Updated 4 years ago
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5-39 51st Ave
Long Island City, Queens | 5th Street & Vernon Blvd
1,950 Square FeetMulti-Family
$2,895,000
floors / apts3 / 3
Lot Size20'x100'
Built Size20'39" wide
Building TypeTownhouse
RE Taxes$6,408
Price Per SF
$1,485
This property was sold for $2,750,000 on 11/18/22.
Listing Features
- Central AC
- Central Heat
Outdoor space and views
- Backyard
- Patio
- Skyline Views
- Treeline Views
Building Amenities
- Voice Intercom
Property Description for 5-39 51st Ave
Welcome to Long Island City's 5-39 51st Avenue! A USER-OWNER’s dream property!This beautiful all-brick Multifamily Townhome was completely gut renovated in 2008. FIFTY FIRST AVENUE is one of LIC’s most desirable blocks to live. There are three (3) apartments; the first floor duplex apartment has a unique sweeping layout, 1,429 ft2 of interior living space with three bedrooms and two bathrooms, separate living and dining rooms and 1,211 ft2 private lounge area.
The second and third floor apartments are approximately 722 ft2 each; identical two-bedrooms, one-bathroom, living room and kitchen layout. All apartments have split-unit HVACs, separate washer/ dryer and dishwasher appliances in- unit and are wired for Verizon Fios.
Live in the spacious duplex residence while capturing market rate rental income from both two-bedroom apartments.
-District Special Zoning: M1-4/R6B Develop the 2,050 ft2 of UNUSED property air rights (buildable square footage) increasing building and apartment sizes nearly double the current floor plate.
-Reposition the first floor duplex to a Doctor or Attorney office, and or duplex the third floor apartment, etc.-Please consult your Architect to understand and design what is within reach!
FIFTY FIRST AVENUE is one of LIC's most desirable blocks to live, our neighbors include MOGMOG Japanese Market, HUPO Chinese Cuisine, Cafe 51, PlayDay and Urban Market grocer. It is only a few minutes' walk to the waterfront; LIC Landing, Gantry Plaza State Park, and the NYC Ferry system at Hunters Point South and Anable Basin, walkways, playgrounds, and fishing piers, along with NYC's newest Hunter's Point Library.
5-39 51st Avenue, Queens, NY, 11101
BLOCK: 33 LOT: 9
District M1-4/R6B
Multifamily Co/O Three Apartments:
1-Duplex Apartment Two bathrooms and three bedrooms with complete backyard 1200 ft2 patio space.
2-Two-Bedroom/1-Bathroom
2.00 for residential FAR Lot Size: 20 x 100 Built FAR: 0.98
Building: Frontage: 20 ft Depth: 35 ft
Air-Rights:
4,000 ft2 maximum floor area
Area of Existing Building: 1,950 ft2
**2,050 ft2 UNUSED Development Area
Contact the exclusive broker for additional information.
The second and third floor apartments are approximately 722 ft2 each; identical two-bedrooms, one-bathroom, living room and kitchen layout. All apartments have split-unit HVACs, separate washer/ dryer and dishwasher appliances in- unit and are wired for Verizon Fios.
Live in the spacious duplex residence while capturing market rate rental income from both two-bedroom apartments.
-District Special Zoning: M1-4/R6B Develop the 2,050 ft2 of UNUSED property air rights (buildable square footage) increasing building and apartment sizes nearly double the current floor plate.
-Reposition the first floor duplex to a Doctor or Attorney office, and or duplex the third floor apartment, etc.-Please consult your Architect to understand and design what is within reach!
FIFTY FIRST AVENUE is one of LIC's most desirable blocks to live, our neighbors include MOGMOG Japanese Market, HUPO Chinese Cuisine, Cafe 51, PlayDay and Urban Market grocer. It is only a few minutes' walk to the waterfront; LIC Landing, Gantry Plaza State Park, and the NYC Ferry system at Hunters Point South and Anable Basin, walkways, playgrounds, and fishing piers, along with NYC's newest Hunter's Point Library.
5-39 51st Avenue, Queens, NY, 11101
BLOCK: 33 LOT: 9
District M1-4/R6B
Multifamily Co/O Three Apartments:
1-Duplex Apartment Two bathrooms and three bedrooms with complete backyard 1200 ft2 patio space.
2-Two-Bedroom/1-Bathroom
2.00 for residential FAR Lot Size: 20 x 100 Built FAR: 0.98
Building: Frontage: 20 ft Depth: 35 ft
Air-Rights:
4,000 ft2 maximum floor area
Area of Existing Building: 1,950 ft2
**2,050 ft2 UNUSED Development Area
Contact the exclusive broker for additional information.
Building Details for 5-39 51st Ave
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts3/3
Transit and Citi Bike
Subway
Vernon Blvd-Jackson Av
0.08 miles
21 St
0.3 miles
Hunters Point Av
0.32 miles
Railroad
Long Island CityLong Island Rail Road
0.15 miles
Hunterspoint AvenueLong Island Rail Road
0.43 miles
Citi Bike
Vernon Blvd & 50 Ave
0.05 miles
5 St & 51 Ave
0.08 miles
Ferry
Hunters Point South
0.33 miles
Long Island City
0.44 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: 86798TH
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