2-40 51st Avenue #2N, New York City, NY 11101
Listing Courtesy of Serene Powers Real Estate LLC
$899,000
Potential Rebate: $13,485
Overview
Experience the perfect blend of elegance and practicality in this beautifully designed 1-bedroom, 1-bath home at The Foundry, a boutique condominium nestled in the heart of Long Island City. Residence 2N welcomes you with an exceptional layout, premium finishes, and a private balcony ideal for morning coffee or evening unwinding.<br><br>Step inside to discover floor-to-ceiling windows (with northwestern exposure) that flood the home with natural light, creating a bright, airy ambiance throughout. The thoughtfully appointed open-concept living and dining area seamlessly flows into a refined kitchen, complete with a Jenn-Air stove and microwave, and a high-efficiency GE stainless steel dishwasher, a stylish and functional space for both everyday living and entertaining.<br><br>The oversized bedroom easily accommodates a king-size bed and features a generous walk-in closet, while additional deep storage closets provide ample space for organizing. Enjoy the ease of your own in-unit washer and dryera must-have for modern city living.<br><br>The Foundry offers boutique living with upscale amenities, including a virtual doorman, gym, package room, bike storage, and a beautifully landscaped courtyard perfect for relaxing or socializing.<br><br>Located just one block from the stunning Gantry Plaza State Park and moments from the Vernon-Jackson 7 train station, this home offers unbeatable access to Manhattan, Brooklyn, and beyond. Long Island City continues to flourish as a cultural and culinary hotspot, with vibrant new cafes, restaurants, and galleries enriching the neighborhood daily.<br><br>Dont miss this rare opportunity to own a home where convenience meets contemporary sophistication,a true gem in one of NYCs most exciting neighborhoods.<br><br><br><br><br><br>
Estimated Monthly Payment
$5,795 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$13,485
Monthly savings impact
$37/mo
Effective Purchase Price
$885,515
(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. ©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 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 Serene Powers Real Estate LLC
Data Source: TRESTLE #RLS20065279
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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 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 Serene Powers Real Estate LLC
Data Source: TRESTLE #RLS20065279
Price Analysis
Compare average listing prices and value metrics for 2-40 51st Avenue against the surrounding Long Island City market.
Average List Price
Price Per SqFt
10.38% Lower
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
Overview of Long Island City
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.
Real Estate & Housing Market
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.
Lifestyle & Community
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.
Transportation & Accessibility
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.
Parks, Schools & Amenities
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.
Who This Neighborhood Is Best For
LIC is best for Manhattan commuters, view seekers, and lovers of modern luxury.
