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Sold
  • $930,000

    509 48th Ave APT 5E, Long Island City, NY 11101

    1beds
    706sqft
    Condominium
    Built in 2008
    -- sqft lot
    $946,500 Zestimate®
    $1,317/sqft
    $4,316 Estimated rent

    Home value

    $946,500

    $890,000 - $1.00M

    $4,316/mo

    Zestimate® history
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    What's special

    This pristine 1-Bedroom, 1-Bath home is a brand-new listing, fresh to the market, with oversized wall-to-wall windows offering southern exposure and the best light of both morning and evening. This home features an outstretched living area, high quality finishes, light oak wide paneled hardwood floors, a Bosch washer & dryer, and an open kitchen to entertain. The large, paneled windows provide an openness with a slight industrial feel, while the designer colors tie the space together. A gourmet kitchen is equipped with quality Bosch stainless steel appliances, an in-sink garbage disposal, Caesarstone counter tops with under-mount sinks and lighting, glass tile back splashes, dark wood All Milmo cabinetry, and Liebherr refrigerators. A breakfast eating bar and island separate the kitchen from the living space. The bathroom features a large slab porcelain tile floor, Kohler fixtures, an over-sized shower, and a limestone countertop sink vanity. The luxury development of 5th Street Lofts – which is also known simply as “5SL” – has a striking exterior appearance and was built by Toll Brothers City Living in 2007. 5SL is an 8-story, 121-unit energy-efficient building made of sustainable materials that will not require much upkeep and will stand for a long time. Residents are provided with an amenity package consisting of 24hr concierge, high-end fitness center, landscaped common roof terrace & common gardens, children’s playroom, cold storage for groceries, bicycle storage, private storage, live-in super, and on-site covered parking. Located in the prime waterfront neighborhood Hunters Point of Long Island City (LIC). Only 1 subway stop away from Grand Central in Manhattan. LIC is known for its museums, galleries, restaurants, and most notably beautiful waterfront parks with panoramic views of the Manhattan skyline. Everything you need is within walking distance, the waterfront promenade and Gantry Plaza State Park, children’s parks, dog runs, basketball courts, Queens West sports field, Trader Joes, Food Cellar Market, Duane Reade, Dunkin Donuts, restaurants, cafes, retail, and much more. **Temporary capital assessment of $308.12/month for 24 months to fund the work for Local Law 11, a NYC law that requires all buildings over 6 stories to have their façade inspected by an engineer every 5 years.

    Zillow last checked:

    Listing updated:

    Listed by:

    Douglas Elliman,

    Christopher Whelan

    Source: StreetEasy,MLS#: S1656624

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Rooms
    • Room types: Bike Room, Childrens Playroom, Package Room
    Appliances
    • Included: Dishwasher, Washer/Dryer
    • Laundry: Inside
    Features
    • Flooring: Hardwood
    Interior area
    • Total structure area: 706
    • Total interior livable area: 706 sqft

    Property

    Parking
    • Parking features: Garage
    • Has garage: Yes
    Accessibility
    • Accessibility features: Wheelchair Access
    Features
    • Patio & porch: Other
    • Exterior features: Courtyard
    • Has view: Yes
    • View description: City, Park/Greenbelt
    Details
    • Parcel number: 000301069
    • Special conditions: Resale

    Construction

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

    Community & HOA

    Community
    • Features: Doorman, Full Time Doorman
    • Security: Doorman, Full-Time Doorman
    • Subdivision: Hunters Point
    HOA
    • Has HOA: Yes
    • Amenities included: Laundry, Fitness Center, Elevator(s), Concierge
    • Services included: Maintenance
    • HOA fee: $732 monthly
    Location
    • Region: Long Island City

    Financial & listing details

    • Price per square foot: $1,317/sqft
    • Tax assessed value: $117,505
    • Annual tax amount: $3,312
    • Date on market: 4/12/2023

    Price history

    DateEventPrice
    8/29/2023Sold$930,000-0.5%$1,317/sqft
    Source: Public Record Report a problem
    4/28/2023Pending sale$935,000$1,324/sqft
    Source: StreetEasy #22409034 Report a problem
    4/13/2023Listed for sale$935,000+37.7%$1,324/sqft
    Source: StreetEasy #22409034 Report a problem
    4/24/2021Listing removed--
    Source: StreetEasy Report a problem
    3/27/2021Listed for rent$3,000-3.2%$4/sqft
    Source: StreetEasy Report a problem
    3/18/2021Listing removed--
    Source: StreetEasy Report a problem
    3/4/2021Listed for rent$3,100+6.9%$4/sqft
    Source: StreetEasy Report a problem
    3/1/2017Listing removed$2,900$4/sqft
    Source: Modern Spaces Report a problem
    1/30/2017Listed for rent$2,900$4/sqft
    Source: Modern Spaces Report a problem
    2/20/2014Sold$679,000$962/sqft
    Source: Public Record Report a problem
    11/1/2013Sold$679,000-0.6%$962/sqft
    Source: Agent Provided Report a problem
    7/31/2008Sold$683,236$968/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $52,877 +3.8%
    2024-- $50,930 +6.4%
    2023-- $47,851 +14.5%
    2022-- $41,808 +8.9%
    2021-- $38,383 -12.5%
    2020$1,498 +146.5%$43,886 +1.7%
    2019$608 -86.2%$43,155 +23.7%
    2018$4,399 +7.6%$34,879 +8.6%
    2017$4,087 +550.5%$32,130 +3.1%
    2016$628 $31,154 -2.6%
    2015$628 +28%$31,980 -3.4%
    2014$491 $33,116 -8.5%
    2013-- $36,174 -12.9%
    2012-- $41,540 +9.1%
    2011-- $38,059 +6.8%
    2010-- $35,629 -19%
    2009-- $43,997
    Find assessor info on the county website

    Neighborhood: Long Island City

    Nearby schools

    GreatSchools rating