Royal One Real Estate Inc. of Long Island City purchased 42-31 Crescent St. and 42-34 27th St. in Long Island City, two adjoining warehouses, from KMF Property Group Inc. for $2.6 million, or about $676.50 per square foot. Because both properties are on corner lots, 42-31 Crescent St. is also known as 25-02 42nd Road and 42-34 27th St. is also known as 25-18 42nd Road. The total frontage on 42nd Road is 185 feet.