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Flex Warehouse with Office
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38-17 Crescent St, Long Island City, NY 11101

A combined ground-floor warehouse and second-floor executive office suits tenants needing space and efficiency in Long Island City.

Property Size9,800 SF
Days on Market102

Property Features for 38-17 Crescent St

General Information

Standard status Active
Size 9,800 SF
Property subtype Industrial
Zoning M1-2 / R5D, LIC

Warehouse & Industrial

Clear Height 13 ft
Drive-In Doors 2
Sprinkler System Yes

Building Details

Year Built 1987
Stories 2
Listing Agency: DY Realty Group
Listed By: Ranee Jaber · License #10301219581
Source: Crexi
Added: May 28 Changed: Aug 16 Last Checked: Sep 3 at 10:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DY Realty Group

Investment Insights

Based on property information with market context.

This flex-style property totals 9,800 SF and combines a 5,500 SF warehouse on the ground floor with 4,300 SF of executive office space on the second floor. The warehouse features 13’ ceiling height, gas heat, and a wet sprinkler system, supported by 400 amps of power. Loading is handled through two drive-in doors, making the layout practical for light industrial operations or logistics-oriented users.

The building is centrally located in Long Island City, Queens, and is described as blocks from the 59th Street Bridge. It offers access to the LIE, BQE, Midtown Tunnel, and Tri-boro Bridge, with multiple subway lines within a half mile, including the 7, N, W, and F.

For prospective buyers or tenants, the split configuration supports a workplace model where staff and management can be housed on-site while operations run from the warehouse floor. The combination of warehouse utilities, drive-in loading, and dedicated office space can be particularly useful for companies seeking one building to accommodate both production or storage and day-to-day administrative functions.

Key Highlights

  • 9,800 SF building (1987) with 5,500 SF ground‑floor warehouse and 4,300 SF 2nd‑floor executive office space
  • Warehouse includes 13’ ceiling height, gas heat, and wet sprinkler system
  • Warehouse power includes 400 amps, with loading through 2 drive‑in doors

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Parking Lot & Garage Furniture & Home Goods Acupuncture Nursing Home Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13 ft
Clear height
2
Drive-in doors
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

1,987
Businesses Nearby
Under-served
Demand for This Use

Demographics for 11101, NY

48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - A combined ground-floor warehouse and second-floor executive office suits tenants needing space and efficiency in Long Island City.
Where is this flex space located?
The property is located at 38-17 Crescent St Long Island City, NY.
What are key features of this property?
This property features: 9,800 SF building (1987) with 5,500 SF ground‑floor warehouse and 4,300 SF 2nd‑floor executive office space; Warehouse includes 13’ ceiling height, gas heat, and wet sprinkler system; Warehouse power includes 400 amps, with loading through 2 drive‑in doors
(718) 729-7474 Call to check price and availability
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