Seller's Agent in 2024
Alexander Pereira
ModernSpaces
(646) 512-1300
46 in this area
72 Total Sales
50-07 5th St Unit 5-C Long Island City, NY 11101
Hunters Point Neighborhood
2
Beds
2
Baths
832
Sq Ft
$885/mo
HOA Fee
Highlights
- Balcony
- 3-minute walk to Vernon Boulevard-Jackson Avenue
- Garage
- P.S./I.S. 78Q Early Childhood Center Rated A
- Central Air
- 2-minute walk to Gantry Plaza State Park
About This Home
As of April 2024Quintessential charm. Distinctive style. The Alchemy emerges from Hunters Point’s industrial past as a welcome addition to Long Island City.
An intimately friendly 17-unit condominium residence at 50-07 5th Street, The Alchemy is surrounded by quiet tree-lined streets and historic brownstones. It’s just two blocks from Gantry State Park and the picturesque waterfront and one block away from bustling Vernon Boulevard, where restaurants, bars and lounges are plentiful. Although connected to the rhythms of city life, it’s a tranquil enclave you’ll want to call home.
Contemporary design meets sun-drenched living spaces in a mix of 1-2-bedroom units. Options include two ground floor duplexes that are sure to be coveted, as they feature private backyards and parking — truly an oasis in the city. All apartments offer private balconies and/or generous rooftop spaces, while the penthouse apartments offer views and spacious private front and back terraces or balconies.
All apartments are sleekly fashioned with luxe finishes. Airy interiors feature floor-to-ceiling Cortizo windows that provide superior natural light and dramatic streetscape views. Soaring 10’ ceilings, 7” wide plank oak flooring and recessed lighting throughout are among the standout elements; completed by a soft muted color palette ready for you to make your own. You’ll also appreciate the ability to add connectivity to your lifestyle here: The advanced Mitsubishi heating and cooling system is Nest and wifi compatible.
Kitchens are as pleasing as they are practical. Whether it’s everyday meal prep or stylish entertaining, you’ll do it all with ease in your Miton Cucine designed kitchen. Italian-imported cabinetry is integrated with high-end paneled appliances along with a gas Bosch or Blomberg Range.
The luxurious spa-inspired bathrooms are designed to pamper, outfitted with unique imported vanities, imported Spanish and Italian tiling, innovative Grohe shower systems and Toto fixtures, and radiant heated flooring.
For your convenience, apartments are equipped with washers and dryers. Select units are enhanced with not only a balcony but private rooftop spaces adding to their allure; a lovely spot to enjoy your preferred morning beverage or relax at sunset.
Thoughtfully curated amenities complement these fine residences. Enjoy the outdoor terrace, with its comfortable lounge and barbecue area, surrounded by those glorious views. And stay on top of your fitness goals; the fully equipped fitness center will keep you on track and on target.
Other essential services include a Butterfly MX entry system, fingerprint smart locks and bike storage.
From the peaceful shady streets to the Hunters Point Historic District, a national historic district of red-brick brownstones from the late 19th century, this micro-hood holds a special appeal. It’s invitingly residential, while close to plentiful shopping and dining choices, and just two blocks from the waterfront. And that’s perhaps best of all. The Alchemy is well situated near the East River, so that Gantry Plaza State Park — that amazing riverside retreat with playgrounds, fishing piers and running paths, along with Hunters Point South Park, is your backyard. The 11-acre Hunters Point South Park —considered a model of urban ecology and sustainable thinking — features a central green, playground, dog run, bikeway, waterside promenade with spectacular views of the Manhattan skyline), basketball court, and a 13,000 square foot pavilion with an elevated cafe plaza. It’s all outside your door!
Transportation is easily accessible. Convenient options include both the 7 subway line and Long Island Rail Road, also the ferry at Hunter’s Point South is an appealing alternative.
All this and more awaits you at The Alchemy. Far from ordinary. It’s urban living transformed.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,228
Year Built
- Built in 2023
HOA Fees
- $885 Monthly HOA Fees
Parking
- Garage
Home Design
- 832 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Additional Features
- Balcony
- East Facing Home
- Central Air
Community Details
- Long Island City Subdivision
- 6-Story Property
Listing and Financial Details
- Legal Lot and Block 27 / 33
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2024 04/12/24 | Sold | $1,180,000 | -2.2% | $1,418 / Sq Ft |
| 08/28/2023 08/28/23 | Pending | -- | -- | -- |
| 08/28/2023 08/28/23 | For Sale | $1,206,400 | -- | $1,450 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Alexander Pereira
-
Ka I (Gala) Chan
Seller Co-Listing Agent in 2024
Ka I (Gala) Chan
ModernSpaces
(646) 318-9556
36 in this area
63 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10949146
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.
RLS Data display by Homes.com LLC
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