--- title: "5-12 51st Avenue #3, New York City, NY 11101" description: "5-12 51st Avenue #3, New York City, NY 11101 — Long Island City, New York City, NY. Listing Price $1,498,000. In contract 12/8/2025. 2 bed, 2 bath, 1,363 sqft Illustrative Buyer Commission Share of $22,470 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/queens/11101/5-12-51st-avenue-3-ny-11101" source: "Real Estate Rebate Team" dateModified: "2026-09-04T00:32:17.344Z" status: "Pending" --- # 5-12 51st Avenue #3, New York City, NY 11101 Long Island City, New York City, NY **New Development** Courtesy of Modern Spaces Last updated: September 3, 2026, 8:32 PM ## At a Glance - **Listing Price**: $1,498,000 - **Status**: In contract 12/8/2025 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 2 - **Baths**: 2 - **Sqft**: 1,363 - **Common Charges**: $520 / mo - **Monthly Taxes**: $807 / mo - **Price per Sqft**: $1,099 - **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**: $1,498,000 - **Illustrative Buyer Commission Share**: -$22,470* - **Illustrative Net Cost**: $1,475,530 *Illustrative Buyer Savings of $22,470 — 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) ![5-12 51st Avenue #3, New York City, NY 11101 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b2b845f3-9d7d-4145-8cf8-8943a677761b.jpg) ![5-12 51st Avenue #3, New York City, NY 11101 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f63d4a80-68d4-4c8d-a3ed-afbb42019c8c.jpg) ![5-12 51st Avenue #3, New York City, NY 11101 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6c2975df-bd47-4fa9-bace-61ffe36c6b31.jpg) ![5-12 51st Avenue #3, New York City, NY 11101 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4f9517e8-e3eb-430b-9ca1-10aae78b4f73.jpg) ![5-12 51st Avenue #3, New York City, NY 11101 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bb8e5d7d-4a39-43a0-b214-b4a328ffe230.jpg) ![5-12 51st Avenue #3, New York City, NY 11101 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b8436a6e-361b-4e55-af2c-84798e5911b6.jpg) ![5-12 51st Avenue #3, New York City, NY 11101 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/46ef7273-3283-4e45-b5d5-d967eaf0d9d8.jpg) ![5-12 51st Avenue #3, New York City, NY 11101 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a648c991-3392-4d76-a5a4-a834910717d5.jpg) ![5-12 51st Avenue #3, New York City, NY 11101 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/109c6283-a116-40ef-99ac-6556dadf94f2.jpg) ![5-12 51st Avenue #3, New York City, NY 11101 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/717ea568-eeee-4d16-9b74-30948354149a.jpg) ## Property Overview Welcome to Residence 3, a rare full-floor home offering exceptional scale, light, and privacy in the heart of Long Island City. This expansive residence is defined by its exceptionally large living and dining areas, creating a true loft-like experience that is rarely found in today’s new developments. The oversized dining area easily accommodates a full-scale dining table for entertaining, while the generous living room offers endless layout possibilities — perfect for hosting, relaxing, or creating distinct seating and work-from-home spaces. Large windows line the home, flooding the interiors with natural light throughout the day. Paired with soaring high ceilings, the space feels open, airy, and grand. The combination of ceiling height and oversized windows enhances both volume and brightness, making the entire residence feel even more impressive. Adding to its exclusivity, Residence 3 is the only unit on the floor, offering enhanced privacy and a boutique living experience. Located in a prime Long Island City setting, you are moments from the waterfront, parks, dining, and convenient transportation options — all while enjoying the charm of a more intimate condominium. Residence 3 is a rare opportunity to own a full-floor home with extraordinary living and dining proportions in one of NYC’s most sought-after neighborhoods. ## Property Details - **Property Type**: Condominium - **Beds**: 2 - **Baths**: 2 - **Rooms**: 4 - **Sqft**: 1,363 sqft - **Stories**: 4 - **Year Built**: 2017 - **Price per Sqft**: $1,099 - **Common Charges**: $520 / Monthly - **Monthly Taxes**: $807 / mo - **Listed On**: Dec 8, 2025 - **Days on Market**: 279 Days ### Residence Features - Building Washer Dryer Install Allowed - In Unit - Building Storage - Building Roof Deck - Dryer - Washer - City ## Buying in a new development? Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo. [Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc) ## 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 two-bedroom sales at 5-12 51st Avenue is $1,466,280, based on 3 sales between October 2024 and November 2024. This home is asking $1,498,000, $31,720 above that median. The middle half of those sales closed between $1,445,640 and $1,495,810. - **Median closed price**: $1,466,280 - **Middle half**: $1,445,640 – $1,495,810 - **Based on**: 3 two-bedroom sales at 5-12 51st Avenue - **Period**: October 2024 – November 2024 - **Median $/ft²**: $1,367/ft² Across the 3 of these sales with a published asking price, the median closed at 101.8% of what it originally asked. 0% of them closed below the original ask. ### How these sales were negotiated - **Sold vs original ask**: 101.8% of the original ask - **Closed below ask**: 0% of 3 sales - **Listed → in contract**: 17 days Across the 3 of these sales with a published asking price, the median closed at 101.8% of what it originally asked. 0% of them closed below the original ask. Half of these homes were in contract within 17 days of coming to market, based on the 3 with a recorded listing date. Based on 3 two-bedroom sales at 5-12 51st Avenue, October 2024 – November 2024. 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 two-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 | $1,369,546 | 13 | | 2017 | $1,266,498 | 20 | | 2018 | $1,272,813 | 23 | | 2019 | $1,410,980 | 70 | | 2020 | $1,344,090 | 43 | | 2021 | $1,433,000 | 207 | | 2022 | $1,380,268 | 90 | | 2023 | $1,437,866 | 90 | | 2024 | $1,410,037 | 60 | | 2025 | $1,480,000 | 56 | | 2026 | $1,571,000 | 36 | 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 3 Review the recorded listing activity for 5-12 51st Avenue, Unit 3, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $62,000, or 4%, on June 15, 2026 - **Originally listed**: December 8, 2025 at $1,650,000 | Date | Price | Listing event | | --- | --- | --- | | June 15, 2026 | $1,498,000 | Asking price reduced by $62,000, or 4% | | December 8, 2025 | $1,498,000 | Entered contract | | December 8, 2025 | $1,650,000 | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [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 | | [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 | | [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 | | [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 **$8,902 / month**, assuming a 20% down payment ($299,600), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $7,575 - **Property Taxes**: $807 - **Common Charges**: $520 Estimates only. Actual payments may vary. Confirm terms with your lender. ## This is a new development purchase Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price. - [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator) - [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) - [More new developments](https://realestaterebatesnewyork.com/new-developments) ## 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.