Listing Courtesy of Modern Spaces
$975,000
Potential Rebate: $14,625
Spacious and Serene 1-Bedroom Residence at The Powerhouse – LIC’s Iconic Luxury Living<br>Welcome to this beautifully proportioned and tranquil 1-bedroom home at The Powerhouse, one of Long Island City’s most distinguished luxury condominiums. Situated on the 6th floor and spanning 859 sq. ft., this oversized residence offers floor-to-ceiling windows overlooking a quiet, landscaped courtyard—providing a peaceful retreat from the energy of the city.<br>The expansive living area offers a seamless open layout with distinct spaces for lounging and dining, all enhanced by rich American walnut hardwood floors. The open-concept kitchen is both stylish and functional, featuring white lacquer cabinetry, a sleek glass backsplash, quartzite countertops, and a Wengewood breakfast bar—perfect for casual dining or entertaining guests.<br>The airy bedroom comfortably accommodates a king-sized bed and includes two generous closets, one of which is a rare walk-in closet—a true luxury in a one-bedroom layout.<br>The bathroom is appointed with Italian tile, a deep soaking tub, and a rainfall showerhead for a relaxing experience. Additional features include a Bosch washer and dryer, An individually controlled heating and cooling in each room for year-round comfort.<br>(Disclaimer: The current staging is different from the pictures staged by the previous tenants; room layouts are accurate.)<br>The Powerhouse: Where History Meets Luxury<br>Originally the Pennsylvania Railroad Power Station, this iconic building has been transformed into luxury condominiums by world-renowned architect Karl Fisher and interior designer Andres Escobar. Ideally situated just five minutes from the 7 train (only one stop to Grand Central) and steps from waterfront parks, shops, and recreation areas, The Powerhouse offers both serenity and convenience. Known for its spacious apartments and distinctive layouts, it is one of the most sought-after residences in the neighborhood.<br>Luxury amenities include:<br>24/7 Concierge/Maintenance crew/Porter & Live-in Resident Manager<br>State-of-the-Art Fitness Center<br>Aqua Grotto, a full-service spa featuring a social whirlpool & sauna, steam room, shower, bathroom, and lockers.<br>Residents’ Lounge with Pool Table, game & Wet Bar<br>Media Room & Business Center<br>Children’s Playroom<br>Package room, bicycle storage, & Cold Storage<br>Stunning Roof Terrace with City Views, Sunbathing Deck, BBQ Grills & Picnic Tables<br>Adjacent Rental Parking Available
$6,133 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$14,625
Monthly savings impact
$41/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Modern Spaces
Data Source: TRESTLE #RLS20040079

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.
Long Island City (LIC) is the skyline of Queens. Once an industrial powerhouse, it is now a shimmering wall of glass towers facing Manhattan. For buyers seeking Long Island City Queens real estate, it offers luxury high-rise living with the best commute in the borough.
Living in LIC is modern and fast. It is a 24/7 neighborhood with waterfront parks, breweries, and art museums. As a Queens NYC neighborhood, it rivals Downtown Brooklyn for density and amenities.
The market for homes for sale in Long Island City is dominated by luxury condos. Gleaming towers like Skyline Tower offer resort-style amenities.
There are also converted lofts in the Hunter's Point and Dutch Kills sections.
The lifestyle in LIC is convenient. Residents can be in midtown Manhattan in 5 minutes.
The community is a mix of young professionals, artists in the remaining lofts, and families enjoying the waterfront.
LIC is a transit hub. Served by the 7, N, W, R, M, E, F, and G trains, plus the NYC Ferry. It is arguably the most connected neighborhood in NYC outside of Manhattan.
Gantry Plaza State Park is one of the best parks in the city, famous for its Pepsi-Cola sign and Manhattan views.
Amenities: A exploding restaurant scene on Vernon Blvd and breweries like Fifth Hammer.
LIC is best for Manhattan commuters, view seekers, and lovers of modern luxury.

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