by RH Advisors

See Home Value
$1,070,000
Condo - Off Market

5-09 48TH Avenue #3P

Queens, NY 11101
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1087 Sqft
$1,541,410
RealtyHop Estimate
44.06%
Since Mar 1, 2020
NY-New York
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
303 days
Land Size
-
Price per sqft
$984
Property Type
Condo
Property Taxes
$78
HOA Dues
$975
Year Built
2007
Last updated: 3 months ago (RLS #RPLU-1087019562433)

Price History

Date / Event Date Event Price
Feb 5, 2021 Sold $1,195,000
Sold
Feb 14, 2020 Sold to Karin Lam, Jinjie Yuan $1,070,000
Sold to Karin Lam, Jinjie Yuan
Apr 17, 2019 Listed by Brown Harris Stevens Queens LLC $1,100,000
Listed by Brown Harris Stevens Queens LLC
Jan 21, 2015 Sold to Sanford Asd Llc, Sanford Nd... $1,100,000
Sold to Sanford Asd Llc, Sanford Nd...
Sep 21, 2014 Listed by Nest Seekers International $1,195,000
Listed by Nest Seekers International
Spacious and bright two-bedroom, two full bathroom apartment available at Fifth Street Lofts (5SL)! 5SL is a luxury premiere condominium building located in the heart of LIC, one of the most desirable neighborhoods in NYC. This charming nearly 1100 sq.ft. 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…
Show More

