by RH Advisors

See Home Value
$1,447,500
Condo - Off Market

50-07 5th Street #PH2

Queens, NY 11101
bedrooms
2 Beds
bathrooms
2 Baths
square feet
961 Sqft
$9,163
Estimated Monthly
$1,099
HOA / Fees
3.43%
Cap Rate

About This Property

Quintessential charm. Distinctive style. The Alchemy emerges from Hunters Point's industrial past as a welcome addition to Long Island City.

An intimately friendly 17-unit condominium residence at 50-07 5th Street, The Alchemy is surrounded by quiet tree-lined streets and historic brownstones. It's just two blocks from Gantry State Park and the picturesque waterfront and one block away from bustling Vernon Boulevard, where restaurants, bars and lounges are plentiful. Although connected to the rhythms of city life, it's a tranquil enclave you'll want to call home.

Contemporary design meets sun-drenched living spaces in a mix of 1-2-bedroom units. Options include two ground floor duplexes that are sure to be coveted, as they feature private backyards and parking - truly an oasis in the city. All apartments offer private balconies and/or generous rooftop spaces, while the penthouse apartments offer views and spacious private front and back terraces or balconies.

All apartments are sleekly fashioned with luxe finishes. Airy interiors feature floor-to-ceiling Cortizo windows that provide superior natural light and dramatic streetscape views. Soaring 10' ceilings, 7" wide plank oak flooring and recessed lighting throughout are among the standout elements; completed by a soft muted color palette ready for you to make your own. You'll also appreciate the ability to add connectivity to your lifestyle here: The advanced Mitsubishi heating and cooling system is Nest and wifi compatible.

Kitchens are as pleasing as they are practical. Whether it's everyday meal prep or stylish entertaining, you'll do it all with ease in your Miton Cucine designed kitchen. Italian-imported cabinetry is integrated with high-end paneled appliances along with a gas Bosch or Blomberg Range.

The luxurious spa-inspired bathrooms are designed to pamper, outfitted with unique imported vanities, imported Spanish and Italian tiling, innovative Grohe shower systems and Toto fixtures, and radiant heated flooring.

For your convenience, apartments are equipped with washers and dryers. Select units are enhanced with not only a balcony but private rooftop spaces adding to their allure; a lovely spot to enjoy your preferred morning beverage or relax at sunset.

Thoughtfully curated amenities complement these fine residences. Enjoy the outdoor terrace, with its comfortable lounge and barbecue area, surrounded by those glorious views. And stay on top of your fitness goals; the fully equipped fitness center will keep you on track and on target.

Other essential services include a Butterfly MX entry system, fingerprint smart locks and bike storage.

From the peaceful shady streets to the Hunters Point Historic District, a national historic district of red-brick brownstones from the late 19th century, this micro-hood holds a special appeal. It's invitingly residential, while close to plentiful shopping and dining choices, and just two blocks from the waterfront. And that's perhaps best of all. The Alchemy is well situated near the East River, so that Gantry Plaza State Park - that amazing riverside retreat with playgrounds, fishing piers and running paths, along with Hunters Point South Park, is your backyard. The 11-acre Hunters Point South Park -considered a model of urban ecology and sustainable thinking - features a central green, playground, dog run, bikeway, waterside promenade with spectacular views of the Manhattan skyline), basketball court, and a 13,000 square foot pavilion with an elevated cafe plaza. It's all outside your door!

Transportation is easily accessible. Convenient options include both the 7 subway line and Long Island Rail Road, also the ferry at Hunter's Point South is an appealing alternative.

All this and more awaits you at The Alchemy. Far from ordinary. It's urban living transformed.
Unit Size
961Ft²
Days on Market
176 days
Land Size
-
Price per sqft
$1,506
Property Type
Condo
Property Taxes
$956
HOA Dues
$1,099
Year Built
-
Last updated: 4 months ago (RLS #OLRS-2050925)

Price History

Date / Event Date Event Price
Jan 19, 2024 Sold $1,447,500
Sold
Aug 3, 2023 In contract -
In contract
Jul 27, 2023 Listed by Modern Spaces $1,447,500
Listed by Modern Spaces

