The Powerhouse 2-17 51st Avenue, Long Island City, NY 11101

Units for Sale


Renovated from a literal powerhouse, The Powerhouse is a structure from 1909 and was the former Pennsylvania Railroad Power Station. Renovated in 2008, this building now holds 177 of the finest units in Long Island City. With an additional four-story rooftop addition, this building is a perfect combination of old and new.

This is a full-service building with a full...
See the full transaction history for 2-17 51st Avenue below. This property description is generated based on publicly available data.

Building Features

Facilities

Bike RoomFitness Center

Outdoor Space

Roof Deck

Laundry

Washer / Dryer Allowed

Ownership & Occupancy

Pied-à-Terre Allowed

Community Features

Facilities

Health Club

Building Info

Overview

This property was built in 1909.

General

  • Year Built

    1909
  • First Altered Year

    2007
  • Building Count

    1
  • Floor Count

    11
  • Total Unit Count

    181
  • Residential Unit Count

    177
  • Basement Type

    5

Dimensions

  • Lot Area Sqft

    28,724
  • Lot Size Depth Feet

    265
  • Lot Size Frontage Feet

    105
  • Building Depth

    265
  • Building Frontage

    105
  • Gross Building Area

    199,706

Building Floor Area

  • Residential Building Floor Area

    187,903
  • Commercial Building Floor Area

    11,803
  • Garage Building Floor Area

    8,203
  • Retail Building Floor Area

    3,600

Floor Area Ratio

  • Built Floor Area Ratio

    6.95
  • Residential Floor Area Ratio

    6.02
  • Commercial Floor Area Ratio

    5.00
  • Facilities Floor Area Ratio

    6.50

Building

Building codes and types
  • Building Type

    RM
  • Lot Type

    1
  • Land Use

    04
  • Irregular Lot Code

    N

Neighborhood

The school district number is 30.
  • Community District

    402
  • City Council District

    26
  • Police Precinct

    108
  • Fire Company

    L115
  • Health Area

    720
  • Sanitation District Borough

    4
  • Sanitation Subsection

    3B
  • School District

    30

Zoning

The zoning code for this property is M1-5/R8A.
  • Split Boundary Zone Indicator

    N
  • Zoning

    M1-5/R8A
  • Special Purpose District 1

    LIC

Geography

The property is located in zip code 11101.
  • Borough Name

    QN
  • Borough Code

    4
  • Block

    16
  • Lot

    7501
  • Borough Block Lot

    4000167501

Address

  • Full Address

    50-09 2 Street
  • Condominium Number

    597
  • Zip Code

    11101

Valuation

The assessed value of this property is $8,635,496.

Assessments Valuation

  • Assessed Total Value

    $8,635,496
  • Assessed Land Value

    $504,900

Exemptions

  • Exempt Total Value

    $4,787,093
  • Exempt Land Value

    $0

Neighborhood

About Hunters Point

Stats & Trends

The median asking price in Hunters Point is $767,500.
  • Median Asking

    $767,500
  • Sale Price/ft²

    $709.82
  • Above Asking

    -
  • Days on Market

    92

9

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Sales History

UnitBedsBathsft²Asking
Common Charges
Listed
Listing Status
Closed
Days on Market
Closing
Above/Below Asking
Buyer(s)
1
1.5
1,186
$1,010,000
-/mo
Sep 29, 2007
Sold
May 7, 2010
951 days
$1,010,000
-
-
1
2
947
$830,000
-/mo
Sep 27, 2007
Sold
Jul 15, 2009
657 days
$830,000
-
-
Stu
1
758
$530,000
-/mo
Oct 10, 2007
Sold
Jun 16, 2009
615 days
$530,000
-
-
3
2
-
$1,999,000
-/mo
Nov 23, 2019
Sold
Feb 24, 2021
459 days
$1,999,000
-
-
Stu
1
759
$540,000
-/mo
Dec 11, 2007
Sold
Jan 26, 2009
412 days
$540,000
-
-
3
3
2,249
$2,695,000
-/mo
Sep 15, 2021
Sold
Oct 17, 2022
397 days
$2,620,000
-2.78%
-
Stu
1
500
$480,000
-/mo
Jan 10, 2008
Sold
Feb 4, 2009
391 days
$480,000
-
-
2
2
1,201
$1,750,000
-/mo
Aug 2, 2021
Sold
Aug 23, 2022
386 days
$1,699,000
-2.91%
-
2
2
1,333
$1,395,000
-/mo
Jun 29, 2020
Sold
Jun 14, 2021
350 days
$1,395,000
-
-
3
3
2,249
$1,400,000
-/mo
Feb 14, 2008
Sold
Jan 28, 2009
349 days
$1,400,000
-
-


More about The Powerhouse

The Powerhouse is a condo located 2-17 51st Avenue, in Hunters Point, Long Island City. The building was first built in 1909 and is 114 years old. It was first renovated and altered in 2007. The lot that the building was built on is 105 feet wide and 265 feet long. The official lot area is listed as 28,724 square feet. The building itself is 105 feet wide and 265 feet long. In total, 2-17 51st Avenue has a total floor area of 199,706 square feet. Of that, 187...

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2-17 51st Avenue, Long Island City, NY 11101


Frequently Asked Questions

What is the median home price in Northwestern Queens?
The median home price in Northwestern Queens is $625,000, or $999/sqft. When you buy a home in Northwestern Queens, you can expect to pay between $375,000 to $1,157,500. These figures may differ depending on the location, type, and size of the property.
What is the median home price for a Studio in Northwestern Queens?
The median home price for a studio in Northwestern Queens is $299,000, or $1,272/sqft.
What is the median home price for a One-Bedroom in Northwestern Queens?
The median home price for a one-bedroom home in Northwestern Queens is $359,000, or $1,015/sqft.
What is the median home price for a Two-Bedroom in Northwestern Queens?
The median home price for a two-bedroom home in Northwestern Queens is $549,000, or $1,237/sqft.
What is the median home price for a Three-Bedroom in Northwestern Queens?
The median home price for a three-bedroom home in Northwestern Queens is $899,000, or $742/sqft.
What is the median home price for a Four+ Bedroom in Northwestern Queens?
The median home price for a four+ bedroom home in Northwestern Queens is $1,395,000, or $573/sqft.
What is the breakdown of listings by bedroom count in Northwestern Queens?
There are currently 1,986 available properties for sale in Northwestern Queens. Of those, 7.15% are studio listings, 32.63% are one-bedroom listings, 24.92% are two-bedroom listings, 12.08% are three-bedroom listings, and 23.21% are four+ bedroom listings.
What is the breakdown of listings by property type in Northwestern Queens?
There are currently 475 condos, 180 houses, 75 townhouses, and 423 multifamilies located in Northwestern Queens. Our inventory of available listings is constantly being updated so be sure to check back frequently.
What is the least expensive property sold in the past 12 months in Northwestern Queens?
The least expensive property sold in Northwestern Queens for $3,300.
Now, what is the most expensive property sold in the past 12 months in Northwestern Queens?
The most expensive property sold in Northwestern Queens for $6,995,000.
How long on average are properties in Northwestern Queens on the market?
Based on our collected data, properties in Northwestern Queens are on the market for a median time of 92 days.

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