2
Map
2-17 51st Avenue #508
About This Property
As you step inside, you'll be greeted by an open layout with wall to wall windows and hardwood floors throughout. The southern exposure floods the space with natural light, creating a warm and inviting ambiance.
The open kitchen features stainless steel appliances, a gas stove, and a dishwasher, making it a chef's delight. The wall of closets offers ample storage space and the unit is equipped with a Bosch washer / dryer
Residents of the Powerhouse enjoy a plethora of amenities, including a sauna, spa, steam room, common roof deck, billiards room, gym, playroom, resident's lounge, screening room, and a concierge service for added convenience. Cold Storage and Bike Room also available
Once the Pennsylvania Railroad power station, built in 1909, converted into condos in 2007, The Powerhouse Condominium was redesigned by architect Karl Fischer and internationally-renowned designer Andres Escobar who have combined industrial chic and contemporary styles to transform a turn-of-the-century Long Island City icon into an unparalleled lifestyle opportunity.
With its prime location and upscale amenities, this condo offers the perfect blend of comfort and luxury. Don't miss the opportunity to make this your new home.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 29, 2024 | Sold | ||
Sold | |||
Jun 6, 2024 | In contract | - | |
In contract | |||
May 8, 2024 | Listed by Compass | $979,000 | |
Listed by Compass | |||
Jun 1, 2020 | No longer available | - | |
No longer available | |||
Feb 20, 2020 | Listed | $980,000 | |
Listed | |||
| |||
BRIGHT SPACIOUS 1 BR HOME WITH PANORAMIC SKYLINE VIEWS IN PRIME LIC
This is waterfront living at its finest. Each day, you are greeted
by sweeping panoramic NYC skyline views and stunning sunsets. The
oversized wall-to-wall windows allow the voluminous space to be
filled with sunlight during the day and twinkling city lights each
evening. The open gourmet chef's kitchen anchors the heart of your
new home with a full suite of premium stainless steel appliances.
The center island lends…
|
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
07/02/2024
|
1 Bed
|
3 Bath
|
1285 ft²
|
$1,980,000
1 Bed
3 Bath
1285 ft²
|
$1,725,000
-12.88%
09/23/2024
|
-
|
Emma Hao
Douglas Elliman Real Estate
| |
05/29/2024
|
1 Bed
|
1 Bath
|
1013 ft²
|
$1,195,000
1 Bed
1 Bath
1013 ft²
|
