--- title: "5-12 51st Avenue #2-B, New York City, NY 11101" description: "5-12 51st Avenue #2-B, New York City, NY 11101 — Long Island City, New York City, NY. Listing Price $750,000. In contract 9/8/2026. 1 bed, 1 bath, 636 sqft Illustrative Buyer Commission Share of $11,250 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-12-51st-avenue--b-2B-ny-11101" source: "Real Estate Rebate Team" dateModified: "2026-09-08T22:42:01.291Z" status: "Pending" --- # 5-12 51st Avenue #2-B, New York City, NY 11101 Long Island City, New York City, NY Courtesy of Modern Spaces Last updated: September 8, 2026, 6:42 PM ## At a Glance - **Listing Price**: $750,000 - **Status**: In contract 9/8/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 1 - **Baths**: 1 - **Sqft**: 636 - **Common Charges**: $389 / mo - **Monthly Taxes**: $605 / mo - **Price per Sqft**: $1,179 - **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**: $750,000 - **Illustrative Buyer Commission Share**: -$11,250* - **Illustrative Net Cost**: $738,750 *Illustrative Buyer Savings of $11,250 — 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 (4) ![5-12 51st Avenue #2-B, New York City, NY 11101 — photo 1 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d6576e0c-e3d0-4d95-b534-0b3944e72a10.jpg) ![5-12 51st Avenue #2-B, New York City, NY 11101 — photo 2 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e355487a-a41a-4f91-aa69-c74034098fe1.jpg) ![5-12 51st Avenue #2-B, New York City, NY 11101 — photo 3 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/074c9696-1b6c-426f-8e7d-c5c5561e60ae.jpg) ![5-12 51st Avenue #2-B, New York City, NY 11101 — photo 4 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f9ea6e41-c1c2-46b8-9ebc-4299f222a381.jpg) ## Property Overview Welcome to Unit 2B, where space, style, and value come together beautifully. This bright and inviting residence features soaring high ceilings that create an open, airy atmosphere you’ll notice the moment you walk in. The elevated ceilings not only enhance the sense of space but also allow for abundant natural light, giving the home a warm and expansive feel. Designed for comfortable living and easy entertaining, Unit 2B offers a smart layout that maximizes every square foot. Whether you're relaxing at home or hosting guests, the open ambiance makes the space feel both elegant and welcoming. Best of all, this unit is offered at a great price, making it an exceptional opportunity for buyers seeking style and value in one package. High ceilings, functional design, and an attractive price point — Unit 2B truly stands out. Don’t miss your chance to make this stunning space your own! ## Property Details - **Property Type**: Condominium - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Sqft**: 636 sqft - **Stories**: 4 - **Year Built**: 2017 - **Price per Sqft**: $1,179 - **Common Charges**: $389 / Monthly - **Monthly Taxes**: $605 / mo - **Listed On**: Feb 26, 2026 - **Days on Market**: 199 Days ### Residence Features - Central Air - Building Washer Dryer Install Allowed - In Unit - Building Storage - Building Roof Deck - Dryer - Washer ## Sales Evidence ### Recent closed sales 5 apartments at 5-12 51st Avenue have recorded sales since September 2021, the most recent for $1,466,280 in November 2024. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 3-B (Apartment) | 2 | 1,073 | $1,466,280 | $1,367/ft² | November 1, 2024 | City record · MLS | | 3-A (Apartment) | 2 | 1,060 | $1,425,000 | $1,344/ft² | October 31, 2024 | City record · MLS | | 1-A (Apartment) | 2 | 1,086 | $1,525,339 | $1,405/ft² | October 31, 2024 | City record · MLS | | 2-B (Apartment) | 1 | 674 | $903,188 | $1,340/ft² | October 24, 2024 | City record · MLS | | 2-A (Apartment) | 1 | 656 | $896,060 | $1,366/ft² | October 24, 2024 | 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 one-bedroom sales in Long Island City is $945,000, based on 121 sales between September 2024 and July 2026. This home is asking $750,000, $195,000 below that median. The middle half of those sales closed between $863,832 and $1,050,000. - **Median closed price**: $945,000 - **Middle half**: $863,832 – $1,050,000 - **Based on**: 121 condo one-bedroom sales in Long Island City - **Period**: September 2024 – July 2026 - **Median $/ft²**: $1,523/ft² Across the 104 of these sales with a published asking price, the median closed at 99.8% of what it originally asked. 