--- title: "5-27 51st Avenue #PH-B, New York City, NY 11101" description: "5-27 51st Avenue #PH-B, New York City, NY 11101 — Long Island City, New York City, NY. Listing Price $939,000. In contract 6/7/2024. 1 bed, 1 bath, 670 sqft Illustrative Buyer Commission Share of $14,085 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-27-51st-avenue-ph-b-PHB-ny-11101" source: "Real Estate Rebate Team" status: "Pending" --- # 5-27 51st Avenue #PH-B, New York City, NY 11101 Long Island City, New York City, NY Courtesy of Modern Spaces ## At a Glance - **Listing Price**: $939,000 - **Status**: In contract 6/7/2024 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**: 670 - **Common Charges**: $534 / mo - **Monthly Taxes**: $69 / mo - **Price per Sqft**: $1,401 - **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**: $939,000 - **Illustrative Buyer Commission Share**: -$14,085* - **Illustrative Net Cost**: $924,915 *Illustrative Buyer Savings of $14,085 — 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 (8) ![5-27 51st Avenue #PH-B, New York City, NY 11101 — photo 1 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e10b2453-7591-426e-a81e-2fa267c131ca.jpg) ![5-27 51st Avenue #PH-B, New York City, NY 11101 — photo 2 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e90610f3-fe4f-4380-acad-fc840a695836.jpg) ![5-27 51st Avenue #PH-B, New York City, NY 11101 — photo 3 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2667c941-7e78-4770-8bbe-9ad8c70be031.jpg) ![5-27 51st Avenue #PH-B, New York City, NY 11101 — photo 4 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3ab27dc8-b7ef-4e9c-87c5-4fbb88a39885.jpg) ![5-27 51st Avenue #PH-B, New York City, NY 11101 — photo 5 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/eccbc854-7cd2-450f-b37f-c68b7a501591.jpg) ![5-27 51st Avenue #PH-B, New York City, NY 11101 — photo 6 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a1dc18d8-7f64-48d1-9843-501bb1d7fc07.jpg) ![5-27 51st Avenue #PH-B, New York City, NY 11101 — photo 7 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/28d97ec0-a8f6-4817-8045-ccf0f7d13054.jpg) ![5-27 51st Avenue #PH-B, New York City, NY 11101 — photo 8 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/172934a2-60d7-427d-b2d1-97560a1e46f4.jpg) ## Property Overview A PERFECT ONE BEDROOM WITH PARKING INCLUDED IN THE ASKING PRICE Unit PHB features a practical layout that offers a sense of spaciousness. The kitchen showcases Ceasarstone Quarz countertops and high-quality appliances, including a Kitchen Aid oven range, microwave, and dishwasher, along with a Fisher & Paykel refrigerator. Flowing seamlessly into the dining/living room. The bedroom comfortably accommodates a queen-sized bed with ample space for additional furniture. Kohler and Duravit fixtures in the bathroom, an LG washer/dryer, white oak floors, and ample storage add to the functionality of this well-designed 1BR residence. Five27 is a boutique condominium characterized by modern and urban architecture. Residents enjoy amenities such as a 24-hour virtual doorman, an outdoor common terrace with a grill, a fitness center, and a lounge for relaxation or gatherings. Optional storage lockers and bike storage are available for rent. Conveniently located just a few blocks from the Vernon/Jackson subway stop on the 7 train, with easy access to Midtown Manhattan, Five27 offers proximity to Long Island City’s diverse dining, entertainment, and transportation options. Additionally, the building benefits from a 421-a tax abatement in effect until June 30th, 2029. *Images are virtually staged. ## Property Details - **Property Type**: Condominium - **Beds**: 1 - **Baths**: 1 - **Rooms**: 2 - **Sqft**: 670 sqft - **Stories**: 5 - **Year Built**: 2013 - **Price per Sqft**: $1,401 - **Common Charges**: $534 / Monthly - **Monthly Taxes**: $69 / mo - **Listed On**: Apr 4, 2024 - **Days on Market**: 896 Days ### Residence Features - Wall Unit(s) - Electric - Building Washer Dryer Install Allowed - Washer Dryer Install Allowed - Balcony - Building Roof Deck ## Estimated Monthly Payment **$5,351 / month**, assuming a 20% down payment ($187,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $4,748 - **Property Taxes**: $69 - **Common Charges**: $534 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 8 apartments at 5-27 51st Avenue have recorded sales since September 2021, the most recent for $895,000 in May 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 3B (Apartment) | 1 | 670 | $895,000 | $1,336/ft² | May 28, 2026 | City record | | PHC (Apartment) | 2 | 1,180 | $1,825,000 | $1,547/ft² | December 18, 2024 | City record · MLS | | 2B (Apartment) | 1 | 670 | $975,000 | $1,455/ft² | March 28, 2024 | City record · MLS | | 3-E (Apartment) | 1 | 632 | $830,000 | $1,313/ft² | August 23, 2023 | City record · MLS | | 3-C (Apartment) | 2 | 950 | $1,200,000 | $1,263/ft² | January 24, 2023 | City record · MLS | | 3-H (Apartment) | Studio | 490 | $590,000 | $1,204/ft² | January 23, 2023 | City record · MLS | | 3D (Apartment) | Studio | 490 | $580,000 | $1,184/ft² | March 27, 2022 | MLS | | 4C (Apartment) | 2 | 950 | $1,270,000 | $1,337/ft² | February 15, 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**: $939,000 - **Median sold price**: $895,000 - **Difference**: +$44,000 (+4.9%) - **This home, $/ft²**: $1,401 - **Median $/ft²**: $1,336 - **Comparable sales**: 3 - **Sales from**: August 2023 – May 2026 - **Middle half of those sales**: $862,500 – $935,000 Based on one-bedroom sales at 5-27 51st Avenue. ### Price trend Median sale price, condo and house one-bedroom sales in Long Island City | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $830,791 | 12 | | 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 YTD | $975,500 | 28 | Based on recorded condo and house one-bedroom sales in Long Island City. 2026 is year-to-date. Sales data through May 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 5-27 51st Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-27-51st-avenue) ## Price and Property History for 5-27 51st Avenue, Unit PH-B Review the recorded listing activity for 5-27 51st Avenue, Unit PH-B, including asking-price changes and prior market dates. - **Latest price change**: Increased by $189,000, or 25.2%, on August 5, 2026 - **Originally listed**: April 4, 2024 at $750,000 | Date | Price | Listing event | | --- | --- | --- | | August 5, 2026 | $939,000 | Asking price increased by $189,000, or 25.2% | | July 30, 2026 | $939,000 | Asking price increased by $189,000, or 25.2% | | June 7, 2024 | $939,000 | Entered contract | | April 4, 2024 | $750,000 | Listed for sale by Modern Spaces | ## About The Building ### 5-27 51st Avenue 5-27 51st Avenue, Long Island City, NY 11101 A building in the neighborhood, currently featuring 0 active listings. - **Year Built**: 2013 - **Active Units**: 0 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-27-51st-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [PH-B](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-27-51st-avenue-ph-b-PHB-ny-11101) | 1 | 1 | 670 sqft | $1,401 | $939,000 (+25.2%) — In contract | Modern Spaces | Apr 4, 2024 | 895 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 - [5-27 51st Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-27-51st-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.