Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
42-14 CRESCENT Street #5B
Interested in this property?
Active For Sale Condo

$660,000

$917 per sq ft

42-14 CRESCENT Street #5B

Long Island City, Queens

The Independent

MLS® #RLS20090794

RLS at REBNY

Listing by Serhant

1

Bedroom

1

Bath

720

Sq. Ft.

2016

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 720 sq ft
Year Built 2016
Ownership Condo
HOA/Common Charges $1,400/mo
Property Taxes Contact for details
Neighborhood Long Island City
Floor 5 of 13

Property Highlights

  • Views: Bridges, City Lights, City, River
  • Exposure: West facing

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 5 of 13
View Bridges, City Lights, City, River
Exposure West
Pets Yes
Year Built 2016
Living Area 720 sq ft
Structure Type HighRise
Basement Other
Parcel # 00424-0025-00042-014-000005B
Block/Lot 00424/0025

Listing History

Event Date Price Change
Listed May 13, 2026 $660,000 -
Currently May 13, 2026 $660,000 -

Description

Best-in-Class 1BR at The Independent 720 SF of Turnkey Luxury 5 Minutes from Manhattan

A rare opportunity to own a properly scaled one-bedroom in one of Long Island City's most sought-after boutique Condop buildings.

Residence 5B at The Independent is a sprawling 1 bedroom, offering a level of space and livability that clearly outperforms typical one-bedroom inventory in the area. The layout is both efficient and livable, with a true separation between living, dining, and sleeping areas. Natural light pours through oversized west facing windows, enhancing the home's clean lines and modern finish. The eat-in kitchen is sleek and functional, complete with premium appliances and Caesarstone countertops, seamlessly integrating into the living space while still maintaining definition. Accompanied by i n-unit washer and dryer, central air, strong closet space, and a turnkey condition that requires zero immediate work.

The Independent is a 2016-built boutique co-op known for delivering a full-service lifestyle without the scale or congestion of larger developments. Residents enjoy a curated amenity package including a fitness center, resident lounge with billiards, landscaped courtyard, virtual doorman system, live-in super, and a roof deck with sweeping skyline views. Location is where this truly becomes compelling - positioned just off Queensboro Plaza and Court Square, you have direct access to multiple subway lines (N/W/7/E/M/R/G), making Manhattan and Brooklyn easily accessible within minutes.

Inquire for a private viewing.

Features & Amenities

Interior Features

High Ceilings Building None In Unit

Exterior Features

Building Roof Deck

Building Amenities

Bike Storage Game Room

Appliances

Dishwasher

Building Information

Financial Details

Common Charges $1,400/mo
RE Taxes Contact for details

Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.

Long Island City Live Market Data

View Neighborhood

Active Listings

175

Median Asking Price

$1.20M

Median $/Sqft

$1,506

Avg Days on Market

N/A

New This Week

8

Price Reduced

19%

Sold (30 Days)

4

Median Sale Price

$1.21M

Live data from RLS at REBNY • Updated 5/13/26, 3:51 PM EST

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Location

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42-14 CRESCENT Street #5B, Long Island City, Queens County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2016
Year Built
10 years old
13
Floors
48
Residential Units
M1-5/R9
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $5,440,050
Land Value: $393,750
Exemptions: $5,190,120

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 5,000 SF
Building Area: 42,301 SF
Built FAR: 8.46
Allowed FAR: 7.52

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1,400 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 720 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2016, making it approximately 10 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with the listing broker.

At the current list price of $660,000 for 720 sq ft, the asking price per square foot is approximately $917. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20090794
First Listed: 5/13/2026
On Market: 5/13/2026
Price Changed: 5/13/2026
Contract Date: 5/13/2026

Listing Courtesy of Serhant - David Miranda

Listing Contact: (917) 209-7416

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/13/2026 at 7:51 PM UTC

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