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LIC Warehouse/Office Building For Sale 38-17 Crescent St

9,851 SF Industrial Building Long Island City, NY 11101 For Sale

INVESTMENT HIGHLIGHTS

  • The building is a total of 9,800 sf, with a 5,500 sf warehouse on the ground floor and 4,300 sf of executive office space on the 2nd floor.
  • Ideally positioned in the heart of Long Island City
  • Minutes to the 59th St Bridge, Tri-Boro Bridge, Midtown Tunnel, Long Island Expressway, Grand Central Parkway and Brooklyn Queens Expressway
  • The warehouse boasts a 13-foot ceiling height, gas heating, a wet sprinkler system, 400 amps of power, and dual drive-in loading doors

EXECUTIVE SUMMARY

SymmetryCRG and DY Realty Group, LLC have been retained as the co-exclusive agents for the sale of 38-17 Crescent Street in Long Island City, Queens. This property spans 9,800 square feet in total, featuring 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 boasts a 13-foot ceiling height, gas heating, a wet sprinkler system, 400 amps of power, and dual drive-in loading doors.
Ideally positioned in the heart of Long Island City, the building is just blocks from the 59th Street Bridge, offering excellent access to major routes such as the Long Island Expressway, Brooklyn-Queens Expressway, Midtown Tunnel, and Tri-Boro Bridge. Moreover, it is conveniently located less than half a mile from multiple subway lines, including the 7, N, W, R, E, M, and F.

PROPERTY FACTS

Sale Type Investment or Owner User
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • OfficeLoft Creative Space
Building Class B
Lot Size 0.12 AC
Rentable Building Area 9,851 SF
No. Stories 2
Year Built 1987
Tenancy Single
Clear Ceiling Height 13’
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Floor Drains
  • Metro/Subway
  • Security System
  • Signage
  • Air Conditioning

UTILITIES

  • Gas - Natural

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 5,500 SF
  • Industrial
  • Full Build-Out
  • 30 Days
  • 2nd Floor
  • 4,351 SF
  • Office
  • Full Build-Out
  • 30 Days
Space Size Space Use Condition Available
1st Floor 5,500 SF Industrial Full Build-Out 30 Days
2nd Floor 4,351 SF Office Full Build-Out 30 Days

1st Floor

Size
5,500 SF
Space Use
Industrial
Condition
Full Build-Out
Available
30 Days

2nd Floor

Size
4,351 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00387-0009
Land Assessment
$161,360 CAD
Improvements Assessment
$584,369 CAD
Total Assessment
$745,729 CAD

ZONING

Zoning Code M1-2 / R5D (M1 - Light industrial with offices, hotels, and most retail uses permitted)
M1-2 / R5D (M1 - Light industrial with offices, hotels, and most retail uses permitted)
  • Listing ID: 28960320

  • Date on Market: 2022-03-11

  • Last Updated:

  • Address: 38-17 Crescent St, Long Island City, NY 11101

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