Seller's Agent in 2024
Kenneth Lee
ModernSpaces
(917) 882-2279
26 in this area
123 Total Sales
CityLights Building 5-09 48th Ave Unit 3-R Long Island City, NY 11101
Hunters Point Neighborhood
2
Beds
2
Baths
1,093
Sq Ft
$1,267/mo
HOA Fee
Highlights
- Rooftop Deck
- 4-minute walk to Vernon Boulevard-Jackson Avenue
- New Windows
- P.S./I.S. 78Q Early Childhood Center Rated A
- City View
- 2-minute walk to Gantry Plaza State Park
About This Home
As of October 2024Come experience the unparalleled lifestyle of 5th Street Loft – LIC’s premier condominium just steps from Gantry Park waterfront. Timeless elegance with an efficient layout, unit 3R is a stunning 1093 sq ft 2BR 2BA residence, with indoor parking space included.
The expansive living and dining area can adapt to a multitude of design configurations that invite ease of entertaining and true living comfort. The modern kitchen with dark wood cabinetry compliment with timeless white Caesarstone counter tops and glass backsplash, with an oversized kitchen breakfast bar. Equipped with top of line stainless steel fixtures and appliances including Liebher refrigerator, Bosch range, dishwasher and microwave. Unwind in the splendid master suite, with large bedroom that can easily fit a King size bed and more. Enormous fully built walk-in closet with custom shelving and luxurious en-suite featuring double vanities, honed-limestone countertops, and overhead ring shower. The second bedroom on the opposite wing of the apartment, offers great privacy with large built in closet. Additional features include Bosch washer/dryer, abundance closet spaces and gorgeous maple flooring throughout the stunning apartment. Sale price includes the indoor parking space.
Built by Toll Brothers City Living, the nation’s leading luxury home builder, The 5SL Condominium offers a 24-hour doorman, live-in super, private enclosed parking, fitness center, children’s playroom, bike storage, common rooftop garden, common yard and bocce court. Located right in the heart of the most desirable neighborhood in Long Island City, just one block to waterfront park.
This full-service luxury residence is surrounded by popular restaurants cafes, all commercial services and is just around the corner to Duane Reade, Food Cellar supermarket, the local hardware shop, and quaint boutiques. Only a short walk away are several forms of transportation the LIRR, the 7 train direct to Grand Central -Manhattan, the G, E, and M, train and the East River Ferry all that will take you to any destination in and out of the borough.
Last Agent to Sell the Property
Modern Spaces License #10401270126 Listed on: 05/13/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,532
Year Built
- Built in 2008
HOA Fees
- $1,267 Monthly HOA Fees
Parking
- Garage
Home Design
- Entry on the 3rd floor
Interior Spaces
- 1,093 Sq Ft Home
- New Windows
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Additional Features
- North Facing Home
- Cooling Available
Listing and Financial Details
- Legal Lot and Block 7501 / 30
Community Details
Overview
- Long Island City Subdivision
- 8-Story Property
Amenities
- Community Garden
- Courtyard
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2024
Closed on
Oct 10, 2024
Sold by
Gramonte Abigail
Bought by
Tszeng Jennifer and Wu Kevin
Seller's Agent
Kenneth Lee
Modern Spaces
List Price
$1,485,000
Sold Price
$1,425,000
Premium/Discount to List
-$60,000
-4.04%
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,505
Avg. Annual Appreciation
-4.73%
Original Mortgage
$1,140,000
Outstanding Balance
$1,130,246
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$230,606
Purchase Details
Closed on
Apr 13, 2011
Sold by
Lee Eddie and Li Judy
Bought by
Gramonte Abigail
Purchase Details
Closed on
Jun 30, 2008
Sold by
5-01-5-17 48Th Avenue Llc
Bought by
Lee Eddie and Li Judy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,668
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,425,000 | -- | |
| Deed | $755,000 | -- | |
| Deed | $755,000 | -- | |
| Deed | $782,085 | -- | |
| Deed | $782,085 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,140,000 | Purchase Money Mortgage | |
| Previous Owner | $5,966 | No Value Available | |
| Previous Owner | $625,668 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2024 10/10/24 | Sold | $1,425,000 | -4.0% | $1,304 / Sq Ft |
| 05/14/2024 05/14/24 | For Sale | $1,485,000 | -- | $1,359 / Sq Ft |
| 05/13/2024 05/13/24 | Pending | -- | -- | -- |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $8,542 | $71,080 | $9,566 | $61,514 |
| 2024 | $8,542 | $68,324 | $9,566 | $58,758 |
| 2023 | $6,782 | $65,939 | $9,566 | $56,373 |
| 2022 | $5,061 | $64,088 | $9,566 | $54,522 |
| 2021 | $3,437 | $58,838 | $9,566 | $49,272 |
| 2020 | $2,296 | $67,274 | $9,566 | $57,708 |
| 2019 | $942 | $66,153 | $9,566 | $56,587 |
| 2018 | $950 | $53,468 | $9,566 | $43,902 |
| 2017 | $950 | $49,252 | $9,565 | $39,687 |
| 2016 | $963 | $49,252 | $9,565 | $39,687 |
| 2015 | $752 | $49,017 | $10,244 | $38,773 |
| 2014 | $752 | $50,762 | $10,581 | $40,181 |
Source: Public Records
Agents Affiliated with this Home
-
Kenneth Lee
-
Helen Lee
Seller Co-Listing Agent in 2024
Helen Lee
ModernSpaces
(917) 855-0462
2 in this area
478 Total Sales
About CityLights Building
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10970297
APN: 00030-1048
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 to be accurate and should be independently verified.
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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