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Long Island City Retail Condominium
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42-60 Crescent St, Queens, NY 11101

Retail condominium in Long Island City with restaurant potential.

Space Size1,317 SF
Days on Market156

Property Features for 42-60 Crescent St

General Information

Standard status Active
Size 1,317 SF
Property subtype Retail, Restaurant

Building Details

Tenancy Single

Spaces For Lease

at 42-60 Crescent St Contact us

Available Space

Size
1,317 SF
Type
Restaurant, Retail
Availability
Active
Contact us
Listing Agency: PD Properties NYC
Listed By: Elad Dror · License #NY
Source: Crexi
Added: Mar 18 Changed: Aug 8 Last Checked: Aug 17 at 5:34AM

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 PD Properties NYC

Investment Insights

Based on property information with market context.

This retail condominium is located at the base of a residential building in Long Island City. The corner space offers high visibility and strong frontage, with the potential for outdoor seating. The property has been recently renovated and delivered turnkey for restaurant use. A fully equipped, vented kitchen is already in place. The location provides excellent accessibility with nearby subway lines (E, F, M, R, 7, G, N, W). It is also convenient to the Queensboro Bridge, Long Island Expressway, and Northern Boulevard. Situated in a dense residential area, the property benefits from significant foot traffic and a built-in customer base. The property is suitable for conventional restaurants, retail space, and other commercial real estate ventures.

Key Highlights

  • Prime corner retail condominium in a high‑traffic, dense residential area of Long Island City.
  • Delivered turnkey and fully equipped for restaurant use with a vented kitchen.
  • Excellent accessibility via multiple subway lines (E, F, M, R, 7, G, N, W).

Property Analytics

Current Use

Crescent Hills Cleaners (Bike/Boat/Book/etc) Store Factory House Condominium Complex Softbite | Soufflé Pancakes Cafe & Coffee Shop Chercher Floral (Bike/Boat/Book/etc) Store

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
132k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 65% Shops & Services 32% Electronics 3%
McDonald's Dining
25,800 visits/mo 0.5 miles
IHOP Dining
20,787 visits/mo 0.4 miles
Paris Baguette Dining
17,715 visits/mo 0.4 miles
TD Bank Shops & Services
15,556 visits/mo 0.4 miles
Citibank Shops & Services
11,145 visits/mo 0.4 miles

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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Retail condominium in Long Island City with restaurant potential.
Where is this conventional restaurant located?
The property is located at 42-60 Crescent St Queens, NY.
What are key features of this property?
This property features: Prime corner retail condominium in a high‑traffic, dense residential area of Long Island City.; Delivered turnkey and **fully equipped for restaurant use with a vented kitchen.**; Excellent accessibility via multiple subway lines (E, F, M, R, 7, G, N, W).
More about this property
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