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Factory House, 42-60 Crescent Street, #PH9A

$2,350,000 ($1,603 per ft2) | 3 beds, 2 baths | Approx. 1,466 ft2
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20 days on Market

Key Details

  • Listed: Apr 10, 2024
    Days on Market: 20
    Building Type: Condominium
    Neighborhood: Long Island City (LIC / Queens)
Monthly Common Charges: $1,276
Monthly Real Estate Taxes: $47
Total Taxes & Fees: $1,323 ($0.90/ft2)
Est. Monthly Mortgage: $12,978
Total Est. Monthly Carrying Cost: $14,301 ($9.76/ft2)
Note: the above is based on a down payment of 20% ($470,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This luxurious penthouse unit is situated in a prime location in Long Island City, close to popular local restaurants, cafes, and stores like Trader Joes, Food Cellar, Walgreens, Target, Sweetgreen, Starbucks, and more. It's also conveniently located near the Subway for easy transportation into Midtown Manhattan.
  • Tax Benefits: The property comes with a rare tax abatement until 2031, providing significant financial benefits.
  • Stunning Features: The penthouse boasts charming brick interior walls, rustic wood floors, and large windows. The modern kitchen is equipped with high-end appliances and fixtures, and the bathrooms feature Kohler tubs, Grohe faucets, and distinctive fixtures.
  • Outdoor Space: The private 1,144 square foot terrace offers panoramic views, perfect for entertaining or relaxing.
  • Building Amenities: The building, designed by Alfredo T. Fredericks, known for his attractive architectural designs, offers a double-height lobby, garage, fitness center, bicycle room, in-unit washers and dryers, library, and lounge. Additional amenities include a children's playroom, resident terrace, library lounge, game room with billiards, and on-site parking garage.
  • Additional Perks: The unit comes with deeded indoor EV parking and a storage unit, as well as a full-size in-unit washer and dryer.

Description

RARE TAX ABATEMENT UNTIL 2031! PRIVATE 1,144 +SF PRIVATE TERRACE DEEDED INDOOR EV PARKING & STORAGE UNIT AVAILABLE This three bedroom, two bathroom, immaculate penthouse unit in Factory House is the ultimate in industrial chic and one of the most luxurious residences to come to market in PRIME Long Island City with all the restaurants, shopping, and ~5 minute transportation into Midtown Manhattan that makes this area so highly coveted. With a sprawling layout, this penthouse spans 1,466 square feet and boasts a massive private 1,144 square foot terrace with direct access from the residence and featuring panoramic views, ideal for hosting, entertaining, or simply relaxing in this private oasis. The residence features charming brick interior walls, rustic wood floors, and large windows.

Charmed with vintage character, prewar-inspired double-hung windows frame lofty views of Long Island City. Modern convenience is at the heart of Factory House’s open kitchens, with fine rift-cut red oak cabinets, white Caesarstone countertops, stainless steel apron-front sinks with spring coiled faucets and a tile backsplash. Also highlighted are top-of-the-line stainless steel appliances including a Miele dishwasher, Viking electric range cook-top and hood, single wall oven and a double door Viking refrigerator.

Bathrooms feature Kohler tubs, Grohe faucets, and are well-appointed as well as distinctive, combining the polish of Venetian bronze fixtures with uniquely distressed porcelain tiles in the walk-in shower and gorgeous flooring. Additionally, the residence includes a full-size in-unit washer and dryer in its own laundry closet. Evoking Long Island City’s industrial past, Factory House’s 1 to 3-bedroom condominiums reference the area’s manufacturing legacy with a sleek warehouse feel.

This new boutique residence revives a level of historic architectural detail often lost in new construction. Inside this 10-story building, sunlight floods through the airy two-story lobby’s floor-to-ceiling windows to illuminate rustic porcelain tile, red brick walls and sculptural steel beams. A dramatic second-floor open balcony overlooks the lobby, a prime perch to admire the uniquely textured flooring and the ceiling’s wooden joists.

The Factory House offers amenities including an on-site parking garage and bicycle storage. This unit have the option to sell a deeded, EV parking spot as well as a deeded storage unit. On the second floor, the fitness center and children’s playroom open onto a spacious landscaped resident terrace.

On the third floor, the residents’ library lounge provides a sun-filled space for reading, relaxing or socializing. There is also an additional resident’s lounge game room with billiards. The Factory House is conveniently located between the Queensboro Plaza, Queens Plaza and Court Square subway stations, many popular local restaurants, and cafes.

Trader Joes, Food Cellar, Walgreens, Target, Sweetgreen, Starbucks, Partners, Jacx & Co., and many many more options are only minutes from the building. Schedule an appointment now - this premier 3BR residence is a rare value and a special home that will not last.

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Apartment Amenities

  • Terrace
  • Washer/Dryer in apt.

Listing Agent (Seller's Representative)

Listing courtesy of Nest Seekers LLC

Pricing History

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About Factory House, 42-60 Crescent Street

77

Factory House, 42-60 Crescent Street has received a CityRealty Rating of 77, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

24
Out of 44
+
26
Out of 36
+
18
Out of 39
+
9
=
77
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
No Canopy 1 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
3-6 Short Blocks 1 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
Substantial 2 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Attended Lobby
  • Resident Storage
  • Elevator
  • Children's Playroom
  • Lounge
  • Fitness Center
  • Rooftop Terrace
  • On-Site Parking
  • In-Unit Washer/Dryer
  • Bike Room
  • Library
  • Terraces / Balconies

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Pros
  • Very attractive- double-height lobby
  • Garage
  • Fitness center
  • Bicycle room
  • In-unit washers and dryers
  • Library and lounge
  • Very attractive fenestration
  • Close to Subway
Cons
  • No doorman
  • No swimming pool
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Subways

  1. N
  2. Q
  3. 7
at Queens Plaza North and 27th 0.15 miles
  1. G
at Jackson Ave and 45th Ave 0.19 miles
  1. M
  2. E
at 23rd and 45th Rd 0.21 miles
  1. R
at Northern Blvd and 41st Ave 0.26 miles
  1. F
at 41st Ave 0.37 miles

Aerial Imagery

 

Other Apartments Available in this Building (1)

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