The Galaxy
5-03 50th Avenue, at Fifth Street · Long Island City
Long Island City, Queens
BBL 4000327501 · BIN 4532187
- Year built
- 2006
- Type
- Condominium
- Amenities
- Elevator, shared roof deck, garage, bicycle storage and virtual doorman
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Pets
- Pets permitted; species and limits not stated
- Doorman
- Virtual doorman
Every recorded sale at this building, 2007–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,151
- floor-adjusted, 1 sale
- Listing discount
- 1.2%
- Recorded sales
- 26
- On record
- 2007–2026
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.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Own an apartment here? Request an apartment-specific pricing review.
Building staffing and amenities
- Doorman
- Virtual doormanSource: The Roebling Team's building profile
- Virtual or video entry
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Roof deck, garage, 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
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →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 |
|---|---|---|---|---|---|
| May 6, 2026 | 2C | 1 BR · 1 BA · 847 sf | $975,000 | $1,151/sf | -2.0% |
| Feb 15, 2024 | 2D | 3 BR · 2 BA · 1,959 sf | $2,350,000 | $1,200/sf | -2.0% |
| Feb 15, 2024 | 2B | 1,023 sf | $2,350,000 | $2,297/sf | — |
| 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% |
| Aug 9, 2022 | 5B | 3 BR · 2 BA · 1,598 sf | $1,950,000 | $1,220/sf | -2.4% |
| Nov 14, 2018 | 2A | 1 BR · 1 BA · 933 sf | $1,075,000 | $1,152/sf | +0.0% |
| Oct 26, 2018 | 3B | 2 BR · 1,206 sf | $1,395,000 | $1,157/sf | +0.0% |
Market read. Most recent trades (2026 to date) cleared a median $1,151/sf (floor-adjusted) across 1 sale. 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 1.2% 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; 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 Galaxy, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 8 | $3,150 |
| 2 bedroom | 9 | $3,950 |
| 3 bedroom | 2 | $4,808 |
19 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 Galaxy and nearby.
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.
Keep up with The Galaxy and its market
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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
- Star Tower LIC, 27-17 42nd Road — 2016 condominium
- The Dutch, 25-19 43rd Avenue — 2015 condominium
- The Dutch Collection, 33-10 38th Avenue — condominium
- The Gantry, 48-21 5th Street — 2005 condominium
- The Harrison, 27-21 44th Drive — 2015 condominium
- The Icon, 25-08 43rd 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 Galaxy?
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