Solarium

Solarium is a condo located 5-43 48th Avenue, in Hunters Point, Long Island City. The building was first built in 1955 and is 69 years old. It was first renovated and altered in 2008. The lot that the building was built on is 100 feet wide and 200 feet long. The official lot area is listed as 15,000 square feet. The building itself is 100 feet wide and 66 feet long. In total, 5-43 48th Avenue has a total floor area of 47,885 square feet. Of that, 42,464 square feet are used for residential purposes. About 5,421 square feet of the building are used for commercial purposes. Additionally, the building has a 3,110 square feet garage. There are a total of 85 units. Of those, 35 are residential units. There are 50 commercial units. 5-43 48th Avenue has a total of 8 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! Better yet, washer and dryers are allowed in each unit. For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Don't forget to take full advantage of the roof deck where you can soak up some sun during summer or host a get together with your friends and family. On weekends, residents can enjoy the building's deck. Residents who own pets will be happy to hear that the building is pet-friendly. There are 64 closings on record, of which we have matching data for 10 listings. In the past 3 years, a listing in this building will typically remain on the market for about 171 days and tend to sell below the original asking price of $1,412,500 by 3.07%. Meaning, listings tend to sell at a median of $1,307 price per square foot. The transaction that took the longest to complete was unit 6B, listed on Mar 26, 2018 for $1,850,000. This particular unit ultimately sold 275 days later for $1,500,000. The most recent transaction was for unit 1B, sold for $2,417,500 on Mar 23, 2023. Fun fact, the oldest transaction we have on record took place on Nov 04, 1968. See the full transaction history for Solarium below.

Hunters Point, where 5-43 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 $1,412,500. For interested buyers, that means the building's median asking price is around 3.04% 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 is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $1,750,000. It is a 1,394 sqft 2-bedroom and 2-bathroom unit.