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3836 Crescent Street + Side Lot 3836 Crescent St 7,000 SF Industrial Building Long Island City, NY 11101 $5,438,715 CAD ($776.96 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Please contact Larry Matarese for more details | 516 945 4733

EXECUTIVE SUMMARY

Berkshire Hathaway Commercial Services is proud to present this rare owner-user or development opportunity in the heart of Long Island City. This versatile 7,000 SF building is being sold along with the 2,500 SF yard directly next to it, both zoned M1-2/R5D/LIC, allowing for a 2.0 FAR as-of-right or up to 4.8 FAR for community facility use. The property is vacant, offering flexibility for immediate occupancy or redevelopment.
The building features approximately 2,500 SF ground-floor warehouse with 14-foot ceilings and a large bay door. The warehouse also features 2 offices, a storage room, and 2 bathrooms. On the second story, there is 2,000 SF of Class A office space, which was completely redone in 2023. This space features 2 more bathrooms, one of which has a shower, a private conference room, as well as a kitchen area. Here you’ll find direct access to an outdoor patio area, providing a beautiful view of the New York City skyline. The building also includes 2,500 SF of high-ceiling basement for additional storage or workspace. As mentioned previously, the property also boasts a 2,500 SF side yard — a highly desirable feature in this area — ideal for private parking, loading or developing. The dimensions of the yard are 25ft x 100ft. Additional highlights include gas heat, excellent light throughout, and sweeping Manhattan views, as well as a new roof that was renovated only 2 years ago.
Just minutes from the Queensboro Bridge and Midtown Manhattan, this property offers an exceptional location for any trade or business seeking proximity to the five boroughs. Alternatively, the site provides excellent development potential for mixed-use or community facility projects. Long Island City continues to be one of New York’s fastest-growing neighborhoods, defined by its mix of residential towers, creative workspaces, and a vibrant scene of art galleries, restaurants, and nightlife — making this an exceptional opportunity in a thriving urban market.
Please contact us today for more details on this opportunity.

PROPERTY FACTS

Price $5,438,715 CAD
Price Per SF $776.96 CAD
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.11 AC
Rentable Building Area 7,000 SF
No. Stories 2
Year Built 1959
Tenancy Single
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Zoning M1-2 / R5D / LIC - Light industrial with offices, hotels, and most retail uses permitted

AMENITIES

  • Fenced Lot
Walk Score®
Walker's Paradise (95)
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 Numbers
Multiple
  • 00388-0025
  • 00388-0026
Land Assessment
$336,815 CAD
Improvements Assessment
$288,610 CAD
Total Assessment
$625,425 CAD
  • Listing ID: 37998107

  • Date on Market: 2024-10-11

  • Last Updated:

  • Address: 3836 Crescent St, Long Island City, NY 11101

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