Factory House
42-60 Crescent Street, at 43rd Avenue, in Long Island City, Queens
Long Island City, Queens
BBL 4004297501 · BIN 4615211
- Year built
- 2014
- Type
- Condominium
- Floors
- 10
- Amenities
- Attended lobby, fitness center, playroom, library lounge, shared terrace, bicycle storage, resident storage, package facilities and on-site parking
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Doorman (hours not stated)
Every recorded sale at this building, 2016–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,658
- floor-adjusted, 1 sale
- Listing discount
- -1.8%
- Recorded sales
- 49
- On record
- 2016–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Factory House would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Factory House is a purpose-built condominium that draws its architectural vocabulary from Long Island City's industrial buildings. Red and gray masonry, broad multi-pane windows and dark metal details carry that theme across a ten-story structure at Crescent Street and 43rd Avenue. Rising Developers Group and Stonecutter Capital Management developed the 37 residences.
The apartment mix is wider than the modest count suggests. Original development descriptions ranged from one- to four-bedroom homes, with balconies, terraces and private roof areas in different parts of the building. Shared facilities include a library lounge and an outdoor terrace as well as a fitness center.
The location places the building between the Court Square and Queensboro Plaza transit areas. Its corner position gives the masonry elevations visibility from both streets. Upper homes rise above portions of the surrounding low-rise fabric, while the lower residences remain closer to the street and common outdoor areas.
Architecture and unit composition
The building replaced a one-story garage. Its industrial character was created as part of new residential construction, including a double-height lobby with exposed brick, wood ceiling elements and sculptural steel details. Alfredo T. Fredericks is identified as architect of record in DOB's new-building application.
The original apartment program ranged from roughly 600 square feet to more than 2,000 square feet. Open living areas, high ceilings and broad windows give the interiors a loft-influenced arrangement. Exposed brick and wood finishes extend the exterior theme into the apartments.
Outdoor space occurs at several heights. Balconies serve some lower-floor homes, terraces appear near the top of the building, and top-floor residences have private landscaped roof areas. These are different outdoor configurations with different relationships to the apartment interiors.
The larger residences add bedrooms and living area without sharing the same footprint as the compact homes. A roof-area apartment and a lower home with a balcony are therefore distinct products within the condominium. In-unit laundry is part of the residential program.
The common rooms are distributed through the lower floors. The fitness center and playroom connect with a landscaped resident terrace, and a library lounge occupies another level. This arrangement puts indoor and outdoor common space within a building containing relatively few apartments.
Building operations
Factory House has an attended entrance, package facilities, bicycle and resident storage, and on-site parking. The indoor recreation rooms and landscaped terrace require common upkeep in addition to the ordinary operation of the elevators and building systems.
The condominium includes residential and nonresidential tax lots. Thirty-seven lots are classified as residential Class 2, while a separate set of lots falls within commercial Class 4. Parking or storage ownership therefore needs to be distinguished from the residential apartment interest when establishing exactly what is included in a transfer.
DOF identifies a capped 15-year 421-a benefit beginning in 2018 and active on the 2027 roll. That remaining benefit is a meaningful part of present carrying costs. The development's earlier construction date and the exemption's later start are separate milestones.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
8 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Additional Processing FeeConditionalPaid to management | Paid by Buyer | When With the application | Amount $200 if there is a 2nd Applicant or Guarantor | Refundable Non-refundable |
| Administrative FeePaid to management | Paid by Buyer | When With the application | Amount $175 | Refundable Not stated |
| Building Application FeePaid to the building | Paid by Buyer | When With the application | Amount $200 | Refundable Non-refundable |
| Closing FeePaid to management | Paid by Buyer | When With the application | Amount $150 | Refundable Not stated |
| Rush Package Review FeeConditionalPaid to management | Paid by Buyer | When With the application | Amount $500 (if applicable) | Refundable Not stated |
