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Residential Income Property with Private Terrace
For Sale
$2,650,000

5-09 48th Avenue 7F, Queens, NY 11101

Bright two-bedroom residence in a 5SL building with a massive private terrace and 24-hour doorman.

Property Size1,587 SF
Price / SF$1,669
Days on Market93

Property Features for 5-09 48th Avenue 7F

General Information

Standard status Active
Size 1,587 SF
Property subtype Apartment

Additional Details

Public Transit Yes
Multifamily Units 1

Amenities

24-hour doorman
private terrace
BBQ grill
in-unit washer/dryer
chef's kitchen
steam shower
double vanity
custom shelving
walk-in closet

Building Details

Building Size 1,587 SF
Year Built 2007
Listing Agency: Serene Powers Real Estate LLC
Listed By: Serene C Powers · License #10491211851
Source: Nilelundgren
Added: Apr 30 Changed: Jul 30 Last Checked: Jul 30 at 4:15AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serene Powers Real Estate LLC

Investment Insights

Based on property information with market context.

Located in the 5SL building, this light-filled residence was built in 2007 and offers a bright, double-exposure layout. The kitchen is equipped with a Summit refrigerator, Bosch range, dishwasher, microwave, and garbage disposal, with hidden storage in the living room. In-unit convenience includes a full-sized LG washer and dryer, designer lighting sconces, and custom shelving throughout.

A standout is the massive 1,074-square-foot private terrace, accessible directly from the primary suite and living space. The terrace features its own BBQ grill and provides outdoor space for entertaining, dining, or relaxing.

The primary suite is sized for a king bed and includes a massive walk-in closet and a second custom-built closet with Elfa shelving. The renovated ensuite bathroom includes a limestone double vanity and a custom-tiled steam shower with a built-in bench. Residents benefit from a 24-hour doorman, with waterfront recreation and two ferry stops about one block away near the East River, and the 7 train about two blocks away for quick service toward Midtown.

Key Highlights

  • Massive 1,074‑square‑foot private terrace with BBQ grill
  • Double‑exposure layout for bright interiors throughout the day
  • In‑unit laundry: full‑sized LG washer and dryer

Property Analytics

Current Use

Resale Collectibles Big Box & Wholesale Store LIC Non-Fiction Book ... Community Center

Suggested Use

Top Pick Auto Parts Store Nursing Home Butcher Mobile Phone Store Daycare Center Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

3,739
Businesses Nearby

Demographics for 11101, NY

48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Queens, NY

$549 Jan
$549 Feb
$547 Mar
Apr
May
$396 Jun

Properties on Market for Residential income properties in Queens

Jan
Feb
Mar
Apr
May
Jun
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Bright two-bedroom residence in a 5SL building with a massive private terrace and 24-hour doorman.
Where is this residential income property located?
The property is located at 5-09 48th Avenue 7F Queens, NY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Massive 1,074‑square‑foot private terrace with BBQ grill; Double‑exposure layout for bright interiors throughout the day; In‑unit laundry: full‑sized LG washer and dryer
More about this property
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