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Residence 1H at The Foundry Condominium (2-40 51st Avenue) is a standout two-bedroom, two-bathroom home with dramatic 16'6" ceilings that create an immediate sense of scale, light, and flexibility for living and entertaining.
The kitchen is outfitted with a high-quality appliance package, including a Miele dishwasher, Liebherr refrigerator, and Jenn-Air gas range with convection oven and broiler. A newly installed Kohler hands-free faucet (November 2025) adds a modern touch. The home also features an in-unit washer and dryer, including a brand new Asko washer (November 2025) and ventless Asko dryer.
The Foundry is a well-run condominium offering flexibility for both end-users and investors. Amenities include a fitness center just down the hall, a private rooftop cabana, virtual doorman service, a hands-on superintendent, and a landscaped common courtyard.
A parking garage with dedicated storage and EV charging stations is available (not included in the purchase price).
Perfectly positioned near the Long Island City waterfront, you're moments from Gantry Plaza State Park and the best of Vernon Boulevard's restaurants, cafes, and everyday conveniences. The new Vibe Fitness is right around the corner.
Commuting is easy with the 7 train at Vernon Blvd-Jackson Ave, the G train at 21st Street, and the NYC Ferry all nearby, offering quick access to Midtown Manhattan and beyond.
Loft-like volume, strong amenities, and a prime LIC location-Residence 1H checks every box.
Photos are virtually staged.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$1,395,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,116,000 | $1,116,000 | $1,116,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,337 | $6,871 | $9,417 |
| Total Monthly Payment | $6,462 | $6,996 | $9,542 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.