---
title: "5-09 48th Avenue #7F, New York City, NY 11101"
description: "5-09 48th Avenue #7F, New York City, NY 11101 — Long Island City, New York City, NY. Listing Price $2,500,000. 3 bed, 2 bath, 1,587 sqft Illustrative Buyer Commission Share of $37,500 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-f-7F-ny-11101"
source: "Real Estate Rebate Team"
dateModified: "2026-08-29T17:40:32.124Z"
status: "Active"
---

# 5-09 48th Avenue #7F, New York City, NY 11101

Long Island City, New York City, NY

Courtesy of Serene Powers Real Estate LLC

Last updated: August 29, 2026, 1:40 PM

## At a Glance

- **Listing Price**: $2,500,000
- **Beds**: 3
- **Baths**: 2
- **Sqft**: 1,587
- **Common Charges**: $2,268 / mo
- **Monthly Taxes**: $1,270 / mo
- **Price per Sqft**: $1,575
- **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**: $2,500,000
- **Illustrative Buyer Commission Share**: -$37,500*
- **Illustrative Net Cost**: $2,462,500

*Illustrative Buyer Savings of $37,500 — 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 #7F, New York City, NY 11101 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e05f87e9-36eb-4306-8af9-0c8a8ee29106.jpg)
![5-09 48th Avenue #7F, New York City, NY 11101 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d0c29040-5e52-4144-8ba4-b0e22d0bdd18.jpg)
![5-09 48th Avenue #7F, New York City, NY 11101 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a58fbe32-878d-4b72-aee2-4be94510361b.jpg)
![5-09 48th Avenue #7F, New York City, NY 11101 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ae1c5d1b-9f62-4a54-b8f5-2b192f70b8ce.jpg)
![5-09 48th Avenue #7F, New York City, NY 11101 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/af47bcc3-0620-468a-9753-34e3fab0dc9a.jpg)
![5-09 48th Avenue #7F, New York City, NY 11101 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bd66210d-d1c4-447f-8d5e-3b38c1a7d0a8.jpg)
![5-09 48th Avenue #7F, New York City, NY 11101 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a37373fc-8f64-43c4-bcf6-6acb563b3300.jpg)
![5-09 48th Avenue #7F, New York City, NY 11101 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/16a5a5aa-a341-424c-b5fa-a9616bccd851.jpg)
![5-09 48th Avenue #7F, New York City, NY 11101 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fb06268e-3201-4029-ab15-f83803c81ba1.jpg)
![5-09 48th Avenue #7F, New York City, NY 11101 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/11fd2702-35f8-4c4b-bf85-75e7e55ad0e3.jpg)

## Property Overview

Bathed in natural light from dawn until dusk, this sophisticated double-exposure residence offers a rare combination of refined interiors and a private outdoor sanctuary. The homes layout maximizes its eastern and western exposures, ensuring the two additional bedrooms are flooded with morning light while the main living areas remain bright and airy all day long. The chefs kitchen is outfitted for the serious cook, featuring a brand-new Summit refrigerator, a Bosch range, dishwasher, and microwave, complemented by dark wood cabinetry and a garbage disposal. Cleverly integrated, hidden storage in the living room maintains a sleek aesthetic, while a full-sized LG washer and dryer, designer lighting sconces, and custom shelving throughout ensure every modern convenience is met.

The standout feature of this home is the massive 1,074-square-foot private terrace, providing a level of outdoor space that is truly a rarity in Long Island City. Accessible directly from the primary suite and living space, this expansive retreat comes complete with its own BBQ grill, offering a perfect setting for large-scale entertaining, alfresco dining, or peaceful relaxation under the sun. It transforms the apartment into a true indoor-outdoor haven, effectively doubling your usable living space.

The primary suite itself comfortably accommodates a king-sized bed and is further enhanced by a massive walk-in closet and a second custom-built closet, both featuring premium Elfa shelving. The renovated ensuite bathroom feels like a personal spa, boasting a limestone double vanity and a custom-tiled steam shower with a built-in bench.

Positioned in the highly sought-after 5SL building, residents enjoy the luxury of a 24-hour doorman and a prime location that is truly unbeatable. You are just one block from the East River and the sprawling waterfront park, offering immediate access to playgrounds, green spaces, and two ferry stops for quick commutes to Brooklyn and Manhattan. For subway access, the 7 train is two blocks away, placing you just one stop from Grand Central and the heart of Midtown.

Reach out today to experience this light-filled gem in person!

## Property Details

- **Property Type**: Condominium
- **Beds**: 3
- **Baths**: 2
- **Rooms**: 5
- **Sqft**: 1,587 sqft
- **Stories**: 8
- **Year Built**: 2007
- **Price per Sqft**: $1,575
- **Common Charges**: $2,268 / Monthly
- **Monthly Taxes**: $1,270 / mo
- **Listed On**: Apr 30, 2026
- **Days on Market**: 135 Days

### Residence Features

- Central Air
- Central
- In Unit
- Private Outdoor Space Under 60 Sqft
- Eat-in Kitchen
- Dryer
- Dishwasher
- Microwave
- Washer
- Hardwood
- City

## Sales Evidence

### Recent closed 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

The median closed price for comparable condo three-bedroom sales in Long Island City is $2,368,375, based on 18 sales between September 2024 and May 2026. This home is asking $2,500,000, $131,625 above that median. The middle half of those sales closed between $2,110,000 and $2,721,252.

