Listing Courtesy of Modern Spaces
$875,000
Potential Rebate: $13,125
Bright South-Facing Loft-Style Alcove Studio with Flexible 1-Bedroom Layout at The Powerhouse<br>Experience the perfect blend of industrial charm and modern functionality in this sun-drenched, south-facing alcove studio at The Powerhouse, one of Long Island City’s most iconic full-service luxury buildings. Offering 758 sq. ft. of open, airy interior space, this loft-style residence is thoughtfully designed for flexibility and can easily be converted into a true 1-bedroom. The spacious, open layout features a generous home office alcove that comfortably accommodates a king-size bed and a dresser. To further customize the space, a sliding door can be installed to fully enclose the alcove, creating a private bedroom.<br>Other standout features include 10-foot ceilings and oversized windows that flood the home with natural light. American walnut hardwood floors throughout<br>Two oversized closets and a linen closet offer excellent storage. In-unit new washer and dryer for everyday convenience<br>Individually controlled PTAC heating and cooling systems in each room<br>The open chef’s kitchen is designed for both functionality and style, featuring:<br>Sleek white lacquer cabinetry<br>Glass tile backsplash<br>Quartzite countertops<br>Wengewood sushi-style breakfast bar<br>Premium stainless steel appliances, including a Viking refrigerator<br><br>Disclaimer: Listing photos include virtual staging to illustrate possible furniture placement and layout options. All images reflect the actual apartment.<br><br>The Powerhouse: Where History Meets Luxury<br>Once the Pennsylvania Railroad Power Station, The Powerhouse has been reimagined into a luxury condominium by celebrated architect Karl Fisher and interior designer Andres Escobar. The building is renowned for its spacious layouts, unique industrial details, and superb amenities.<br>Amenities Include:<br>24/7 concierge and live-in resident manager<br>State-of-the-art fitness center<br>Spa with whirlpool, sauna, and steam room<br>Residents’ lounge with pool table and wet bar<br>Media room and business center<br>Children’s playroom<br>Bicycle and cold storage<br>Expansive rooftop terrace with panoramic skyline views, BBQ grills, picnic tables, and sun deck<br>On-site rental parking is available next door.<br><br>Prime Long Island City Location<br>Ideally located just 5 minutes from the 7 train—only one stop to Grand Central—and close to the East River Ferry, Gantry Plaza State Park, and scenic waterfront walkways. The Powerhouse offers a peaceful yet vibrant lifestyle, with Vernon Boulevard’s popular restaurants, bars, cafés, and shops just one block away. Essentials like Food Cellar, Urban Market, Dumbo Market, Duan Read, and CVS are also right around the corner.<br>Vernon Boulevard’s vibrant dining scene, featuring cafes, boutiques, and Michelin-rated restaurants<br>Don’t miss this rare opportunity to own a light-filled, flexible loft in one of LIC’s most desirable buildings.<br>Schedule your private showing today!
$5,444 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$13,125
Monthly savings impact
$36/mo
Effective Purchase Price
$861,875
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Modern Spaces
Data Source: TRESTLE #RLS20043952
RLS at REBNY

2.5%
Experience
Member
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Modern Spaces
Data Source: TRESTLE #RLS20043952
RLS at REBNY

Compare average listing prices and value metrics for 2-17 51st Avenue against the surrounding Long Island City market.
than the Long Island City price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

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