The Monarch

The Monarch is a condo located 47-5 5th Street, in Hunters Point, Long Island City. The building was first built in 2015 and is 9 years old. The lot that the building was built on is 75 feet wide and 100 feet long. The official lot area is listed as 7,500 square feet. The building itself is 75 feet wide and 100 feet long. In total, 47-5 5th Street has a total floor area of 23,723 square feet. Of that, 22,499 square feet are used for residential purposes. About 1,224 square feet of the building are used for commercial purposes. Additionally, the building has a 1,224 square feet garage. There are a total of 29 units. Of those, 21 are residential units. There are 8 commercial units. 47-5 5th Street has a total of 6 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For those who love to work out, there is a fitness center. Love to bike? Store your bike in the building's bike storage rather than your own apartment. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 26 closings on record, of which we have matching data for 16 listings. In the past 3 years, a listing in this building will typically remain on the market for about 205 days Meaning, listings tend to sell at a median of $1,169 price per square foot. The transaction that took the longest to complete was unit 601, listed on Sep 01, 2021 for $1,500,000. This particular unit ultimately sold 315 days later for $1,600,000. The most recent transaction was for unit 101, sold for $1,832,850 on Nov 27, 2023. Fun fact, the oldest transaction we have on record took place on Dec 11, 1986. See the full transaction history for The Monarch below.

Hunters Point, where 47-5 5th Street is located, has a median asking price of $749,000 for condo buildings. Meanwhile, the building itself has a median asking price of $932,500. For interested buyers, that means the building's median asking price is around 1.66% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.