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Long Island City Flex Space
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38-17 Crescent Stree, Long Island City, NY 11101

9,800 SF flex space in Long Island City.

Space Size4,300 SF - 5,500 SF
Property Size9,800 SF
Days on Market80

Property Features for 38-17 Crescent Stree

General Information

Standard status Active
Size 4,300 SF - 5,500 SF
Property subtype Office, Industrial

Building Details

Building Size 9,800 SF
Year Built 1987
Tenancy Multiple

Spaces For Lease

at 38-17 Crescent Stree Contact us

Ground Floor

Size
5,500 SF
Type
Industrial, Office
Availability
Active
Contact us

Second Floor

Size
4,300 SF
Type
Industrial, Office
Availability
Active
Contact us
Listing Agency: DY Realty Group
Listed By: Ranee Jaber · License #10301219581
Source: Crexi
Added: May 23 Changed: Aug 8 Last Checked: May 27 at 7:51AM

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 9,800 square foot building in Long Island City, Queens, features a 5,500 square foot warehouse on the ground floor and 4,300 square feet of executive office space on the second floor. The warehouse includes a 13-foot ceiling height, gas heat, a wet sprinkler system, and 400 amps of power. Loading is facilitated by two drive-in doors. The property is centrally located in Long Island City, a few blocks from the 59th Street Bridge, with access to the Long Island Expressway, Brooklyn-Queens Expressway, Midtown Tunnel, and Tri-boro Bridge. Several subway lines, including the 7, N, W, and F, are less than half a mile away.

Key Highlights

  • Prime Location in Long Island City with exceptional access to major transportation arteries.
  • Close proximity to multiple subway lines (7, N, W, & F).
  • Substantial warehouse space (5,500 SF) with 13’ ceiling height, gas heat, wet sprinkler system, and 400 Amps of power.

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

NNN (Triple Net)
Lease Type

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

Lease Benchmarks for Long Island City, NY

$27.07 /SF/Yr
Avg Asking Price
$20–$34.62 /SF/Yr
Price Range
11,505 SF
Avg Space Size

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Flex space - 9,800 SF flex space in Long Island City.
Where is this flex space located?
The property is located at 38-17 Crescent Stree Long Island City, NY.
What are key features of this property?
This property features: Prime Location in Long Island City with exceptional access to major transportation arteries.; Close proximity to multiple subway lines (7, N, W, & F).; Substantial warehouse space (5,500 SF) with 13’ ceiling height, gas heat, wet sprinkler system, and 400 Amps of power.
(718) 729-7474 Call to check price and availability
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