$1,195,000
09/04/2024
|
-
|
Lawrence Schier
Corcoran Group
| |
05/08/2024
|
1 Bed
|
1 Bath
|
890 ft²
|
$979,000
1 Bed
1 Bath
890 ft²
|
$979,000
08/29/2024
|
-
|
Daniel Karp
Compass
| |
04/03/2024
|
Studio
|
1 Bath
|
618 ft²
|
$695,000
Studio
1 Bath
618 ft²
|
$695,000
08/19/2024
|
-
|
Mae Liew
Modern Spaces
| |
04/03/2024
|
1 Bed
|
1 Bath
|
851 ft²
|
$989,000
1 Bed
1 Bath
851 ft²
|
$975,000
-1.42%
07/02/2024
|
-
|
Marissa McGowan
The Corcoran Group
| |
01/30/2024
|
2 Bed
|
2 Bath
|
1187 ft²
|
$1,595,000
2 Bed
2 Bath
1187 ft²
|
$1,420,000
-10.97%
06/20/2024
|
-
|
Mae Liew
Modern Spaces
| |
05/20/2023
|
Studio
|
1 Bath
|
-
|
$875,000
Studio
1 Bath
|
$875,000
09/18/2023
|
-
|
Mae Liew
Modern Spaces
| |
03/17/2023
|
2 Bed
|
2 Bath
|
-
|
$1,620,000
2 Bed
2 Bath
|
-
-
|
-
|
Stefani Berkin
Charles Rutenberg, LLC
| |
01/24/2023
|
2 Bed
|
2 Bath
|
1357 ft²
|
$1,725,000
2 Bed
2 Bath
1357 ft²
|
$1,600,000
-7.25%
07/25/2023
|
-
|
Bene Sarvary
Compass
| |
11/10/2022
|
1 Bed
|
2 Bath
|
947 ft²
|
$1,150,000
1 Bed
2 Bath
947 ft²
|
$1,085,000
-5.65%
05/23/2023
|
-
|
Alexis Yoo
Modern Spaces, LLC
| |
11/03/2022
|
1 Bed
|
2 Bath
|
1001 ft²
|
$1,180,000
1 Bed
2 Bath
1001 ft²
|
$1,180,000
04/07/2023
|
-
|
Alexis Yoo
Modern Spaces, LLC
| |
03/17/2022
|
Studio
|
1 Bath
|
613 ft²
|
$750,000
Studio
1 Bath
613 ft²
|
$680,000
-9.33%
10/04/2022
|
-
|
Silviya Dimova-Hubshman
Corcoran Group
| |
09/15/2021
|
3 Bed
|
3 Bath
|
2249 ft²
|
$2,695,000
3 Bed
3 Bath
2249 ft²
|
$2,620,000
-2.78%
10/17/2022
|
-
|
Kimberly Rodriguez
Corcoran Group
| |
07/08/2021
|
1 Bed
|
1 Bath
|
1018 ft²
|
-
1 Bed
1 Bath
1018 ft²
|
$988,000
01/27/2022
|
-
|
Daniel Gotlieb
Digs Realty Group LLC
| |
06/02/2021
|
1 Bed
|
1 Bath
|
830 ft²
|
$899,000
1 Bed
1 Bath
830 ft²
|
$889,000
-1.11%
08/27/2021
|
-
|
Sharon Weinstein
Modern Spaces, LLC
| |
04/18/2021
|
1 Bed
|
1 Bath
|
763 ft²
|
$975,000
1 Bed
1 Bath
763 ft²
|
$975,000
08/06/2021
|
-
|
Shaun Anders
Prudential Douglas Elliman Real Estate
| |
04/07/2021
|
1 Bed
|
1 Bath
|
759 ft²
|
$690,000
1 Bed
1 Bath
759 ft²
|
$750,000
+8.70%
09/09/2021
|
-
|
Britt Nieto
Modern Spaces
| |
03/04/2021
|
1 Bed
|
1 Bath
|
1013 ft²
|
$1,175,000
1 Bed
1 Bath
1013 ft²
|
$1,150,000
-2.13%
06/04/2021
|
-
|
Mae Liew
Modern Spaces
| |
01/28/2021
|
Studio
|
1 Bath
|
-
|
$875,000
Studio
1 Bath
|
-
-
|
-
|
Asit Parikh
Nest Seekers International
| |
11/15/2020
|
2 Bed
|
2 Bath
|
