Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
42-60 CRESCENT Street #7E
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Active For Sale Condo

$1,888,000

$1,434 per sq ft

42-60 CRESCENT Street #7E

Long Island City, Queens

Factory House

MLS® #RLS20064681

RLS at REBNY

Listing by Corcoran Group

Open House Scheduled

Sunday, May 3 • 12:00 PM – 1:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

3

Bedrooms

2

Baths

1,317

Sq. Ft.

2016

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 1,317 sq ft
Year Built 2016
Ownership Condo
HOA/Common Charges $1,003/mo
Property Taxes Contact for details
Neighborhood Long Island City
Floor 7 of 10

Property Highlights

  • Views: City
  • Climate Control: Dual

Property Details

Type Condo
Ownership Condominium
Total Rooms 7
Baths 2 Full
Floor 7 of 10
View City
Cooling Dual
Pets Yes
Year Built 2016
Living Area 1,317 sq ft
Structure Type HighRise
Basement Other
Block/Lot 00429/1030

Listing History

Event Date Price Change
Listed Dec 29, 2025 $1,950,000 -
Currently May 1, 2026 $1,888,000 -3.2%

Description

Factory House - Three-Bedroom Condo with Private Terrace

Discover a rare Long Island City offering: a bright, meticulously maintained three-bedroom condominium with a private terrace. Seamlessly blending indoor elegance with outdoor living, this home is perfect for entertaining, working from home, or simply watching the city glow at night.

Step inside to an open-plan living and dining area that flood the space with natural light and lead directly to your private terrace - the ultimate extension of the living room for summer dinners, morning coffee, and skyline sunsets. The chef-ready kitchen features generous counter space and an island for casual dining and social cooking.

The primary suite is a calm, private retreat with abundant closet space. Two additional bedrooms are versatile - ideal for family, guests, or a home office. Throughout the residence you'll find hardwood floors, thoughtful built-in storage, and in-unit conveniences that make daily life easy.

Highlights:
Private terrace with skyline views
Three well-proportioned bedrooms (primary suite + two flexible bedrooms)
Modern kitchen with ample workspace and island
421-A tax abatement through June 30, 2032.

Building Features:
- Resident terrace with a barbecue area.
- Fully equipped fitness center.
- Playroom.
- Bike storage.
- Library lounge for reading and relaxing.
- Resident lounge and game room with billiards table.

Located at Factory House in vibrant Long Island City - doorstep access to restaurants, waterfront parks, galleries, and one subway stop into Manhattan.

Features & Amenities

Interior Features

Building None Washer Hookup In Unit

Exterior Features

Building Roof Deck

Building Amenities

Bike Storage Common Playroom

Building Information

Building Factory House
Building Data View Compliance & Permits
Total Units 37
Stories 10
Structure HighRise

Financial Details

Common Charges $1,003/mo
RE Taxes Contact for details
Original Price $1,950,000
Previous Price $1,950,000

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

160

Median Asking Price

$1.20M

Median $/Sqft

$1,506

Avg Days on Market

N/A

New This Week

15

Price Reduced

21%

Sold (30 Days)

8

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 5/1/26, 1:16 AM EST

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Location

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42-60 CRESCENT Street #7E, Long Island City, Queens County

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2014
Year Built
12 years old
10
Floors
37
Residential Units
M1-5/R7-3
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $4,870,277
Land Value: $415,347
Exemptions: $3,750,473

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

Lot Area: 9,230 SF
Building Area: 54,974 SF
Built FAR: 5.96
Allowed FAR: 5

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 $1,003 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 3 bedrooms and 2 full bathrooms.

The listed interior living area is 1,317 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.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,888,000 for 1,317 sq ft, the asking price per square foot is approximately $1,434. 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: RLS20064681
First Listed: 12/29/2025
On Market: 12/29/2025
Price Changed: 3/4/2026
Contract Date: 12/29/2025

Listing Courtesy of Corcoran Group - Dennis Laronga

Listing Contact: (917) 991-4281

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 5/1/2026 at 5:16 AM UTC

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