Vernon 2
5-28 47th Avenue, between Fifth Street and Vernon Boulevard, Queens · Long Island City
Long Island City, Queens
BBL 4000297505 · BIN 4618264
- Type
- Condominium
- Amenities
- Roof deck with grilling facilities, video entry and storage
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
Every recorded sale at this building, 2015–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,250
- floor-adjusted, 1 sale
- Listing discount
- 0.5%
- Recorded sales
- 32
- On record
- 2015–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Vernon 2 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.
About the building
Vernon 2 is the middle building in the three-building Vernon development on 47th Avenue. Its reclaimed-brick exterior and large divided windows draw on the area's industrial architecture. The project was under construction in 2017, launched sales in 2018 and began individual closings in 2019. Each of the three buildings contains six residences.
The layouts include lower duplexes, single-level one-bedroom homes and upper two-bedroom duplexes with terraces. Central heating and cooling and in-unit laundry were part of the original fit-out. A rooftop deck adds shared outdoor space above the four-story structure.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $392 per room a monthMedian of 10 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $1.44 per square foot a monthMedian of 10 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
- Amenities noted
- Roof deckSource: 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 transfers 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 |
|---|---|---|---|---|---|
| Sep 10, 2026 | 3A | 2 BR · 2 BA · 1,056 sf | $1,320,000 | $1,250/sf | -9.0% |
| May 13, 2025 | 3A | 2 BR · 2 BA · 1,040 sf | $1,395,000 | $1,341/sf | +0.0% |
| Nov 26, 2024 | 1A | 1 BR · 1.5 BA · 797 sf | $849,000 | $1,065/sf | -5.6% |
| Nov 1, 2024 | 3B | 2 BR · 2 BA · 1,073 sf | $1,466,280 | $1,367/sf | +1.8% |
| Oct 31, 2024 | 3A | 2 BR · 2 BA · 1,060 sf | $1,425,000 | $1,344/sf | +0.0% |
| Oct 24, 2024 | 2A | 1 BR · 1 BA · 656 sf | $896,060 | $1,366/sf | +1.8% |
| Oct 24, 2024 | 2B | 1 BR · 1 BA · 674 sf | $903,187 | $1,340/sf | -0.5% |
| May 1, 2024 | 2B | 1 BR · 1 BA · 652 sf | $875,000 | $1,342/sf | +0.0% |
Market read. Most recent trades (2026 to date) cleared a median $1,250/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 0.5% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
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 4-00029-7505). 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 on co-ops is not officially recorded, figures shown are approximate.
Closed rents at Vernon 2, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 20 | $3,716 |
| 1 bedroom | 53 | $4,107 |
| 2 bedroom | 12 | $5,616 |
85 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 Vernon 2 and nearby.
At the recent median sale of $1.32M (3 sales in the past 24 months, since November 12, 2024), a buyer putting 25% down would pay about $57,450 to close, or 4.4% of the price.
- Mansion tax: $13,200
- Mortgage recording tax: $19,058
- Title insurance: $5,940
- Attorneys, lender, building fees, reserves and filings: $19,252
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
Vernon 2 has its own six-lot condominium identity within the larger development. Its owners fund the obligations assigned to that condominium, including its share of roof and exterior upkeep. Lenders may give a six-residence project additional scrutiny; ownership and expense allocations should be evaluated at this building's level.
Comparable buildings
- L Haus: A substantially larger nearby condominium for comparing shared facilities and association scale.
- 5 Court Square West: A newer condominium offering a taller building form and broader residential inventory.
- Arris Lofts: An industrial conversion for comparing original loft construction with Vernon 2's industrial-inspired design.
More Long Island City buildings
- The Sunswick, 37-29 32nd Street — 2019 condominium
- The Vista, 44-15 Purves Street — 2012 condominium
- The Yard, 2-26 50th Avenue — 2010 condominium
- Tower 39 LIC, 28-09 39th Avenue — condominium
- Vere, 26-26 Jackson Avenue — 2007 condominium
- View 59, 24-15 Queens Plaza North — by Karl Fischer Architects
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Long Island City.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
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 Vernon 2?
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