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3939 Crescent St - 39-39 Crescent Street - Boutique Dutch Kills 0.06 Acres of Residential Land Offered at $2,492,100 CAD in Long Island City, NY 11101

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INVESTMENT HIGHLIGHTS

Flexible M1-2/R5D, LIC zoning allowing residential, mixed use, or community facility development.
Delivered vacant—ideal for immediate redevelopment.
Surrounded by new residential and commercial projects in a rapidly growing neighborhood.

2,523 SF lot with approximately 5,046 buildable SF.
Excellent access to multiple subway lines and major transportation hubs.

EXECUTIVE SUMMARY

39-39 Crescent Street is an exceptional development opportunity located in the heart of Dutch Kills—one of Queens’ most vibrant and rapidly transforming neighborhoods. Spanning a 2,523 SF lot within an M1-2/R5D, LIC zoning district, the property offers a total buildable area of approximately 5,046 SF, ideal for residential, mixed-use, or community facility development.
The site is currently improved by an immaculate, recently gut renovated, 1,750 SF single-family building and will be delivered vacant at closing, providing a seamless path for immediate redevelopment. Situated just moments from multiple subway lines and major transportation hubs, the property offers excellent accessibility to Manhattan, Brooklyn, and the surrounding boroughs.
It’s prime location, flexible zoning, and strong market fundamentals make 39-39 Crescent Street a compelling opportunity for investors and developers looking to capitalize on the continued growth of Long Island City.

Brochure

PROPERTY FACTS

Price	$2,492,100 CAD	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Commercial Mixed Use Apartment Units
Sale Conditions	High Vacancy Property Redevelopment Project	Total Lot Size	0.06 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	M1-2/R5D, LIC - Light industrial with offices, hotels, and most retail uses permitted

Price	$2,492,100 CAD
Sale Type	Investment
Sale Conditions	High Vacancy Property Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Mixed Use Apartment Units
Total Lot Size	0.06 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M1-2/R5D, LIC - Light industrial with offices, hotels, and most retail uses permitted