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    38-17 Crescent St Long Island City, NY 11101

    Sponsored
    For Sale
    $4,550,000

    Prime Long Island City warehouse/flex space. Excellent location & access.

    Property size:
    9,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,800-square-foot industrial property in Long Island City, Queens offers a unique blend of warehouse and office space. The building features a 5,500-square-foot ground floor warehouse, ideal for storage and distribution, complemented by 4,300 square feet of executive office space on the second floor. The warehouse boasts impressive 13-foot ceiling heights, gas heat, a wet sprinkler system, and ample power (400 amps). Two convenient loading docks ensure efficient operations. Situated on a 5,500-square-foot lot, this property benefits from its strategic location in Long Island City, just blocks from the 59th Street Bridge, providing easy access to major roadways including the Long Island Expressway (LIE), the Brooklyn-Queens Expressway (BQE), the Midtown Tunnel, and the Triborough Bridge. Public transportation is also readily available, with multiple subway lines (7, N, W, and F) less than half a mile away. The property is zoned M1-2, R5B, and LIC, offering flexibility for various uses. Asking price is $4,550,000 ($464.29 per square foot). The property is currently vacant, presenting an immediate opportunity for occupancy.

    Property Features for 38-17 Crescent St

    General Information

    Property type
    Distribution properties
    Square Feet
    9,800 SF

    Building Details

    Stories
    2

    HighLights

    • $4,550,000 asking price for this 9,800 SF industrial property.
    • Vacant, 9,800 SF flex/warehouse building in Long Island City, Queens.
    • Features 5,500 SF ground floor warehouse space and 4,300 SF of second‑floor office space.
    • Building includes 13' ceilings, two loading docks, and 400 amps of power.
    • Located in prime Long Island City, near major highways and subway lines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.9408364
    Latitude
    40.7505046

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    FAQs

    What type of property is this?
    Distribution property - Prime Long Island City warehouse/flex space. Excellent location & access.
    Where is this distribution property located?
    The property is located at 38-17 Crescent St Long Island City, NY.
    What is the asking price?
    The asking price for this property is $4,550,000.
    What are key features of this property?
    This property features: $4,550,000 asking price for this 9,800 SF industrial property.; Vacant, 9,800 SF flex/warehouse building in Long Island City, Queens.; Features 5,500 SF ground floor warehouse space and 4,300 SF of second-floor office space.
    Request Owner's contact information
    38-17 Crescent St Long Island City, NY 11101
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    Long Island City, NY 11101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38-17 Crescent St Long Island City, NY 11101
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