1357 ft²
|
$1,550,000
2 Bed
2 Bath
1357 ft²
|
$1,550,000
05/07/2021
|
-
|
Alexander Pereira
Modern Spaces, LLC
| |
10/27/2020
|
Studio
|
1 Bath
|
758 ft²
|
$850,000
Studio
1 Bath
758 ft²
|
$750,000
-11.76%
08/12/2021
|
-
|
Cheong Wai Lee
Modern Spaces
| |
10/13/2020
|
1 Bed
|
2 Bath
|
1232 ft²
|
$1,125,000
1 Bed
2 Bath
1232 ft²
|
$1,160,000
+3.11%
09/01/2021
|
-
|
Christopher Winslow
Modern Spaces
| |
07/07/2020
|
2 Bed
|
2 Bath
|
-
|
$1,379,000
2 Bed
2 Bath
|
$1,379,000
09/25/2020
|
-
|
Elizabeth Diamond
Coldwell Banker Realty
| |
06/29/2020
|
2 Bed
|
2 Bath
|
1333 ft²
|
$1,395,000
2 Bed
2 Bath
1333 ft²
|
$1,395,000
06/14/2021
|
-
|
Adrian Lupu
Nest Seekers International
| |
11/23/2019
|
3 Bed
|
2 Bath
|
-
|
$1,999,000
3 Bed
2 Bath
|
$1,825,000
-8.70%
02/24/2021
|
-
|
Mitchell Sher
Signature Premier Properties
| |
08/08/2019
|
Studio
|
1 Bath
|
759 ft²
|
$875,000
Studio
1 Bath
759 ft²
|
$821,000
-6.17%
12/30/2019
|
-
|
Mae Liew
Modern Spaces
| |
10/20/2018
|
1 Bed
|
2 Bath
|
888 ft²
|
$950,000
1 Bed
2 Bath
888 ft²
|
$970,000
+2.11%
01/23/2019
|
-
|
Mae Liew
Modern Spaces
| |
09/24/2018
|
1 Bed
|
1 Bath
|
757 ft²
|
$835,000
1 Bed
1 Bath
757 ft²
|
$815,000
-2.40%
12/19/2018
|
-
|
Keith Woo
Corcoran Group
| |
09/23/2018
|
3 Bed
|
3 Bath
|
1752 ft²
|
$2,175,000
3 Bed
3 Bath
1752 ft²
|
$2,175,000
05/14/2019
|
-
|
Mae Liew
Modern Spaces
| |
07/18/2018
|
2 Bed
|
2 Bath
|
1268 ft²
|
$1,750,000
2 Bed
2 Bath
1268 ft²
|
$1,550,000
-11.43%
07/02/2019
|
-
|
Christopher Winslow
Modern Spaces
| |
06/13/2018
|
1 Bed
|
2 Bath
|
947 ft²
|
$1,165,000
1 Bed
2 Bath
947 ft²
|
$1,160,000
-0.43%
02/07/2019
|
-
|
Mae Liew
Modern Spaces
| |
05/25/2018
|
2 Bed
|
2 Bath
|
1001 ft²
|
$1,149,000
2 Bed
2 Bath
1001 ft²
|
$1,050,000
-8.62%
12/28/2018
|
-
|
Olesia Goncharova
Nest Seekers LLC
| |
05/07/2018
|
Studio
|
1 Bath
|
608 ft²
|
$750,000
Studio
1 Bath
608 ft²
|
$670,000
-10.67%
11/08/2018
|
-
|
DONALD KEMPER
Prudential Douglas Elliman Real Estate
| |
04/03/2018
|
2 Bed
|
2 Bath
|
1441 ft²
|
$1,950,000
2 Bed
2 Bath
1441 ft²
|
$1,818,000
-6.77%
03/05/2019
|
-
|
Adrian Lupu
Nest Seekers International
| |
06/07/2017
|
1 Bed
|
1 Bath
|
859 ft²
|
$998,000
1 Bed
1 Bath
859 ft²
|
$998,000
02/05/2021
|
-
|
Adrian Lupu
Nest Seekers International
| |
05/26/2017
|
1 Bed
|
1 Bath
|
859 ft²
|
$925,000
1 Bed
1 Bath
859 ft²
|
$925,000
02/05/2021
|
-
|
Heloisa Germano
Keller Williams NYC
