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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3832 Crescent St Queens, NY 11101

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6214991
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3832 Crescent St

    Property type
    Commercial real estate

    Description

    This exceptional 2,504 square foot development site in Long Island City's desirable Dutch Kills neighborhood presents a unique investment opportunity. Located at 3832 Crescent Street, this 25' wide lot is zoned M1-2/R5D, LIC, allowing for the construction of a substantial mixed-use or residential building. Permitted development includes a 5,000 square foot residential building or a 7,500 square foot mixed-use structure. Currently used for equipment storage, the property can be delivered vacant at closing. A convenient curb cut is already in place, simplifying parking provision during construction. The site enjoys excellent transit access, with the Queensboro Plaza subway station (5 lines) providing quick access to Manhattan in under 10 minutes. The vibrant surrounding area boasts numerous bars, restaurants, and attractions, enhancing the appeal for future residents. This prime location and flexible zoning make this a compelling opportunity for developers seeking a high-return project in a rapidly growing area. The asking price is $1,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.936532174328
    Latitude
    40.755040504764

    Comparable in this City

    • $8,750,000

      Long Island City Development Site

      Prime M3-1 zoned land, 9,000 sq ft.
      21-01 49Th Ave, Queens, NY 11101
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    • $1,800,000

      Long Island City Development Opportunity

      Development opportunity in a rapidly growing Queens neighborhood.
      40-39 24Th St, Long Island City, NY 11101
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    • $1,900,000
      Pending

      Long Island City Development Land

      Development land for sale in prime Long Island City location.
      40-39 27Th St, Long Island City, NY 11101
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    • $1,900,000
      Pending

      Long Island City Development Land

      Development land in prime Long Island City location for sale.
      40-37 27Th St, Long Island City, NY 11101
      View Details
    • $10,750,000
      18,154 SF

      Long Island City Development Opportunity

      Prime Queens location, redevelopment potential.
      49-39 Van Dam St, Queens, NY 11101
      View Details
    • Contact for pricing
      11,000 SF

      LIC Warehouse: Prime Location

      11,000 SF Warehouse, Office, Yard
      43-15 36Th St, Queens, NY 11101
      View Details

    Similar Nearby for Sale

    • $8,750,000

      Long Island City Development Site

      Prime M3-1 zoned land, 9,000 sq ft.
      21-01 49Th Ave, Queens, NY 11101
      View Details
    • $1,900,000
      Pending

      Long Island City Development Land

      Development land in prime Long Island City location for sale.
      40-37 27Th St, Long Island City, NY 11101
      View Details
    • $1,900,000
      Pending

      Long Island City Development Land

      Development land for sale in prime Long Island City location.
      40-39 27Th St, Long Island City, NY 11101
      View Details
    • $1,800,000

      Long Island City Development Opportunity

      Development opportunity in a rapidly growing Queens neighborhood.
      40-39 24Th St, Long Island City, NY 11101
      View Details
    • Contact for pricing
      11,000 SF

      LIC Warehouse: Prime Location

      11,000 SF Warehouse, Office, Yard
      43-15 36Th St, Queens, NY 11101
      View Details
    • $10,750,000
      18,154 SF

      Long Island City Development Opportunity

      Prime Queens location, redevelopment potential.
      49-39 Van Dam St, Queens, NY 11101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      LIC Warehouse: 11,000 SF

      Prime LIC industrial space; vacant, ready to occupy.
      43-15 36Th St, Queens, NY 11101
      View Details
    • Contact for pricing
      736,400 SF

      Review Avenue Warehouse Complex

      Class A Industrial Space, NYC
      28-90 Review Ave, Queens, NY 11101
      View Details
    • Contact for pricing
      60,000 SF

      Northern Blvd Flex Space

      60,000 SF Flex Space in Queens
      50-30 Northern Blvd, Queens, NY 11101
      View Details
    • Contact for pricing
      7,800 SF

      Industrial Space with Freight Elevator

      Industrial space featuring a freight elevator and dedicated parking.
      59-12 37Th Ave, Queens, NY 11101
      View Details
    • $30 SF/Yr
      6,500 SF

      Long Island City Industrial Space

      6,500 sq ft Manufacturing/Warehouse
      37-16 13Th St, Queens, NY 11101
      View Details
    • $19 SF/Yr
      5,000 SF

      LIC Warehouse: 5,000 SF Available

      Prime LIC warehouse, single tenant, $20/SF.
      51-49 35Th St, Queens, NY 11101
      View Details
    Request Owner's contact information
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    3832 Crescent St
    Queens, NY 11101
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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