42-60 CRESCENT Street #7E, New York City, NY 11101
Listing Courtesy of Corcoran Group
$1,950,000
Potential Rebate: $29,250
Overview
Factory House - Three-Bedroom Condo with Private Terrace<br> <br> Discover a rare Long Island City offering: a bright, meticulously maintained three-bedroom condominium with a private terrace. Seamlessly blending indoor elegance with outdoor living, this home is perfect for entertaining, working from home, or simply watching the city glow at night.<br> <br> Step inside to an open-plan living and dining area that flood the space with natural light and lead directly to your private terrace - the ultimate extension of the living room for summer dinners, morning coffee, and skyline sunsets. The chef-ready kitchen features generous counter space and an island for casual dining and social cooking.<br> <br> The primary suite is a calm, private retreat with abundant closet space. Two additional bedrooms are versatile - ideal for family, guests, or a home office. Throughout the residence you'll find hardwood floors, thoughtful built-in storage, and in-unit conveniences that make daily life easy.<br> <br> Highlights:<br> Private terrace with skyline views<br> Three well-proportioned bedrooms (primary suite + two flexible bedrooms)<br> Modern kitchen with ample workspace and island<br> 421-A tax abatement through June 30, 2032.<br> <br> Building Features:<br> - Resident terrace with a barbecue area.<br> - Fully equipped fitness center.<br> - Playroom.<br> - Bike storage.<br> - Library lounge for reading and relaxing.<br> - Resident lounge and game room with billiards table.<br> <br> Located at Factory House in vibrant Long Island City - doorstep access to restaurants, waterfront parks, galleries, and one subway stop into Manhattan.
Home Features
- •Dual
- •Washer Hookup
- •In Unit
- •Building Roof Deck
- •City
Estimated Monthly Payment
$10,639 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$29,250
Monthly savings impact
$81/mo
Effective Purchase Price
$1,920,750
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20064681
Price Analysis
Compare average listing prices and value metrics for Factory House against the surrounding Long Island City market.
Average List Price
Price Per SqFt
7.60% Higher
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
Overview of 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.
Real Estate & Housing Market
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.
Lifestyle & Community
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.
Transportation & Accessibility
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.
Parks, Schools & Amenities
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.
Who This Neighborhood Is Best For
LIC is best for Manhattan commuters, view seekers, and lovers of modern luxury.
