Assignments

Boutique LIC Development Site

39-39 Crescent St, Long Island City, NY 11101

39-39 Crescent St, Long Island City, NY 11101

under contract

Asking
Sale Price
$
1800000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
1800000
Sale Price
$
Buildable SF
5046
Building SF
5046
LOT SF
5046
Cap RATE
%
Zoning
M1-2/R5D

Highlights

  • Prime Dutch Kills / Long Island City location
  • 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

Property DEscription

39-39 Crescent Street is an exceptional development opportunity in the heart of Dutch Kills, one of Queens’ most vibrant and rapidly transforming neighborhoods. Situated on a 2,523 SF lot within an M1-2/R5D LIC zoning district, the property offers approximately 5,046 SF of buildable area, ideal for residential, mixed-use, or community facility development.Currently improved with a recently gut-renovated 1,750 SF single-family building, the property will be delivered vacant, allowing for immediate redevelopment. Located just minutes from subway lines and major transportation hubs, the site provides excellent access to Manhattan, Brooklyn, and surrounding boroughs.Its 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 growth of Long Island City.

Map

Dean Abouelhassan
Senior Associate
(516) 532-5385
DA@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(646) 559-4700
AM@landairnyc.com

Documents

Offering Memorandum
Data Room

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