5-09 48th Ave #5G

Condo in Hunters Point
In Contract
 for Sale at 5-9 48th Avenue, Long Island City, NY 11101

9

 for Sale at 5-9 48th Avenue, Long Island City, NY 11101
 for Sale at 5-9 48th Avenue, Long Island City, NY 11101
 for Sale at 5-9 48th Avenue, Long Island City, NY 11101
$948,000
1
Bed
1
Bath
Half Bath
729
Ft²
$1,300
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
3.60%
Est. Monthly
$5,647
5TH STREET LOFTS (5SL) Long Island City's Refined Full-Service Boutique Condominium  Where Owners are Provided with the Highest Possible Quality of Service.

First Time Offered  Original Owner/ Owner Occupied

Welcome to Resident 5G a Charming Warm & Pristine 729sqft of Interior Living that Boasts a Modern Open & Airy South-Facing Layout.

Enter into an Elegantly Designed Functional Space that is Engulfed with Natural Sunlight Streaming into Every Room in your Home. An Open Living & Dining Space is Adorned w/ Oversized Wall-to-Wall Windows and Direct Southern Exposures, this Home Creates a Warm and Enjoyable Atmosphere for Family & Friends.

Gourmet Kitchen is Equipped w/ High-end Stainless-Steel Appliances Including Liebherr Refrigerator...

Building Features

Parking

Garage Parking

Facilities

Bike RoomFitness CenterStorage AvailableLaundry Room

Outdoor Space

GardenCourtyardRoof Deck

Laundry

Washer / Dryer Allowed

Community Features

Facilities

Health Club

Home Features

HVAC

Central A/C

Laundry

Washer / Dryer in Unit

Interior

New Windows

Exposure

South Exposure

Price History

Date/EventEventPrice
Mar 22, 2023 In contractIn contract-
Feb 21, 2023 Price DecreasedPrice Decreased$948,000 $40K (4%)
Jan 31, 2023 Listed by Nest Seekers InternationalListed by Nest Seekers International$988,000
Jul 30, 2008 SoldSold$638,432

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$47,460
ExpensesPer Year
$11,904
Operating ProfitPer Year
$35,556
Cap rate
3.75%

Price Estimate

$1,089,000$949,547$810,096
20232024202520262027
Current Asking Price

$948,000

HopScore Market Price

$949,547

The current asking price is $1,547.82 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Sold
Condo
1
1
729 ft²
$1,274/ft²
$929,000
$900/mo
Sold
Condo
2
2
714 ft²
$1,374/ft²
$981,000
$1,398/mo
Sold
Condo
1
1
784 ft²
$1,135/ft²
$890,000
$803/mo
Sold
Condo
1
1
720 ft²
$1,257/ft²
$905,000
$570/mo
Sold
Condo
1
1
785 ft²
$1,197/ft²
$940,000
$1,167.63/mo

Payment Calculator


Building Info

5sl5-9 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 .

Neighborhood

About Hunters Point

Stats & Trends

The median asking price in Hunters Point is $752,500.
  • Median Asking

    $752,500
  • Sale Price/ft²

    $794.60
  • Above Asking

    0.63%
  • Days on Market

    106

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Sales History

UnitBedsBathsft²Asking
Common Charges
Listed
Listing Status
Closed
Days on Market
Closing
Above/Below Asking
Buyer(s)
Stu
1
503
$725,000
-/mo
Mar 22, 2023
Active
-
-
-
-
2
2
1,093
$1,398,000
-/mo
Jan 31, 2023
In Contract
-
-
-
-
-
1
1
729
$988,000
-/mo
Jan 31, 2023
In Contract
-
-
-
-
-
2
2
1,086
$1,650,000
$1,528/mo
Mar 3, 2022
Sold
Jul 13, 2022
132 days
$1,499,000
-9.15%
1
1
729
$929,000
$900/mo
Feb 20, 2022
Sold
May 17, 2022
86 days
$929,000
-
2
2
1,102
$1,625,000
$1,550/mo
Jul 29, 2021
Sold
Apr 19, 2022
264 days
$1,625,000
-
2
2
1,093
$1,335,000
$1,216/mo
May 13, 2021
Sold
Sep 8, 2021
118 days
$1,370,000
+2.62%
2
2
1,109
$1,225,000
$1,238/mo
Dec 13, 2020
Sold
May 7, 2021
145 days
$1,325,000
+8.16%
2
4
-
$1,290,000
$1,193.74/mo
Sep 10, 2020
Sold
May 28, 2021
260 days
$1,220,000
-5.43%
3
2
-
$1,899,000
-/mo
Jun 4, 2020
Expired
-
-
-
-
-

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Unit #5G, 5-9 48th Avenue, Long Island City, NY 11101


Frequently Asked Questions

What is the median home price in Northwestern Queens?
The median home price in Northwestern Queens is $613,500, or $1,032/sqft. When you buy a home in Northwestern Queens, you can expect to pay between $369,925 to $1,188,000. These figures may differ depending on the location, type, and size of the property.
What is the median home price for a Studio in Northwestern Queens?
The median home price for a studio in Northwestern Queens is $250,000, or $1,274/sqft.
What is the median home price for a One-Bedroom in Northwestern Queens?
The median home price for a one-bedroom home in Northwestern Queens is $359,000, or $1,121/sqft.
What is the median home price for a Two-Bedroom in Northwestern Queens?
The median home price for a two-bedroom home in Northwestern Queens is $529,000, or $1,258/sqft.
What is the median home price for a Three-Bedroom in Northwestern Queens?
The median home price for a three-bedroom home in Northwestern Queens is $895,000, or $747/sqft.
What is the median home price for a Four+ Bedroom in Northwestern Queens?
The median home price for a four+ bedroom home in Northwestern Queens is $1,450,000, or $540/sqft.
What is the breakdown of listings by bedroom count in Northwestern Queens?
There are currently 2,038 available properties for sale in Northwestern Queens. Of those, 6.92% are studio listings, 32.92% are one-bedroom listings, 25.42% are two-bedroom listings, 11.53% are three-bedroom listings, and 23.21% are four+ bedroom listings.
What is the breakdown of listings by property type in Northwestern Queens?
There are currently 490 condos, 171 houses, 69 townhouses, and 428 multifamilies located in Northwestern Queens. Our inventory of available listings is constantly being updated so be sure to check back frequently.
What is the least expensive property sold in the past 12 months in Northwestern Queens?
The least expensive property sold in Northwestern Queens for $3,300.
Now, what is the most expensive property sold in the past 12 months in Northwestern Queens?
The most expensive property sold in Northwestern Queens for $8,500,000.
How long on average are properties in Northwestern Queens on the market?
Based on our collected data, properties in Northwestern Queens are on the market for a median time of 106 days.

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