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$2,799,000
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Property Description
Set just one block from Gantry Plaza State Park, this refined multi-family residence captures the quiet rhythm of Long Island City's waterfront-where the city reveals its most elegant side. Morning runs unfold along the East River with Manhattan's skyline stretching effortlessly across the horizon, a daily reminder that the world's most dynamic city is both near and gracefully distant. Tree-lined streets offer calm and privacy, while the surrounding neighborhood hums with understated cultural energy. The classic three-story building features six well-appointed one-bedroom residences, each benefiting from a location that has long defined desirability rather than chasing it. Here, lifestyle and investment move in the same direction-anchored by permanence, proximity, and prestige. With East River Ferry access nearby, commuting becomes a refined alternative to the ordinary, connecting residents to Manhattan with ease. Cafés, dining, and cultural destinations are moments away, completing a setting that feels distinctly New York, yet remarkably composed. This is a rare opportunity to secure a property that embodies the poetry of the city-measured, confident, and enduring.
Full Property Details
Full Property Details for 5-17 51st Ave
General
- Price: $2,799,000
- Taxes: $13,411
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 956251
- Updated: 2/4/2026
- Added to Site: 17 day(s) ago
Parking
- Parking Features: None
Location
- County: Queens
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard
- Heating Zones: 1
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Structural Information
- Detached/Attached: Attached
- Basement: Yes
- Basement Desc.: Full Basement
- Stories/Levels: 3
- Stories in Building: 3
- Building Size: 3600
- Square Feet: 3,600
- Year Built: 1931
Lot Features
- Lot Size (Sq. Ft.): 2,500
- Zoning: M14 R6B
Financial Considerations
- Tax Amount: $13,411
Disclosures and Reports
- Special Conditions: None
- Property ID: 00033-0018
Listed by RE/MAX Frontier
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Schools
Schools serving 5-17 51st Ave
School District:New York City Geographic School District 30
| Name | Grades | Distance |
|---|---|---|
P.S. 78 48-09 Center Blvd, Queens, NY 11109 | PK-5 | 0.2 mi |
Is 204 Oliver W Holmes 36-41 28th St, Queens, NY 11106 | 6-8 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5-17 51st Ave
Date
Details
Price
Change
Source
2/03/2026
Listed
$2,799,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5-17 51st Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,255
—
$106,042
-83%
2024
$13,257
4%
$629,100
514%
2023
$12,802
10%
$102,401
-77%
2022
$11,638
8%
$436,950
2%
2021
$10,776
6%
$429,660
3%
2020
$10,174
—
$417,150
20%
2019
$10,174
10%
$347,760
341%
2017
$9,282
—
$78,770
8%
2017
$9,282
7%
$72,976
8%
2016
$8,712
8%
$67,574
8%
2015
$8,084
3%
$62,747
—
2014
$7,815
4%
$62,747
4%
2013
$7,541
—
$60,593
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5-17 51st Ave
517 51st Avenue, Long Island City, NY 11101 (MLS# 956251) is a Commercial property. 517 51st Avenue is currently listed for $2,799,000 and was received on February 03, 2026. Want to learn more about 517 51st Avenue? Do you have questions about finding other Commercial real estate for sale in Long Island City? You can browse all Long Island City real estate or contact a Coldwell Banker agent to request more information.

