42-44 Crescent Street via CityRealty
Following a construction loan of $3.9 million, work is underway on a new mixed-use condominium at 42-44 Crescent Street in Long Island City. A recent site visit revealed steel beams rising over the construction fence, and delivery of the 8-story, 13-unit project is anticipated for winter 2018. More images can be seen at The Court Square Blog.
Rendering via Architects Studio PC
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The latest rendering by Queens-based Architects Studio PC show a slim white building with oversized windows and glass balconies for select units. Prices are not yet available, but CityRealty data shows that the median condo price for Long Island City is $1.25 million.
42-44 Crescent Street is two blocks from the Queensboro Plaza subway station, a short walk from M. Wells Steakhouse and various cultural institutions, and in the heart of a mini building boom. One Queens Plaza has recently topped out. Nearly 80% of condos at the nearby Arcadia LIC have already entered contract. Remaining availabilities at Canvas come to an average of $1,132 per square foot.
42-44 Crescent Street construction via CityRealty
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Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City
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