- **Median closed price**: $2,368,375
- **Middle half**: $2,110,000 – $2,721,252
- **Based on**: 18 condo three-bedroom sales in Long Island City
- **Period**: September 2024 – May 2026
- **Median $/ft²**: $1,563/ft²

Across the 16 of these sales with a published asking price, the median closed at 97.3% of what it originally asked. 69% of them closed below the original ask.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Long Island City instead.

### How these sales were negotiated

- **Sold vs original ask**: 97.3% of the original ask
- **Closed below ask**: 69% of 16 sales
- **Listed → in contract**: 40 days (about 6 weeks)
- **In contract → closed**: 55 days (about 8 weeks)

Across the 16 of these sales with a published asking price, the median closed at 97.3% of what it originally asked. 69% of them closed below the original ask.

Half of these homes were in contract within 40 days (about 6 weeks) of coming to market, based on the 16 with a recorded listing date.

Once a deal was agreed, closing took a further 55 days (about 8 weeks), based on the 15 with both dates recorded.

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.

Based on 18 condo three-bedroom sales in Long Island City, September 2024 – May 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median price per square foot for sales at 5-09 48th Avenue, 2017 to 2024. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| 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) |

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.

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 7F

Review the recorded listing activity for 5-09 48th Avenue, Unit 7F, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $150,000, or 5.7%, on August 29, 2026
- **Originally listed**: March 30, 2026 at $2,750,000
- **Current asking price**: $2,500,000

| Date | Price | Listing event |
| --- | --- | --- |
| August 29, 2026 | $2,500,000 | Asking price reduced by $150,000, or 5.7% |
| July 27, 2026 | $2,650,000 | Asking price reduced by $100,000, or 3.6% |
| March 30, 2026 | $2,750,000 | Listed for sale by Serene Powers Real Estate LLC |

## Property Tax History

Taxes at 5-09 48th Avenue #7F were $16,513 in 2026, up 7.3% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $146,769 | $16,571 | $130,198 | $132,105 | $16,513 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $140,419 | $16,571 | $123,848 | $123,136 | $15,392 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $135,250 | $16,571 | $118,679 | $118,361 | $14,795 | 12.5% |
| 2023 (FY 2023/24) | $127,071 | $16,571 | $110,500 | $114,231 | $11,749 | 12.502% |
| 2022 (FY 2022/23) | $111,024 | $16,571 | $94,453 | $111,024 | $8,806 | 12.267% |
| 2021 (FY 2021/22) | $101,927 | $16,571 | $85,356 | $101,927 | $5,938 | 12.235% |
| 2020 (FY 2020/21) | $116,543 | $16,571 | $99,972 | $107,718 | $3,913 | 12.267% |
| 2019 (FY 2019/20) | $114,601 | $16,571 | $98,030 | $100,303 | $1,614 | 12.473% |
| 2018 (FY 2018/19) | $112,780 | $16,571 | $96,209 | $92,633 | $1,632 | 12.612% |
| 2017 (FY 2017/18) | $104,537 | $16,571 | $87,966 | $85,328 | $1,646 | 12.719% |
| 2016 (FY 2016/17) | $90,137 | $16,571 | $73,566 | $82,723 | $1,668 | 12.892% |
| 2015 (FY 2015/16) | $79,457 | $16,571 | $62,886 | $84,910 | $1,667 | 12.883% |
| 2014 (FY 2014/15) | $76,252 | $16,571 | $59,681 | $87,940 | $1,663 | 12.855% |
| 2013 (FY 2013/14) | $76,252 | $16,571 | $59,681 | $96,055 | $1,701 | 13.145% |
| 2012 (FY 2012/13) | $91,484 | $19,495 | $71,989 | $110,306 | $1,705 | 13.181% |
| 2011 (FY 2011/12) | $101,067 | $19,495 | $81,572 | $123,826 | $1,738 | 13.433% |
| 2010 (FY 2010/11) | $94,617 | $19,496 | $75,121 | $130,218 | $1,728 | 13.353% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 4000301102. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 5-09 48th Avenue

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

A building in the neighborhood, currently featuring 3 active listings.

- **Year Built**: 2008
- **Total Units**: 3
- **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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [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 | 135 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 | 774 days |
| [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 | Modern Spaces | Apr 24, 2026 | 141 days |

## Estimated Monthly Payment

**$16,179 / month**, assuming a 20% down payment ($500,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $12,641
- **Property Taxes**: $1,270
- **Common Charges**: $2,268

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

## Potential NYC Second-Home Tax

This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price.

[Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

## 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.