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Off market
  • $1,102,500

    50-09 2nd St #423, Long Island City, NY 11101

    1beds
    888sqft
    Condo
    Built in 2008
    -- sqft lot
    $1,102,500 Zestimate®
    $1,242/sqft
    $4,720 Estimated rent

    Home value

    $1,102,500

    $1.01M - $1.20M

    $4,720/mo

    Zestimate® history
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    $4,720/mo

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    $7,427/mo

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    $7,427/mo

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    What's special

    ** OPEN HOUSE SUNDAY - OCT. 4TH, 12PM-2:30PM** One of the largest 1-bedroom lofts/ Convertible 2-bedroom @ The Powerhouse, formerly the Pennsylvania Railroad Power Station, a turn-of-the-century power plant building painstakingly converted into true luxury residences by acclaimed architect Karl Fischer and internationally renowned designer Andres Escobar. Situated in the heart of Long Island City, on the picturesque East River Coast and mere steps to Gantry Plaza State Park, this impressive transformation blends raw industrial chic, contemporary styling, and extraordinary amenities with harmonious living. The result is an unparalleled lifestyle opportunity. One of only two condo developments in all of LIC sitting right at the waterfront. THE POWERHOUSE offers a new, heightened level of luxury within one of the City's most vibrant hotspots. This oversized 888 sq/f one-bedroom/convertible two-bedroom home with one-and-a-half bath loft inspired residence is alluringly beautiful, and comes in an immaculate showroom condition. Intelligent and fluid layout is sprawling, with high ceilings and ample oversized windows. American walnut floors throughout the living space radiate a rich luster. Large walk-in closet with custom shelving in the bedroom, wide open living space with abundant room for dining. Spacious white lacquer cabinetry, glass back splash, Viking appliances and quartzite counter tops in the kitchen. The bldg. lobby is a stunning fusion of polished concrete floors with white-glass panel, natural wood and brick walls. The amenities are exceptional. Included in your monthly fees is a Staffed Gym with a Sauna, Steam Room and a Jacuzzi to enjoy after a hard day's work. Showers & lockers as well. 24-hour Doorman/Concierge; Live-in Superintendent; Fitness Center; Aqua Grotto Full-Service Spa: Whirlpool with exotic waterfall; Common Roof Terrace; Bicycle Storage: Free WiFi; Common Lounge with Pool Table & Wet Bar; Media Room; Business Center; Children's Playroom; Cold Storage; and On-Site Parking & Storage Space Available. Location does not get any better. You're living directly above Gantry Plaza State Park. Serene, spectacular 20 Acre Park. Grab the 7 Train, 2 blocks East and zoom to Midtown/Grand Central in 5 min. flat. G gets you to Greenpoint, Williamsburg & rest of prime Bklyn. E/M trains are nearby. East River Ferry takes you to 34th St, BK & Wall St. and is literally across the street docking at the Gantry Park, a 2 min walk from your door. THE POWERHOUSE also boasts spellbinding skyline views and is surrounded by an inviting array of restaurants, shops, art galleries and recreational facilities. Compromise on nothing! Welcome to this original and true Long Island City condo gem THE POWERHOUSE.

    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: 1.5
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Cooling
    • Central
    Appliances
    • Included: Dishwasher
    Features
    • Flooring: Hardwood
    • Has fireplace: No
    Interior area
    • Total interior livable area: 888 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • On waterfront: Yes
    Lot
    • Size: 0.64 Acres
    Details
    • Parcel number: 000161007

    Construction

    Type & style
    • Home type: Condo
    Condition
    • Year built: 2008

    Community & HOA

    Community
    • Features: Doorman, Fitness Center
    HOA
    • Has HOA: Yes
    • HOA fee: $656 monthly
    Location
    • Region: Long Island City

    Financial & listing details

    • Price per square foot: $1,242/sqft
    • Tax assessed value: $79,765

    Price history

    DateEventPrice
    2/3/2016Sold$920,000-2.6%$1,036/sqft
    Source: Agent Provided Report a problem
    8/20/2015Listed for sale$945,000+29.5%$1,064/sqft
    Source: Charles Rutenberg #472170 Report a problem
    10/7/2013Sold$730,000-2.7%$822/sqft
    Source: Agent Provided Report a problem
    5/22/2013Listed for sale$750,000$845/sqft
    Source: Modern Spaces #257737 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $35,894 +3.8%
    2024-- $34,573 +3.4%
    2023-- $33,436 +0.7%
    2022-- $33,190 +8.1%
    2021-- $30,709 -5.2%
    2020$989 +226.3%$32,402 +3.4%
    2019$303 -90.4%$31,351 +24.7%
    2018$3,171 +10.1%$25,140 +11.1%
    2017$2,879 +818.7%$22,634 +9.7%
    2016$313 $20,641 +2.8%
    2015$313 +27.9%$20,075 -5.9%
    2014$245 $21,333 -6.8%
    2013-- $22,895 -11.4%
    2012-- $25,849 +12.1%
    2011-- $23,052 -17.6%
    2010-- $27,970 -2.5%
    2009-- $28,674
    Find assessor info on the county website

    Neighborhood: Long Island City

    Nearby schools

    GreatSchools rating