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Off market
  • $1,116,100

    5-03 50th Ave #2A, Long Island City, NY 11101

    1beds
    933sqft
    Condo
    Built in 2006
    -- sqft lot
    $1,116,100 Zestimate®
    $1,196/sqft
    $4,954 Estimated rent

    Home value

    $1,116,100

    $1.02M - $1.22M

    $4,954/mo

    Zestimate® history
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    $4,954/mo

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    Rent Zestimate®

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    $7,163/mo

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    $7,163/mo

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    What's special

    This rare opportunity to buy in The Galaxy is "out of this world." The massive 933 sq. ft. 1-bedroom is easily convertible into a spacious 2-bedroom unit (see floor plans for suggested options). It's insanely low common charges and 421-A tax abatement make this a great deal for anyone concerned about carrying costs. ***SELLER IS COVERING THE MANSION TAX*** The unit also comes with the option for a parking space. If you'd like, you can rent the space for an additional $250 a month, but renting the parking space is NOT a condition of the sale, it is simply an added bonus if you are interested. The parking garage is attached to the building and can be easily accessed without having to exit the building. The southwest exposures and 7 oversized windows provide ample natural light throughout the apartment. Even gray days are met with more than enough light to enjoy the apartment without ever needing to flip a switch. The 11 ft. ceilings create a sense of loft-style living. The generous floorplan provides sufficient space to be extremely creative with the layout of the unit. In addition to the substantial living space, the apartment also features an extremely large bedroom that could easily be divided into 2 separate bedrooms or a 1-bedroom + home office, or even a 1 bedroom + dream closet! Not only that, but the living space is large enough to have an additional bedroom placed in there if you wanted to place your 2nd bedroom there or if you needed to design a 2-bed + home office. Needless to say, there is more than enough opportunity with this unit to really make the spaceyour own. It's definitely move-in ready as an oversized 1-bedroom, great for entertaining, or it could easily be converted into multiple layout options to meet your specific needs with minimal work required. The building is located less than a block away from the 7 train and 2 blocks from the waterfront parks and ferry terminal. The location places you right next to all the best parts the Hunters Point section of Long Island City has to offer and makes commuting into and out of the city a breeze. Comparatively speaking to other condos in the area, The Galaxy condo is a very low-impact building, having only 10 additional units.Enjoy BBQing with magnificent 360-degree views of Manhattan, Queens & Brooklyn on the beautifully appointed roof deck of this 6 story boutique building. Invite your friends over to catch the perfect view of the fireworks on the East River every 4th of July. Don't miss this rare opportunity to own in a building with limited inventory and the most convenient location in Long Island City. ***There is currently an additional $51.13 monthly fee going to the RESERVE FUND that is not included in the common charges....this is due to expire in the next couple of months (according to management)

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Appliances
    • Included: Dishwasher, Dryer, Washer
    Interior area
    • Total interior livable area: 933 sqft

    Property

    Details
    • Parcel number: 000321001

    Construction

    Type & style
    • Home type: Condo
    Condition
    • Year built: 2006

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $403 monthly
    Location
    • Region: Long Island City

    Financial & listing details

    • Price per square foot: $1,196/sqft
    • Tax assessed value: $193,110

    Price history

    DateEventPrice
    11/26/2018Sold$1,075,000$1,152/sqft
    Source: Public Record Report a problem
    10/27/2018Pending sale$1,075,000$1,152/sqft
    Source: Modern Spaces #168391 Report a problem
    9/6/2018Listed for sale$1,075,000+52.6%$1,152/sqft
    Source: Modern Spaces #168391 Report a problem
    4/26/2007Sold$704,629$755/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $86,900 +3.8%
    2024-- $83,694 +1.9%
    2023-- $82,116 0%
    2022-- $82,137 +0.1%
    2021-- $82,049 -12.4%
    2020$4,341 +94.2%$93,679 +3.8%
    2019$2,235 -73.7%$90,289 +34.1%
    2018$8,490 +8.7%$67,314 +9.6%
    2017$7,813 +1407.6%$61,428 +4%
    2016$518 $59,058 +1.8%
    2015$518 +28%$58,037 -0.6%
    2014$405 $58,379 +0.1%
    2013-- $58,322 +1.7%
    2012-- $57,366 -13.5%
    2011-- $66,329 +14.1%
    2010-- $58,147 +10.6%
    2009-- $52,596
    Find assessor info on the county website

    Neighborhood: Long Island City

    Nearby schools

    GreatSchools rating