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The Gantry
48-21 5th Street, 2-G
Long Island City, Queens | 48th Ave & Hunters Point Ave
Loft 3 Rooms1 Bed1 Bath785 Square FeetCondo
$949,000
$949,000
Updated 6 years ago
Sold

The Gantry

48-21 5th Street, 2-G

Long Island City, Queens | 48th Ave & Hunters Point Ave

Loft 3 Rooms1 Bed1 Bath785 Square FeetCondo

$949,000
Common Charges$893
RE Taxes$275
Price Per SF
$1,209

This property was sold for $940,000 on 09/25/20.

Listing Features

  • High Ceilings [9']
  • Washer / Dryer
  • Oversized Windows
  • Center Island
  • Dishwasher
  • Microwave
  • Open Kitchen
  • S Steel Appliances

Outdoor space and views

  • Terrace [575 SF]
  • Partial City
  • North Exposure
  • West Exposure

Building Amenities

  • Part-Time Doorman
  • Cabanas
  • Elevator
  • Fitness Facility
  • Outdoor Parking
  • Resident Lounge
  • Roof Deck
  • Storage

Property Description for 48-21 5th Street, 2-G

This is the home you've been waiting for; a meticulously cared for luxury one bedroom with a huge 575 sf private planted terrace for that magical combination of city / country living. Imagine working from home and easily rotating from pastoral relaxing nature to hip modern interiors. This originally owned owner-occupied unit is on the market for the first time in 13 years and offers a total of over 1,300 sq ft of indoor and outdoor living. The north side of The Gantry has open views of Long Island City and the river skyline and enjoys consistent light season round. This home features an open kitchen with island, stainless steel appliances, upgraded master bath, hardwood floors, washer/dryer, and 9'+ ceilings. The Gantry is Long Island City's premiere boutique condominium in prime Hunter's Point location. The building features part-time doorman, full-time live-in Superintendent, new lobby and gym, common roof deck with gas grill, residents' lounge, onsite parking and a desirable 15 year 421-A tax abatement. With 90% owner occupancy and record of strong financials, The Gantry is an address that both you and your lender will love. This will not last!

Building Details for 48-21 5th Street

OwnershipCondo
Building TypeLoft
Service LevelPart-Time Doorman
AgePost-War
AccessElevator
Year Built2006
Financing Allowed90%
Floors/Apts6/47
Learn More About the Building

Transit and Citi Bike

Subway

Vernon Blvd-Jackson Av
0.16 miles
21 St
0.33 miles
Hunters Point Av
0.39 miles

Railroad

Long Island CityLong Island Rail Road
0.2 miles
Hunterspoint AvenueLong Island Rail Road
0.49 miles

Citi Bike

48 Ave & 5 St
0.03 miles
Center Blvd & 48 Ave
0.11 miles

Ferry

Hunters Point South
0.32 miles
Long Island City
0.32 miles

Contact Agents

Contact Agents

Rick Kelly
Corcoran
AnneMarie Tamis-Nasello
Corcoran

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.

More

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The MEDIAN

Manhattan | January 2022

According to New York City records, the median price for an apartment in Manhattan in the month of January was $1,200,000. The price represents an increase of 11.3% from last year’s median price of $1,077,500. The number of sales increased from 801 to 1,056 representing a year-over-year increase of 31.8%. What exactly does $1.2 millio...

posted on February 17, 2022
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: 1887072
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