42-34 CRESCENT STREET

A developer picked up an interesting parcel near Queens Plaza, in Long Island City: 24-12 42nd Road, a one-family, 1,697-square-foot building, 42-38 Crescent Street, another one-family building, and 42-34 Crescent Street, the unbuilt corner lot that connects both buildings. All in all, the three lots account for around 6,739 square feet. Each lot has a FAR of 5 and is zoned M1-5/R7-3/LIC. The buyer, 38 Crescent LLC, is based in Flushing but there aren’t many more details beyond that. They paid a total of $5,300,000 for the three parcels in question. GMAP

Photo via Google Maps


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