Updated Feb 11, 2026
Sagar Datta Acquires Development Site In Long Island City From Gaston Rodriguez For $1.65M
39 39 Crescent Street
$1,650,000
$942/SF
Building Size
1,750 SF
Asset Type
Development Site
Closing
Feb 1, 2026
About this deal
AI
A development site located at 39-39 Crescent Street in Long Island City has been sold for $1,650,000. The property spans 1,750 square feet, resulting in a price per square foot of $942.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,650,000
- Address: 39-39 Crescent Street
- Market: Long Island City
- Buyer: Sagar Datta
- Seller: Gaston Rodriguez
- Broker: Dean Abouelhassan - Landair Advisors
- Square Footage: 1,750
- Price per Square Foot: $942
Dean Abouelhassan represented the seller in this transaction, successfully coordinating a short closing timeline. The property went under contract on January 5th and closed on January 30th. The transaction was efficiently facilitated with the assistance of Bill Vasiliadis, Esq.
On the Map
$1,650,000
$942/SF
Development Site
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Long Island City Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93