The Galaxy
5-03 50th Avenue, at Fifth Street · Long Island City
BBL 4000327501 · BIN 4532187
- Year built
- 2006
- Type
- Condominium
- Landmark
- No
- Amenities
- Elevator, shared roof deck, garage, bicycle storage and virtual doorman
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,151
- Listing discount
- 2.0%
- Recorded sales
- 41
- On record
- 2004–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Galaxy 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 Galaxy combines twelve condominiums with a shared roof deck and garage at Fifth Street and 50th Avenue. Its apartments have high ceilings and oversized windows, with private balconies or terraces on selected plans. The location places the building between the Vernon Boulevard subway corridor and the waterfront parks.
The condominium was sponsored by JSL Realty Holdings II. Its offering was accepted in September 2006 and became effective in March 2007. It belongs to the earlier phase of Long Island City's condominium development, with a small residential inventory and an established resale market.
Architecture and unit composition
The apartments include one-bedroom homes, larger two-bedroom plans and three-bedroom configurations. Ceiling heights of about eleven feet and oversized windows give the living rooms substantial vertical volume. Open kitchens connect to dining and living areas.
Private outdoor spaces include balconies and terraces. Shared roof access provides outdoor space for the building as a whole, including homes without a private terrace. The roof deck has skyline views across the surrounding lower buildings.
Interior systems include in-unit laundry and individual boilers in the original apartment fit-outs. Mahogany floors and large window openings remain recurring features of the original design.
Building operations
The building has an elevator, virtual doorman and bicycle storage. Garage parking is offered separately from the residential apartments. The largest single owner holds two of the twelve homes, or about 17% of the residential inventory.
The 421-a benefit has ended. The residential lots now carry the tax treatment of a Class 2 condominium without that new-construction exemption. The single commercial-classified lot is separate from the twelve residential tax lots.
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 |
|---|---|---|---|---|---|
| Aug 4, 2026 | — | 6 BR · 6 BA · 5,190 sf | $4,600,000 | $886/sf | -7.1% |
| May 6, 2026 | 2C | 1 BR · 1 BA · 847 sf | $975,000 | $1,151/sf | -2.0% |
| Feb 15, 2024 | 2B | 1,023 sf | $2,350,000 | $2,297/sf | off-mkt |
| Feb 15, 2024 | 2D | 3 BR · 2 BA · 1,959 sf | $2,350,000 | $1,200/sf | -2.0% |
| Jun 27, 2023 | — | 2,200 sf | $1,650,000 | $750/sf | off-mkt |
| Dec 9, 2022 | — | 2,625 sf | $2,150,000 | $819/sf | off-mkt |
| Sep 28, 2022 | 4C | 2 BR · 1 BA · 1,127 sf | $1,225,000 | $1,087/sf | +0.0% |
| Aug 30, 2022 | 4B | 2 BR · 2 BA · 1,206 sf | $1,432,500 | $1,188/sf | -1.2% |
Market read. Most recent trades (2026) cleared a median $1,151/sf across 1 sale. Median listing discount 2.0% 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 4-00032-7501) 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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Comparable buildings
- L Haus — A larger contemporary condominium near the same Hunters Point transit corridor, with more extensive common facilities.
- The View — A waterfront condominium alternative for comparing river-facing towers with an interior-block low-rise.
- Galerie — A newer, larger condominium centered on an expanded amenity program.
- Arris Lofts — An industrial conversion offering another route to tall ceilings and broad living spaces in Long Island City.
More Long Island City buildings
- Queens Plaza Condominium, 41-26 27th Street — 2004 condominium
- Star Tower LIC, 27-17 42nd Road — 2016 condominium
- The Dutch, 25-19 43rd Avenue — 2015 condominium
- 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 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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