$3,900,000

42-40 Crescent St Long Island City, NY 11101

Long Island City Neighborhood

Estimated payment $23,037/month

Total Views 7,557
-- Acre
-- Price per Acre
2,250 Sq Ft Lot

Highlights

  • Property is near public transit
  • 3-minute walk to Long Island City-Court Square
  • 4-minute walk to Court Square Park
  • P.S./I.S. 78Q Early Childhood Center Rated A

About This Lot

42-40 Crescent Street - This offering presents a rare opportunity to develop a residential project in one of Queen's most sought-after submarkets. The Property consists of a 2,250 square foot midblock lot with dimensions of 22.42 feet by 100 feet. Zoned M1-5/R7-3, the site allows for up to 11,250 square feet of residential floor area. The site also benefits from waived parking requirements due to its location within a Transit Zone. The surrounding area is characterized by newly built condominium buildings, with few remaining development sites available. Long Island City remains a high-demand market for new residential inventory, with condominium sellouts projected to exceed $1,300 per square foot.

Listing Agent

Dean Abouelhassan

Landair Property Advisors, LLC Listed on: 05/02/2025

Co-Listing Agent

Alexandre Goulet

Landair Property Advisors, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,977

Additional Features

  • 2,250 Sq Ft Lot
  • Property is near public transit

Community Details

  • Long Island City Community

Property Details

Property Type

Land

Est. Annual Taxes

$17,977

Lot Details

0

Listing Details

  • LandFrontageInFeet: 23
  • NearTrain: Yes
  • Number Of Stories: 0
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Long Island City
  • PropertyTownship: Queens
  • Prop. Type: Vacant Land
  • PropertyZipCode: 11101
  • PropertyZoneType: 100
  • SForSaleAndRForRental: S
  • USStateAbbreviation: NY
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Fireplaces: 0
  • Number of Rooms: 0
  • AboveArea Sq Ft: 0

Garage/Parking

  • Numberof Garage Spaces: 0

Utilities

  • Utilities: 0

Condo/Co-op/Association

  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 2250
  • Number Of Lots: 1

Multi Family

  • Unit Number of Bedrooms: 0
  • Total Taxes: 17977

Map

Range of Values:

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 For Sale $3,900,000 -- --
Source: NY State MLS

Source: NY State MLS

MLS Number: 11488666

NY State MLS

New York Queens County Long Island City 11101 Long Island City

42-40 Crescent St, Long Island City, NY

This home is located at 42-40 Crescent St, Long Island City, NY 11101 and is currently priced at $3,900,000. 42-40 Crescent St is a home located in Queens County with nearby schools including P.S./I.S. 78Q Early Childhood Center, I.S. 204 Oliver W. Holmes, and Long Island City High School.

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 to be accurate and should be independently verified.

NY State MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Dean Abouelhassan
Listing Agent
Dean Abouelhassan
Section Image
Landair Property Advisors, LLC
(347) 514-6420