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The Foundry at Hunters Point

The Foundry at Hunters Point

The Foundry at Hunters Point
Condominium Building Complex
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

2-40 51st Ave,
Long Island City, NY 11101-5964
99 Units
4 Stories
2008 Year Built
$718K - $1.9M Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Doorman
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • Fitness Center
  • Elevator
  • Controlled Access
  • 3 min walk to Gantry Plaza State Park

A boutique-sized building with diverse layouts as an alternative to waterfront glass towers

For those who want to live the condo life in Long Island City for under $1 million, The Foundry at Hunter’s Point is a great way to enter the buzzy neighborhood. Despite its boutique four stories, the building provides spacious layouts that rival pricier waterfront towers. While its location in a neighborhood with numerous parks lining the water’s edge gives residents easy access to nature, the building still offers a sprawling outdoor communal space in addition to private terraces attached to most of its 57 units. Designed by Leonard Fusco in 2008, the building’s facade is composed of panels of operable floor-to-ceiling windows surrounded by alternating red and beige brick. The northeast corner plays with visual contrast as bays of beige brick on the upper floors juxtapose a red brick band below. For a relatively small building, floor plans here are diverse, with single-level apartments, one- and two-bedroom duplexes, and first-floor townhouse-style homes on offer. With additional consideration for its comparatively low common charges, The Foundry offers compelling value that’s hard to overlook.

Soaring ceilings, contemporary interiors and units with up to two terraces

Double-height ceilings greet residents as they walk up a few steps to a tiled lobby furnished with purple couches. In addition to walls of glass, common features found throughout apartments include open-concept living areas with walk-in closets, wood-plank flooring and kitchens equipped with modern stainless-steel appliances and granite topped eat-in islands. On the building’s ground floor are townhouses with private street entrances and 20-foot ceilings; most of these are duplexes. There are more high-ceilinged duplexes on the third floor, though ceilings there do not climb to 20 feet. Duplex kitchens feature a washer-dryer setup hidden behind wood-paneled cabinetry and waterfall islands that are much larger than those in other units. Typically, second-floor landings are large enough to be used as office or storage space. Bathrooms are usually found on the second floor, along with bedrooms that lead to private outdoor spaces. Some of the building’s top floor apartments have two private outdoor spaces.

One-bedrooms start at $768,000

There are no studios in the building and almost an even number of one- and two-bedroom units. Very few three-bedrooms exist. The average size of a one-bedroom is between 680 and 800 square feet, with a few exceptions. Prices start at $768,000 and go up to $915,000. Two-bedrooms, which typically have either two or two-and-a-half bathrooms, measure between 930 square feet and 1,338 square feet. Prices fall between $1.365 million and $1.8 million.

Essential amenities that serve residents well

The amenities at the pet-friendly building aren’t over the top but they serve the residents well. There is a part-time doorman, a live-in super, package room, a small gym with modern equipment, an indoor garage (spots are deeded, so new residents can skip the waitlist), bike and unit storage, in-unit washer and dryer setups, and an expansive courtyard for use by all residents.

Spoiled for choice, residents get to easily enjoy Long Island City plus Greenpoint and Williamsburg

The area immediately surrounding The Foundry is mostly filled with low- to mid-rise condominium buildings; some of these have ground-floor retail like Urban Market just about a block away. There, residents get fresh fruits, vegetables, meats, gourmet snacks and groceries. Just two blocks north, Foodcellar Market offers similar fare. About one block east is Vernon Boulevard, lined with a seemingly endless array of culturally specific restaurants and cafes. The entire Hunters Point waterfront is developed with parks; Hunter’s Point South Park is the closest to the building. Residents arrive at this section of the park with a three-minute walk down 51st Street, where anyone can play basketball or beach volleyball on the respective courts, use the playgrounds, dog runs, fitness equipment and the bike and walking paths. Only a seven-minute walk north is the Queens Public Library at Hunters Point, well-known for its contemporary design dreamed up by Steven Holl Architects. The library sits at the water’s edge and the surrounding area is filled with waterfront restaurants like SHI Japanese and Maiella. Enjoying restaurants and activities in Greenpoint and Williamsburg is also a breeze as the ferry can get anyone to those neighborhoods in under 25 minutes.

Quick access to several transportation options

Getting around the city from The Foundry is simple as the area is well-connected to multiple modes of transportation. The 7 train is a block and a half away at Vernon Boulevard and gets commuters to Grand Central Station in just five minutes. The ferry terminal at Hunters Point South is only a 10-minute walk and commuters can get to the east side of Manhattan in 7 minutes. There is a Long Island Rail Road station nearby; however, this station only goes into Long Island and not into Manhattan. A five-minute drive gets residents to I-495 with quick access to the Queens-Midtown tunnel, the Queens Midtown Expressway and many other major roads and highways. A Citi bike docking station is a block away on Vernon Boulevard.

Available Units

No units matching this criteria are available right now.

Building Details

Recreation

  • Fitness Center

Amenities

  • Doorman
  • Controlled Access

Parking

  • Garage

Condo Association

  • $889 Monthly HOA Fees
  • Monthly HOA Fees Range from $851 - $889
  • Long Island City Subdivision

Building Design

  • Elevator

Unit Features

  • Laundry in unit

Unit Information By Building

Unit
2N
Beds
1 Bed
Baths
1 Bath
Sq Ft
671
Price
$920,000
Price / Sq Ft
$1,371 / Sq Ft
List Date
03/19/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
525 - 1,646
Est. Values
$717,631 - $1,495,685
1 Bedroom Units
Sq Ft Range
671 - 774
Est. Values
$799,443 - $1,033,584
2 Bedroom Units
Sq Ft Range
1,124 - 1,237
Est. Values
$1,102,897 - $1,488,010
3 Bedroom Units
Sq Ft Range
1,306
Est. Values
$1,495,685 - $1,871,056
All Units
Sq Ft Range
525 - 1,646
Est. Values
$717,631 - $1,871,056

Map

Area Factors

Moderate Crime

Crime Score®

6 / 10

Very Bikeable

Bike Score®

83 / 100

Walker's Paradise

Walk Score®

95 / 100

Rider's Paradise

Transit Score®

100 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Busy

Sound Score®

63 / 100

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Air Pollution®

N/A / 10

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Flood Factor®

N/A / 10

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Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$34K - $104K
Range of Taxes in Building
$3,588 - $10,728
Range of Taxes per Sq Ft
$5.30 - $9.86

Property Tax History

Source: Public Records

Building Website

Building Team

Property Management
Taube Management Corporation
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.