Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,275,000

· Closed August 30, 2022

48-21 5TH Street #PH5G
Closed For Sale Condo

$2,275,000

$1,349 per sq ft

48-21 5TH Street #PH5G

Queens (Other), Queens

THE GANTRY

MLS® #RLS10814029

RLS at REBNY

Listing by Corcoran Group

3

Bedrooms

2

Baths

1,686

Sq. Ft.

2005

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 1,686 sq ft
Year Built 2005
Ownership Condo
HOA/Common Charges $2,314/mo
Property Taxes $11,760/yr
Neighborhood Queens (Other)
Floor 5 of 6

Property Highlights

  • Exposure: South,West facing
  • Outdoor Space: Balcony

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 2 Full
Floor 5 of 6
Exposure South,West
Pets Yes
Cross Street 48 AVENUE and 49 AVENUE
Year Built 2005
Living Area 1,686 sq ft

Listing History

Event Date Price Change
Listed Feb 18, 2022 $2,550,000 -
Price Reduced Dec 13, 2022 $2,395,000 -6.1%
Currently May 15, 2026 $2,275,000 -5.0%

Description

Looking for a renovated top floor 3 bedroom with private outdoor space and Manhattan views? You can stop your search. This is it!

Presenting Penthouse 5G at The Gantry, Long Island City's premier boutique luxury condominium. This 3 Bedroom 2 bath duplex offers 1,687 sf of interior and 1,213 sf of private outdoor space and is being offered for resale for the first time and has so many things to be excited about.

On the first floor, the spacious entry foyer boasts 2 coat closets, Miele washer/dryer & a huge 5' deep pantry / closet. Also off the foyer is the renovated guest bath which also has direct access from the 3rd bedroom. Heading into the great room the gorgeous chef's kitchen features quartz countertops and backsplash and a wall of custom cabinetry with stainless steel hardware and a Subzero fridge with 2 freezer drawers.

The southwest light and 10' ceilings make this living room a place to take in the afternoon sun or share a glass with friends. The original layout was modified to allow a both a children's bedroom (3rd bed) and eat in dining room that comfortably sits eight.

Just off the living room is the first of 3 private outdoor terraces. Past the pantry the voluminous 2nd bedroom can easily handle 2 queen or king beds and a home office area. The large walk in closet features 6' of wall and hanging space on either side.

The homes original PTAC units have been upgraded in a major way by the owners and replaced by the Mitsubishi central HVAC system adding both space and energy efficiency to the home

Upstairs the landing has been outfitted with additional custom shelving and a wet bar. Proceeding towards the primary bedroom a large walk in closet has been retrofitted to accommodate an office and closet space. The Primary bedroom has a gas fireplace installed for the coziest of winter nights and has a gorgeous venetian tiled mater bathroom equipped with a large skylight to open the feel of the home even more.

Just off the wet bar is the enormous private roof deck with views of the Empire State Building and Chrysler building. The owners have outfitted the deck handsomely with an out door tap, stainless steel grill, custom seating, firepit and even an outdoor jacuzzi/hot tub. The terrace is equipped with water, electric and gas hook ups for the most creative of outdoor cooks and green thumbs.

This truly unique home also comes with the option of deeded parking. The Gantry is a boutique 47 unit condominium just 2 blocks from the Vernon Jackson 7 stop and just a quick ride to Grand Central in Manhattan. The building features a common roof deck, new gym and lobby, new hallways and a resident's lounge.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Balcony Balcony

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $2,314/mo
RE Taxes $11,760/yr ($980/mo)
Original Price $2,550,000
Sale Price $2,275,000
Previous Price $2,395,000

Queens (Other) offers a balanced residential setting with a focus on multifaceted living and accessibility. The neighborhood is defined by its balanced commercial corridors and a wide array of housing, including garden apartments and modern high-rise condominiums.

Queens (Other) Live Market Data

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Live data from RLS at REBNY • Updated 5/15/26, 7:26 AM EST

Recently Sold in Queens (Other)

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Location

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48-21 5TH Street #PH5G, Queens (Other), Queens County • Near 48 AVENUE and 49 AVENUE

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2005
Year Built
21 years old
5
Floors
47
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $3,870,582
Land Value: $229,517
Exemptions: $0

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

Lot Area: 22,800 SF
Building Area: 62,826 SF
Built FAR: 2.76
Allowed FAR: 2

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 $2,314 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $11,760, or roughly $980 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 2 full bathrooms.

The listed interior living area is 1,686 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2005, making it approximately 21 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 $2,275,000 for 1,686 sq ft, the asking price per square foot is approximately $1,349. 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: RLS10814029
First Listed: 2/18/2022
Price Changed: 12/13/2022
Closed: 8/30/2022
Contract Date: 2/18/2022

Listing Courtesy of Corcoran Group - Domingo Perez

Listing Contact: (646) 229-5877

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 5/15/2026 at 11:26 AM UTC

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