Property Highlights

Garage
Doorman
Air Conditioning
Parking Details
Has Garage
Interior Details

Bedroom Information

Bedrooms: 2

Bathroom Information

Full Bathrooms: 2

Interior Information

Living Area: 961

Room Information

Laundry Features: Building Washer Dryer Install Allowed
Rooms: 4


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
2 Beds
2 Baths
843 ft²
$1,450/ft²
$1,222,350 Aug 3, 2023
$1,222,350 Jan 19, 2024
$1,672/mo
Condo
2 Beds
2 Baths
862 ft²
$1,348/ft²
$1,162,350 Aug 23, 2023
$1,162,350 Jan 29, 2024
$1,651/mo
Condo
2 Beds
2 Baths
843 ft²
$1,426/ft²
$1,202,350 Aug 12, 2023
$1,202,350 Jan 24, 2024
$1,641/mo
Condo
2 Beds
2 Baths
843 ft²
$1,403/ft²
$1,182,350 Sep 7, 2023
$1,182,350 Jan 24, 2024
$1,612/mo
Condo
2 Beds
2 Baths
832 ft²
$1,418/ft²
$1,180,000 Aug 28, 2023
$1,180,000 Apr 12, 2024
$1,654/mo
Condo
2 Beds
2 Baths
832 ft²
$1,426/ft²
$1,186,661 Aug 23, 2023
$1,186,661 Jan 16, 2024
$1,625/mo
Condo
2 Beds
2 Baths
939 ft²
$1,411/ft²
$1,325,000 Mar 19, 2024
-
$1,356/mo
Condo
2 Beds
2 Baths
1,065 ft²
$1,291/ft²
$1,375,000 Dec 4, 2023
-
$1,591/mo
Condo
2 Beds
2 Baths
926 ft²
$1,350/ft²
$1,250,000 Jun 5, 2023
-
$1,329/mo
Condo
2 Beds
2 Baths
910 ft²
$1,423/ft²
$1,295,000 Jun 19, 2023
-
$1,368/mo
Condo
2 Beds
2 Baths
1,060 ft²
$1,344/ft²
$1,425,000 Oct 2, 2023
-
$1,509/mo
Condo
2 Beds
2 Baths
1,073 ft²
$1,342/ft²
$1,440,000 Oct 2, 2023
-
$1,552/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230907 Unit 3B
09/07/2023
3B
2 Bed
2 Bath
843 ft²
$1,182,350
bedrooms
2 Bed
bathrooms
2 Bath
square feet
843 ft²
$1,182,350
01/24/2024
-
Alexander Pereira
Modern Spaces, LLC
20230907 Unit 5A
09/07/2023
5A
1 Bed
1 Bath
538 ft²
$784,450
bedrooms
1 Bed
bathrooms
1 Bath
square feet
538 ft²
$784,450
01/22/2024
-
Alexander Pereira
Modern Spaces, LLC
20230828 Unit 5C
08/28/2023
5C
2 Bed
2 Bath
832 ft²
$1,206,400
bedrooms
2 Bed
bathrooms
2 Bath
square feet
832 ft²
$1,180,000 -2.19%
04/12/2024
-
Alexander Pereira
Modern Spaces, LLC
20230823 Unit 2A
08/23/2023
2A
2 Bed
2 Bath
862 ft²
$1,162,350
bedrooms
2 Bed
bathrooms
2 Bath
square feet
862 ft²
$1,162,350
01/29/2024
-
Alexander Pereira
Modern Spaces, LLC
20230823 Unit 4C
08/23/2023
4C
2 Bed
2 Bath
832 ft²
$1,186,661
bedrooms
2 Bed
bathrooms
2 Bath
square feet
832 ft²
$1,186,661
01/16/2024
-
Alexander Pereira
Modern Spaces, LLC
20230816 Unit 4A
08/16/2023
4A
1 Bed
1 Bath
538 ft²
$759,525
bedrooms
1 Bed
bathrooms
1 Bath
square feet
538 ft²
$759,525
01/29/2024
-
Alexander Pereira
Modern Spaces, LLC
20230812 Unit 4B
08/12/2023
4B
2 Bed
2 Bath
843 ft²
$1,202,350
bedrooms
2 Bed
bathrooms
2 Bath
square feet
843 ft²
$1,202,350
01/24/2024
-
Alexander Pereira
Modern Spaces, LLC
20230811 Unit 4D
08/11/2023
4D
1 Bed
1 Bath
533 ft²
$765,125
bedrooms
1 Bed
bathrooms
1 Bath
square feet
533 ft²
$765,125
01/19/2024
-
Alexander Pereira
Modern Spaces, LLC
20230811 Unit 3A
08/11/2023
3A
1 Bed
1 Bath
538 ft²
$746,200
bedrooms
1 Bed
bathrooms
1 Bath
square feet
538 ft²
$746,200
01/16/2024
-
Alexander Pereira
Modern Spaces, LLC
20230803 Unit 5D
08/03/2023
5D
1 Bed
1 Bath
533 ft²
$772,850
bedrooms
1 Bed
bathrooms
1 Bath
square feet
533 ft²
$772,850
01/22/2024
-
Alexander Pereira
Modern Spaces, LLC
20230803 Unit 5B
08/03/2023
5B
2 Bed
2 Bath
843 ft²
$1,222,350
bedrooms
2 Bed
bathrooms
2 Bath
square feet
843 ft²
$1,222,350
01/19/2024
-
Alexander Pereira
Modern Spaces, LLC
20230803 Unit PH1
08/03/2023
PH1
1 Bed
1 Bath
620 ft²
$927,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
620 ft²
$927,000
02/05/2024
-
Alexander Pereira
Modern Spaces, LLC
20230803 Unit 1B
08/03/2023
1B
2 Bed
3 Bath
1200 ft²
$1,670,200
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1200 ft²
$1,670,200
01/16/2024
-
Alexander Pereira
Modern Spaces, LLC
20230727 Unit PH2
07/27/2023
PH2
2 Bed
2 Bath
961 ft²
$1,447,500
bedrooms
2 Bed
bathrooms
2 Bath
square feet
961 ft²
$1,447,500
01/19/2024
-
Alexander Pereira
Modern Spaces, LLC
20230727 Unit 3C
07/27/2023
3C
2 Bed
2 Bath
832 ft²
$1,166,922
bedrooms
2 Bed
bathrooms
2 Bath
square feet
832 ft²
$1,166,922
01/18/2024
-
Alexander Pereira
Modern Spaces, LLC
20230727 Unit 1A
07/27/2023
1A
2 Bed
3 Bath
1198 ft²
$1,661,800
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1198 ft²
$1,661,800
01/26/2024
-
Alexander Pereira
Modern Spaces, LLC
20230727 Unit 3D
07/27/2023
3D
1 Bed
1 Bath
533 ft²
$757,400
bedrooms
1 Bed
bathrooms
1 Bath
square feet
533 ft²
$757,400
01/16/2024
-
Alexander Pereira
Modern Spaces, LLC

Building Info

50-7 5th Street 50-7 5th Street, Long Island City, NY 11101
More about this Building
50-7 5th Street
Want to find out who owns 50-7 5th Street, Long Island City, NY 11101? Get detailed property transactions here .

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