Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
42-14 Crescent Street #12A

For Sale · Listing by Compass

42-14 Crescent Street #12A

Long Island City, Queens

$1,190,000

Interested in this property?
Active For Sale Co-op

$1,190,000

$1,005 per sq ft

42-14 Crescent Street #12A

Long Island City, Queens

The Independent LIC

MLS® #RLS20095606

RLS at REBNY

Listing by Compass

2
Bedrooms
2
Baths
1,184
Sq. Ft.
2016
Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,184 sq ft
Lot Size 5,000 sq ft
Year Built 2016
Ownership Co-op
Maintenance $2,323/mo
Neighborhood Long Island City
Floor 12 of 13

Property Highlights

  • Views: City
  • Exposure: South facing
  • Climate Control: Central Air

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 2 Full
Floor 12 of 13
View City
Exposure South
Cooling Central Air
Pets Yes
Year Built 2016
Living Area 1,184 sq ft
Structure Type HighRise
Flooring Hardwood
Furnished Unfurnished
Lot Size 5,000 sq ft
Parcel # 00424-0025-00042-014-000012A
Block/Lot 00424/0025

Listing History

Event Date Price Change
Listed Jun 4, 2026 $1,190,000 -
Currently Sep 3, 2026 $1,190,000 -

Description

A rare opportunity to own a sprawling spacious 2 BR 2 BA in the heart of Long Island City with low monthlies at a great cost per sf value! Residence 12A at The Independent is a striking floor-through 2 bedroom 2 bathroom, offering a level of space and livability, maximizing luxury and comfort. The layout, just under 1,200 sf, is both efficient and livable, with a true separation between living, kitchen, dining, and bedrooms. Natural light pours through oversized west and east facing windows, enhancing the home’s clean lines and modern finish. The eat-in open kitchen is sleek and functional, complete with premium appliances and Caesarstone countertops, open island that seamlessly integrates into the living space while still maintaining definition. Accompanied by in-unit washer and dryer, central HVAC window units, ample closet space and storage throughout the home, and spacious oversized bedrooms. 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. It's vibrant and central location in LIC has access to numerous places to shop, dine and be entertained. The neighborhood continues to grow as a cultural center with new Michelin rated restaurants and cafes; Target, Jacx & Co. Food Hall, Trader Joes, Food Cellar Market, Tacombi, MoMa PS1 museum, and much more. Residents can also enjoy a nice walk to the waterfront Gantry State Park and close by to Murray Park playground. Showing by appointment only; will need at least 24-hour notice. Storage unit available for an additional fee $90/mo.

Features & Amenities

Interior Features

Entrance Foyer High Ceilings Recessed Lighting Soaking Tub Walk In Closets Building Washer Dryer Install Allowed Common On Floor Common Area In Unit Flooring: Hardwood Double Pane Windows

Exterior Features

Building Roof Deck Private Outdoor Space Over60 Sqft

Building Amenities

Common Lounge Elevators Fitness Center

Appliances

Dryer Dishwasher Washer

Building Information

Financial Details

Maintenance $2,323/mo

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

137

Median Asking Price

$1.15M

Median $/Sqft

$1,572

Avg Days on Market

N/A

New This Week

3

Price Reduced

31%

Sold (30 Days)

51

Median Sale Price

$1.05M

Live data from RLS at REBNY • Updated 9/2/26, 8:06 PM EST

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Location

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42-14 Crescent Street #12A, 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 monthly maintenance are $2,323 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,184 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 co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pet policy requires confirmation with Milton Coste.

At the current list price of $1,190,000 for 1,184 sq ft, the asking price per square foot is approximately $1,005. 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: RLS20095606
First Listed: 6/4/2026
On Market: 6/4/2026
Contract Date: 6/4/2026

Listing Courtesy of Compass - Lawrence Hakimi

Listing Contact: (516) 902-1207

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 9/3/2026 at 12:06 AM UTC

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Long Island City Market Update

51 sales last 30 days · $1.15M median · 2.7 months supply

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New listings in this building

Quick Facts

Status Active Type Co-op Neighborhood Long Island City Borough Queens
County Queens
Floor 12 of 13
Year Built 2016
First Listed 6/4/2026
Living Area 1,184 sqft
Maintenance $2,323/mo

Monthly Costs Estimate

Down Payment 20%

$238,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $2,323
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$11,900

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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