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5-09 48th Ave #7F, Long Island City, NY, 11101

3beds
2baths
1,587sqft
$2,650,000
$1,670price/sqft
$16,267/moest. monthly cost
$650,680/yrincome needed

About This Home

Welcome to 5SL #7F Bathed in natural light from dawn until dusk, this sophisticated double-exposure residence offers a rare combination of refined interiors and a private outdoor sanctuary. The home’s layout maximizes its eastern and western exposures, ensuring the two additional bedrooms are flooded with morning light while the main living areas remain bright and airy all day long. The chef’s kitchen is outfitted for the serious cook, featuring a brand-new Summit refrigerator, a Bosch range, dishwasher, and microwave, complemented by dark wood cabinetry and a garbage disposal. Cleverly integrated, hidden storage in the living room maintains a sleek aesthetic, while a full-sized LG washer and dryer, designer lighting sconces, and custom shelving throughout ensure every modern convenience is met. The standout feature of this home is the massive 1,074-square-foot private terrace, providing a level of outdoor space that is truly a rarity in Long Island City. Accessible directly from the primary suite and living space, this expansive retreat comes complete with its own BBQ grill, offering a perfect setting for large-scale entertaining, alfresco dining, or peaceful relaxation under the sun. It transforms the apartment into a true indoor-outdoor haven, effectively doubling your usable living space. The primary suite itself comfortably accommodates a king-sized bed and is further enhanced by a massive walk-in closet and a second custom-built closet, both featuring premium Elfa shelving. The renovated ensuite bathroom feels like a personal spa, boasting a limestone double vanity and a custom-tiled steam shower with a built-in bench. Positioned in the highly sought-after 5SL building, residents enjoy the luxury of a 24-hour doorman and a prime location that is truly unbeatable. You are just one block from the East River and the sprawling waterfront park, offering immediate access to playgrounds, green spaces, and two ferry stops for quick commutes to Brooklyn and Manhattan. For subway access, the 7 train is only two blocks away, placing you just one stop from Grand Central and the heart of Midtown. Reach out today to experience this light-filled gem in person!

Getting Around

95
WalkingWalker's Paradise
0
TransitVery Limited Transit
82
BikeVery Bikeable

Schools

8/10
P.S. 78Grades PK-80.1 mi
3/10
8/10
Is 204 Oliver W HolmesGrades 6-81.5 mi

Construction

Condition

  • Year built: 2008

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 1,587
  • Total interior livable area: 1,587 sqft

Property

Details

  • Parcel number: 000301102
  • Special condition: Resale

Features

  • Patio & porch: Terrace
  • Exterior features: Terrace
  • Has view: Yes
  • View description: City,Skyline

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Tsunami

FEMA Declared Disasters in Queens County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $13,399$160,788
Home Insurance *$950$11,400
Property Taxes $1,656$19,872
Electricity $262$3,147
Total$16,267$195,204
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$557,725/yr
40% on housing$488,010/yr
45% on housing$433,786/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.5%
2.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,670This listing

vs Other Active Listings

Avg $/sqft

ZIP 11101$970
Queens County$533

vs Homes Sold Last Month

Median $/sqft

ZIP 11101$1,219
Queens County$600

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Price change$2,650,000
2026-04-30Listed for sale$2,750,000
2019-07-26Sold$2,360,000
2019-05-07Pending sale$2,400,000
2019-03-22Listed for sale$2,400,000
2009-10-01Sold$999,921
2009-04-19Price change$1,235,990
2009-04-09Listed for sale$1,395,990

For Sale by Agent

AgentSerene Powers
BrokerageSerene Powers Real Estate LLC

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