5th Street Lofts Condominium
5-09 48th Avenue And 5-26 47th Road, Queens, NY 11101
Overview
- Units
- 118 residential · 59 parking
- Subway
- 4 min walk to Vernon Blvd-Jackson Av 721 St G, 8 min
- Developer
- Toll Brothers
- Principals
- David Von Spreckelsen
- Offering price
- $81.3 million total
- Floor plans
- Page 16 of the plan
The sponsor of record is 5-01-5-17 48th Avenue, LLC, represented by The Law Offices Of Robert Flink. The offering plan runs 417 pages. The sponsor has filed 17 amendments, the latest in April 1989. The nearest other condo plan on file is 8 On 5th, next door.
Plan CD060400 · New · accepted Jan 25, 2007 · AG record ↗
Compare
| Figure | This building1 | Powerhouse2177 units · 0.2 miaccepted 2007 | The View At East Coast3184 units · 0.2 miaccepted 2007 |
|---|---|---|---|
| Average Offering PricePer Apartment | $692,010In line | $683,886 | $1.34M |
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Unit mix, closings, budgets, finishes and the team, against Powerhouse and The View At East Coast, cited to the offering plans. No credit card required.
Create a free accountHow We Got This
- Comps: the closest Queens plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Units & Prices
Closings Pro
| Homes closed90% of the homes in Schedule A | 106 of 118 |
| Closing prices vs. Schedule A52 homes: $40,212,357 at closing against $37,602,500 in Schedule A (p. 38, p. 39, p. 40, p. 41, p. 42) | +6.9% |
| Closingsfirst and latest recorded | Apr 24, 2008 – May 15, 2021 |
Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 106 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4C | Apr 24, 2008 | $413,702 | $393,990 p. 42 | +5% |
| 3D | Apr 25, 2008 | $585,484 | $511,990 p. 42 | +14.4% |
| 1B | Apr 29, 2008 | $1,049,806 | — | — |
| 2A | Apr 29, 2008 | $605,849 | $525,990 p. 41 | +15.2% |
| 4D | Apr 29, 2008 | $552,900 | $386,990 p. 38 | +42.9% |
| 2C | Apr 30, 2008 | $382,780 | — | — |
| 3A | Apr 30, 2008 | $571,228 | $541,990 p. 41 | +5.4% |
| 2D | May 2, 2008 | $573,265 | $350,990 p. 38 | +63.3% |
| 3C | May 8, 2008 | $385,310 | $379,990 p. 42 | +1.4% |
| 2P | Jun 10, 2008 | $897,068 | — | — |
| 2G | Jun 16, 2008 | $533,553 | — | — |
| 2H | Jun 16, 2008 | $516,397 | — | — |
| 2J | Jun 17, 2008 | $394,436 | — | — |
| 2K | Jun 17, 2008 | $799,225 | — | — |
| 2M | Jun 17, 2008 | $1,147,304 | $1,049,990 p. 40 | +9.3% |
| 3F | Jun 18, 2008 | $537,474 | — | — |
| 3G | Jun 19, 2008 | $537,474 | — | — |
| 2N | Jun 20, 2008 | $492,794 | $485,990 p. 41 | +1.4% |
| 2E | Jun 24, 2008 | $527,616 | — | — |
| 3L | Jun 24, 2008 | $380,240 | $361,990 p. 40 | +5% |
| 3N | Jun 24, 2008 | $536,048 | $469,990 p. 41 | +14.1% |
| 2B | Jun 25, 2008 | $800,575 | $865,990 p. 42 | −7.6% |
| 3H | Jun 26, 2008 | $593,630 | — | — |
| 3Q | Jun 26, 2008 | $801,353 | — | — |
| 2F | Jun 27, 2008 | $522,719 | — | — |
| 2Q | Jun 30, 2008 | $943,908 | — | — |
| 3K | Jun 30, 2008 | $898,133 | $851,990 p. 40 | +5.4% |
| 3R | Jun 30, 2008 | $796,360 | — | — |
| 3B | Jul 1, 2008 | $785,061 | $881,990 p. 42 | −11% |
| 4G | Jul 1, 2008 | $606,867 | — | — |
| 4H | Jul 2, 2008 | $602,794 | — | — |
| 3P | Jul 10, 2008 | $775,896 | — | — |
| 4Q | Jul 10, 2008 | $864,484 | — | — |
| 3E | Jul 11, 2008 | $542,717 | — | — |
| 1A | Jul 15, 2008 | $1,069,500 | $965,990 p. 41 | +10.7% |
| 4J | Jul 16, 2008 | $448,178 | $401,990 p. 40 | +11.5% |
| 4N | Jul 18, 2008 | $571,228 | $479,990 p. 41 | +19% |
| 4R | Jul 18, 2008 | $783,024 | — | — |
| 5F | Jul 18, 2008 | $703,765 | — | — |
| 5J | Jul 18, 2008 | $468,458 | $419,990 p. 40 | +11.5% |
