The Yard
2-26 50th Avenue, in Long Island City, Queens
Long Island City, Queens
BBL 4000167502 · BIN 4616494
- Year built
- 2010
- Type
- Condominium
- Floors
- 12
- Amenities
- Attended lobby — confirm service hours with the managing agent, fitness room, resident lounge, outdoor decks, roof grilling area, bicycle storage, package facilities and parking
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Part-time doorman
Every recorded sale at this building, 2011–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,035
- floor-adjusted, 4 sales
- Listing discount
- 2.7%
- Recorded sales
- 102
- On record
- 2011–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Yard would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
The Yard is a 12-story condominium designed by Karl Fischer near the Hunters Point waterfront. Its 83 apartments share a staffed entrance, indoor recreation space and outdoor decks. The building's formal condominium name is Powerhouse Yard Condominium, with Chess Realty LIC LLC identified as the original sponsor.
The waterfront location and amenity package are its principal physical advantages. Residents have access to common outdoor space at more than one level, including a roof grilling area. Individual homes also include balcony layouts, creating a choice between private outdoor space and reliance on the shared decks.
Ownership remains an important part of this building's profile. A single owner holds 28 residential apartments, or about one-third of the total. That position is substantial enough to matter to lenders and condominium governance even though it is below a majority of the apartments.
Architecture and unit composition
The apartment mix runs from compact studios to larger two-bedroom and combined homes. The smaller layouts have traded with interiors in the low-to-mid hundreds of square feet, while larger apartments offer more than twice that area. The range of total purchase prices follows these differences in usable interior space.
Private balconies appear in part of the inventory. In-home laundry is another recurring feature. Larger living rooms and multiple-bedroom plans occupy a different part of the market from the compact apartments, even when their floor levels are similar.
The common outdoor areas include a lower deck and roof-level space. Their elevations create different settings for use: one is closer to the surrounding street and building mass, while the roof is above more of the immediate neighborhood. Access to shared outdoor space is part of the building's amenity structure; private balcony ownership depends on the apartment.
The Attorney General accepted the condominium filing in December 2010 and recorded effectiveness in May 2011. The filing included 83 residential interests and a substantial separate parking component. The parking interests help explain why counts of total condominium interests can greatly exceed the apartment count.
Building operations
The Yard's staffed entrance, lounge, fitness room and outdoor facilities require a broader common operation than an unstaffed condominium. Parking and bicycle storage add practical utility, while package facilities support the day-to-day use of a staffed building.
The residential lots are in Tax Class 2 and a commercial lot is in Class 4. DOF identifies both residential 421-a and commercial ICIP/ICAP benefits beginning in 2013, each with a 15-year term and active on the 2027 roll. The commercial benefit should not be treated as the residential apartment's tax exemption. Residential buyers need to distinguish the remaining 421-a benefit from the ongoing common-charge budget.
The M1-5/R8A zoning places the property within the Special Long Island City District. Built FAR is below the stated residential maximum, but that gap on paper doesn't mean a development program is actually available. The condominium's existing structure and legal rights determine what can actually be done with the property.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
| Credit Check FeePer applicantPaid to management | Paid by Buyer | When With the application | Amount $150 per applicant/adult applicant | Refundable Non-refundable |
| Major/Minor AlterationsConditionalConditions: If ApplicablePaid to the building | Paid by Seller | When Upon approval | Amount $750 for major alterations, $300 for minor alterations | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In DepositPaid to the building | Paid by Buyer | When With the application | Amount $1,500 | Refundable Refundable |
| Move-Out DepositPaid to the building | Paid by Seller | When With the application | Amount $1,500 | Refundable Refundable |
Rental or lease
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Tenant | When With the application | Amount $550 | Refundable Non-refundable |
| Credit Check FeePer applicantPaid to management | Paid by Tenant | When With the application | Amount $150 per applicant/adult applicant | Refundable Non-refundable |
| Major/Minor AlterationsConditionalConditions: If ApplicablePaid to the building | Paid by Landlord | When Upon approval | Amount $750 for major alterations, $300 for minor alterations | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out DepositPaid to the building | Paid by Landlord | When With the application | Amount $1,500 | Refundable Refundable |
| Move-In DepositPaid to the building | Paid by Tenant | When With the application | Amount $1,500 | Refundable Refundable |
Lease renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Tenant | When With the application | Amount $225 | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $372 per room a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $1.78 per square foot a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Part-time doormanSource: recent listing records
- Concierge
- YesSource: recent listing records
- Attended lobby
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Fitness room, residents' lounge, bike storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $5,596/yr
- Per unit / month range
- $0 – $6
- Modeled exposure split equally across 83 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 30, 2026 | 11C | 1 BR · 1 BA · 674 sf | $910,000 | $1,350/sf | -3.7% |
| Jun 9, 2026 | 8G | 1 BR · 1 BA · 708 sf | $905,000 | $1,278/sf | -2.6% |
| Mar 19, 2026 | 10F | 2 BR · 2 BA · 1,107 sf | $1,365,000 | $1,233/sf | -8.7% |
| Jan 6, 2026 | 11B | 2 BR · 2 BA · 954 sf | $1,256,000 | $1,317/sf | -3.3% |
| Jan 23, 2025 | 10E | 2 BR · 2 BA · 993 sf | $1,315,000 | $1,324/sf | -4.0% |
| Oct 5, 2023 | 8I | 1 BR · 1 BA · 787 sf | $940,000 | $1,194/sf | -4.6% |
| Jul 19, 2023 | 3DE | 3 BR · 2 BA · 1,391 sf | $1,795,000 | $1,290/sf | +0.0% |
| May 23, 2023 | 10A | 2 BR · 2 BA · 1,115 sf | $1,375,000 | $1,233/sf | +0.0% |
Market read. Most recent trades (2026 to date) cleared a median $1,035/sf (floor-adjusted) across 4 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 2.7% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 4-00016-7502; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at The Yard, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 60 | $3,325 |
| 1 bedroom | 168 | $4,133 |
| 2 bedroom | 87 | $6,144 |
| 3 bedroom | 17 | $7,665 |
332 closed leases, October 2023 to September 2026. Most recent lease September 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at The Yard and nearby.
At the recent median sale of $1.26M (5 sales in the past 24 months, since November 12, 2024), a buyer putting 25% down would pay about $55,127 to close, or 4.4% of the price.
- Mansion tax: $12,560
- Mortgage recording tax: $18,134
- Title insurance: $5,652
- Attorneys, lender, building fees, reserves and filings: $18,782
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Single-owner concentration affects financing. The 28-apartment position can enter a lender's project review even for a loan on an individually owned resale. Apartment count is not necessarily voting percentage, so that ownership figure also should not be substituted for the voting allocations in the condominium documents.
Comparable buildings
- L Haus: a Hunters Point condominium with substantial common outdoor space and a mid-rise apartment mix.
- The View: a waterfront condominium for comparing river-facing exposure and the scope of services.
- Galerie: a Court Square condominium offering extensive indoor amenities in an inland location.
- 5 Court Square West: a smaller condominium alternative centered on Court Square transit access.
- Arris Lofts: a conversion with loft proportions for buyers comparing interior volume against newer waterfront-area construction.
More Long Island City buildings
- The Neighborly, 37-14 34th Street — 2019 condominium
- The Sunswick, 37-29 32nd Street — 2019 condominium
- The Vista, 44-15 Purves Street — 2012 condominium
- Tower 39 LIC, 28-09 39th Avenue — condominium
- Vere, 26-26 Jackson Avenue — 2007 condominium
- Vernon 2, 5-28 47th Avenue — condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Long Island City.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Yard?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com