Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,470,000

· Closed September 10, 2025

42-60 CRESCENT Street #7D
Closed For Sale Condo

$1,470,000

$1,234 per sq ft

42-60 CRESCENT Street #7D

Long Island City, Queens

Factory House

MLS® #RLS20016660

RLS at REBNY

Listing by Douglas Elliman Real Estate

2

Bedrooms

2

Baths

1,191

Sq. Ft.

2016

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,191 sq ft
Year Built 2016
Ownership Condo
HOA/Common Charges $815/mo
Property Taxes Contact for details
Parking Garage
Neighborhood Long Island City
Floor 7 of 10

Property Highlights

  • Views: City Lights, City, Panoramic
  • Climate Control: Electric
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 7 of 10
View City Lights, City, Panoramic
Cooling Electric
Pets Yes
Year Built 2016
Living Area 1,191 sq ft
Parking Garage Available
Structure Type HighRise
Basement Other
Block/Lot 00429/1029

Listing History

Event Date Price Change
Listed Apr 15, 2025 $1,590,000 -
Price Reduced Sep 11, 2025 $1,490,000 -6.3%
Currently May 29, 2026 $1,470,000 -1.3%

Description

421 TAX ABATEMENT IN PLACE

The Factory House is nestled in the heart of the Court Square district in Long Island City , just one block from all major subway lines and one stop to Manhattan (N, W, R, E, M) and several additional routes (7, G) providing seamless access to Manhattan.

This expansive 1,191-square-foot residence features an open-concept kitchen that flows effortlessly into a spacious living and dining area-entertaining guests or simply enjoying everyday comfort. A modern wall, blending rustic charm with industrial flair, adds a striking design element, complemented by custom blackout curtains for added privacy and ambiance. This space harmoniously connects to a beautifully framed, oversized east-facing window, offering sweeping views of Long Island City.

The open kitchen has a large white quartz countertop, ducted ventilation, and tons of cabinets-a Bosch refrigerator, a Bosch microwave, and an easily clean electric stove top. Bathrooms showcase Kohler tubs, Grohe faucets, and distinctive Venetian bronze fixtures. Enjoy the convenience of an in-unit washer and dryer. The 10-story building boasts a two-story lobby with floor-to-ceiling windows, red brick walls, and sculptural steel beams. Amenities include a full-time super, playroom, fitness center, roof deck, library lounge, and billiards room. On-site parking, personal storage, and bicycle storage are subject to availability. The seller offers personal storage, which comes with the sales price.

421-a tax abatement through June 30, 2032 .

Features & Amenities

Interior Features

Building None Washer Hookup In Unit

Exterior Features

Building Roof Deck Private Outdoor Space Over60 Sqft

Building Amenities

Common Playroom

Appliances

Washer Dryer Allowed

Building Information

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

Financial Details

Common Charges $815/mo
RE Taxes Contact for details
Original Price $1,590,000
Sale Price $1,470,000
Previous Price $1,490,000

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

174

Median Asking Price

$1.20M

Median $/Sqft

$1,518

Avg Days on Market

N/A

New This Week

3

Price Reduced

24%

Sold (30 Days)

2

Median Sale Price

$976K

Live data from RLS at REBNY • Updated 5/29/26, 10:34 AM EST

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Location

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

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 $815 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,191 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 $1,470,000 for 1,191 sq ft, the asking price per square foot is approximately $1,234. 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 [email protected]. 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: RLS20016660
First Listed: 4/15/2025
On Market: 4/15/2025
Price Changed: 9/11/2025
Closed: 9/10/2025
Contract Date: 4/15/2025

Listing Courtesy of Douglas Elliman Real Estate - Chikako Fissel

Listing Contact: (646) 488-6591

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 5/29/2026 at 2:34 PM UTC

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