$2,152,000 $2,220,000
Updated 4 years ago
Off Market

The Monarch

47-05 5th Street, 201

Long Island City, Queens | 48th Ave & 47th Road

5 Rooms3 Beds2 Baths1,791 Square FeetCondo

$2,152,000 $2,220,000
Common Charges$1,582
RE Taxes$196
Price Per SF
$1,202

Listing Features

  • Abundant Closets
  • Dressing Area
  • Duplex
  • Galley Kitchen
  • High Ceilings [10']
  • Home Office
  • Live/Work
  • Open Space
  • Potential Combo
  • Refinished Floors
  • Security System
  • Separate Dining Area
  • Spiral Staircase
  • Walk-in Closet
  • Washer / Dryer
  • Dishwasher
  • Open Kitchen
  • En Suite Bathroom
  • Heated Floors
  • Oversized Bathroom
  • Oversized Tub
  • Soaking Tub

Outdoor space and views

  • West Exposure

Building Amenities

  • Virtual Doorman
  • Bike Storage
  • Elevator
  • Fitness Facility
  • Garage
  • Grilling Stations
  • Resident Lounge
  • Roof Deck

Policies

  • No Pets
  • Pieds A Terre Ok

Property Description for 47-05 5th Street, 201

Price adjusted to make a deal --Move-In-Ready!! The Monarch, aka 47-05 5th Street in Long Island City, Residence #201! Bring your clients to see for themselves, Convertible 4 bedroom or home office), two-full bath duplex condo with a huge 1791 square feet, perfect for self-employed family set-up. Ownership immediately benefits from only a few remaining 421a tax abatements west of Jackson avenue. Enjoy Low-Low property taxes of $196.00 per month and common charges of $1,582.00 This six-story boutique building, with 21 unique apartments( 4 units per floor), is situated in the prime waterfront district of Hunter’s Point South.

Enjoy the immense comfort, privacy, and convenience inside this distinctive layout. A mindfully designed home offers an abundance of light, space, and separation while providing a perfect balance of relaxation and harmony. The apartment was beautifully crafted with brand-new flooring, Bosch kitchen appliances, a large capacity Samsung series washer/dryer, and abundant closet space on both levels. Each bathroom is enhanced with deep soaking tubs, rain showers, porcelain tiling, and temperature-controlled (heated) flooring. The primary bedroom, with an en suite full bathroom, exhibits 10-foot ceiling heights, including two massive walk-in-closets, space for massive sleeping quarters. Ask about a potential built-to-suite home office set up and or gallery.

You will appreciate the tasteful finishes at every turn of the property. Discover the rich-modern decor upon entering the lobby, complemented by a virtual intercom system and security cameras throughout the property. The Monarch’s amenities, positioned just a few steps away from the apartment, include a fully-equipped fitness room, an indoor-outdoor residents’ lounge, and a designated bicycle and private storage room. There are convenient parking options available in the area.

One block to the East River Ferry, Gantry State Park, and under ten minutes to the G, 7, E, or M train lines. MOGMOG (Japanese market) is a local favorite along with Trader Joe’s, and Michelin-rated restaurants, Food Cellar & Co., Cannelle’s Bakery, MoMA PS1, Duane Reade, Hupo, Mango-Mango, and award-winning microbreweries are all within minutes of the property. “Hunan Slurp” and “Kanoyamo Vert Frais” are on their way!

Shown by appointment only. Call the listing agent today to see this property in person! Some images have been “Virtually Staged.”

Property Highlights:

1791 Square Feet Duplex Condo 7 Minutes to Manhattan

Radiant flooring in both bathrooms (thermostat controlled)

Three massive walk-in closets

Garage with bike storage and personal storage.

The private gym is fully equipped

Large Outdoor Lounge with Deck, Grills, etc.

Virtual doorman( video intercom): security cameras throughout

Video Walkthrough


Listing History for 47-05 5th Street, 201

Now
12/26/2022
$2,152,000 [-$68,000] [3.1%]
Price Drop by Eric Mills
R New York
11/30/2022
$2,220,000 [-$165,000] [6.9%]
Price Drop by Eric Mills
R New York

Building Details for 47-05 5th Street

OwnershipCondo
Building TypeLow-Rise
Service LevelVirtual Doorman
AgePost-War
AccessElevator
Year Built2016
Financing Allowed90%
Floors/Apts6/21
Learn More About the Building

Transit and Citi Bike

Subway

Vernon Blvd-Jackson Av
0.23 miles
21 St
0.31 miles
Hunters Point Av
0.41 miles

Railroad

Long Island CityLong Island Rail Road
0.32 miles
Hunterspoint AvenueLong Island Rail Road
0.5 miles

Citi Bike

48 Ave & 5 St
0.09 miles
Vernon Blvd & 47 Rd
0.11 miles

Ferry

Long Island City
0.23 miles
Hunters Point South
0.41 miles

Contact Agent

Contact Agent

Eric Mills
R New York

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: 1999856