7
Map
Floor Plan
$939,000
●
Condo -
Off Market
5-27 51st Avenue #PHB
Queens, NY 11101
1 Bed
1 Bath
670 Ft²
$5,214
Est. Monthly
$534
HOA / Fees
4.57%
Cap Rate
About This Property
A PERFECT ONE BEDROOM WITH PARKING INCLUDED IN THE ASKING PRICE
Unit PHB features a practical layout that offers a sense of spaciousness. The kitchen showcases Ceasarstone Quarz countertops and high-quality appliances, including a Kitchen Aid oven range, microwave, and dishwasher, along with a Fisher & Paykel refrigerator. Flowing seamlessly into the dining/living room. The bedroom comfortably accommodates a queen-sized bed with ample space for additional furniture. Kohler and Duravit fixtures in the bathroom, an LG washer/dryer, white oak floors, and ample storage add to the functionality of this well-designed 1BR residence. Five27 is a boutique condominium characterized by modern and urban architecture. Residents enjoy amenities such as a 24-hour virtual doorman, an outdoor common terrace with a grill, a fitness center, and a lounge for relaxation or gatherings. Optional storage lockers and bike storage are available for rent. Conveniently located just a few blocks from the Vernon/Jackson subway stop on the 7 train, with easy access to Midtown Manhattan, Five27 offers proximity to Long Island City's diverse dining, entertainment, and transportation options. Additionally, the building benefits from a 421-a tax abatement in effect until June 30th, 2029.
*Images are virtually staged.
Unit PHB features a practical layout that offers a sense of spaciousness. The kitchen showcases Ceasarstone Quarz countertops and high-quality appliances, including a Kitchen Aid oven range, microwave, and dishwasher, along with a Fisher & Paykel refrigerator. Flowing seamlessly into the dining/living room. The bedroom comfortably accommodates a queen-sized bed with ample space for additional furniture. Kohler and Duravit fixtures in the bathroom, an LG washer/dryer, white oak floors, and ample storage add to the functionality of this well-designed 1BR residence. Five27 is a boutique condominium characterized by modern and urban architecture. Residents enjoy amenities such as a 24-hour virtual doorman, an outdoor common terrace with a grill, a fitness center, and a lounge for relaxation or gatherings. Optional storage lockers and bike storage are available for rent. Conveniently located just a few blocks from the Vernon/Jackson subway stop on the 7 train, with easy access to Midtown Manhattan, Five27 offers proximity to Long Island City's diverse dining, entertainment, and transportation options. Additionally, the building benefits from a 421-a tax abatement in effect until June 30th, 2029.
*Images are virtually staged.
Unit Size
670 Ft²
Days on Market
-
Land Size
-
Price per sqft
$1,401
Property Type
Condo
Property Taxes
$69
HOA Dues
$534
Year Built
2012
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 11 months ago (RLS #OLRS-00011249219)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 4, 2024 | Listed by Modern Spaces | $939,000 | |
| Listed by Modern Spaces | |||
  | |||
|
A PERFECT ONE BEDROOM WITH PARKING INCLUDED IN THE ASKING PRICE
Unit PHB features a practical layout that offers a sense of
spaciousness. The kitchen showcases Ceasarstone Quarz countertops
and high-quality appliances, including a Kitchen Aid oven range,
microwave, and dishwasher, along with a Fisher & Paykel
refrigerator. Flowing seamlessly into the dining/living room. The
bedroom comfortably accommodates a queen-sized bed with ample space
for additional furniture. Kohler and Duravit…
| |||
| Sep 16, 2013 | Listed by Modern Spaces, LLC | $750,000 | |
| Listed by Modern Spaces, LLC | |||
| | |||
|
Our last remaining one bedroom unit encompasses the best of what we
have to offer. It has a generous 13 x 17 living room, which
connects you to your private balcony facing the 59th Street Bridge.
