---
title: "5-09 48th Avenue #2-C, New York City, NY 11101"
description: "5-09 48th Avenue #2-C, New York City, NY 11101 — Long Island City, New York City, NY. Listing Price $1,460,000. Price Reduced: Reduced $25,000 (1.7%) from $1,485,000 on August 5, 2026. 2 bed, 2 bath, 1,048 sqft Illustrative Buyer Commission Share of $21,900 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-2c-ny-11101"
source: "Real Estate Rebate Team"
status: "Active"
---

# 5-09 48th Avenue #2-C, New York City, NY 11101

Long Island City, New York City, NY

Courtesy of Modern Spaces

## At a Glance

- **Listing Price**: $1,460,000
- **Price Reduced**: Reduced $25,000 (1.7%) from $1,485,000 on August 5, 2026
- **Beds**: 2
- **Baths**: 2
- **Sqft**: 1,048
- **Common Charges**: $1,300 / mo
- **Monthly Taxes**: $754 / mo
- **Price per Sqft**: $1,393
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $1,460,000
- **Illustrative Buyer Commission Share**: -$21,900*
- **Illustrative Net Cost**: $1,438,100

*Illustrative Buyer Savings of $21,900 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![5-09 48th Avenue #2-C, New York City, NY 11101 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/79086eb1-7c60-446d-8d3a-3b0c66582ef3.jpg)
![5-09 48th Avenue #2-C, New York City, NY 11101 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/da1b6bac-4c31-4faf-96d4-0d648563a0a9.jpg)
![5-09 48th Avenue #2-C, New York City, NY 11101 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f658ebba-60a5-43ac-a50a-76a3b3be27db.jpg)
![5-09 48th Avenue #2-C, New York City, NY 11101 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/15f17a9d-7fd2-432c-8fc7-ecf97c36c9ab.jpg)
![5-09 48th Avenue #2-C, New York City, NY 11101 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3245081f-a109-4cfa-8981-6cb8666fd304.jpg)
![5-09 48th Avenue #2-C, New York City, NY 11101 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9b75507f-b4b7-4a86-a4f0-0c7e3c2f062a.jpg)
![5-09 48th Avenue #2-C, New York City, NY 11101 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6a7a4348-36bc-414f-ab31-d155c8e6e0e1.jpg)
![5-09 48th Avenue #2-C, New York City, NY 11101 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d4b6155b-7b63-44f3-a5ef-8344e5cd0511.jpg)
![5-09 48th Avenue #2-C, New York City, NY 11101 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/43e80f56-c5e5-4e56-be41-082edc385d27.jpg)
![5-09 48th Avenue #2-C, New York City, NY 11101 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/193fdb42-df92-4ce4-9795-59dcef2fcc21.jpg)

## Property Overview

All open houses are by appointment only. Advanced registration is required.

Introducing Residence 2C, a spacious and thoughtfully designed south-facing split two-bedroom, two-bathroom home situated along the coveted waterfront in Long Island City. Spanning just under 1,100 square feet, this residence offers an ideal layout that balances comfort, privacy, and functionality.

The open-concept kitchen is outfitted with premium stainless steel appliances and the convenience of an in-unit washer and dryer. The generously sized primary suite easily accommodates a king-sized bed and features two closets, providing ample storage.
Residents of 5SL Condominium enjoy a full suite of amenities, including a 24-hour attended lobby, state-of-the-art fitness center, children’s playroom, and multiple outdoor spaces.

Located within the sought-after 5SL Condominium in Hunters Point South, the building offers unparalleled convenience. Commuting is seamless with close proximity to the Ed Koch Queensboro Bridge, LIE/Midtown Tunnel, BQE, and Pulaski Bridge. Public transportation options are abundant, including the 7 train just minutes away for a quick commute to Manhattan, as well as nearby E, M, and G subway lines and two NYC Ferry landings.

The neighborhood offers a vibrant mix of dining, retail, and daily conveniences, including Trader Joe’s and Target. Just one block away, Gantry Plaza State Park offers iconic waterfront promenades and sweeping Manhattan skyline views, completing this exceptional lifestyle offering.

Some photos have been virtually staged.

## Property Details

- **Property Type**: Condominium
- **Beds**: 2
- **Baths**: 2
- **Rooms**: 4
- **Sqft**: 1,048 sqft
- **Stories**: 8
- **Year Built**: 2008
- **Price per Sqft**: $1,393
- **Common Charges**: $1,300.04 / Monthly
- **Monthly Taxes**: $754 / mo
- **Listed On**: Apr 24, 2026
- **Days on Market**: 146 Days

### Residence Features

- Central Air
- Building Washer Dryer Install Allowed
- Common Area
- In Unit
- Building Storage
- Building Courtyard
- Building Garden
- Building Roof Deck
- Dryer
- Washer
- New Windows

## Estimated Monthly Payment

**$9,437 / month**, assuming a 20% down payment ($292,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $7,383
- **Property Taxes**: $754
- **Common Charges**: $1,300

