• 2,250 Sq. Ft. Lot Zoned M1-5/R7-3
• 11,250 BSF As-Of-Right
• Delivered Vacant
• Near Court Sq. 23rd St/Queensboro Plaza Subway Stop
• Waived Parking Requirements
• Surrounded by Condo Buildings Exceeding $1,500/SF Sellouts

Landair Advisors has been retained as the exclusive agent to
arrange the sale of 42-40 Crescent St, Long Island City, NY 11101. 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.