The Prestige

The Prestige is a condo located 50-1 5th Street, in Hunters Point, Long Island City. The building was first built in 1971 and is 53 years old. It was first renovated and altered in 2008. But was most recently renovated and altered in 2008. The lot that the building was built on is 125 feet wide and 100 feet long. The official lot area is listed as 7,500 square feet. The building itself is 125 feet wide and 50 feet long. In total, 50-1 5th Street has a total floor area of 17,762 square feet. Of that, 9,998 square feet are used for residential purposes. About 7,764 square feet of the building are used for commercial purposes. There are a total of 10 units. Of those, 7 are residential units. There are 3 commercial units. 50-1 5th Street has a total of 4 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. 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. Both dogs and cats are allowed in the building! There are 7 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 313 days Meaning, listings tend to sell at a median of $1,350 price per square foot. The transaction that took the longest to complete was unit 3A, listed on Oct 01, 2022 for $2,150,000. This particular unit ultimately sold 313 days later for $1,850,000. The most recent transaction was for unit 3A, which was first advertised on Oct 01, 2022, sold for $1,850,000 on Aug 10, 2023. Fun fact, the oldest transaction we have on record took place on Aug 11, 2009. See the full transaction history for The Prestige below.

Hunters Point, where 50-1 5th Street is located, has a median asking price of $749,105 for condo buildings. Meanwhile, the building itself has a median asking price of $2,150,000. For interested buyers, that means the building's median asking price is around 5.14% 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.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.