47-05 5th Street, #PH-602, Queens (Long Island City), NY, 11101 | $1,600,000

Welcome to Unit #602 at The Monarch Condominium - an unparalleled gem in the heart of Long Island City!
This exceptional 2-Bedroom/2-Bathroom residence boasts a sprawling 1, 012 SQFT interior space and a breathtaking 1, 232 SQFT private terrace, offering an extraordinary blend of indoor and outdoor living.
Upon entering this corner unit, you’ll be immediately captivated by the expansive terrace — a rare find in today’s market. This outdoor sanctuary provides stunning skyline views of Long Island City, creating a serene backdrop for your personal oasis. With its North and East facing exposures, the home is drenched in natural morning light, highlighting the rich Oak Wood floors and modern finishes throughout.
The kitchen is a chef's delight, featuring Quartz Countertops, a Glass Mosaic backsplash, and top of the line Bosch stainless steel appliances, including a refrigerator, stove, and dishwasher. The bathrooms are elegantly appointed with neutral white and grey porcelain subway tiles, heated floors, with the guest bathroom offering a deep soaking tub for ultimate relaxation. For your convenience, a stackable Electrolux Washer/Dryer is also included in the unit.
Both bedrooms are spacious and well designed so that every SQFT is optimally utilized. The master bedroom can comfortably accommodate a king sized bed along with a dresser, night stands and work desk, while still having space leftover. The second room can easily fit a queen sized bed along with additional furnishings or, if desired, can be configured into a home office. Ample storage is provided by large double door closets in each bedroom, supplemented by two additional closets located within the unit.
Stepping outside & venturing into the neighborhood, you’re located just steps from Gantry State Park (1 block away), and from a host of grocery options, including: Food Cellar, Urban Market, Trader Joe's, Key Foods, and Target (less than 3/4th’s of a mile away). The vibrant neighborhood offers an array of fine dining restaurants on Vernon Boulevard (1 block away) and lively nightlife on Jackson Avenue (~3 blocks away). Commuting will be a breeze, easy access into the city via the 7 train (1/4th of a mile away) & bringing you into Grand Central Station in one stop (~4 minutes). Additional transportation is also offered via The East River Ferry in Gantry State Park as well as the E, G, M & 7 train lines via Court Square Station.
The Monarch is a boutique, full service condominium featuring only 21 units across 6 stories. Residents enjoy luxury amenities such as: full sized gym, common roof terrace with BBQ grills, private residents' lounge, garage parking, storage, virtual intercom, 24-hour super, & more! Enjoy the benefits of low monthly carrying costs, thanks to a 15-year 421A Tax Abatement.
This is a rare opportunity to own a unique home with exceptional space, views, and location.
Don't miss out —schedule your private showing today!

Features

  • Town: Queens
  • Cooling: Through the Wall
  • Levels: 6
  • Amenities: Bike Room; Garage; Fitness Room; Lounge; Roof Deck;
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Complex: Monarch, The
  • Year Built: 2016
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Terrace : Yes
  • Building Access : Elevator
  • Service Level: Virtual Doorman
  • LobbyAttendant: No
  • OLR#: 2100681
  • Days on Market: 35 days
  • Website: https://www.raveis.com
    /prop/2100681/47055thstreet_queens_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Nest Seekers International

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

47-05 5th Street, #PH-602, Queens (Long Island City), NY, 11101

$1,600,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,280,000 $1,280,000 $1,280,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.125% 6.000% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.951% 6.108% 5.805%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,969 $7,674 $10,544
Total Monthly Payment $7,094 $7,799 $10,669

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.