3836 Crescent St - Warehouse FOR SALE


Long Island City, NY 11101- LIC
$3,950,000 USD
516-607-7722
3836 Crescent St, Long Island City, NY for Sale
$3,950,000 USD
Warehouse - FOR SALE
1/11
null | Request Cap Rate

3836 Crescent St
Long Island City, NY 11101
LIC


OVERVIEW

Berkshire Hathaway Commercial Services is proud to present this rare owner-user or development opportunity in the heart of Long Island City. This versatile 7,000 SF building is being sold along with the 2,500 SF yard directly next to it, both zoned M1-2/R5D/LIC, allowing for a 2.0 FAR as-of-right or up to 4.8 FAR for community facility use. The property is vacant, offering flexibility for immediate occupancy or redevelopment. The building features approximately 2,500 SF ground-floor warehouse with 14-foot ceilings and a large bay door. The warehouse also features 2 offices, a storage room, and 2 bathrooms. On the second story, there is 2,000 SF of Class A office space, which was completely redone in 2023. This space features 2 more bathrooms, one of which has a shower, a private conference room, as well as a kitchen area. Here you’ll find direct access to an outdoor patio area, providing a beautiful view of the New York City skyline. The building also includes 2,500 SF of high-ceiling basement for additional storage or workspace. As mentioned previously, the property also boasts a 2,500 SF side yard — a highly desirable feature in this area — ideal for private parking, loading or developing. The dimensions of the yard are 25ft x 100ft. Additional highlights include gas heat, excellent light throughout, and sweeping Manhattan views, as well as a new roof that was renovated only 2 years ago. Just minutes from the Queensboro Bridge and Midtown Manhattan, this property offers an exceptional location for any trade or business seeking proximity to the five boroughs. Alternatively, the site provides excellent development potential for mixed-use or community facility projects. Long Island City continues to be one of New York’s fastest-growing neighborhoods, defined by its mix of residential towers, creative workspaces, and a vibrant scene of art galleries, restaurants, and nightlife — making this an exceptional opportunity in a thriving urban market. Please contact us today for more details on this opportunity.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$564 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11

LAND SF

5,000

ZONING

M1-2 / R5D / LIC

APN/PARCEL ID

00388-0025,00388-0026

ASK ABOUT THIS PROPERTY

Guy CanzoneriBerkshire Hathaway CommercialMore Info
516-607-7722

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Guy CanzoneriBerkshire Hathaway CommercialMore Info
516-607-7722

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.