NOT LISTED FOR SALE

5-03 50th Ave Unit 3C Long Island City, NY 11101

Hunters Point Neighborhood

Estimated Value: $1,297,246 - $1,466,000

2 Beds
2 Baths
1,126 Sq Ft
$521/mo HOA Fee

Last Sold September 15, 2016

Last sale price $1,195,000 $1,061 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,959/month

200 Days on Market

Highlights

  • Pre War Building
  • 2-minute walk to Vernon Boulevard-Jackson Avenue
  • 2-minute walk to Gantry Plaza State Park
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • Garage

About This Home

As of September 2016

Spacious, open 2 bedroom loft at The Galaxy, a premiere boutique condominium in the heart of Long Island City. You are immediately struck by the light and openness from the moment you enter the home. With soaring 11' ceilings and enormous oversized windows providing abundant light, this airy layout exudes modern elegance. Sleek slate countertops, stainless steel appliances, custom-made cabinets, and warm Santos Mahogany wood floors creates the perfect blend of urban sophistication and inviting warmth. This 2 bedroom residence with a chef's kitchen features the ideal split layout of east and west bedrooms balancing a gracious living area. The large master bedroom includes a custom built closet with a dressing area. The master bathroom features limestone walls, slate flooring, and a Philippe Starck Vanity. The Galaxy as a residence offers many features that will appeal to smart home buyers: A perfect location: only one block to the 7 train and one stop to Grand Central, steps to the waterfront and Gantry Plaza State Park, and close proximity to schools, playgrounds, and the water taxi. Extremely low common charges and near zero taxes due to the 15-year 421A tax abatement through 2022. European base-board heating, a proper utility room with a Miele washer & dryer, a digital video security system, optional covered parking, and a 5,000 square foot roof deck with views of Manhattan and Long Island City proper. Showings by appointment

Last Agent to Sell the Property

Rick Kelly

ALTA Real Estate License #30KE0946657 Listed on: 01/25/2016

Co-Listed By

AnneMarie Nasello

Compass License #10301217031

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $624

Year Built

  • Built in 2006

HOA Fees

  • $521 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,126 Sq Ft Home
  • Pre War Building
  • Entry on the 3rd floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling

Community Details

  • The Galaxy Condos
  • Lngcty Subdivision
  • 6-Story Property

Listing and Financial Details

  • Tax Block 32

Property Details

Home Type

Condominium

Est. Annual Taxes

$624

Year Built

Built in 2006

Lot Details

0

HOA Fees

$521 per month

Listing Details

  • Cross Street: 5th Street & 50th Avenue
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: LNGCTY
  • Architectural Style: Prewar
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1126.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 2

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 521.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: THE GALAXY
  • Total Stories: 6
  • Year Built: 2006

Tax Info

  • Tax Block: 32
  • Tax Annual: 624.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2016
Closed on
Sep 14, 2016
Sold by
Kastin Rebecca and Kastin William Geoffrey
Bought by
Craven Thomas and Suzuki Jessica
Seller's Agent
Rick Kelly
ALTA Real Estate
List Price
$1,350,000
Sold Price
$1,195,000
Premium/Discount to List
-$155,000
-11.48%
Current Estimated Value
$1,408,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,415
Avg. Annual Appreciation
1.82%
Original Mortgage
$417,000
Outstanding Balance
$333,084
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$1,075,331

Purchase Details

Closed on
Jul 19, 2007
Sold by
Jsl Realty Holding Llc
Bought by
Kastin Rebecca and Kastin William Geoffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.73%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Craven Thomas $1,195,000 --
Kastin Rebecca $825,000 --
Kastin Rebecca $825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Craven Thomas $417,000
Previous Owner Kastin Rebecca $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2016 09/15/16 Sold $1,195,000 -11.5% $1,061 / Sq Ft
08/16/2016 08/16/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $1,350,000 -- $1,199 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,610 $100,485 $9,622 $90,863
2024 $12,610 $100,866 $9,622 $91,244
2023 $12,372 $98,964 $9,622 $89,342
2022 $9,808 $98,989 $9,622 $89,367
2021 $7,516 $98,884 $9,622 $89,262
2020 $5,231 $112,899 $9,622 $103,277
2019 $2,755 $108,815 $9,622 $99,193
2018 $10,231 $81,124 $9,622 $71,502
2016 $625 $71,178 $10,024 $61,154
2015 $488 $69,947 $10,491 $59,456
2014 $488 $70,359 $11,031 $59,328
Source: Public Records

Agents Affiliated with this Home

  • Rick Kelly

    Seller's Agent in 2016

    Rick Kelly

    ALTA Real Estate

    (917) 204-6577

    5 in this area

    22 Total Sales

    Rick Kelly
    Section Image
  • AnneMarie Nasello

    Seller Co-Listing Agent in 2016

    AnneMarie Nasello

    Compass

    (917) 292-0010

    5 in this area

    18 Total Sales

    AnneMarie Nasello
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10036435

Real Estate Board of New York (REBNY)

APN: 00032-1007

New York Queens County Long Island City 11101 Hunters Point

5-03 50th Ave Unit 3C, Long Island City, NY

This home is located at 5-03 50th Ave Unit 3C, Long Island City, NY 11101 since 25 January 2016 and is currently estimated at $1,408,415, approximately $1,250 per square foot. This property was built in 2006. 5-03 50th Ave Unit 3C is a home located in Queens County with nearby schools including P.S./I.S. 78Q Early Childhood Center, I.S. 204 Oliver W. Holmes, and Long Island City High School.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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