Listing Courtesy of Modern Spaces
$1,998,000
Potential Rebate: $29,970
Stunning Corner 3-Bedroom, 2-Bath Residence at Factory House – Prime Long Island City<br>Welcome to this exceptional three-bedroom, two-bathroom corner home at Factory House, where industrial-chic design meets modern comfort in the heart of Long Island City.<br>Stretching the full length of the building, this bright and airy residence spans multiple exposures, showcasing exposed brick accent walls, rustic wide-plank wood flooring, and vintage-inspired double-hung casement windows that bathe the home in natural light while offering timeless architectural charm.<br>INTERIOR FEATURES<br>Upon entry, you're welcomed by a U-shaped sizeable kitchen that opens into the spacious living and dining area, perfect for everyday living and entertaining. The kitchen is outfitted with:<br>Premium rift-cut red oak cabinetry<br>Elegant white Caesarstone countertop with tile backsplash<br>Stainless steel apron-front sink with spring-coiled faucet and pot filler<br>An energy-efficient electric range cooktop, hood, and a full suite of stainless steel appliances.<br>The king-size primary suite features dual exposures, five large windows, and a tranquil ambiance. An amber-sized walk-in closet and the en-suite bathroom outfitted with a luxurious walk-in shower. Venetian bronze fixtures. Distressed porcelain tiles. Floating vanity that adds a spa-like aesthetic.<br>The 2nd and 3rd bedrooms are located across from the second bathroom, which can fit a queen- or full-sized bed. The ceilings are high enough to accommodate bunk beds, offering extra flexibility. Large windows flood the rooms with natural light, creating cheerful, inviting spaces.<br>The second full bathroom features a Kohler deep-soaking tub for relaxation, Grohe fixtures, and a Vigo sink paired with a tigerwood vanity. An in-unit laundry room with additional storage and a full-sized washer/dryer combo unit adds practical convenience.<br>ADDITIONAL FEATURES<br>- A storage unit is included with the apartment<br>- 421-A tax abatement through June 30, 2032<br>- Low combined HOA fee and tax of $1,100/month<br>- Deeded indoor EV parking space and a storage unit available for purchase<br>- (Disclaimer: All images are of the actual apartment; furniture is virtually staged to illustrate layout potential.)<br><br>Building Highlights<br>- Low-density living. Only 37 residences.<br>- Full-time superintendent.<br>- A spacious landscaped resident terrace with a barbecue area.<br>- Fully equipped fitness center.<br>- Children’s playroom.<br>- Bike storage.<br>- Library lounge for reading and relaxing.<br>- Resident lounge and game room with billiards for socializing.<br><br>Prime LIC Location<br>The Factory House is conveniently located between the Queensboro Plaza, Queens Plaza, and Court Square subway stations. Multiple subway lines, including the 7, N, W, R, E, M, and G trains, are all within a short distance, making your daily commute easy and convenient.<br>Many popular local restaurants and cafes. Trader Joe's, Food Cellar, Walgreens, Target, Sweetgreen, Starbucks, Partners, Jacx & Co., and numerous other options are all within minutes of the building.<br><br>This is a rare opportunity to own a corner three-bedroom home with authentic character, quality finishes, and long-term tax savings, all in one of LIC’s most vibrant neighborhoods.<br>Schedule your private showing today!
$10,975 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$29,970
Monthly savings impact
$83/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
2.5%
Experience
Member
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Modern Spaces
Data Source: TRESTLE #RLS20056448

Compare average listing prices and value metrics for 42-60 Crescent Street against the surrounding Long Island City market.
than the Long Island City price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Long Island City.
Long Island City (LIC) is the skyline of Queens. Once an industrial powerhouse, it is now a shimmering wall of glass towers facing Manhattan. For buyers seeking Long Island City Queens real estate, it offers luxury high-rise living with the best commute in the borough.
Living in LIC is modern and fast. It is a 24/7 neighborhood with waterfront parks, breweries, and art museums. As a Queens NYC neighborhood, it rivals Downtown Brooklyn for density and amenities.
The market for homes for sale in Long Island City is dominated by luxury condos. Gleaming towers like Skyline Tower offer resort-style amenities.
There are also converted lofts in the Hunter's Point and Dutch Kills sections.
The lifestyle in LIC is convenient. Residents can be in midtown Manhattan in 5 minutes.
The community is a mix of young professionals, artists in the remaining lofts, and families enjoying the waterfront.
LIC is a transit hub. Served by the 7, N, W, R, M, E, F, and G trains, plus the NYC Ferry. It is arguably the most connected neighborhood in NYC outside of Manhattan.
Gantry Plaza State Park is one of the best parks in the city, famous for its Pepsi-Cola sign and Manhattan views.
Amenities: A exploding restaurant scene on Vernon Blvd and breweries like Fifth Hammer.
LIC is best for Manhattan commuters, view seekers, and lovers of modern luxury.

You can also call me anytime at +1 (315) 514-0164