The open kitchen comes equipped with stainless steel Kitchenaid
appliances, a Ceaserstone countertop that also serves as a
breakfast bar/dining table, and custom made Pedini solid oak
cabinetry imported from Italy. Great closet space including a large
walk-in off the 12 x 12 bedroom. Real grey oak…
| |||
Property Highlights
Garage
Parking Available
Doorman
Elevator
Air Conditioning
Parking Details
Has Garage
Interior Details
Bedrooms: 1
Full Bathrooms: 1
Living Area: 670
Laundry Features: Building Washer Dryer Install Allowed, Washer Dryer Install Allowed
Rooms: 2
Exterior Details
Year Built: 2013
Outdoor Living Structures: Balcony
Pets Allowed: Building No, No
Tax Lot: 7502
Tax Block: 33
Financial Details
Tax Annual Amount: $828
Utilities Details
Cooling Type: Wall Units
Heating Type: Electric
Location Details
Subdivision Name: Long Island City
Stories Total: 5
Association Fee: $534
Association Fee Frequency: Monthly
5-27 51st Avenue #PHB, Queens, NY, 11101
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Condo
1
Bed
1
Bath
670 ft²
$1,455/ft²
$975,000
Dec 7, 2023
$975,000
Mar 28, 2024
$643/mo
Sold
Condo
1
Bed
1
Bath
680 ft²
$1,272/ft²
$865,000
May 20, 2019
$865,000
Nov 22, 2019
$518/mo
Sold
Condo
1
Bed
1
Bath
680 ft²
$1,250/ft²
$850,000
Feb 26, 2018
$850,000
Jun 15, 2018
$518/mo
Condo
1
Bed
1
Bath
646 ft²
$1,393/ft²
$900,000
Jul 5, 2022
$900,000
Nov 7, 2022
$814/mo
Condo
1
Bed
1
Bath
675 ft²
$1,178/ft²
$795,000
Aug 15, 2016
$795,000
Feb 5, 2021
$548/mo
Condo
1
Bed
1
Bath
689 ft²
$1,205/ft²
$830,000
Mar 13, 2023
$830,000
Jun 30, 2023
$809/mo
In Contract
Condo
1
Bed
1
Bath
670 ft²
$1,401/ft²
$939,000
Apr 4, 2024
-
$603/mo
Active
Condo
1
Bed
1
Bath
661 ft²
$1,415/ft²
$935,000
Feb 11, 2025
-
$1,021/mo
In Contract
Condo
1
Bed
1
Bath
695 ft²
$1,273/ft²
$885,000
Nov 12, 2024
-
$1,204/mo
In Contract
Condo
1
Bed
1
Bath
639 ft²
$1,455/ft²
$930,000
Sep 4, 2024
-
$832/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
09/12/2024
|
2 Bed
|
2 Bath
|
1180 ft²
|
$1,800,000
2 Bed
2 Bath
1180 ft²
|
$1,825,000
+1.39%
12/18/2024
|
-
|
Haruno Arai
Compass
| |
|
12/07/2023
|
1 Bed
|
1 Bath
|
670 ft²
|
$999,000
1 Bed
1 Bath
670 ft²
|
$975,000
-2.40%
03/28/2024
|
-
|
Jonna Stark
Brown Harris Stevens Queens LLC
| |
|
05/05/2023
|
1 Bed
|
1 Bath
|
-
|
$830,000
1 Bed
1 Bath
|
$830,000
08/23/2023
|
-
|
Sharon Weinstein
Modern Spaces, LLC
| |
|
01/16/2023
|
2 Bed
|
2 Bath
|
950 ft²
|
$1,200,000
2 Bed
2 Bath
950 ft²
|
$1,200,000
02/08/2023
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
09/21/2022
|
Studio
|
1 Bath
|
490 ft²
|
$649,000
Studio
1 Bath
490 ft²
|
$649,000
01/26/2023
|
-
|
Henry Yang
Modern Spaces, LLC
| |
|
08/30/2021
|
Studio
|
1 Bath
|
490 ft²
|
$599,999
Studio
1 Bath
490 ft²
|
-
-
|
-
|
Martin Freiman
Redfin Real Estate
| |
|
09/10/2021
|
2 Bed
|
2 Bath
|
950 ft²
|
$1,325,000
2 Bed
2 Bath
950 ft²
|
$1,270,000
-4.15%
02/15/2022
|
-
|
Peter Smith
Level Group, Inc.
| |
|
05/20/2019
|
1 Bed
|
1 Bath
|
680 ft²
|
$895,000
1 Bed
1 Bath
680 ft²
|
$865,000
-3.35%
11/22/2019
|
-
|
Antipas Dimakopoulos
Modern Spaces
| |
|
02/26/2018
|
1 Bed
|
1 Bath
|
-
|
$850,000
1 Bed
1 Bath
|
$850,000
06/15/2018
|
-
|
Jonna Stark
Brown Harris Stevens Queens LLC
| |
|
04/11/2017
|
2 Bed
|
2 Bath
|
1180 ft²
|
$1,595,000
2 Bed
2 Bath
1180 ft²
|
$1,585,000
-0.63%
02/05/2021
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
07/25/2016
|
Studio
|
1 Bath
|
490 ft²
|
$655,000
Studio
1 Bath
490 ft²
|
$655,000
02/05/2021
|
-
|
Henry Yu Yang
Modern Spaces
| |
|
10/02/2014
|
Studio
|
1 Bath
|
490 ft²
|
$605,000
Studio
1 Bath
490 ft²
|
$565,000
-6.61%
02/05/2021
|
-
|
Jonna Stark
Brown Harris Stevens Queens LLC
| |
|
09/16/2013
|
1 Bed
|
1 Bath
|
670 ft²
|
$750,000
1 Bed
1 Bath
670 ft²
|
-
-
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
07/02/2013
|
2 Bed
|
2 Bath
|
1368 ft²
|
$1,580,000
2 Bed
2 Bath
1368 ft²
|
$1,580,000
02/05/2021
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
06/24/2013
|
Studio
|
1 Bath
|
490 ft²
|
$445,000
Studio
1 Bath
490 ft²
|
$445,000
04/01/2014
|
-
|
Tonia N.