| |
05/05/2017
|
Studio
|
1 Bath
|
758 ft²
|
$880,000
Studio
1 Bath
758 ft²
|
$880,000
08/09/2017
|
-
|
Mary E. McGill-Alessandri
Modern Spaces
| |
03/20/2017
|
1 Bed
|
2 Bath
|
947 ft²
|
$1,068,857
1 Bed
2 Bath
947 ft²
|
$1,050,000
-1.76%
02/05/2021
|
-
|
Heloisa Germano
Keller Williams NYC
| |
02/23/2017
|
2 Bed
|
2 Bath
|
965 ft²
|
$1,109,999
2 Bed
2 Bath
965 ft²
|
$1,109,999
06/14/2017
|
-
|
Chris Zhou
Mont Sky Real Estate LLC
| |
02/12/2017
|
2 Bed
|
2 Bath
|
1333 ft²
|
$1,495,000
2 Bed
2 Bath
1333 ft²
|
$1,495,000
02/05/2021
|
-
|
Heloisa Germano
Keller Williams NYC
| |
01/18/2017
|
Studio
|
1 Bath
|
613 ft²
|
$697,501
Studio
1 Bath
613 ft²
|
$697,501
02/05/2021
|
-
|
Heloisa Germano
Keller Williams NYC
| |
01/10/2017
|
1 Bed
|
2 Bath
|
1232 ft²
|
$1,295,000
1 Bed
2 Bath
1232 ft²
|
-
-
|
-
|
Heloisa Germano
Keller Williams NYC
| |
07/13/2016
|
1 Bed
|
1 Bath
|
759 ft²
|
$880,000
1 Bed
1 Bath
759 ft²
|
$845,000
-3.98%
02/05/2021
|
-
|
Jesse S.
Dream Property Group LLC.
| |
06/23/2016
|
1 Bed
|
2 Bath
|
1001 ft²
|
$1,128,888
1 Bed
2 Bath
1001 ft²
|
$1,128,888
02/05/2021
|
-
|
Mae Liew
Modern Spaces
| |
06/17/2016
|
1 Bed
|
2 Bath
|
947 ft²
|
$1,175,000
1 Bed
2 Bath
947 ft²
|
-
-
|
-
|
Mae Liew
Modern Spaces
| |
06/03/2016
|
4 Bed
|
4 Bath
|
2322 ft²
|
$2,995,000
4 Bed
4 Bath
2322 ft²
|
-
-
|
-
|
Edward Cho
Prudential Douglas Elliman Real Estate
| |
05/10/2016
|
2 Bed
|
2 Bath
|
1131 ft²
|
$1,399,000
2 Bed
2 Bath
1131 ft²
|
$1,385,000
-1.00%
08/31/2016
|
-
|
Elina Rhodes
Prudential Douglas Elliman Real Estate
| |
05/04/2016
|
1 Bed
|
1 Bath
|
859 ft²
|
$898,606
1 Bed
1 Bath
859 ft²
|
$898,606
02/05/2021
|
-
|
Heloisa Germano
Keller Williams NYC
| |
04/21/2016
|
2 Bed
|
2 Bath
|
1357 ft²
|
$1,650,000
2 Bed
2 Bath
1357 ft²
|
-
-
|
-
|
Aran P. Scott
Prudential Douglas Elliman Real Estate
| |
04/21/2016
|
2 Bed
|
2 Bath
|
1357 ft²
|
$1,570,000
2 Bed
2 Bath
1357 ft²
|
$1,570,000
02/05/2021
|
-
|
Cheong Wai Lee
Modern Spaces
| |
04/08/2016
|
2 Bed
|
2.5 Bath
|
1285 ft²
|
$1,588,000
2 Bed
2.5 Bath
1285 ft²
|
$1,560,000
-1.76%
02/05/2021
|
-
|
David Grossmann
Compass
| |
03/17/2016
|
1 Bed
|
2 Bath
|
1001 ft²
|
$1,125,000
1 Bed
2 Bath
1001 ft²
|
$1,100,000
-2.22%
02/05/2021
|
-
|
Jennifer Dorfmann
Elliman
| |
03/01/2016
|
1 Bed
|
1 Bath
|
830 ft²
|
$900,000
1 Bed
1 Bath
830 ft²
|
$940,000
+4.44%
02/05/2021
|
-
|
Henry Yu Yang
Modern Spaces
| |
|