Property Highlights

Garage
Elevator
Doorman
Parking Details
Has Garage
Interior Details

Bedroom Information

Bedrooms: 2

Bathroom Information

Full Bathrooms: 2

Interior Information

Appliances: Washer Dryer Allowed
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
Co-op
2 Beds
2 Baths
-
$940,000 Oct 3, 2016
$940,000 Jul 31, 2017
$2,754/mo
Condo
2 Beds
2 Baths
-
$1,175,000 Sep 11, 2020
$1,175,000 Apr 23, 2021
$997/mo
Condo
2 Beds
2 Baths
1,100 ft²
$1,136/ft²
$1,250,000 Mar 15, 2017
$1,250,000 Aug 31, 2017
$1,030/mo
Condo
2 Beds
2 Baths
714 ft²
$1,374/ft²
$981,000 Jun 4, 2019
$981,000 May 3, 2021
$1,398/mo
Condo
2 Beds
2 Baths
-
$1,165,000 Apr 23, 2021
$1,165,000 Aug 24, 2022
$1,281/mo
Condo
2 Beds
2 Baths
902 ft²
$1,375/ft²
$1,240,000 Mar 4, 2020
$1,240,000 Sep 30, 2021
$1,594/mo
Co-op
2 Beds
2 Baths
-
$1,099,000 Aug 30, 2023
-
$3,983/mo
Condo
2 Beds
1 Bath
-
$1,170,000 Jul 13, 2023
-
$1,474/mo
Condo
2 Beds
2 Baths
-
$1,240,000 Oct 3, 2023
-
$1,573/mo
Co-op
2 Beds
2 Baths
-
$899,000 Sep 5, 2023
-
$3,339/mo
Co-op
2 Beds
2 Baths
-
$899,999 Sep 21, 2023
-
$4,167/mo
Condo
2 Beds
2 Baths
-
$1,162,350 Aug 23, 2023
-
$1,651/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20231016 Unit 4K
10/16/2023
4K
2 Bed
2 Bath
1216 ft²
$1,550,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1216 ft²
$1,595,000 +2.90%
03/29/2024
-
Tetsuo Matsumoto
Corcoran Group
20230622 Unit 6P
06/22/2023
6P
2 Bed
2 Bath
-
$1,395,000
bedrooms
2 Bed
bathrooms
2 Bath
$1,381,000 -1.00%
10/06/2023
- Private -
Jonna Stark
Brown Harris Stevens Queens LLC
20230412 Unit 5E
04/12/2023
5E
1 Bed
1 Bath
706 ft²
$935,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
706 ft²
$930,000 -0.53%
08/14/2023
Christopher Austad
Douglas Elliman Real Estate
20230131 Unit 5G
01/31/2023
5G
1 Bed
1 Bath
729 ft²
$988,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
729 ft²
$1,015,000 +2.73%
05/17/2023
Anna Maria Riccardi
Nest Seekers LLC
20230131 Unit 5R
01/31/2023
5R
2 Bed
2 Bath
1093 ft²
$1,398,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1093 ft²
$1,455,000 +4.08%
05/18/2023
Anna Maria Riccardi
Nest Seekers LLC
20220303 Unit 2P
03/03/2022
2P
2 Bed
2 Bath
1086 ft²
$1,650,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1086 ft²
$1,499,000 -9.15%
07/13/2022
Gilbert Morales
Compass
20220218 Unit 3G
02/18/2022
3G
1 Bed
1 Bath
729 ft²
$929,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
729 ft²
$929,000
05/17/2022
Chinmei Fan
Jade Stone Real Estate Consulting Inc
20210729 Unit 8J
07/29/2021
8J
2 Bed
2 Bath
1102 ft²
$1,625,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1102 ft²
$1,625,000
04/19/2022
Kenneth Hurley
Industrie Residential
20210513 Unit 4R
05/13/2021
4R
2 Bed
2 Bath
1093 ft²
$1,335,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1093 ft²
$1,370,000 +2.62%
09/08/2021
Kenneth Lee
Modern Spaces
20210224 Unit 4P
02/24/2021
4P
2 Bed
2 Bath
1087 ft²
$1,250,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1087 ft²
$1,325,000 +6.00%
06/11/2021
Jonna Stark
Brown Harris Stevens Queens LLC
20201213 Unit 5B
12/13/2020
5B
2 Bed
2 Bath
1109 ft²
$1,225,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1109 ft²
$1,325,000 +8.16%
05/07/2021
Reyn Rossington
Compass
20200910 Unit 5Q
09/10/2020
5Q
2 Bed
4 Bath
-
$1,290,000
bedrooms
2 Bed
bathrooms
4 Bath
$1,220,000 -5.43%
05/28/2021
-
Nicholas Oliver
Modern Spaces, LLC
20190417 Unit 3P
04/17/2019
3P
2 Bed
2 Bath
1087 ft²
$1,100,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1087 ft²
$1,070,000 -2.73%
02/14/2020
Jonna Stark
Brown Harris Stevens Queens LLC
20190321 Unit 7F
03/21/2019
7F
3 Bed
2 Bath
1587 ft²
$2,400,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1587 ft²
$2,360,000 -1.67%
07/10/2019
Jonna Stark
Brown Harris Stevens Queens LLC
20190306 Unit 7A
03/06/2019
7A
2 Bed
2 Bath
1217 ft²
$1,850,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1217 ft²
$1,780,000 -3.78%
09/04/2019
Patrick W Smith
Corcoran Group
20181128 Unit 2N
11/28/2018
2N
1 Bed
1 Bath
784 ft²
$950,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
784 ft²
$890,000 -6.32%
04/23/2019
Mae Liew
Modern Spaces
20180725 Unit 4Q
07/25/2018
4Q
2 Bed
2 Bath
1106 ft²
$1,348,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1106 ft²
$1,348,000
01/10/2019
-
Silvette Julian
Compass
20180618
06/18/2018
Studio
1 Bath
600 ft²
-
bedrooms
Studio
bathrooms
1 Bath
square feet
600 ft²
-
-
-
-
20170729
07/29/2017
2 Bed
2 Bath
-
-
bedrooms
2 Bed
bathrooms
2 Bath
-
-
-
-
20170622 Unit 2Q
06/22/2017
2Q
2 Bed
2 Bath
1103 ft²
$1,595,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1103 ft²
$1,605,000 +0.63%
09/28/2017
Nathaniel Faust
Citi Habitats, Inc.
20170605 Unit 8D
06/05/2017
8D
2 Bed
2 Bath
1080 ft²
$1,380,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1080 ft²
