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Map
$1,100,000
●
Condo -
Off Market
5 48TH Avenue #3P
Queens, NY
2 Beds
2 Baths
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 |
Show More
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
Exterior Details
Property Information
Year Built: 2007
Building Information
Building Name: 5SL
Pets Allowed: Building Yes, Yes
Land Information
Tax Block: NA
Financial Details
Tax Annual Amount: $936
Location Details
Subdivision Name: Long Island City
Stories Total: 8
Association Fee: $975