1300

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 3/24/2026 at 4:37 PM UTC

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