SOLD MAY 15, 2024
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
$699/mo
HOA Fee
Highlights
- Rooftop Deck
- 4-minute walk to Vernon Boulevard-Jackson Avenue
- Cooling System Mounted In Outer Wall Opening
- P.S./I.S. 78Q Early Childhood Center Rated A
- New Windows
- 2-minute walk to Gantry Plaza State Park
About This Home
As of May 2024Luxury living at 5th Street Lofts located in the heart of LIC – fantastic north facing penthouse studio with a private 230 Sq Ft roof terrace with direct staircase access from the apt!! This charming 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 full service condo built by Toll Brothers, the nations leading luxury home builder. Building features 24-hour concierge, a fitness center, common rooftop terrace & common garden, children’s playroom, refrigerated storage in lobby, bicycle storage, live-in super and pet friendly. 15 year 421-A tax abatement in place thru June 30, 2024.
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 bistro, 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. 2 blocks to the 7 Train on Vernon Blvd and 1 stop to Grand Central Manhattan.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,696
Year Built
- Built in 2008
HOA Fees
- $699 Monthly HOA Fees
Parking
- Garage
Interior Spaces
- 1 Full Bathroom
- 513 Sq Ft Home
- New Windows
Laundry
- Laundry in unit
- Dryer
- Washer
Additional Features
- North Facing Home
- Cooling System Mounted In Outer Wall Opening
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 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
Total Days on Market
132
Views
3
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
$733,613
Avg. Annual Appreciation
3.64%
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
Similar Homes in Long Island City, NY
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 | $710,000 | -- | |
| Deed | $710,000 | -- | |
| Deed | $640,000 | -- | |
| Deed | $640,000 | -- | |
| Deed | $510,000 | -- | |
| Deed | $510,000 | -- | |
| Deed | $385,000 | -- | |
| Deed | $385,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $568,000 | Purchase Money Mortgage | |
| Closed | $568,000 | Purchase Money Mortgage | |
| Previous Owner | $512,000 | Purchase Money Mortgage | |
| Previous Owner | $382,500 | New Conventional |
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 |
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 |
|---|---|---|---|---|
| 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
About CityLights Building
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10961428
APN: 00030-1114
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