$698,653 - $790,000
RENTED JUL 2, 2024

CityLights Building 5-09 48th Ave Unit 8-G Long Island City, NY 11101

Hunters Point Neighborhood
-- Bed
1 Bath
513 Sq Ft
$1,436 Price per Sq Ft

Last Sold May 15, 2024

Last sale price $710,000 $1,384 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,521/month

About This Home

As of May 2024

Gorgeous 513 Sq. Ft. penthouse studio with a private 230 sq. ft. roof terrace with direct access from the apt.!!!! This rare unit offers plenty of storage including 2 large closets and a walk in closet. Maple hardwood flooring and Bosch washer/dryer in the unit. The luxury state of the art full sized gourmet kitchen comes with Caesar stone counter tops and an over-sized kitchen island / breakfast bar, Glass tile back splash, Dark wood cabinetry, Samsung refrigerator, freezer with ice maker, Bosch ranges, microwave and dishwasher, garbage disposal and Kohler fixtures.

5SL is a 5 star full service condo building featuring a 24-hour concierge, a fitness center, common rooftop terrace & common garden area with tables, children’s playroom, refrigerated storage in lobby, bicycle storage, live-in super and pet friendly.

Long Island City is a high demand destination neighborhood and this top of the line building, located right in the heart of this most desirable neighborhood, is surrounded by bistros, restaurants, cafes, steps to Duane Reade, Food Cellar supermarket, boutiques, the waterfront promenade and Gantry Plaza State Park, children’s playground, dog runs, sports field and more. Just 2 blocks to the 7 Train on Vernon Blvd and 1 stop to Grand Central Manhattan. Pets case by case. Move in June 17, 2024.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
May 15, 2024
Sold by
Bolstad Russell L
Bought by
Maclean Alexandra and Sharp Julien
Seller's Agent
Mary Beth McGill
Modern Spaces
Sold Price
$3,300
Views
3
Current Estimated Value
$736,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$733,613
Avg. Annual Appreciation
3.68%
Original Mortgage
$568,000
Outstanding Balance
$562,828
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$174,085

Purchase Details

Closed on
Aug 28, 2015
Sold by
Chan Perry
Bought by
Bolstad Russell L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 2013
Sold by
Freeland Mary Jeanne and Freeland Robert
Bought by
Chan Perry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2009
Sold by
5-01-5-17 48Th Avenue Llc
Bought by
Freeland Mary J and Freeland Robert

Range of Values:

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Average Value
Not Available
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
Maclean Alexandra $710,000 --
Maclean Alexandra $710,000 --
Bolstad Russell L $640,000 --
Bolstad Russell L $640,000 --
Chan Perry $510,000 --
Chan Perry $510,000 --
Freeland Mary J $385,000 --
Freeland Mary J $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maclean Alexandra $568,000
Closed Maclean Alexandra $568,000
Previous Owner Bolstad Russell L $512,000
Previous Owner Chan Perry $382,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2024 07/02/24 Rented $3,300 0.0% --
05/28/2024 05/28/24 Price Changed $3,300 +32.0% $6 / Sq Ft
05/17/2024 05/17/24 For Rent $2,500 0.0% --
05/15/2024 05/15/24 Sold $710,000 -3.9% $1,384 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
01/15/2024 01/15/24 Price Changed $739,000 -2.8% $1,441 / Sq Ft
10/24/2023 10/24/23 For Sale $760,000 -- $1,481 / Sq Ft

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
2024 $4,747 $37,971 $5,316 $32,655
2023 $3,769 $36,646 $5,316 $31,330
2022 $2,818 $35,619 $5,316 $30,303
2021 $1,910 $32,700 $5,316 $27,384
2020 $1,276 $37,389 $5,316 $32,073
2019 $524 $36,766 $5,316 $31,450
2018 $528 $29,713 $5,316 $24,397
2017 $528 $27,372 $5,317 $22,055
2016 $535 $27,372 $5,317 $22,055
2015 $418 $27,245 $5,693 $21,552
2014 $418 $28,212 $5,879 $22,333
Source: Public Records

Agents Affiliated with this Home

  • Mary Beth McGill

    Seller's Agent in 2024

    Mary Beth McGill

    ModernSpaces

    (415) 225-0463

    22 in this area

    31 Total Sales

    Mary Beth McGill
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About CityLights Building

Map

New York Queens County Long Island City 11101 Hunters Point

5-09 48th Ave Unit 8-G, Long Island City, NY

Homes for Sale in Long Island City, NY

This home is located at 5-09 48th Ave Unit 8-G, Long Island City, NY 11101 and is currently estimated at $736,913, approximately $1,436 per square foot. 5-09 48th Ave Unit 8-G 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.

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.

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