Spacious 1-Bedroom/Convertible 2-Bedroom Condo in LIC

5-03 50th Avenue, 2A

$1,075,000 1 BD / 1 BA / 933 SF
Spacious 1-Bedroom/Convertible 2-Bedroom Condo in LIC

This rare opportunity to buy in The Galaxy is “out of this world.”  The massive 933 sq. ft. 1-bedroom is easily convertible into a spacious 2-bedroom unit (see floor plans for suggested options). It’s insanely low common charges and 421-A tax abatement make this a great deal for anyone concerned about carrying costs.

***SELLER IS COVERING THE MANSION TAX***

The unit also comes with the option for a parking space.  If you’d like, you can rent the space for an additional $250 a month, but renting the parking space is NOT a condition of the sale, it is simply an added bonus if you are interested.  The parking garage is attached to the building and can be easily accessed without having to exit the building.

This corner unit has both South & West exposures. The 8 oversized windows provide ample natural light throughout the apartment.  Even gray days are met with more than enough light to enjoy the apartment without ever needing to flip a switch.  The 11 ft. ceilings create a sense of loft-style living.  The generous floorplan provides sufficient space to be extremely creative with the layout of the unit.

In addition to the substantial living space, the apartment also features an extremely large bedroom that could easily be divided into 2 separate bedrooms or a 1-bedroom + home office, or even a 1 bedroom + dream closet!

Not only that, but the living space is large enough to have an additional bedroom placed in there if you wanted to place your 2nd bedroom there or if you needed to design a 2-bed  + home office.

Needless to say, there is more than enough opportunity with this unit to really make the space your own.  It’s definitely move-in ready as an oversized 1-bedroom, great for entertaining, or it could easily be converted into multiple layout options to meet your specific needs with minimal work required.

The building is located less than a block away from the 7 train and 2 blocks from the Hunters Point South park on the East River and ferry terminal.  The location places you right next to all the best parts the Hunters Point section of Long Island City has to offer and makes commuting into and out of the city a breeze.

Comparatively speaking to other condos in the area, The Galaxy condo is a very low-impact building, having only 10 additional units.  Enjoy BBQing with magnificent 360-degree views of Manhattan, Queens & Brooklyn on the beautifully appointed roof deck of this 6 story boutique building.  Invite your friends over to catch the perfect view of the fireworks on the East River every 4th of July.

Don’t miss this rare opportunity to own in a building with limited inventory and the most convenient location in Long Island City.

***There is currently an additional $51.13 monthly fee going to the RESERVE FUND that is not included in the common charges….this is due to expire in the next couple of months (according to management)

APARTMENT FEATURES:

Washer/Dryer In-Unit, Dishwasher, City Views, Elevator, High Ceilings, Verizon FIOS Enabled, Hardwood Floors, Deep Soaking Tub, Oversized Windows, Roof Deck, Southern & Western Exposures, Garage, Parking Available, Pets Allowed

Status In Contract
Details
Price: $1,075,000
Real Estate Tax: $43
Common Charges: $403
Down Payment: 10%
Type: Condo
Room: 3
Bedrooms: 1
Bathrooms: 1
Size (Approx): 933 SF
Condominium
The Galaxy
Building Name: The Galaxy
Year Built: 2006
Floors: 6
Units: 11
Pet Policy: Allowed
ID: 168391
Features
  • AC Units
  • City Views
  • Dishwasher
  • Elevator
  • FIOS
  • Garage
  • Hardwood Floors
  • Parking Spot
  • Roof Deck
  • Southern Exposure
  • Sprinkler system
  • Sunlit Exposures
  • Washer/Dryer
  • Western Exposure
Get in touch with an agent, today.