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5-09 48th Avenue
Last updated on Nov 28, 2025

5th Street Lofts,
5-09 48th Avenue

5th Street Lofts is a new condominium development in Long Island City by Toll Brothers, consisting of two buildings with a shared courtyard and garden. The development features light-filled residences with high-end appliances and offers amenities including 24-hour concierge service, private parking, fitness center, children's playroom, and a landscaped rooftop terrace. Currently, 1 apartment is for sale.

5-09 48th Avenue Location Map
Unit #
Beds
Baths
Size
Price / Ft2
Price
Listed on
Days on Market

Overview of 5th Street Lofts at 5-09 48th Avenue

5th Street Lofts is an 8 story condominium development in the Hunters Point section of Long Island City, completed in 2009. Developed by Toll Brothers City Living and designed by H. Thomas O'Hara Architects, the property comprises two buildings sharing a common garden courtyard with a bocce court. The mid-rise building features multi-paned, inset windows, some positioned at corners, with a setback above the 6th floor. Located just one subway stop from Grand Central Station, the building is steps from Gantry Plaza State Park and the waterfront promenade.

Apartments range from studios to three bedrooms, with layouts including split bedroom configurations for added privacy. Common features include in-unit Bosch washer/dryers, maple or bamboo hardwood floors, and wall-to-wall windows that provide abundant natural light. Kitchens are outfitted with dark wood Allmilmo cabinetry, Caesarstone countertops, glass tile backsplashes, Liebherr refrigerators, and Bosch appliances including ranges, microwaves, and dishwashers, plus InSinkErator garbage disposals. Bathrooms feature Kohler fixtures, limestone double sink vanities, and porcelain tile flooring. Select units offer private terraces or yards, with one notable penthouse boasting a 1,400 square foot private roof deck with 360 degree views of Manhattan and the East River.

The full service building provides 24 hour concierge service, a live-in superintendent, fitness center, children's playroom, landscaped rooftop terrace, bicycle storage, refrigerated storage in the lobby, and a parking garage equipped with EV charging stations. The property is pet friendly and benefits from a 421-a tax abatement. The location offers convenient access to multiple subway lines (7, E, M, G), the East River Ferry, and the Long Island Railroad, with numerous restaurants, shops, museums, and galleries in the surrounding neighborhood.

Doorman
Full Time
Type
Condo
Year Built
2009
Apartments
Floors
8
Neighborhood
Min Down
20%

Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Garden
  • Health Club
  • Washer/Dryer in building
  • Elevator
  • Children's Playroom
  • Fitness Center
  • Rooftop Terrace
  • Courtyard
  • In-Unit Washer/Dryer
  • Bike Room
  • Live-In Superintendent
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  1. 7
at 50th Ave 0.17 miles
  1. G
at Jackson Ave and 47th Ave 0.29 miles

Pros & Cons

  • Full service building with full time doorman and live-in superintendent
  • High end appliances including Liebherr refrigerator and Bosch range
  • Caesarstone countertops
  • Maple hardwood flooring
  • In-unit Bosch washer and dryer
  • Wall-to-wall windows
  • Limestone double sink vanities in master bathrooms with Kohler fixtures
  • Central AC
  • Children's playroom
  • Fitness center
  • Garden courtyard with bocce court
  • Bicycle storage
  • Landscaped rooftop terrace
  • Parking garage with EV charging stations
  • Pet friendly
  • Refrigerated storage
  • Walking distance to Gantry Plaza State Park and close to waterfront promenade and East River Ferry
  • Near multiple subway lines including 7, E, M, G trains - one subway stop from Grand Central

Sales Summary

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Sales History by Apartment Size

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Pricing Comparison of Similar Buildings

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Editorial Coverage

Alternate Addresses

  • 47-39 5th Street
  • 47-41 5th Street
  • 47-43 5th Street
  • 47-45 5th Street
  • 5-01 48th Avenue
  • 5-03 48th Avenue
Bergen Brooklyn
between 3rd Avenue & 4th Avenue
Boerum Hill
World-class design, rooted in local charm. Crafted facade by Frida Escobedo | Textured interiors by Workstead. Early 2025 Occupancy.
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