See Home Value
$1,100,000
Condo - Off Market

5 48TH Avenue #3P

Queens, NY
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1087 Sqft
$1,554,622
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Owner says SELL!!! BEST 2BR DEAL IN HEART OF LONG ISLAND CITY!! RE-SALES ARE WHERE THE VALUE IS AT! Spacious and light two-bedroom, two full bathroom apartment is available at Fifth Street Lofts, one of Long Island City's premiere and best-located condominiums! This nearly 1100 sq.ft. apartment boasts a fantastic layout and no wasted space. The unit comes with high-quality finishes, including a state-of-the-art gourmet kitchen with Caesar stone countertops, glass tile backsplash, Liebherr refrigerator, Bosch ranges, dishwasher, microwave, dark wood cabinetry, garbage disposal, and Kohler fixtures. The master bedroom is large enough for a king-size bed and includes a walk-in closet, as well as an en-suite master bathroom with Limestone double sink vanity and over-sized shower. Bosch washer/dryer included. Excellent closet storage throughout. 5SL is one of the best-located condo buildings in all of Long Island City, being just a block from the East River and the magical waterfront park, where there are playgrounds, green open spaces, the new Hunters Point library, and two ferry stops that take passengers from Queens to Brooklyn and Manhattan. It is also just two blocks from the 7 train, which is one subway stop to Grand Central and Midtown Manhattan. 5SL features a 24-hour concierge, fitness center, playroom, rooftop terrace, and common courtyard. A 15-year 421-a tax abatement is in place at 5SL until June 30th, 2024. THIS TAX EXEMPTION EQUATES TO APPROXIMATELY $20,000 IN TAX SAVINGS! If you're looking for real significant savings in your pocket, a re-sale unit (vs. a new development) is where the value is at! You'll get more square footage for your money. Also, in a re-sale transaction, the SELLER pays the NYC and State transfer taxes, equaling 1.825% of the purchase price (for this unit, that is over $21,000 in savings to the buyer)! In a new development, the buyer pays that tax, meaning that nearly 2% of your closing costs are gone when you choose a re-sale unit. Please reach out to schedule a viewing today!
Unit Size
1,087Ft²
Days on Market
411 days
Land Size
-
Price per sqft
$1,012
Property Type
Condo
Property Taxes
$78
HOA Dues
$975
Year Built
-
Last updated: 2 months ago (RLS #RPLU-63219562433)

Price History

Date / Event Date Event Price
Jun 2, 2020 No longer available -
No longer available
May 31, 2020 Sold $1,100,000
Sold
Jan 1, 2020 In contract -
In contract
Nov 13, 2019 Price Decreased $1,100,000
↓ $70K (6%)
Price Decreased
Sep 27, 2019 Price Decreased $1,170,000
↓ $65K (5.3%)
Price Decreased
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Property Highlights

Garage
Doorman
Elevator
Parking Details
Has Garage
Interior Details

Bedroom Information

Bedrooms: 2

Bathroom Information

Full Bathrooms: 2

Interior Information

Appliances: Dryer, Washer
Living Area: 1087

Room Information

Rooms: 4


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

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