Listing Courtesy of Modern Spaces
$950,000
Potential Rebate: $14,250
Inspired comfort blends with form and function at 5-12 51st Avenue. Smartly designed to maximize comfortable living with modern efficiency, this boutique condominium residence boasts a wide variety of features intended to make everyday life enjoyable and relaxing. The five-unit building offers an intimate oasis in Long Island City’s charming Hunters Point neighborhood. <br><br>The mix of one and two bedroom units feature expansive modern layouts to fit everyone’s needs, along with a first floor duplex with a private backyard. Residences offer unparalleled attention to craftsmanship. Each home’s bright, spacious layout integrates premium finishes and exclusive details, including engineered oak flooring, a custom steel and brass chandelier, and unique storage spaces — all embodying the LIC aesthetic. Every aspect of these units is thoughtfully composed. The highly functional kitchens are uniquely styled for each individual apartment. Each kitchen is enhanced with specific tile and cabinetry finishes paired with stainless steel appliances. Bathrooms are outfitted with a Duravit tub and toilet and accent tiling. Each unit is also equipped with a stacked washer/dryer. When it’s time to unwind, the roof deck is a relaxing space, with barbecue grills, greenery and lounge furnishings, and expansive city views.<br><br>Situated near historic homes, the building is conveniently located in a cozy neighborhood with everything in reach. Residents have easy access to Manhattan via the No. 7 subway line, with shopping and dining nearby, along with LIC’s dynamic cultural scene. Visit one of the many galleries and museums close by, including MoMA PS1 or enjoy one of LIC’s lush parks and the waterfront. Settle in at 5-12 51st Avenue — a cozy, friendly place to call home.
$5,689 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$14,250
Monthly savings impact
$40/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
2.5%
Experience
Member
Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Modern Spaces
Data Source: TRESTLE #RLS20062900

Compare average listing prices and value metrics for 5-12 51st Avenue against the surrounding Long Island City market.
than the Long Island City price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Long Island City (LIC) is the skyline of Queens. Once an industrial powerhouse, it is now a shimmering wall of glass towers facing Manhattan. For buyers seeking Long Island City Queens real estate, it offers luxury high-rise living with the best commute in the borough.
Living in LIC is modern and fast. It is a 24/7 neighborhood with waterfront parks, breweries, and art museums. As a Queens NYC neighborhood, it rivals Downtown Brooklyn for density and amenities.
The market for homes for sale in Long Island City is dominated by luxury condos. Gleaming towers like Skyline Tower offer resort-style amenities.
There are also converted lofts in the Hunter's Point and Dutch Kills sections.
The lifestyle in LIC is convenient. Residents can be in midtown Manhattan in 5 minutes.
The community is a mix of young professionals, artists in the remaining lofts, and families enjoying the waterfront.
LIC is a transit hub. Served by the 7, N, W, R, M, E, F, and G trains, plus the NYC Ferry. It is arguably the most connected neighborhood in NYC outside of Manhattan.
Gantry Plaza State Park is one of the best parks in the city, famous for its Pepsi-Cola sign and Manhattan views.
Amenities: A exploding restaurant scene on Vernon Blvd and breweries like Fifth Hammer.
LIC is best for Manhattan commuters, view seekers, and lovers of modern luxury.

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