5-25 48th Avenue

5-25 48th Avenue is a condo located in Hunters Point, Long Island City. The building was first built in 2007 and is 17 years old. The lot that the building was built on is 264 feet wide and 200 feet long. The official lot area is listed as 35,084 square feet. The building itself is 260 feet wide and 190 feet long. In total, 5-25 48th Avenue has a total floor area of 136,353 square feet. Of that, 113,579 square feet are used for residential purposes. About 22,774 square feet of the building are used for commercial purposes. Additionally, the building has a 22,774 square feet garage. There are a total of 180 units. Of those, 121 are residential units. There are 59 commercial units. 5-25 48th Avenue has a total of 8 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 231 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 103 days and tend to sell below the original asking price of $1,285,000 by 3.70%. Meaning, listings tend to sell at a median of $1,159 price per square foot. The transaction that took the longest to complete was unit 6B, listed on Aug 27, 2020 for $1,285,000. This particular unit ultimately sold 103 days later for $1,237,500. The most recent transaction was for unit 2A, sold for $838,000 on Oct 16, 2023. Fun fact, the oldest transaction we have on record took place on Apr 24, 2008. See the full transaction history for 5-25 48th Avenue below.

Hunters Point, where 5-25 48th Avenue is located, has a median asking price of $749,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,285,000. For interested buyers, that means the building's median asking price is around 2.67% 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.