| 5B | Jul 21, 2008 | $955,108 | $942,990 p. 42 | +1.3% |
| 5C | Jul 21, 2008 | $848,192 | $726,990 p. 38 | +16.7% |
| 5E | Jul 22, 2008 | $683,236 | — | — |
| 5H | Jul 23, 2008 | $678,144 | — | — |
| 5L | Jul 23, 2008 | $457,304 | $391,990 p. 40 | +16.7% |
| 5N | Jul 29, 2008 | $539,662 | — | — |
| 5P | Jul 29, 2008 | $861,429 | — | — |
| 5Q | Jul 29, 2008 | $816,626 | — | — |
| 5G | Jul 30, 2008 | $638,432 | — | — |
| 5R | Jul 30, 2008 | $826,809 | — | — |
| 4A | Jul 31, 2008 | $1,186,251 | $557,990 p. 41 | +112.6% |
| 4E | Jul 31, 2008 | $545,944 | — | — |
| 4F | Jul 31, 2008 | $575,301 | — | — |
| 5D | Aug 12, 2008 | $481,640 | $404,990 p. 38 | +18.9% |
| 6A | Aug 14, 2008 | $1,140,430 | $1,022,990 p. 38 | +11.5% |
| 6D | Aug 14, 2008 | $461,360 | $424,990 p. 38 | +8.6% |
| 6G | Aug 14, 2008 | $689,345 | — | — |
| 6F | Aug 18, 2008 | $678,500 | — | — |
| 3M | Aug 19, 2008 | $1,160,799 | $1,004,990 p. 40 | +15.5% |
| 4M | Aug 19, 2008 | $1,161,813 | $1,014,990 p. 40 | +14.5% |
| 4P | Aug 20, 2008 | $849,210 | — | — |
| 7B | Aug 25, 2008 | $811,535 | $674,990 p. 38 | +20.2% |
| 8C | Aug 25, 2008 | $751,458 | — | — |
| 6C | Sep 2, 2008 | $822,528 | $736,990 p. 38 | +11.6% |
| 6E | Sep 3, 2008 | $667,962 | — | — |
| 6J | Sep 4, 2008 | $516,243 | $444,990 p. 40 | +16% |
| 6K | Sep 4, 2008 | $999,911 | $912,990 p. 40 | +9.5% |
| 6L | Sep 8, 2008 | $459,332 | $406,990 p. 40 | +12.9% |
| 6M | Sep 8, 2008 | $1,091,554 | $1,034,990 p. 41 | +5.5% |
| 6N | Sep 8, 2008 | $625,195 | — | — |
| 6P | Sep 9, 2008 | $823,754 | — | — |
| 6R | Sep 9, 2008 | $918,451 | — | — |
| 7D | Sep 10, 2008 | $998,893 | $898,990 p. 38 | +11.1% |
| 7E | Sep 11, 2008 | $1,123,120 | $978,990 p. 39 | +14.7% |
| 7L | Sep 11, 2008 | $673,053 | $594,990 p. 40 | +13.1% |
| 8E | Sep 17, 2008 | $1,204,580 | $964,990 p. 39 | +24.8% |
| 8K | Sep 17, 2008 | $1,010,094 | — | — |
| 8L | Sep 18, 2008 | $756,550 | — | — |
| 3J | Sep 24, 2008 | $389,366 | $383,990 p. 40 | +1.4% |
| 8D | Sep 24, 2008 | $976,567 | $925,990 p. 39 | +5.5% |
| 4B | Sep 26, 2008 | $780,922 | $897,990 p. 42 | −13% |
| 8F | Sep 26, 2008 | $1,567,077 | $1,388,990 p. 39 | +12.8% |
| 7C | Oct 6, 2008 | $811,535 | $684,990 p. 38 | +18.5% |
| 8A | Oct 24, 2008 | $1,173,014 | $1,068,000 p. 38 | +9.8% |
| 8B | Oct 24, 2008 | $783,024 | — | — |
| 4L | Jan 9, 2009 | $360,974 | $376,990 p. 40 | −4.2% |
| 5A | Apr 2, 2009 | $850,239 | $952,990 p. 41 | −10.8% |
| 7J | Apr 6, 2009 | $672,045 | — | — |
| 8G | Apr 15, 2009 | $390,390 | $544,990 p. 39 | −28.4% |
| 7G | Apr 28, 2009 | $320,482 | — | — |
| 5M | Jun 29, 2009 | $882,314 | $1,024,990 p. 40 | −13.9% |
| RC3 | Jul 8, 2009 | $641,498 | — | — |
| 7A | Jul 9, 2009 | $848,202 | $974,990 p. 38 | −13% |
| 7H | Aug 13, 2009 | $661,863 | — | — |
| 4K | Aug 17, 2009 | $815,608 | $869,990 p. 40 | −6.3% |
| 6Q | Aug 17, 2009 | $728,049 | — | — |
| 6B | Aug 18, 2009 | $710,000 | $760,990 p. 38 | −6.7% |
| 7K | Aug 18, 2009 | $730,000 | — | — |
| 7F | Sep 4, 2009 | $999,922 | $1,388,000 p. 39 | −28% |
| 8H | Oct 23, 2009 | $896,060 | — | — |
| 5K | Oct 27, 2009 | $817,330 | $887,990 p. 40 | −8% |
| 2R | Oct 28, 2009 | $845,148 | — | — |
| 8J | Oct 28, 2009 | $860,421 | — | — |
| 6H | Nov 11, 2009 | $682,228 | — | — |
| 2L | Dec 8, 2011 | $540,997 | — | — |
| PU9 | May 15, 2021 | $87,500 | — | — |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- 5-01-5-17 48th Avenue, LLC
- Developer
- Toll Brothers
- Principals
- David Von Spreckelsen
- Tax estimate
- The Mazursky Group, Inc.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
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