$960,000
Updated 3 years ago
Off Market

5SL

5-09 48th Ave, 5-F

Long Island City, Queens | Vernon Blvd & 5th Street

Loft 3 Rooms1 Bed1 Bath728 Square FeetCondo

$960,000
Common Charges$756
RE Taxes$373
Price Per SF
$1,319

Listing Features

  • Entry Foyer
  • High Ceilings [9']
  • Separate Dining Area
  • Washer / Dryer
  • New Windows
  • Oversized Windows
  • Wall of Windows
  • Center Island
  • Dishwasher
  • Microwave
  • Open Kitchen
  • Trash Compactor
  • Double Vanity

Outdoor space and views

  • City Views
  • South Exposure
  • West 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, 5-F

GREAT INVESTMENT WITH TENANT IN PLACE UNTIL 8/31/2024
Sunny and spacious south-facing one bedroom unit in the full-service condominium 5SL (Fifth Street Lofts), ideally located in prime Long Island City, only one subway stop to Grand Central Station and near the LIC waterfront and NYC Ferry service to Manhattan and Brooklyn. This residence features soundproofed oversized windows, maple hardwood floors, ample closet space and high ceilings.

The generous living-dining room is brightened by a wall of windows. Adjoining is a fully-equipped open kitchen with an island/breakfast counter, and appointed with Caesar stone countertops, sleek cabinetry and premium appliances including a new Summit fridge, Bosch gas range and dishwasher, microwave and garbage disposal.

The bedroom can easily accommodate a king-size bed, side tables and a dresser and features a large closet. Unwind in the spa-like bathroom with limestone vanity and deep bathtub. Enjoy the convenience of an in-unit washer and dryer.

A DEEDED PARKING SPACE IN THE BUILDING IS ALSO AVAILABLE FOR PURCHASE.
The parking space is equipped with its own EV car charger.

5SL (Fifth Street Lofts) is a full-service boutique condominium built in 2008. The building's many amenities include 24-hour concierge service, live-in resident manager, fitness center, playroom, roof deck, garden courtyard, bicycle room, cold storage, and on-site indoor parking.

Enjoy Gantry State Park, the LIC Waterfront, Hunter's Point South Park, Hunters Point Library, dog runs, restaurants, MoMA PS1. Markets including Trader Joe's are minutes away, and the #7 train is just one stop to Midtown Manhattan. Ferry service to East 34th St., Greenpoint, Williamsburg, Dumbo, Pier 11/Wall Street.

Monthly assessment $317.75 until March 2024 to fund the work for Local Law 11, a NYC law that requires all buildings over 6 stories to have their fa ade inspected every 5 years.
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Listing History for 5-09 48th Ave, 5-F

Now
12/05/2023
TOM by Hanifa Scully
Corcoran
07/18/2023
$960,000
Initial Price by Hanifa Scully
Corcoran

Building Details for 5-09 48th Ave

OwnershipCondo
Building TypeLoft
Service LevelConcierge
AgePost-War
AccessElevator
Year Built2008
Financing Allowed90%
Floors/Apts8/102
Learn More About the Building

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

Contact Agents

Contact Agents

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: 420279