Five27

Five27 is a condo located 5-27 51st Avenue, in Hunters Point, Long Island City. The building was first built in 2012 and is 12 years old. The lot that the building was built on is 105 feet wide and 100 feet long. The official lot area is listed as 10,538 square feet. The building itself is 105 feet wide and 62 feet long. In total, 5-27 51st Avenue has a total floor area of 22,991 square feet. Of that, 19,805 square feet are used for residential purposes. About 3,186 square feet of the building are used for commercial purposes. Additionally, the building has a 3,186 square feet garage. There are a total of 65 units. Of those, 27 are residential units. There are 38 commercial units. 5-27 51st Avenue has a total of 5 floors.

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! If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 43 closings on record, of which we have matching data for 30 listings. In the past 3 years, a listing in this building will typically remain on the market for about 121 days and tend to sell below the original asking price of $850,000 by 4.17%. Meaning, listings tend to sell at a median of $1,272 price per square foot. The transaction that took the longest to complete was unit PHA, listed on Jul 02, 2013 for $1,580,000. This particular unit ultimately sold 282 days later for $1,580,000. The most recent transaction was for unit 3E, which was first advertised on May 05, 2023, sold for $830,000 on Aug 23, 2023. Fun fact, the oldest transaction we have on record took place on Aug 04, 1980. See the full transaction history for Five27 below.

Hunters Point, where 5-27 51st Avenue is located, has a median asking price of $749,210 for condo buildings. Meanwhile, the building itself has a median asking price of $850,000. For interested buyers, that means the building's median asking price is around 1.43% 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.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $999,000. It is a 670 sqft 1 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $939,000. It is a 670 sqft 1 bedroom and 1 bathroom unit. A breakdown of active listings shows no studio, 2 one-bedroom, no two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $969,000. Collectively, the median square footage of these active units for sale is 670 sqft. Active units for sale at 5-27 51st Avenue have a median count of 1 bedrooms and have a median count of 1 bathroom.