Crescent Iron House in LIC offers rentals in new loft-styled building from $2,300/month

By Vitali Ogorodnikov | From LIC / Queens Wednesday, October 23, 2019

Crescent Iron House in the Dutch Kills section of Long Island City is now renting townhouse-style apartments priced from an attainable $2,300/month (Photos via Modern Spaces)

Long Island City’s rapidly-growing skyline is catching attention of real estate watchers and average New Yorkers alike, yet new development continues to rise all across the subsections of neighborhood, even well away from the skyscraper clusters at Court Square and Hunters Point.

Earlier this week, Crescent Iron House at 25-08 40th Avenue launched leasing and a teaser website for 23 luxury rental units, which range from studios to two bedrooms and run from $2,300 to $4,500. The traditionally-styled ground-up building was developed by Crescent Owners LLC and is being marketed by Modern Spaces. The development stands only five floors, yet its finishes and amenities compare favorably to the gleaming rental high-rises that loom just to the south.

Crescent Iron House, Long Island City, rental, Thanassi Karageorgiou

Crescent Iron House. Credit: Thanassi Karageorgiou

"With its unique blend of retail and residential spaces, Crescent Iron House will certainly add color to the up-and-coming streetscape.” — Gregory Kyroglou, Modern Spaces

The elevator-equipped building offers its residents the use of a fitness center, a game room, a laundry room, a dog shower, and on-site parking. The bike room is a convenient feature for rides to the nearby East River waterfront or even across the Queensboro Bridge into Manhattan, which is also easily accessible via the B, D, F, M, N, Q, R, W, E and 7 trains, all located within a short walk. The shared roof deck offers outdoor leisure within view of the spectacular Manhattan skyline and the sky-scraping supertalls rising at 57th Street, such as 432 Park Avenue, 111 West 57th Street, and Central Park Tower.

Crescent Iron House. Credit: Thanassi Karageorgiou

Kitchen

Bedroom

Apartments range in size from 355 to 838 square feet and offer loft-style, gridded floor-to-ceiling windows, ashburn-stained hardwood floors, and kitchens with Absolute Black granite countertops, subway-tile backsplashes, and stainless-steel Blomberg appliances. Bathrooms sport Hansgrohe fixtures and charcoal gray stone porcelain floors.

Crescent Iron House, also known under its alternate address of 40-01 Crescent Street, sits in the quiet Dutch Kills neighborhood where Long Island City meets Astoria. The building, designed by T.F. Cusanelli & Filletti Architects, meets the street with a rusticated facade of red brick and ashburn stucco, segmented in a way to soften the building scale and blend more seamlessly with the neighborhood’s tree-lined rowhome streets. Ground-level retail further animates the sidewalk, while a boutique light manufacturing space at the ground level actively maintains the area’s storied industrial legacy while attracting new firms and a talented workforce to the neighborhood.

Gregory Kyroglou, managing director and licensed associate real estate broker at Modern Spaces, acknowledged this legacy in an inaugurative statement. “Formerly an industrial area, the Dutch Kills micro-neighborhood has seen a major development boom since its rezoning in 2008,” Kyroglou states. “With its unique blend of retail and residential spaces, Crescent Iron House will certainly add color to the up-and-coming streetscape.”