Updated 6 years ago
Sold
Loft 4 Rooms2 Beds2 Baths1,087 Square FeetCondo
$1,070,000
Common Charges$975
RE Taxes$78
Price Per SF
$984
This property was sold for $1,070,000 on 02/14/20.
Listing Features
- Abundant Closets
- Hardwood Floors
- Open Space
- Walk-in Closet
- Washer / Dryer
- New Windows
- Oversized Windows
- Dishwasher
- Gourmet Kitchen
- Microwave
- S Steel Appliances
- Trash Compactor
- Double Vanity
- En Suite Bathroom
- Stall Shower
Outdoor space and views
- North Exposure
Building Amenities
- Concierge
- Bike Storage
- Cold Storage
- Courtyard
- Elevator
- Fitness Facility
- Garage
- Garden
- Laundry Room
- Playroom
- Roof Deck
- Storage
Policies
- Pets Allowed
- Pieds A Terre Ok
Property Description for 5-09 48th Ave, 3-P
Owner says SELL!!! BEST 2BR DEAL IN HEART OF LONG ISLAND CITY!! RE-SALES ARE WHERE THE VALUE IS AT! Spacious and light two-bedroom, two full bathroom apartment is available at Fifth Street Lofts, one of Long Island City's premiere and best-located condominiums! This nearly 1100 sq.ft. apartment boasts a fantastic layout and no wasted space. The unit comes with high-quality finishes, including a state-of-the-art gourmet kitchen with Caesar stone countertops, glass tile backsplash, Liebherr refrigerator, Bosch ranges, dishwasher, microwave, dark wood cabinetry, garbage disposal, and Kohler fixtures. The master bedroom is large enough for a king-size bed and includes a walk-in closet, as well as an en-suite master bathroom with Limestone double sink vanity and over-sized shower. Bosch washer/dryer included. Excellent closet storage throughout. 5SL is one of the best-located condo buildings in all of Long Island City, being just a block from the East River and the magical waterfront park, where there are playgrounds, green open spaces, the new Hunters Point library, and two ferry stops that take passengers from Queens to Brooklyn and Manhattan. It is also just two blocks from the 7 train, which is one subway stop to Grand Central and Midtown Manhattan. 5SL features a 24-hour concierge, fitness center, playroom, rooftop terrace, and common courtyard. A 15-year 421-a tax abatement is in place at 5SL until June 30th, 2024. THIS TAX EXEMPTION EQUATES TO APPROXIMATELY $20,000 IN TAX SAVINGS! If you're looking for real significant savings in your pocket, a re-sale unit (vs. a new development) is where the value is at! You'll get more square footage for your money. Also, in a re-sale transaction, the SELLER pays the NYC and State transfer taxes, equaling 1.825% of the purchase price (for this unit, that is over $21,000 in savings to the buyer)! In a new development, the buyer pays that tax, meaning that nearly 2% of your closing costs are gone when you choose a re-sale unit. Please reach out to schedule a viewing today!
Listing History for 5-09 48th Ave, 3-P
Now
02/14/2020
$1,070,000
Sold and Closed by Jonna Stark
Brown Harris Stevens Residential Sales LLC
2020
Building Details for 5-09 48th Ave
OwnershipCondo
Building TypeLoft
Service LevelConcierge
AgePost-War
AccessElevator
Year Built2008
Financing Allowed90%
Floors/Apts8/120
Transit and Citi Bike
Subway
Vernon Blvd-Jackson Av
0.17 miles
21 St
0.31 miles
Hunters Point Av
0.38 miles
Railroad
Long Island CityLong Island Rail Road
0.25 miles
Hunterspoint AvenueLong Island Rail Road
0.48 miles
Citi Bike
48 Ave & 5 St
0.03 miles
Center Blvd & 48 Ave
0.11 miles
Ferry
Long Island City
0.29 miles
Hunters Point South
0.36 miles
Long Island City | Queens
Quick Profile
Long Island City, the name does sound a little far away, like it requires a lengthy drive to get to. Think, again. Long Island City, also known as LIC, is nestled in the western corner of Queens along the East River. Midtown Manhattan is closer to Long Island City than it is to downtown Manhattan.
LIC is bordered by Sunnyside to the east, the East River to the west, Astoria to the north, and Newton Creek which separates Queens from Greenpoint Brooklyn to the south.
A once-shabby manufacturing epicenter, the neighborhood is a mix of industrial, commercial and residential. In recent years it’s seen a rise in some seriously cool factors. Populated by young professionals, multi-ethnic immigrants, and hipsters, LIC has a happening nightlife scene, fantastic restaurants (some of them Michelin starred), art museums and galleries. Much of the waterfront access has been redeveloped into sustainable public green spaces with modern design.
Although much of the industrial / manufacturing companies have since left LIC, many still reside there. They tend to co-exist with new residential building development the same way they do in other neighborhoods like Williamsburg and Greenpoint.
Office building developers and business tenants play a vital role in LIC too. It’s considered New York City’s fourth central business district next to Midtown, downtown Manhattan and downtown Brooklyn.
As you traverse the streets of LIC, you’ll notice the change from block to block. Industrial warehouses on one block, a bustling Main Street, followed by a park block with sleek luxury high-rise buildings. It’s all part of the LIC vibe.
For a small neighborhood, the transportation links are excellent. For starters, you just can’t beat living one subway stop from Manhattan (7 train). Other train lines include E, M, R, N, Q, and the G lines. There are also less conventional methods of transportation like the NYC Ferry, which offers three ferry landings. There is no shortage of CitiBike’s in LIC either. Many folks commute to work by way of cycling over the Queensboro Bridge.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1355605
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