The Gantry
48-21 5th Street, also 5-15 49th Avenue, at 49th Avenue, Queens; Long Island City
BBL 4000317501 · BIN 4533602
- Year built
- 2005
- Type
- Condominium
- Landmark
- No
- Amenities
- Part-time doorman, live-in superintendent, fitness center, residents' lounge, shared roof deck and garage
Every recorded sale at this building, 2006–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,264
- Listing discount
- 0.0%
- Recorded sales
- 81
- On record
- 2006–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Gantry 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 Gantry is a 47-residence condominium from the earlier wave of Hunters Point's residential development. Gerner Kronick + Valcarcel designed the six-story building with a precast-concrete structural system and a façade combining rough stone-textured cladding with pressed metal tiles. Deep balconies and terraces break up the exterior.
The Milestone Group and DevCon Partners developed the project. Its apartment mix includes compact homes, larger two- and three-bedroom layouts and duplexes at both the lower and upper portions of the building. The form provides a considerable range of private outdoor arrangements within a relatively small condominium.
The corner address lies near the East River parks and the Vernon Boulevard–Jackson Avenue subway station. The building's own common roof deck and lounge supplement that location with shared spaces inside the property.
Architecture and unit composition
The architect specified a precast-concrete structural system clad with roughcast Chapel Stone and Zalmag pressed metal tiles. That material combination gives the façade texture and a metallic surface while allowing broad window openings. The gray-toned exterior and projecting outdoor spaces are recognizable parts of the design.
The original apartment mix includes studios, one-, two- and three-bedroom homes. Ground-floor duplexes add internal stairs and larger footprints, while upper duplexes can connect a principal living floor with roof-level space. The largest recorded homes extend substantially beyond the ordinary one-bedroom inventory.
Ceilings around nine feet or higher, oversized windows and open kitchens recur in the layouts. In-unit laundry is present in documented residences. Larger corner homes can have bedrooms with more than one exposure, and two-bedroom configurations include plans with two full bathrooms.
Private outdoor areas range from balconies to terraces extending over hundreds of square feet. Some upper duplexes combine a balcony with a separate roof terrace. Those two outdoor levels can serve different uses and require circulation through different parts of the apartment.
Documented penthouse interiors extend beyond 1,500 square feet, with substantial additional outdoor area in some cases. Ground-floor duplexes provide another large-home category, but their access, outlook and distribution over levels differ from the upper duplexes. The overall floor area alone does not describe those distinctions.
Building operations
The Gantry has a part-time doorman and a live-in superintendent. A fitness center, residents' lounge and landscaped common roof deck form the principal shared amenities. On-site garage parking is separate from the right to occupy an apartment unless a parking interest is included in the sale.
The condominium includes 47 residential tax lots and 29 nonresidential lots. The largest residential owner holds two apartments, approximately 4% of the inventory. The individual residential ownership is dispersed, with the common facilities managed at the condominium level.
The original 421-a benefit has expired. DOF records a 15-year term beginning in 2009, with the last active benefit on the 2024 roll. Current carrying-cost comparisons must therefore use the post-abatement tax position.
The private terraces and common roof deck share the upper building envelope, even where their use is allocated differently. Waterproofing, drainage and access for repairs are especially relevant to the upper duplexes and roof-level areas. The metal-and-stone façade also requires maintenance appropriate to its actual materials and connections.
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 |
|---|---|---|---|---|---|
| Jun 4, 2026 | 2L | 2 BR · 2 BA · 1,068 sf | $1,350,000 | $1,264/sf | -9.1% |
| Feb 1, 2023 | 5H | 3 BR · 3 BA · 1,583 sf | $2,325,000 | $1,469/sf | -5.1% |
| Jan 24, 2023 | 2A | 2 BR · 2 BA · 1,114 sf | $1,380,000 | $1,239/sf | +6.2% |
| Aug 30, 2022 | PH5G | 3 BR · 2 BA · 1,686 sf | $2,275,000 | $1,349/sf | -10.8% |
| Jun 16, 2022 | 5C | 2 BR · 2 BA · 1,268 sf | $1,725,000 | $1,360/sf | +0.0% |
| Feb 12, 2021 | 1B | 2 BR · 2 BA · 1,268 sf | $1,305,000 | $1,029/sf | -12.7% |
| Jan 6, 2021 | 2K | 2 BR · 2 BA · 1,135 sf | $1,190,000 | $1,048/sf | -13.5% |
| Sep 25, 2020 | 2G | 1 BR · 1 BA · 785 sf | $940,000 | $1,197/sf | -5.9% |
Market read. Most recent trades (2026) cleared a median $1,264/sf across 1 sale. Median listing discount 0.0% from the last 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 4-00031-7501) 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
The abatement is over. Older sale histories and marketing can reflect a materially different tax burden from the current one. For this building, the completed 421-a term is an established fact; compare the apartment's present taxes and any separately held parking interest with the full cost of other ownership options.
Comparable buildings
- L Haus — A larger contemporary Hunters Point condominium with significant shared outdoor space.
- The View — A waterfront condominium offering a taller, more extensively serviced alternative.
- 5 Court Square West — A contemporary condominium with a broadly comparable inventory in a taller form.
- Galerie — A larger condominium with a broader amenity program and contemporary interior planning.
- Arris Lofts — A substantial conversion whose loft interiors and shared facilities provide a different route to larger condominium space.
More Long Island City buildings
- Star Tower LIC, 27-17 42nd Road — 2016 condominium
- The Dutch, 25-19 43rd Avenue — 2015 condominium
- The Galaxy, 5-03 50th Avenue — 2006 condominium
- The Harrison, 27-21 44th Drive — 2015 condominium
- The Industry, 21-45 44th Drive — 2010 condominium
- The Monarch, 47-05 5th Street — 2015 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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