39-39 Crescent Street - Multi-Family FOR SALE


Long Island City, NY 11101- LIC
$1,800,000 USD
646-559-4700
39-39 Crescent Street, Long Island City, NY for Sale
$1,800,000 USD
Multi-Family - FOR SALE
1/30
null | Request Cap Rate

39-39 Crescent Street
Long Island City, NY 11101
LIC


HIGHLIGHTS

  • Flexible M1-2/R5D, LIC zoning allowing residential, mixed use, or community facility development
  • 2,523 SF lot with approximately 5,046 buildable SF
  • Delivered vacant—ideal for immediate redevelopment
  • Excellent access to multiple subway lines and major transportation hubs
  • Surrounded by new residential and commercial projects in a rapidly growing neighborhood

OVERVIEW

39-39 Crescent Street is an exceptional development opportunity located in the heart of Dutch Kills—one of Queens’ most vibrant and rapidly transforming neighborhoods. Spanning a 2,523 SF lot within an M1-2/R5D, LIC zoning district, the property offers a total buildable area of approximately 5,046 SF, ideal for residential, mixed-use, or community facility development. The site is currently improved by an immaculate, recently gut renovated, 1,750 SF single-family building and will be delivered vacant at closing, providing a seamless path for immediate redevelopment. Situated just moments from multiple subway lines and major transportation hubs, the property offers excellent accessibility to Manhattan, Brooklyn, and the surrounding boroughs. It’s prime location, flexible zoning, and strong market fundamentals make 39-39 Crescent Street a compelling opportunity for investors and developers looking to capitalize on the continued growth of Long Island City.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$1,029 USD /SF

# OF UNITS

1

PRICE/UNIT

$1,800,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boutique Dutch Kills Development Site

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

M1-2/R5D, LIC

APN/PARCEL ID

00396-0005

ASK ABOUT THIS PROPERTY

Dean AbouelhassanLandair Property AdvisorsMore Info
646-559-4700

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Dean AbouelhassanLandair Property AdvisorsMore Info
646-559-4700

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