Updated Jul 10, 2026
Daniel Tack Of Pinnacle Realty Of New York Represents Buyer In $3.67M Industrial Sale In Long Island City
38-17 Crescent Street
$3,665,000
$374/SF
Building Size
9,800 SF
Asset Type
Industrial
Closing
Jun 30, 2026
About this deal
AI
This industrial property located at 38-17 Crescent Street in Long Island City has been sold for a transaction amount of $3,665,000. The property spans a total square footage of 9,800, translating to a price per square foot of $373.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,665,000
- Square Footage: 9,800
- Price per Square Foot: $373
- Buyer’s Representative: Daniel Tack - Pinnacle Realty of New York
- Sale Date: 7/1/2026
- Market: Long Island City
Daniel Tack of Pinnacle Realty of New York LLC represented the buyer in this transaction, facilitating the sale of the two-story commercial asset.
On the Map
$3,665,000
$374/SF
Industrial
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Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.33%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93