Cresyn

Department of Buildings filings describe a six-story-plus-cellar mixed-use building, 63 feet tall, with 39 dwelling units and 47,668 square feet of construction floor area. My Architect, PC is the architect of record. Renderings show a glass curtain wall with oversized double-glazed, thermally broken aluminum windows and balconies on select units.

The mix is studios, one-bedrooms and two-bedrooms. Listing records show studios near 440 square feet, one-bedrooms of 565 to 627 square feet and two-bedrooms of 879 to 936 square feet. Sponsor materials describe engineered white oak floors, custom cabinetry and ceilings up to 10 feet 3 inches in select homes. The roof carries a 6.6-kilowatt solar array under a separate permitted alteration.

• February 5, 2025: Site acquired for $8.4 million, per published reporting.
• March 11, 2025: New-building application filed; support-of-excavation and sidewalk-shed filings follow in March.
• June 11, 2025: Groundbreaking.
• July 2, 2025: New-building permit issued.
• August 2025: Offering plan CD250276 filed with the Attorney General; construction financing closed (reported at $20.5 million in one source and $23 million in another).
• November 2025: Rooftop solar alteration permitted.
• September 2026: Plumbing, sprinkler and standpipe filings approved; sponsor sales begin.

Per the offering plan filed with the New York State Attorney General (plan CD250276), the plan was submitted August 22, 2025 and accepted December 17, 2025 at a total offering price of $43,577,500, with 3720 Crescent LLC as sponsor. The record lists 54 units: 39 residential, two commercial and 13 storage, which accounts for the gap between the 54-unit count and the 39 apartments on the building permit. Amendment 1, accepted June 22, 2026, raised the total by $202,500 to $43,780,000 and revised the property description and floor plans. Amendment 2 was submitted October 15, 2026 and had not been reviewed as of October 2026; its contents are not posted. The plan has not been declared effective, and the database records no units sold.

Listing records updated October 5, 2026 show twelve sponsor units:

• Studio: 439 square feet at $670,000 (about $1,526 per square foot)
• One-bedrooms: 565 square feet at $780,000 and 627 square feet at $865,000 (about $1,380 per square foot)
• Two-bedrooms: 879 square feet at $1,170,000 and $1,230,000, and 936 square feet at $1,320,000 (about $1,330 to $1,410 per square foot); one feed shows the 936-square-foot home in contract

Studios carry the highest price per foot; two-bedrooms sit at the bottom of the range. Listing records show a 20 percent minimum down payment and list pets and pied-à-terre use as permitted. Confirm both against the plan's by-laws.

You are buying off plans. Delivery is targeted for the third quarter of 2027. Contracts on a building under construction run through an outside closing date set in the plan, and the plan sets what happens if construction runs late.

Deposit and escrow. Sponsor contracts typically require 10 to 20 percent at signing, held in escrow until closing. The plan states this building's terms.

Closing costs. The buyer customarily pays the New York State transfer tax (0.4 percent) and the New York City transfer tax (1.425 percent above $500,000) in a sponsor sale. On an $865,000 one-bedroom that is about $15,786, with no mansion tax. On a $1,230,000 two-bedroom it is about $22,448 in transfer taxes plus $12,300 in mansion tax at 1 percent.

Temporary certificate of occupancy. First closings will likely take place on a temporary certificate of occupancy. Ask what the sponsor escrows or holds back until the final certificate issues.

Carrying costs. The plan's budget projects common charges and taxes. No tax abatement has been disclosed; with a small owner base, budget assumptions for staffing and the amenity floor matter.

Unit count. The plan's 54 units are 39 residences, two commercial units and 13 storage units. Storage is sold separately; ask the sponsor's counsel for the storage price list.

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• The Sunswick (37-29 32nd Street) — ten-residence Dutch Kills condominium of two- and three-bedrooms
• Factory House (42-60 Crescent Street) — 37-residence condominium further south on Crescent Street
• The Dutch Collection (33-10 38th Avenue) — 20 one-bedroom condominiums two blocks east, also new in 2026