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The Powerhouse Condominium

The Powerhouse Condominium

The Powerhouse Condominium
Condominium Building Complex
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

50-09 2nd St,
Long Island City, NY 11101
177 Units
11 Stories
2008 Year Built
$1.5M Value Range

Available Units

For Sale
For Rent

Highlights

  • Concierge
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • On-Site Retail
  • Rooftop Deck
  • River View
  • 3 min walk to Hunter's Point South Park

A Pioneer in Hunters Point with an Industrial Past

Converted in 2008 from the Pennsylvania Railroad Power Station designed by celebrated firm McKim, Mead & White, the Hunters Point 11-story, 177-unit Powerhouse Condominium was a pioneering project in what is now a neighborhood rife with luxury residential towers.

Powerhouse resident Barbara Etzel is similarly trail-blazing; she moved into the building in 2009, leaving a Gramercy Park home behind. "We did an exhaustive search. We looked at about 60 apartments,” she says, naming the neighborhood’s then-sleepy nature as part of the condo’s appeal. “There would be four people on the train going into the city and 10 people on the train coming back.” Fifteen years later, Hunters Point is bustling with activity but still offers relative calm and community. “Even now, you get to Long Island City [from Manhattan], and it’s much less crowded,” says Etzel. “And it feels like more of a neighborhood.”

The building’s 1909 brick facade, which distinguishes it from its many glass-and-steel neighbors, almost didn’t survive. Initial plans from CGS Developers and Zigmond Brach included razing the entire structure. Ultimately, the building’s four iconic smokestacks — which some deemed an eyesore and others wanted landmarked — made way for a four-story rooftop addition. Architect Karl Fischer and designer Andres Escobar preserved many of the former station’s industrial elements, such as expansive interior space and exposed brick, and combined them with polished concrete floors and white glass panels for a contemporary feel.

Studios to three-bedrooms including some lofts

Homes at The Powerhouse include studio to three-bedroom apartments. Studios up to 1,009 square feet (the largest including a loft sleeping area) list for between $750,000 to $1.2 million. One-bedrooms as large as 1,232 square feet ask about $840,000 to $1.2 million, and two-bedrooms measuring up to 2,000 square feet list for as much as $2.2 million. Three-bedrooms up to 2,249 square feet list for $2.1 million and up. Homes feature open plan layouts, oversized windows, ceilings measuring 10 feet high or more and walnut floors. Kitchens include stainless steel appliances and quartz countertops and baths are spacious. Apartments include a Bosch washer and dryer. Select homes offer private outdoor spaces and large arched windows.

Close to shopping, transit and two large waterside parks

Grocery shopping can be done next door at Urban Market, and popular nearby restaurants and bars include American Brass, Casa Enrique and Fifth Hammer Brewing Company. Along the river, Hunters Point South Park and Gantry Plaza State Park offer panoramic views, playgrounds, dog runs, walking and biking trails, athletic facilities and open green space. MoMA’s PS 1 can be reached in 15 minutes on foot, and the Sculpture Center is a few blocks north of PS 1.

Long Island City's allure is undeniable, with The Powerhouse Condominium at its epicenter. The neighborhood brims with cultural hotspots such as MoMA's P.S. 1 and a plethora of waterfront parks that provide a serene escape from the urban bustle. Bars, shops, and an array of restaurants cater to every taste, while nearby luxury retailers and gourmet markets like Azure Gourmet and Market On Kent offer high-end shopping and fine foods. For those seeking relaxation and self-care, the Dermaluxe Laser Spa and Green Point Spa are just a stone's throw away.

Minutes to midtown by subway, plus a ferry stop and a LIRR terminal

It’s a quick commute to Midtown from The Powerhouse. The 7 train at Vernon-Boulevard-Jackson Avenue arrives at Grand Central in about 15 minutes. The G train is at 21st Street and 47th Road, and the E and M trains stop at Court Square-23rd Street. The East River Ferry services nearby Hunters Point South with stops at East 34th Street, Greenpoint, Williamsburg, DUMBO and Wall Street’s Pier 11. Cars have easy access to the Queens-Midtown Tunnel and Interstate 495, which connects to Interstate 278. The Long Island Rail Road’s Main Line and Montauk Branch depart from the Long Island City terminal one block away.

Available Units

Building Details

Views

  • River
  • City

Recreation

  • Community Spa

Amenities

  • Concierge
  • Rooftop Deck
  • On-Site Retail
  • Sauna
  • Game Room
  • Children's Playroom
  • Lounge
  • Laundry Facilities

Parking

  • Garage
  • On-Site Parking

Condo Association

  • $1,204 Monthly HOA Fees
  • Monthly HOA Fees Range from $640 - $2,177
  • Powerhouse Condos
  • Long Island City Subdivision

Building Design

  • High-Rise Condominium

Unit Features

  • Laundry in unit
  • Washer Hookup

Unit Information By Building

Unit
902
913
Beds
1 Bed
2 Beds
Baths
1 Bath
2 Baths
Sq Ft
791
1,187
Price
$980,840
$1,560,000
Price / Sq Ft
$1,240 / Sq Ft
$1,314 / Sq Ft
List Date
02/06/2025
02/10/2025

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
613 - 1,285
Est. Values
$1,469,116
2 Bedroom Units
Sq Ft Range
956 - 2,000
Est. Values
None Available
3 Bedroom Units
Sq Ft Range
1,622 - 2,572
Est. Values
None Available
4 Bedroom Units
Sq Ft Range
2,322
Est. Values
None Available
All Units
Sq Ft Range
613 - 2,572
Est. Values
$1,469,116

Map

Area Factors

Moderate Crime

Crime Score®

6 / 10

Very Bikeable

Bike Score®

83 / 100

Walker's Paradise

Walk Score®

95 / 100

Rider's Paradise

Transit Score®

100 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

68 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$38K
Range of Taxes in Building
$4,779
Range of Taxes per Sq Ft
$5.37

Property Tax History

Source: Public Records

Building Team

Developer
Ascent Development, LLC
Property Management
Douglas Elliman
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.