Modern Spaces
| |
|
06/11/2013
|
1 Bed
|
1 Bath
|
670 ft²
|
$625,000
1 Bed
1 Bath
670 ft²
|
$616,000
-1.44%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
05/28/2013
|
Studio
|
1 Bath
|
490 ft²
|
$430,000
Studio
1 Bath
490 ft²
|
-
-
|
-
|
Tonia N.
Modern Spaces
| |
|
05/15/2013
|
2 Bed
|
2 Bath
|
937 ft²
|
$950,000
2 Bed
2 Bath
937 ft²
|
$945,000
-0.53%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
05/15/2013
|
1 Bed
|
1 Bath
|
670 ft²
|
$590,000
1 Bed
1 Bath
670 ft²
|
$605,000
+2.54%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
05/15/2013
|
Studio
|
1 Bath
|
490 ft²
|
$440,000
Studio
1 Bath
490 ft²
|
$430,000
-2.27%
04/01/2014
|
-
|
Tonia N.
Modern Spaces
| |
|
05/13/2013
|
2 Bed
|
2 Bath
|
950 ft²
|
$865,000
2 Bed
2 Bath
950 ft²
|
$877,000
+1.39%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
05/10/2013
|
1 Bed
|
1 Bath
|
680 ft²
|
$664,917
1 Bed
1 Bath
680 ft²
|
$653,000
-1.79%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/23/2013
|
2 Bed
|
2 Bath
|
950 ft²
|
$950,000
2 Bed
2 Bath
950 ft²
|
$982,000
+3.37%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/15/2013
|
1 Bed
|
1 Bath
|
680 ft²
|
$555,000
1 Bed
1 Bath
680 ft²
|
$645,000
+16.22%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/15/2013
|
2 Bed
|
2 Bath
|
937 ft²
|
$785,000
2 Bed
2 Bath
937 ft²
|
$845,000
+7.64%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/08/2013
|
1 Bed
|
1 Bath
|
632 ft²
|
$535,000
1 Bed
1 Bath
632 ft²
|
$539,000
+0.75%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/06/2013
|
Studio
|
1 Bath
|
490 ft²
|
$410,000
Studio
1 Bath
490 ft²
|
$421,000
+2.68%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/06/2013
|
1 Bed
|
1 Bath
|
680 ft²
|
$545,000
1 Bed
1 Bath
680 ft²
|
$545,000
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/06/2013
|
1 Bed
|
1 Bath
|
680 ft²
|
$540,000
1 Bed
1 Bath
680 ft²
|
$540,000
04/01/2015
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/06/2013
|
2 Bed
|
2 Bath
|
950 ft²
|
$765,000
2 Bed
2 Bath
950 ft²
|
$770,000
+0.65%
04/01/2014
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/02/2013
|
1 Bed
|
1 Bath
|
632 ft²
|
$520,000
1 Bed
1 Bath
632 ft²
|
$520,000
04/02/2015
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/02/2013
|
Studio
|
1 Bath
|
490 ft²
|
$395,000
Studio
1 Bath
490 ft²
|
$395,000
04/01/2015
|
-
|
Christina DeCurtis
Modern Spaces, LLC
| |
|
04/02/2013
|
2 Bed
|
2 Bath
|
937 ft²
|
$730,000
2 Bed
2 Bath
937 ft²
|
$833,000
+14.11%
04/01/2015
|
-
|
Christina DeCurtis
Modern Spaces, LLC
|
Building Info
About Northwestern Queens
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Listed by: Sharon Weinstein
Listing Courtesy of Modern Spaces
Last Updated: 11 months ago
Last Checked: 15 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
The information is being provided by REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 REBNY Listing Service, Inc. All rights reserved. RLS Data display by RH Advisors.
Listing Courtesy of Modern Spaces
Last Updated: 11 months ago
Last Checked: 15 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
