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for saleRealtyLens property overview
$1,230,000

2-17 51st Ave Unit 517

Queens, NY, 11101
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1Beds
1Baths
1,013Sqft
$1214$/sqft

Listing Notes

Residence 517 at The Powerhouse Spacious 1-Bedroom + Home Office Welcome to Residence 517 at The Powerhouse, a generously sized 1-bedroom with a home office, offering 1, 013 square feet of thoughtfully designed living space in a serene setting. The expansive living and dining area is both airy and invitingperfect for everyday living and entertaining. The enclosed home office, complete with a swing door, provides flexibility as a quiet workspace or a private sleeping area, comfortably accommodating a queen-size bed. The open chefs kitchen is designed for both style and function, featuring white lacquer cabinetry with ample storage, quartzite countertops, a glass tile backsplash, and a full suite of stainless steel appliances. Additional highlights include five closets throughout, oversized windows that fill the home with natural light, rich American cherry wood flooring, an in-unit washer and dryer, and individually controlled PTAC heating and cooling. The king-size primary bedroom offers two spacious closets, while the bathroom is elegantly appointed with a deep soaking tub and a wood vanity. A perfect balance of comfort and versatility, this residence is ideally suited for modern living, working from home, and effortless entertaining. Amenities include: 24/7 concierge and live-in resident manager State-of-the-art fitness center Spa with whirlpool, sauna, and steam room Residents lounge with pool table and wet bar Media room and business center Childrens playroom Bicycle and cold storage Expansive rooftop terrace with skyline views, sundeck, BBQ grills, and picnic areas On-site rental parking available next door Prime Long Island City Location Ideally located just minutes from the 7 train (one stop to Grand Central) and close to the East River Ferry and Gantry Plaza State Park. Enjoy the best of LIC living with Vernon Boulevards vibrant dining scenecafs, boutiques, and acclaimed restaurantsjust one block away, along with everyday conveniences, including Food Cellar, Urban Market, Dumbo Market, Duane Reade, CVS, and the Gantry Home & Hardware store. Dont miss this rare opportunity to own a flexible apartment in one of LICs premier buildings. Schedule your private showing today.

Market Insights

Below nearby median-17%

$1214/sqft vs a nearby median of $1469/sqft.

Nearby median$1469/sqft
Nearby properties12
Property size1,013 sqft
  • -17% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,013 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.49M$1.35M$1.62M · 50% confidence
vs ask $1.23M−$258k (−21.0%)

Asking price is about 21.0% below the fair value — likely to draw competing offers if it's still on market.

$1,469/sqft median across 10 tight comps × 1,013 sqft= $1.49M
  • Open Class C HPD violations−$45k −3.0%
  • Transit access+$37k +2.5%
  • Pre-war character+$37k +2.5%
  • Special flood hazard zone−$30k −2.0%
Cumulative NYC adjustments+$0+0.0%

Property Read

FreshnessCurrent market data

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

Market Position-17% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

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

Diligence Read3 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
9 days
Last price change
No change recorded
Listed
May 3, 2026
Photos
13 photos
Property type
condos
Status
for sale

Features & Amenities

ElevatorLaundry RoomPets AllowedSwimming PoolBasementModern KitchenOpen KitchenMedia RoomRental PropertyViewsWet BarChefs KitchenHardwood FloorsHome OfficeOfficeDenSoaking Tub

Photos

Building Facts

Year built
1906
Stories
11
Total units
181
Residential units
177
Building area
4.58 ac
Lot size
28,724 sqft
Land use
Mixed residential and commercial buildings
Building class
RM

From NYC public records where available.

Price History

May 4, 2026Initial record
$1,230,000for sale

Public Records

DOB violations4 open

41 total recorded against the building

HPD violations10 open

2 class C (immediately hazardous)

ACRIS documents5

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

311 calls (12 mo)40,635

Top: illegal parking

Top complaint types in ZIP 11101

  • Illegal Parking18,125
  • Noise - Residential2,768
  • Blocked Driveway1,880
  • Street Condition1,740
  • Traffic Signal Condition1,182

Recent DOB

  • Jun 26, 2025V-DOB VIOLATION - ACTIVE · P-PLUMBING NONE
  • Feb 22, 2022V-DOB VIOLATION - ACTIVE · FISPNRF-NO REPORT AND / OR LATE FILING (FACADE) FACADE REQUIRED
  • Dec 1, 2021V-DOB VIOLATION - ACTIVE · EGRADE-FAILURE TO POST ENERGY GRADE/SCORE NONE
  • May 31, 2018V-DOB VIOLATION - ACTIVE · FISPNRF-NO REPORT AND / OR LATE FILING (FACADE) FACADE REQUIRED

Recent HPD

  • Apr 17, 2024Class A · § 27-2005 HMC: POST, IN A FORM APPROVED BY THE COMMISSIONER, AND MAINTAIN A NOTICE IN A COMMON AREA OF THE BUILDING REGARDING THE PROCEDURES THAT SHOULD BE FOLLOWED WHEN A GAS L...
  • Apr 17, 2024Class A · § 27-2053 ADM CODE POST SIGN ON WALL OF ENTRANCE STORY BEARING NAME, ADDRESS INCLUDING APARTMENT NUMBER IF ANY, AND TELEPHONE NUMBER OF SUPERINTENDENT, JANITOR OR HOUSEKEEPER. A...
  • Apr 17, 2024Class A · § 27-2045 ADM CODE POST A PROPER NOTICE OF SMOKE DETECTOR REQUIREMENTS, IN A FORM APPROVED BY THE COMMISSIONER, AT OR NEAR THE MAIL BOX MISSING AT PUBLIC HALL, 1st STORY
  • Apr 17, 2024Class C · § 27-2033 ADM CODE POST NOTICE, IN FORM APPROVED BY THE DEPARTMENT, STATING THE NAME AND LOCATION OF THE PERSON DESIGNATED BY THE OWNER TO HAVE KEY TO BUILDINGS HEATING SYSTEM M...

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.