| Transfer Agent Closing FeeConditionalConditions: If Orsid's attendance is requiredPaid to management | Paid by Buyer | When At closing | Amount $1,000 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit$1,000.00Paid to the building | Paid by Buyer | When With the application | Amount $1,350 | Refundable Refundable |
| Move Out Deposit$1,000.00Paid to the building | Paid by Seller | When With the application | Amount $1,350 | Refundable Refundable |
Rental or lease
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Administrative FeePaid to management | Paid by Subtenant | When With the application | Amount $175 | Refundable Not stated |
| Building Application FeePaid to the building | Paid by Subtenant | When With the application | Amount $150 | Refundable Non-refundable |
| Additional Processing FeeConditionalPaid to management | Paid by Tenant | When With the application | Amount $200 if there is a 2nd Applicant or Guarantor | Refundable Non-refundable |
| Rush Package Review FeeConditionalPaid to management | Paid by Tenant | When With the application | Amount $500 (if applicable) | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Deposit$1,000.00Paid to the building | Paid by Landlord | When With the application | Amount $1,350 | Refundable Refundable |
| Move In Deposit$1000Paid to the building | Paid by Tenant | When With the application | Amount $1,350 | Refundable Refundable |
Lease renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Processing FeePaid to management | Paid by Tenant | When With the application | Amount $250 | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $217 per room a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $0.73 per square foot a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Doorman (hours not stated)Source: recent listing records
- Concierge
- YesSource: recent listing records
- Attended lobby
- YesSource: The Roebling Team's building profile
- Amenities noted
- Fitness room, residents' lounge, playroom, garage, bike storage, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $1,164/yr
- Per unit / month range
- $0 – $3
- Modeled exposure split equally across 37 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 19, 2026 | 5A | 3 BR · 2 BA · 1,317 sf | $2,025,000 | $1,538/sf | +3.8% |
| Sep 10, 2025 | 7D | 2 BR · 2 BA · 1,191 sf | $1,470,000 | $1,234/sf | -7.5% |
| Aug 13, 2024 | PH9A | 3 BR · 2 BA · 1,466 sf | $2,500,000 | $1,705/sf | +6.4% |
| Aug 9, 2024 | 3C | 2 BR · 2 BA · 1,088 sf | $1,310,000 | $1,204/sf | -1.1% |
| Mar 20, 2024 | 5C | 2 BR · 2 BA · 1,088 sf | $1,290,000 | $1,186/sf | -7.2% |
| Nov 10, 2023 | 6D | 2 BR · 2 BA · 1,191 sf | $1,300,000 | $1,092/sf | +0.4% |
| Aug 15, 2022 | 2A | 3 BR · 2 BA · 1,317 sf | $1,490,000 | $1,131/sf | -6.3% |
| Jun 29, 2022 | PH10C | 3 BR · 2 BA · 1,466 sf | $2,200,000 | $1,501/sf | -2.2% |
Market read. Most recent trades (2026 to date) cleared a median $1,658/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount -1.8% over ask.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 4-00429-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at Factory House, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 5 | $4,095 |
| 2 bedroom | 3 | $5,800 |
9 closed leases, October 2023 to September 2026. Most recent lease June 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at Factory House and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with Factory House and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like Factory House. Unsubscribe anytime.
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What to know if you’re buying
Identify the outdoor configuration precisely. The building offers balconies, terraces and private roof areas at different levels. The route from the apartment to the outdoor space, and whether it adjoins a main room or sits above the home, is a material part of how that apartment works.
Construction litigation is pending. The condominium's board sued the sponsor in 2022 alleging construction defects and fraud, and the claims remained pending after December 2025. Ask the managing agent for the current status.
Comparable buildings
- 5 Court Square West: a nearby condominium with a comparable mid-rise scale and smaller residential inventory.
- Galerie: a larger Court Square condominium for weighing the scope of amenities and contemporary interior design.
- L Haus: a condominium with extensive shared outdoor space for comparing common and private exterior areas.
- Arris Lofts: an industrial conversion for comparing original loft fabric with Factory House's newly built interpretation.
- The View: a waterfront condominium alternative for buyers placing the highest value on broad river outlooks.
More Long Island City buildings
- Citylights at Queens Landing, 4-74 48th Avenue — 1996 co-op
- Cresyn, 37-28 Crescent Street — condominium
- Echelon, 13-11 Jackson Avenue — 2006 condominium
- Greene, 45-36 Pearson Street — 2021 condominium
- HERO, 24-16 Queens Plaza South — 1925 condominium
- Hunters View, 48-15 11th Street — 2007 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Long Island City.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at Factory House?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com