RealtyLens
for saleRealtyLens property overview
$1,485,000

5-09 48th Ave Unit 2C

Queens, NY, 11101
View more Queens, NY property pages
2Beds
2Baths
1,048Sqft
$1417$/sqft

Listing Notes

All open houses are by appointment only. Advanced registration is required. Introducing Residence 2C, a spacious and thoughtfully designed south-facing split two-bedroom, two-bathroom home situated along the coveted waterfront in Long Island City. Spanning just under 1, 100 square feet, this residence offers an ideal layout that balances comfort, privacy, and functionality. The open-concept kitchen is outfitted with premium stainless steel appliances and the convenience of an in-unit washer and dryer. The generously sized primary suite easily accommodates a king-sized bed and features two closets, providing ample storage. Residents of 5SL Condominium enjoy a full suite of amenities, including a 24-hour attended lobby, state-of-the-art fitness center, childrens playroom, and multiple outdoor spaces. Located within the sought-after 5SL Condominium in Hunters Point South, the building offers unparalleled convenience. Commuting is seamless with close proximity to the Ed Koch Queensboro Bridge, LIE/Midtown Tunnel, BQE, and Pulaski Bridge. Public transportation options are abundant, including the 7 train just minutes away for a quick commute to Manhattan, as well as nearby E, M, and G subway lines and two NYC Ferry landings. The neighborhood offers a vibrant mix of dining, retail, and daily conveniences, including Trader Joes and Target. Just one block away, Gantry Plaza State Park offers iconic waterfront promenades and sweeping Manhattan skyline views, completing this exceptional lifestyle offering. Some photos have been virtually staged.

Market Insights

Near nearby median-2.6%

$1417/sqft vs a nearby median of $1455/sqft.

Nearby median$1455/sqft
Nearby properties8
Property size1,048 sqft
  • -2.6% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,048 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.67M$1.47M$1.86M · 25% confidence
vs ask $1.49M−$181k (−12.2%)

Asking price is about 12.2% below the fair value — likely to draw competing offers if it's still on market.

$1,507/sqft median across 3 tight comps × 1,048 sqft= $1.58M
  • Transit access+$39k +2.5%
  • High-density walkability+$32k +2.0%
  • Modern construction+$24k +1.5%
  • Moderate flood-area edge−$8k −0.5%
Cumulative NYC adjustments+$87k+5.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-2.6% vs nearby

The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
19 days
Last price change
No change recorded
Listed
Apr 24, 2026
Photos
13 photos
Property type
condos
Status
for sale
Last sold
Jun 24, 2016 · $1,285,000

Features & Amenities

ElevatorLaundry RoomPets AllowedGarage 1 Or MoreWaterfrontModern KitchenOpen KitchenOpen HouseViewsOpen ConceptDen

Photos

Building Facts

Year built
2008
Stories
8
Total units
180
Residential units
118
Building area
3.09 ac
Lot size
35,084 sqft
Land use
Multi-family elevator buildings
Building class
R4

From NYC public records where available.

Price History

May 4, 2026Initial record
$1,485,000for sale

Public Records

DOB violations0 open

67 total recorded against the building

HPD violations0 open

1 total recorded

ACRIS documents0

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)40,601

Top: illegal parking

Top complaint types in ZIP 11101

  • Illegal Parking18,115
  • Noise - Residential2,764
  • Blocked Driveway1,880
  • Street Condition1,739
  • Traffic Signal Condition1,182

Recent DOB

  • May 3, 2024V*-DOB VIOLATION - DISMISSED · BENCH-FAILURE TO BENCHMARK NONE
  • Jun 20, 2021V*-DOB VIOLATION - DISMISSED · EARCX-FAILURE TO SUBMIT EER NONE
  • Mar 16, 2018V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
  • Jun 28, 2017V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED

Recent HPD

  • Jun 13, 2025Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.