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39 39 Crescent Street

Sagar Datta Acquires Development Site In Long Island City From Gaston Rodriguez For $1.65M
SOLDDevelopment Site

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

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.

Players

Dean Abouelhassan

Landair Advisors

Broker

$44.8M

vol

11 deals

Broker

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