$1,380,000
06/21/2017
Katherine Vogeler
Maz Group NY
20170319 Unit 3F
03/19/2017
3F
1 Bed
1 Bath
729 ft²
$860,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
729 ft²
$850,000 -1.16%
08/14/2017
Douglas Perlson
RealDirect Brokerage Services
20170315 Unit 6R
03/15/2017
6R
2 Bed
2 Bath
1100 ft²
$1,400,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1100 ft²
$1,212,500 -13.39%
08/31/2017
Lauren Bennett
Corcoran Group
20170206 Unit 4G
02/06/2017
4G
1 Bed
1 Bath
729 ft²
$850,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
729 ft²
$850,000
04/13/2017
Kevin Wong
Citi Habitats, Inc.
20161010 Unit 4F
10/10/2016
4F
1 Bed
1 Bath
728 ft²
$875,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
728 ft²
$850,000 -2.86%
01/27/2017
Melissa Hernandez
Douglas Elliman Real Estate
20160919 Unit 8F
09/19/2016
8F
3 Bed
2 Bath
1587 ft²
$2,295,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1587 ft²
$1,962,500 -14.49%
04/13/2017
Adam Solomon
Douglas Elliman Real Estate
20160822 Unit 8L
08/22/2016
8L
1 Bed
1 Bath
-
$970,000
bedrooms
1 Bed
bathrooms
1 Bath
$950,000 -2.06%
04/12/2017
Jonna Stark
Brown Harris Stevens Queens LLC
20160422 Unit 2M
04/22/2016
2M
3 Bed
2 Bath
1594 ft²
$2,450,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1594 ft²
$1,800,000 -26.53%
01/12/2017
Rick Kelly
Elliman
20160408 Unit 2C
04/08/2016
2C
2 Bed
2 Bath
1048 ft²
$1,295,990
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1048 ft²
$1,285,000 -0.85%
06/08/2016
Teodora Liliana Buzan
Modern Spaces, LLC
20160328 Unit 7K
03/28/2016
7K
2 Bed
2 Bath
1093 ft²
$1,280,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1093 ft²
$1,355,000 +5.86%
06/28/2016
Dana Morrow
Space Marketing Shop Inc.
20160125 Unit 4P
01/25/2016
4P
2 Bed
2 Bath
1087 ft²
$1,299,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1087 ft²
$1,330,000 +2.39%
08/16/2016
Sandra Gansberg
Douglas Elliman Real Estate
20151211 Unit 5D
12/11/2015
5D
Studio
1 Bath
500 ft²
$2,300
bedrooms
Studio
bathrooms
1 Bath
square feet
500 ft²
-
-
-
Carol Castle
Keller Williams Realty Empire
20150921 Unit 4J
09/21/2015
4J
Studio
1 Bath
503 ft²
$658,000
bedrooms
Studio
bathrooms
1 Bath
square feet
503 ft²
$615,950 -6.39%
09/16/2016
Barbara Katsnelson
The Corcoran Group
20150610 Unit 2J
06/10/2015
2J
Studio
1 Bath
-
$638,000
bedrooms
Studio
bathrooms
1 Bath
-
10/19/2015
Brian Dusseau
Bond New York
20150501 Unit 4D
05/01/2015
4D
1 Bed
1 Bath
732 ft²
$780,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
732 ft²
-
07/10/2015
Thomas Lattanzio
Modern Spaces, LLC
20150218 Unit 7K
02/18/2015
7K
2 Bed
2 Bath
1093 ft²
$1,225,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1093 ft²
-
-
-
Anthony Robles
Prudential Douglas Elliman Real Estate
20141105 Unit 8G
11/05/2014
8G
Studio
1 Bath
513 ft²
$650,000
bedrooms
Studio
bathrooms
1 Bath
square feet
513 ft²
$640,000 -1.54%
08/28/2015
Helen Elias
Modern Spaces, LLC
20141015 Unit 4B
10/15/2014
4B
2 Bed
2 Bath
1109 ft²
$1,325,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1109 ft²
$1,270,000 -4.15%
03/30/2015
Adrian Lupu
Nest Seekers International
20140921 Unit 3P
09/21/2014
3P
2 Bed
2 Bath
1087 ft²
$1,195,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1087 ft²
$1,100,000 -7.95%
01/21/2015
Jonna Stark
Nest Seekers International
20140811 Unit 7E
08/11/2014
7E
2 Bed
2 Bath
1106 ft²
$1,698,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1106 ft²
$1,600,000 -5.77%
06/25/2015
Silvette Julian
Nest Seekers International
20140723 Unit 4C
07/23/2014
4C
2 Bed
2 Bath
1048 ft²
$1,050,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1048 ft²
$1,140,000 +8.57%
09/18/2014
Hui Milligan
Douglas Elliman Real Estate
20140505 Unit 8D
05/05/2014
8D
2 Bed
2 Bath
1080 ft²
$1,279,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1080 ft²
-
07/23/2014
Karen Barsegyan
Space Marketing Shop Inc.
20140430 Unit 5M
04/30/2014
5M
3 Bed
2 Bath
-
$1,550,000
bedrooms
3 Bed
bathrooms
2 Bath
$1,550,000
08/01/2014
Jason Lee
R New York
20130926 Unit 2N
09/26/2013
2N
1 Bed
1 Bath
-
$760,000
bedrooms
1 Bed
bathrooms
1 Bath
$680,000 -10.53%
04/10/2014
Venita Farrier
Elliman
20130302 Unit 5E
03/02/2013
5E
1 Bed
1 Bath
706 ft²
$679,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
706 ft²
$679,000
11/01/2013
Christopher Austad
Douglas Elliman Real Estate
20130116 Unit 6R
01/16/2013
6R
2 Bed
2 Bath
1093 ft²
$925,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1093 ft²
$965,000 +4.32%
08/23/2013
David Grossmann
Modern Spaces, LLC

Building Info

5sl 5-9 48th Avenue, Long Island City, NY 11101
  • 180 Units
  • 1 Unit for Sale
More about this Building
5-9 48th Avenue
Want to find out who owns 5-9 48th Avenue, Long Island City, NY 11101? Get detailed property transactions here .

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