The Monarch
47-05 5th Street, between 47th Avenue and 47th Road, Queens · Long Island City
BBL 4000297502 · BIN 4541432
- Year built
- 2015
- Type
- Condominium
- Landmark
- No
- Amenities
- Elevator, virtual doorman, gym, lounge, shared roof terrace, bicycle storage, garage and additional storage
Every recorded sale at this building, 2017–2024
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,581
- Listing discount
- -1.8%
- Recorded sales
- 24
- On record
- 2017–2024
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Monarch 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 Monarch is a 21-residence condominium near the Long Island City waterfront, with one-, two- and three-bedroom homes in a six-level building. Larger duplexes and terrace residences sit alongside compact one-bedroom apartments, giving this small association an unusually broad range of interior and outdoor areas. The project is part of Lions Group's completed portfolio.
The Attorney General accepted the new-construction offering in July 2016, and it became effective in September of that year. The original filing provided for 21 residences and eight parking units. The sponsor was 47-05 5th Street LLC, and the completed condominium opened in 2017.
The location places Gantry Plaza State Park and the waterfront nearby, with the Vernon Boulevard–Jackson Avenue subway station inland. The shared gym, lounge and roof terrace give the building communal facilities across a much smaller apartment count than the area's larger developments.
Architecture and unit composition
Newman Design / NDG Architect PC is credited with the building's design. Elevator access serves the residential levels. The apartment mix includes one-bedroom homes around 700 square feet, two-bedroom homes around 1,000 square feet and three-bedroom duplexes above 1,500 square feet.
The duplex inventory separates bedrooms and living areas across two levels. Some homes use an internal spiral stair, with a lower-level primary suite and living space above. That circulation is part of the apartment layout and occupies a different share of the interior from a single-level plan of similar stated area.
Upper residences include substantial private terraces. A two-bedroom home sold in 2024 with a terrace larger than its roughly 1,000-square-foot interior. The outdoor area is a separate component of the home and should remain separate from interior square footage in a sale presentation.
The common roof terrace is distinct from those private outdoor areas. In-unit washer/dryers are installed in apartments, and the larger residences include two-bath layouts. Interior finishes use open kitchens and wood floors, with the overall plan and outdoor allocation doing more to differentiate homes than a uniform finish package.
Building operations
The association maintains a gym, lounge, bicycle storage and shared rooftop facilities. Entrance service uses a virtual doorman system. The original offering included eight parking units, a smaller inventory than the 21 residences, so parking is an additional ownership interest available with only some homes.
DOF classifies the residential and nonresidential lots separately. The largest residential owner holds two apartments, about 10% of the inventory. The Attorney General's filing history identifies a non-sponsor-controlled board by 2025, marking a governance distinction from the original sales period.
The 421-a program began in 2013 and remains active on the 2027 roll. Its 15-year term should be evaluated separately from the condominium's later opening and sales dates. The start of the tax benefit precedes the first years of completed residential ownership.
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. 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 |
|---|---|---|---|---|---|
| Dec 6, 2024 | 602 | 2 BR · 2 BA · 1,012 sf | $1,600,000 | $1,581/sf | +0.0% |
| Dec 6, 2024 | PH602 | 2 BR · 2 BA · 1,012 sf | $1,600,000 | $1,581/sf | +0.0% |
| Nov 27, 2023 | 101 | 1,791 sf | $1,832,850 | $1,023/sf | off-mkt |
| Jul 14, 2022 | PH01 | 2 BR · 2 BA · 1,045 sf | $1,600,000 | $1,531/sf | +0.0% |
| Jun 8, 2022 | 405 | 2 BR · 2 BA · 1,027 sf | $1,300,000 | $1,266/sf | off-mkt |
| Apr 19, 2022 | 302 | 1 BR · 1 BA · 695 sf | $875,000 | $1,259/sf | +0.0% |
| Dec 8, 2020 | 501 | 1 BR · 1 BA · 701 sf | $750,000 | $1,070/sf | -6.1% |
| May 20, 2019 | 403 | 1 BR · 1 BA · 720 sf | $905,000 | $1,257/sf | +0.0% |
Market read. Most recent trades (2024) cleared a median $1,581/sf across 2 sales. Median listing discount -1.8% over ask.
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 4-00029-7502) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Distinguish private and common rooftop obligations. Several upper homes have substantial outdoor areas, while the condominium also operates a shared roof terrace. The apartment's documents should identify the private boundaries and the responsibility for surfaces, drainage and access to the common roof beneath them. The size of the private terrace can make that allocation consequential for an upper-floor purchase.
Comparable buildings
- The View: A larger waterfront condominium nearby for comparing outdoor space and service levels.
- L Haus: A larger condominium with extensive shared outdoor space and a broader residential mix.
- 5 Court Square West: A smaller modern condominium within the wider Long Island City ownership market.
- Galerie: A substantially larger recent condominium for comparing shared amenities and association scale.
- Arris Lofts: A loft conversion for buyers comparing large interiors and unusual plans with the duplex inventory here.
More Long Island City buildings
- The Gantry, 48-21 5th Street — 2005 condominium
- The Harrison, 27-21 44th Drive — 2015 condominium
- The Industry, 21-45 44th Drive — 2010 condominium
- The Neighborly, 37-14 34th Street — 2019 condominium
- The Sunswick, 37-29 32nd Street — 2019 condominium
- The Vista, 44-15 Purves Street — 2012 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.
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