50% 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**: 99.8% of the original ask - **Closed below ask**: 50% of 104 sales - **Listed → in contract**: 48 days (about 7 weeks) - **In contract → closed**: 85 days (about 12 weeks) Across the 104 of these sales with a published asking price, the median closed at 99.8% of what it originally asked. 50% of them closed below the original ask. Half of these homes were in contract within 48 days (about 7 weeks) of coming to market, based on the 103 with a recorded listing date. Once a deal was agreed, closing took a further 85 days (about 12 weeks), based on the 102 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 121 condo one-bedroom sales in Long Island City, September 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for condo and house one-bedroom sales in Long Island City, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $848,000 | 13 | | 2017 | $840,000 | 26 | | 2018 | $766,890 | 34 | | 2019 | $920,425 | 95 | | 2020 | $862,665 | 48 | | 2021 | $900,000 | 217 | | 2022 | $980,256 | 78 | | 2023 | $870,000 | 94 | | 2024 | $950,146 | 66 | | 2025 | $903,500 | 72 | | 2026 | $975,000 | 27 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Long Island City instead. 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 5-12 51st Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-12-51st-avenue) ## Price and Property History for 5-12 51st Avenue, Unit 2-B Review the recorded listing activity for 5-12 51st Avenue, Unit 2-B, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $45,000, or 5.7%, on May 22, 2026 - **Originally listed**: December 8, 2025 at $795,000 - **Entered contract**: September 8, 2026 - **Last sold (recorded)**: $903,188 on October 24, 2024 | Date | Price | Listing event | | --- | --- | --- | | September 8, 2026 | $750,000 | Entered contract | | May 22, 2026 | $750,000 | Asking price reduced by $45,000, or 5.7% | | December 8, 2025 | $795,000 | Listed for sale by Modern Spaces | | October 24, 2024 | $903,188 | Sold — recorded sale price | | May 6, 2024 | $899,000 | Entered contract | | February 13, 2024 | $899,000 | Asking price reduced by $9,000, or 1% | | October 2, 2023 | $908,000 | Listed for sale by Modern Spaces | ## About The Building ### 5-12 51st Avenue Long Island City · Condominium 5-12 51st Avenue, Long Island City, NY 11101 A building in Long Island City, currently featuring 5 active listings. - **Year Built**: 2017 - **Total Units**: 5 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-12-51st-avenue) ### Available Residences — For Sale (5) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [2-B](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-12-51st-avenue--b-2B-ny-11101) | 1 | 1 | 636 sqft | $1,179 | $750,000 (-5.7%) — In contract | Modern Spaces | Feb 26, 2026 | 198 days | | [2-A](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-12-51st-avenue--a-2A-ny-11101) | 1 | 1 | 714 sqft | $1,254 | $895,000 (-5.8%) — In contract | Modern Spaces | Dec 8, 2025 | 278 days | | [3](https://realestaterebatesnewyork.com/new-developments/newyorkcity/queens/11101/5-12-51st-avenue-3-ny-11101) | 2 | 2 | 1,363 sqft | $1,099 | $1,498,000 (-4.0%) — In contract | Modern Spaces | Dec 8, 2025 | 278 days | | [4](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-12-51st-avenue-4-ny-11101) | 2 | 1 | 1,016 sqft | $1,304 | $1,325,000 — In contract | Modern Spaces | Mar 12, 2026 | 184 days | | [1](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-12-51st-avenue-1-ny-11101) | 1 | 3 | 2,110 sqft | $976 | $2,060,000 (-6.2%) | Modern Spaces | Jul 29, 2026 | 45 days | ## Estimated Monthly Payment **$4,786 / month**, assuming a 20% down payment ($150,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $3,792 - **Property Taxes**: $605 - **Common Charges**: $389 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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 - [5-12 51st Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-12-51st-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.