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Long Island City

Long Island City
Long Island City, NY 11101
Long Island City
Long Island City, or LIC, is a neighborhood in western Queens with waterfront on the East River. It is bounded by Hazen Street, 49th Street, New Calvary Cemetery, and Newtown Creek. The neighborhood contains the eastern terminus of the Queensboro Bridge, also known as the 59th Street Bridge, and the Queensbridge Houses, a massive government-subsidized housing complex controlled by the New York City Housing Authority. The formerly industrial waterfront area of LIC has become the site of redevelopment into luxury residential condominium and rental buildings. These include the Linc LIC and One Murray Park. Property Markets Group and the Hakim Organization are in the process of developing the 914-foot-tall residential building, dubbed, Queens Plaza Park, scheduled for completion after 2018. LIC is home to the tallest office building of the outer boroughs, One Court Square, also known as the Citigroup Building. -TA
  • Address Long Island City
  • neighborhood Long Island City
  • borough Queens
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View_of_5_Pointz,_January_20,_2013 copy
08/24/16
...From left: David Wolkoff, Jerry Wolkoff, 5Pointz in Long Island City and Gary LaBarbera Union construction workers and their allies gave...

23-01 42nd Roadfeat
08/18/16
...Rendering of 23-01 42nd Road in Long Island City and Kevin Maloney Kevin Maloney’s Property Markets Group is...

Screen Shot 2016-08-12 at 1.52.09 PM
08/12/16
...the city streetscape. Hotel development has greatly accelerated in Queens' Long Island City and in Midtown Manhattan's Garment District over the past few...

shibber
08/10/16
...From left: Aerial view of the Long Island City site on Northern Boulevard, Shibber Khan and David Junik Shibber...

falchi feature
08/04/16
...Uber app, the Falchi Building at 31-00 47th Avenue in Long Island City and the Lyft app Ride-share competitors Uber and Lyft are...

jackson heights feature
08/04/16
...-16 86 Street in Jackson Heights and 27-28 Thomson Avenue #608 in Long Island City A two-story Gravesend home sold last month for $11.4 million, making...

34-46-vernon-blvdTOP
08/03/16
...snagged $60 million in financing for a nearby residential development in Long Island City. Deutsche Bank provided a $34.2 million construction loan for Alma’s...

Untitled-1
08/03/16
A TRData dive into more than three years of Department of Buildings data revealed at least 96 swimming pools have been included in planned hotel...

216 27th Avenue feature
08/03/16
Roughly two years after Jared Kushner’s Kushner Companies snapped up a $36.5 million multifamily portfolio from the Brooklyn Law School, the developer has put one of the...

Sky Zone
07/27/16
Sky Zone, a national chain of indoor trampoline parks, is negotiating to bounce into a new space at an East Williamsburg warehouse now owned by...

Long_Island_City_New_York_May_2015_panorama_3
07/27/16
...Owen Thomas, Long Island City rental towers and David Neithercut UPDATED, Aug. 1, 10:06 a.m.: Equity...

Untitled-1
07/25/16
This is one deal that’s right up their alley. Atlas Capital Group is in contract to acquire the North Williamsburg building that is home to...

Untitled-4-13
07/25/16
...Ashland Place in Brooklyn, Rendering of 44-41 Purves Street in Long Island City A recent report claims that nearly 40,000 new market-rate apartments are...

feature
07/25/16
(Paydirt is a new weekly column that riffs on the biggest NYC real estate news of the moment, providing analysis and historical context on the...

feat
07/21/16
...Andrew Chung, 24-02 49th Avenue in Long Island City and Sush Torgalkar Westbrook Partners and Andrew Chung's Innovo Property...

Untitled-1
07/19/16
Rabsky Group scrapped plans for its first Manhattan project, deciding instead to sell its East Village development site for $23 million, according to property records...

Untitled-1
07/15/16
You don’t necessarily have to think big to build a massive fortune in New York City. Developer Axel Stawski, founder and president of Stawski Partners,...

PMG Gowanus
07/15/16
UPDATED, 5:49 p.m., July 15: Property Markets Group is in contract to acquire a development site with 332,000 buildable square feet along the Gowanus Canal...

Untitled-6
07/13/16
Gary Barnett’s Extell Development nabbed a $54.9 million acquisition loan from Bank of the Ozarks for the developer’s latest Upper East Side condominium development. ...

Bloomingdale's
07/12/16
...a 550,000-square-foot office lease to anchor Tishman Speyer’s new Long Island City development, according to a report. The retailer will join co-working...

Untitled-2
07/12/16
At the year’s halfway mark, total dollar volume in the New York City investment sales market was down about 16 percent year-over-year, according to an...

LIC Speyer small
07/11/16
...A rendering of 28-10 Queens Plaza in Long Island City and Rob Speyer Tishman Speyer is set to start construction...

barneys fbox
07/11/16
Barneys New York is facing a big rent markup at its flagship store at 660 Madison Avenue — to the tune of an extra $40...

270-Richards-Street feature
07/11/16
...From left: 28-10 Jackson Avenue in Long Island City and 270 Richards Street in Red Hook Most of the city's...

