Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
42-14 CRESCENT Street #8B
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Active For Rent Condo

$3,995/mo

$6 per sq ft

42-14 CRESCENT Street #8B

Long Island City, Queens

The Independent

MLS® #RLS20083377

RLS at REBNY

Listing by Serhant

NYC FARE Act Notice: Under NYC Local Law 119 (effective June 2025), if the landlord hired the broker, the tenant is not responsible for the broker fee. Ask about fee responsibility before scheduling a viewing.

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
Neighborhood Long Island City
Floor 8 of 13

Property Highlights

  • Views: City, River
  • Exposure: South facing

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 8 of 13
View City, River
Exposure South
Pets Yes
Year Built 2016
Living Area 720 sq ft
Structure Type HighRise
Furnished Unfurnished
Basement Other
Block/Lot 00424/0025

Listing History

Event Date Price Change
Listed Apr 13, 2026 $3,995 -
Currently May 1, 2026 $3,995 -

Description

Nestled in the heart of Long Island City at 42-14 Crescent Street, this sprawling 720-square-foot one-bedroom offers a boutique living experience. Flooded with southern natural light, the residence is a masterclass in functional chic, featuring a spa-inspired bathroom and an oversized chef's kitchen outfitted with top-of-the-line appliances. Modern essentials like central A/C, in-unit laundry, and expansive closet space ensure a seamless lifestyle. Residents enjoy a comprehensive amenity suite including a fitness center, a sophisticated billiards room, and a sprawling roof deck with breathtaking panoramic views of the Manhattan skyline. Perfectly positioned just one block from major transportation and a stone's throw from Manhattan, this home puts you at the center of LIC's most celebrated dining and culture while providing a serene, high-end escape to call your own. (Pets welcomed upon approval.)

Features & Amenities

Interior Features

Dining Area Building None Washer Hookup In Unit

Exterior Features

Building Roof Deck Private Outdoor Space Under60 Sqft

Building Amenities

Bike Storage Game Room

Building Information

Rental Details

Available

5/1/2026

Security Deposit

$3,995

Fee Disclosure NYC FARE Act

Estimated Move-In Costs

First Month's Rent

$3,995

Security Deposit

$3,995

Application Fee

$20

Under NYC's FARE Act (Local Law 119), if the landlord hired the broker, the tenant is not responsible for the broker fee. Always confirm fee responsibility before signing.

Short-Term Rental Potential

Estimated income if operated as a compliant short-term rental under NYC Local Law 18:

$333
Est. nightly rate
65%
Avg. occupancy
$6,494
Est. monthly gross

Estimates only. Requires NYC DCWP registration (Local Law 18). Most co-ops and condos prohibit STR via bylaws. Verify with building management and an attorney before listing. Past income is not guaranteed.

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, 6:47 AM EST

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Location

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42-14 CRESCENT Street #8B, Long Island City, Queens County

Virtual Tour

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 $0 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.

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

At the current list price of $3,995 for 720 sq ft, the asking price per square foot is approximately $6. This figure is for reference only and may differ from appraised or assessed values.

To schedule a viewing, contact Milton Coste at (917) 416-7433 or [email protected].

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20083377
First Listed: 4/13/2026
On Market: 4/13/2026
Price Changed: 4/13/2026
Contract Date: 4/13/2026

Listing Courtesy of Serhant - Sarah Cotty

Listing Contact: (917) 207-7590

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.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 10:47 AM UTC

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