9,800 sf Industrial / Office Building
Property Details
DY Realty Group, LLC has been retained on an exclusive basis to handle the sale or lease of 38-17 Crescent Street in Long Island City, Queens.
The building is a total of 9,800 sf, with a 5,500 sf warehouse on the ground floor and 4,300 sf of executive office space on the 2nd floor. The warehouse boasts 14’ ceiling height, gas heat, wet sprinkler system, 400 amps of power, and loading through 2 drive-in doors.
Centrally located in Long Island City, blocks from the 59th Street Bridge. Great access to the LIE, BQE Midtown Tunnel, and Tri-Boro Bridge. Less than a half mile to multiple subway lines, including the 7, N, W, & F.
Location
Sq Ft
Financials
Construction
Image Gallery
Documents
Area Profile
Long Island City (LIC) is the westernmost neighborhood of the New York City borough of Queens and is bounded on the north by the Queens neighborhood of Astoria; 
on the west by the East River; on the east by Hazen Street, 31st Street, and New Calvary Cemetery; and on the south by Newtown Creek, which separates Queens from Greenpoint, Brooklyn.
This once highly industrialized area has been largely redeveloped over the last few decades to serve more modern uses. It's proximity to Manhattan by subway, bus and ferry, as well as via the Queensboro Bridge and Midtown Tunnel, make LIC a highly desirable location for all manner of uses.
Large sections have been rezoned for residential use, resulting in many luxury condominium towers, particularly along the East River. Gentrification of the neighborhood has resulted in the introduction of fabulous restaurants and shopping along Vernon and Jackson Avenues and MOMA PS1 anchors a vibrant art community. In fact, LIC has among the highest concentration of art galleries, art institutions, and studio space of any neighborhood in all of New York City. Many parks, a beach and other waterfront access provide residents with fabulous recreational opportunities.
Today, the most prominent building is the 658' Citicorp Tower built in 1989 on Courthouse Square. It is the tallest building on all of Long Island and in any of the New York City boroughs outside Manhattan. Many other businesses and organizations have made LIC the location for their home office, or lease additional back office space in the community.
Other formerly industrial properties have found new life in a commercial capacity, such as the former Silvercup Bakery which is now home to Silvercup Studios and the former Ford Instrument Company building which has been incorporated into LaGuardia Community College. The neighborhood still boasts a vibrant industrial business community as well, and will for many, many years to come.
Zoning
The special Long Island City Mixed Use District is intended to support the continuing growth of the area's longstanding mix of residential, commercial, industrial and cultural uses by permitting their development and expansion at varying densities. Special use, bulk and urban design controls in three subdistricts - Court Square, Queens Plaza and Hunters Point - ensure that development occurs at a scale in keeping with the unique characteristics of each one.
The Court Square and Queens Plaza subdistricts comprise a 37-block area intended for moderate to high-density, 24-hour, pedestrian and transit-orient development. Special bulk provisions in the Queens Plaza Subdistrict allow for tower development at the subway nodes and loft-type buildings in the rest of the subdistrict.
Additional density can be achieved at the edges of the Queens Plaza Subdistrict by providing public open space and public parking. Subway improvements are required to achieve the highest allowed density in the Court Square Subdistrict. As-of-right development of all uses, at low to moderate-densities, is allowed in the Hunters Point subdistrict.
M1 districts range from the Garment District in Manhattan, with its multistory lofts, to parts of Red Hook and College Point with many one or two-story warehouses studded with loading bays. The M1 district is often a buffer between M2 or M3 districts and adjacent residential or commercial districts.
Light industries typically found in M1 areas include knitting mills, printing plants, woodworking shops, auto storage and repair shops, and wholesale service and storage facilities. In theory, nearly all industries uses can locate in M1 areas if they meet the more stringent M1 performance standards. Offices and most retail uses are also permitted. Certain community facilities, such as hospitals, are allowed in M1 districts only by special permit, but houses of worship are allowed as-of-right.
Floor area ratios in M1 districts range from 1.0 to 10.0 and building height and setbacks are controlled by sky exposure planes which may be penetrated by towers in certain districts. New industrial buildings are usually low-rise structures that fit within sky exposure planes. Except along district boundaries, no side yards are required. Rear yards at least 20 feet deep are usually required, except within 100 feet of a corner.
M1-2 zoned districts are usually in older industrial areas. Parking is a requirement and the maximum FAR is 2.0.
R5 districts have a floor area ratio (FAR) of 1.25, which typically produces three-story attached houses and small apartment houses. With a height limit of 40 feet, R5 districts can provide a transition between lower- and higher-density neighborhoods and are widely mapped in Brooklyn, Queens and the Bronx.
To ensure compatibility with existing neighborhood scale, the maximum street wall height of a new building is 30 feet, with a 15-foot setback and a maximum building height of 40 feet. Front yards for all housing types must be 10 feet deep or if deeper, a minimum of 18 feet to prevent cars parked on-site from protruding onto the sidewalk. Detached houses must have two side yards that total at least 13 feet with a minimum width of five feet for each one.
Semi-detached buildings and the end buildings in a row of attached houses need one eight-foot-wide side yard. The maximum street wall length for a row of attached buildings on a single zoning lot is 185 feet. Off-street parking is required for 85% of the dwelling units.
On blocks entirely within an R5 zone, optional regulations may be used to develop infill housing when the area is already predominately built-up. A higher FAR of 1.35 is available for qualifying sites, as well as 55% lot coverage, allowing for much larger buildings with more dwelling units. Off-street parking is generally required for two-thirds of the dwelling units.
R5D districts, designed to encourage new development on major streets in autodependent areas of the city. Characterized by moderate-density, multi-family housing, R5D districts require a maximum floor area ratio (FAR) of 2.0, a height limitation of 40 feet and a significant amount of accessory parking.
The minimum lot width for single- and two-family detached houses is 25 feet; side yards are not required on lots less than 30 feet wide. As in R4B and R5B districts, the front yard must be at least 5 feet deep and it must be at least as deep as one adjacent front yard but no deeper than the other, to a maximum depth of 20 feet. Rear yards are required for all interior and through lots. Certain amenities of the Quality Housing Program are mandatory, including plantings betweenthe building and the front lot line and one street tree for every 25 feet of lot frontage. Off-street parking, which is not permitted in front of a building, is required for 66% of all dwelling units. Only one parking space may be waived.