Untitled-1
07/08/16
...The Falchi Building at 31-00 47th Avenue in Long Island City (inset from top: Adam Spies and Michael Phillips) Jamestown Properties...
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  • Event Financing
  • Address 23rd Street, Long Island City
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 780,000
  • Price $ 104,000,000
  • Publication Date 08/01/2015
  • Event Date 06/22/2015
  • Party 1 Jia Shu Xu of C&G Empire Realty
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Morris Betesh
  • Party 2 Ladder Capital
notes
The firm closed a $104 million land loan for a Long Island City development site.

rentopoly-feature
With all of the trades, windfalls, setbacks and wildcards, New York City’s rental market  can often resemble a big round of Monopoly. But in the...

01/12/16
Cushman & Wakefield executives delivered a mixed outlook Tuesday on the city’s commercial real estate market in 2016, as continued macroeconomic strength is expected to...

top bk feature
01/12/16
Three years of “meticulous” renovations seems to have paid off at this 19th Century Brooklyn Heights home. Tags: Brooklyn heights, forest hills ...

maryniachartfeatured
01/08/16
For the second year in a row, the number of brokers and agents in Brooklyn and Queens rose faster than in Manhattan, an indication that brokers...

top arch feature
01/05/16
The most active architect in Brooklyn also happens to be one of its most criticized. Karl Fischer was the architect behind 44 new residential projects...

biggest projectes feature
12/24/15
Though new Manhattan developments were the heaviest hitters in terms of size this year, the outer boroughs more than held their own. Tags: Hudson Yards, One...

November-DOB-Feature
12/07/15
New building permit filings tumbled in November, with only 1,843 apartment units applied for across the city, according to a new analysis by The Real...

tech-feature
The tech world has plunged into the “Uber economy” with force. But how much office space does Uber, the taxi-app start-up, actually have in New...

doorman-stats
09/15/15
From the September issue: The median rental price in northwest Queens surpassed that of Brooklyn in July, reaching $3,016, according to a report from Douglas Elliman....

38-04 11th Street
09/02/15
Developers are realizing big returns with the construction of mid-rise hotels along the industrial margins of the Long Island City central business district, an area already...

From left: A rending of the Witkoff Group's 5Pointz project and Justin Elghanayan, president of Rockrose Development
There are more than a dozen bridge, tunnel, subway and ferry routes between Manhattan and Queens, and residential ...

Feature-Box-August-4
08/04/15
Plans for a Donald Trump luxury clubhouse and two massive affordable housing buildings were filed with the Department of Buildings on the same day in...

June-DOB-New
07/07/15
From affordable housing to skyscraper megaprojects, Queens nabbed the spotlight for the majority of large residential projects filed in June with the Department of Buildings....

042_RisingStars_FINAL.indd
They’ve brokered billions of dollars in deals, broken records, and launched companies. And they’ve all done it all in a cutthroat and unforgiving industry that’s...

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One of New York City’s longest-standing rivalries, between Eastdil Secured and CBRE for the lead in investment sales, now appears to be on ice. A...

050_2015CoverStory_FINAL.indd
The wave of new developments hitting the market is changing more than just the skyline. It’s also shifting the fortunes of the firms that specialize...

084 Queens commercial sales se FINAL.indd
After Manhattan and Brooklyn comes Queens. The city’s largest borough in land mass is typically among the quietest in commercial transactions. But this year, Queens...

The $118.5M listing at the Ritz Carlton
This year may not be over yet, but the real estate records are already piling up. The year kicked off with city office asking rents...

114 Jump se FINAL.indd
Local lenders New York Community Bank and Signature Bank finished near the head of the pack in the New York City commercial mortgage market last...

Over the summer, New York City crossed the three-quarters mark on the way to Mayor Michael Bloomberg's goal of churning out 165,000 units of affordable...

Manhattan Office Stats
Economic clouds gathered on the horizon last month, amid legislative battles over the country’s debt ceiling and talks of layoffs at major financial firms. Still,...

While the first-time homebuyer tax credit propelled sales in Queens through September, business has since cooled. Record-low interest rates are helping to stir sales, but...

Click for larger version Manhattan isn’t the only New York City borough that’s seen an uptick in building sales this year. The city’s outer boroughs are...

A year ago this month, New York's real estate community experienced one of the darker moments of the recession when Coldwell Banker Hunt Kennedy --...

Renters looking to be just a convenient train ride away from Manhattan are finding more choices as vacancies tick upward in the popular alternative-to-Manhattan neighborhoods...
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Halstead Property Development Marketing
The average price per square for closed new condominium sales in Long Island City climbed 49 percent from 2010 to 2015. New development projects averaged...

Streeteasy
Median rents in Downtown Brooklyn, Williamsburg and Cobble Hill are higher than Manhattan’s overall median rent. Although rent in Long Island City remained 11 percent...

July 2015 Queens residential rentals: MNS
One and two-bedroom apartments in Astoria had rent increases of more than 7 percent in July, compared to the prior month. Across Queens, rents averaged $2,065.02,...

MNS
Similar to Manhattan and Brooklyn, rent prices in Queens were down slightly in May. The average price for an apartment was $2,074, a 0.26 percent...

Modern Spaces
Condominium sales in Long Island City broke the $1,000 per square foot mark in Q1 of 2015, and the price for a condo averaged $877,778....

Elliman FT
Manhattan rents continued to rise for the 12th consecutive month while Brooklyn prices fell for the fist time since last fall. The average rental price for a...
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