Factory House
42-60 Crescent Street, at 43rd Avenue, in Long Island City, Queens
BBL 4004297501 · BIN 4615211
- Year built
- 2014
- Type
- Condominium
- Floors
- 10
- Landmark
- No
- Amenities
- Attended lobby, fitness center, playroom, library lounge, shared terrace, bicycle storage, resident storage, package facilities and on-site parking
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
- $1,538
- Listing discount
- 0.0%
- Recorded sales
- 121
- 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.
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. 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% |
| Oct 31, 2025 | 8C | 1 BR · 1 BA · 526 sf | $685,000 | $1,302/sf | -3.4% |
| Sep 10, 2025 | 7D | 2 BR · 2 BA · 1,191 sf | $1,470,000 | $1,234/sf | -7.5% |
| May 13, 2025 | 7A | 1 BR · 1 BA · 624 sf | $860,000 | $1,378/sf | -2.2% |
| 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% |
| Feb 14, 2024 | 8C | 1 BA · 503 sf | $525,000 | $1,044/sf | -0.8% |
Market read. Most recent trades (2026) cleared a median $1,538/sf across 1 sale. Median listing discount 0.0% from the last 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) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.
At the recent median sale of $1.47M (4 sales since 2024), a buyer putting 25% down would pay about $62,893 to close, or 4.3% of the price.
- Mansion tax: $14,700
- Mortgage recording tax: $21,223
- Title insurance: $6,615
- Attorneys, lender, building fees, reserves and filings: $20,355
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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
- Arcadia LIC, 24-12 42nd Road — 2016 condominium
- Citylights at Queens Landing, 4-74 48th Avenue — 1996 co-op
- 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.
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