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

18 apartments at 5-09 48th Avenue have recorded sales since September 2021, the most recent for $1,438,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [4Q](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-q-4Q-ny-11101) (Apartment) | 2 | 1,106 | $1,438,000 | $1,300/ft² | August 20, 2026 | MLS |
| 5Q (Apartment) | 2 | 1,102 | $1,410,000 | $1,279/ft² | February 9, 2026 | City record |
| 2G (Apartment) | — | 728 | $915,000 | $1,257/ft² | August 19, 2025 | City record |
| 3M (Apartment) | — | 1,563 | $1,830,000 | $1,171/ft² | July 3, 2025 | City record |
| 5M (Apartment) | 3 | 1,563 | $2,058,000 | $1,317/ft² | April 4, 2025 | City record |
| 4-J (Apartment) | Studio | 503 | $650,000 | $1,292/ft² | December 17, 2024 | City record · MLS |
| 3-R (Apartment) | 2 | 1,093 | $1,425,000 | $1,304/ft² | October 10, 2024 | City record · MLS |
| 8-G (Apartment) | Studio | 513 | $710,000 | $1,384/ft² | May 15, 2024 | City record · MLS |
| 4K (Apartment) | 2 | 1,216 | $1,595,000 | $1,312/ft² | March 29, 2024 | City record · MLS |
| 6P (Apartment) | 2 | 1,087 | $1,381,000 | $1,270/ft² | October 6, 2023 | City record · MLS |
| 5E (Apartment) | 1 | 706 | $930,000 | $1,317/ft² | August 14, 2023 | City record · MLS |
| 5J (Apartment) | Studio | 503 | $231,748 | $461/ft² | June 8, 2023 | City record |
| 5-R (Apartment) | 2 | 1,093 | $1,455,000 | $1,331/ft² | May 18, 2023 | City record · MLS |
| 5-G (Apartment) | 1 | 729 | $1,015,000 | $1,392/ft² | May 17, 2023 | City record · MLS |
| 2-P (Apartment) | 2 | 1,086 | $1,499,000 | $1,380/ft² | July 13, 2022 | City record · MLS |
| 4M (Apartment) | — | 1,563 | $1,900,000 | $1,216/ft² | June 15, 2022 | City record |
| 3G (Loft) | 1 | 729 | $929,000 | $1,274/ft² | May 17, 2022 | City record · MLS |
| 8J (Apartment) | 2 | 1,102 | $1,625,000 | $1,475/ft² | April 19, 2022 | City record · MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $1,460,000
- **Median sold price**: $1,455,000
- **Difference**: +$5,000 (+0.3%)
- **This home, $/ft²**: $1,393
- **Median $/ft²**: $1,312
- **Comparable sales**: 7
- **Sales from**: April 2022 – February 2026
- **Middle half of those sales**: $1,417,500 – $1,547,000

Based on two-bedroom sales at 5-09 48th Avenue.

### How these sales were negotiated

- **Sale-to-list price**: 99% (3 sales)
- **Sold below asking**: 67% (3 sales)
- **Typical time to find a buyer**: 62 days (6 sales)
- **Typical time to close**: 62 days (6 sales)

Based on two-bedroom sales at 5-09 48th Avenue with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median price per square foot, sales at 5-09 48th Avenue

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $1,169/ft² | 11 |
| 2019 | $1,366/ft² | 6 |
| 2020 | $1,116/ft² | 3 (thin) |
| 2021 | $1,220/ft² | 5 |
| 2022 | $1,327/ft² | 4 (thin) |
| 2023 | $1,317/ft² | 5 |
| 2024 | $1,308/ft² | 4 (thin) |

Based on recorded sales at 5-09 48th Avenue.

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sales data through August 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 5-09 48th Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-09-48th-avenue)

## Price and Property History for 5-09 48th Avenue, Unit 2-C

Review the recorded listing activity for 5-09 48th Avenue, Unit 2-C, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $25,000, or 1.7%, on August 5, 2026
- **Originally listed**: April 23, 2026 at $1,485,000
- **Current asking price**: $1,460,000
- **Last sold (recorded)**: $1,285,000 on June 8, 2016

| Date | Price | Listing event |
| --- | --- | --- |
| August 5, 2026 | $1,460,000 | Returned to the market |
| August 5, 2026 | $1,460,000 | Asking price reduced by $25,000, or 1.7% |
| April 23, 2026 | $1,485,000 | Listed for sale by Modern Spaces |
| June 8, 2016 | $1,285,000 | Sold — recorded sale price |
| May 17, 2016 | $1,295,990 | Entered contract |
| April 8, 2016 | $1,295,990 | Listed for sale by Modern Spaces, LLC |

## About The Building

### 5-09 48th Avenue

5-09 48th Avenue, Long Island City, NY 11101

A building in the neighborhood, currently featuring 2 active listings.

- **Year Built**: 2008
- **Active Units**: 2
- **Floors**: 8

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-09-48th-avenue)

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [2-C](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-2c-ny-11101) | 2 | 2 | 1,048 sqft | $1,393 | $1,460,000 (-1.7%) | Modern Spaces | Apr 24, 2026 | 145 days |
| [7F](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-f-7F-ny-11101) | 3 | 2 | 1,587 sqft | $1,575 | $2,500,000 (-5.7%) | Serene Powers Real Estate LLC | Apr 30, 2026 | 139 days |
| [5-M](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-5m-ny-11101) | 3 | 2 | 1,594 sqft | $1,291 | $2,058,000 (-6.4%) — In contract | Nest Seekers LLC | Jul 30, 2024 | 778 days |

## Long Island City

Overview of Long Island City

[Explore Long Island City](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/long-island-city) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Long Island City

- [Roosevelt Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/roosevelt-island)
- [Sunnyside real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/sunnyside)
- [Astoria real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/astoria)
- [Greenpoint real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/greenpoint)
- [Woodside real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/woodside)
- [Upper East Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-east-side)

## Related Links

- [5-09 48th Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-09-48th-avenue)
- [Long Island City neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/long-island-city)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> 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.