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5 48th Ave 3P, Queens, NY 11101

Listing Details:
$1,100,000 Price
Condo Property Type
Hunters Point Neighborhood
2 Beds
2 Baths
1,087 Approx. Sq. Ft.
$975 Maint/CC
$78 RET
Key Features:
Allows Pets
Rooftop Access
Unit Laundry

Owner says SELL!!! BEST 2BR DEAL IN HEART OF LONG ISLAND CITY!! RE-SALES ARE WHERE THE VALUE IS AT! Spacious and light two-bedroom, two full bathroom apartment is available at Fifth Street Lofts, one of Long Island City's premiere and best-located condominiums! This nearly 1100 sq.ft. apartment boasts a fantastic layout and no wasted space. The unit comes with high-quality finishes, including a state-of-the-art gourmet kitchen with Caesar stone countertops, glass tile backsplash, Liebherr refrigerator, Bosch ranges, dishwasher, microwave, dark wood cabinetry, garbage disposal, and Kohler fixtures. The master bedroom is large enough for a king-size bed and includes a walk-in closet, as well as an en-suite master bathroom with Limestone double sink vanity and over-sized shower. Bosch washer/dryer included. Excellent closet storage throughout. 5SL is one of the best-located condo buildings in all of Long Island City, being just a block from the East River and the magical waterfront park, where there are playgrounds, green open spaces, the new Hunters Point library, and two ferry stops that take passengers from Queens to Brooklyn and Manhattan. It is also just two blocks from the 7 train, which is one subway stop to Grand Central and Midtown Manhattan. 5SL features a 24-hour concierge, fitness center, playroom, rooftop terrace, and common courtyard. A 15-year 421-a tax abatement is in place at 5SL until June 30th, 2024. THIS TAX EXEMPTION EQUATES TO APPROXIMATELY $20,000 IN TAX SAVINGS! If you're looking for real significant savings in your pocket, a re-sale unit (vs. a new development) is where the value is at! You'll get more square footage for your money. Also, in a re-sale transaction, the SELLER pays the NYC and State transfer taxes, equaling 1.825% of the purchase price (for this unit, that is over $21,000 in savings to the buyer)! In a new development, the buyer pays that tax, meaning that nearly 2% of your closing costs are gone when you choose a re-sale unit. Please reach out to schedule a viewing today!

Listing courtesy of Halstead Property, LLC

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