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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
dec-top-permits thumb
02/03/16
UPDATED: 9:37 a.m., Feb. 3: Two massive projects in Jamaica, Queens topped the list of December’s largest new building filings, led by a sprawling 300,000-square-foot...
575 Fifth Avenue ft
02/01/16
UPDATED, 11:30 a.m., Feb. 2: Barneys New York will remain in its corporate headquarters building at 575 Fifth Avenue after signing a 71,000-square-foot lease renewal and...
PMG-23-10-Queens-Plaza-South-FB
02/01/16
Property Markets Group and its partners in Long Island City are not selling apartments at their recently topped-out Court Square apartment tower. But if they were,...
BenHakimianthumb
02/01/16
The Hakimian Organization, a Midtown-based landlord and developer, is expanding its reach in Long Island City with the ground lease of a two-story, 22,254-square-foot commercial building in the...
Green-Wood1thumb
01/28/16
In wake of heightened scrutiny regarding the growing backlog of properties on its docket, the Landmarks Preservation Commission is set to finally make a decision...
Ralph Lauren ft
01/27/16
Polo Ralph Lauren is the latest creative tenant to hop over to Long Island City, where the clothing company is taking more than 19,000 square...
Ariel Property Advisors
01/25/16
The New York City multifamily market had another record-breaking year, with dollar volume hitting $19 billion in 2015, according to a year-end report from Ariel...
TRData-Construction-Feature
01/22/16
Did you know the two largest projects to kick off construction in the past year were just two blocks from each other near Hudson Yards?...
Crescent
01/20/16
The Weiss family’s Weiss Realty picked up a 17-story Long Island City rental building called the Crescent Club for $97 million – the third time...
Big asteroid crashing on the surface of an Earth-like planet. Digital illustration.
01/15/16
The 421a tax abatement program, which grants subsidies to developers who offer affordable units in new buildings, is officially done — for now.  Tags: 421a, John Banks,...
Deckey
01/14/16
Robert Deckey, who was most recently chief investment officer for George Comfort & Sons, has joined Invesco Real Estate, the firm announced Thursday. Deckey will...
076_MeettheLandlord_FINAL (1).indd
01/13/16
From the January issue: You are the second generation of a family real estate firm. At what point did you come into the business? I’ve been...
empire-stores
01/12/16
On the back of a pricey block of real estate hitting the market at Midtown Equities’ Empire Stores, office asking rents in Downtown Brooklyn/Dumbo jumped...
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 ...
38-42-Nowak-FB
01/11/16
United Hoisting and Scaffolding Company, one of the city’s biggest scaffold-and-sidewalk-shed suppliers, is looking to sell its large, 1.5-acre yard in Long Island City as...
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...
234 W 42nd
01/07/16
A JLL real estate investment trust closed on the purchase of 13.7 percent stake in a 15-building retail portfolio across the five boroughs and New...
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...
FTRD Landmarks
01/03/16
The Landmarks Preservation Commission designated six individual properties and four historic districts as landmarks in 2015, adding up to protection for more than 2,000 more structures. Tags:...
lazzpad_200x143
12/26/15
UPDATED, 3:37 pm, Dec. 28: The Long Island City home of artist Robert Lazzarini is in contract for $2.25 million, shattering the price-per-square-foot record in...
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...
31st street feature
12/23/15
Gansevoort Hotel developer WSA Management plans to build a new 74-unit residential building in Long Island City. The seven-story structure will span 57,546 square feet...
pmg-lic-FB
12/21/15
UPDATED, Dec. 22, 11:21 a.m.: Property Markets Group and the Hakim Organization – the partners behind what’s planned to be Queens’ tallest skyscraper – have teamed...
appboy gural thumb
12/16/15
Mobile marketing vendor Appboy is moving to its new 27,000 square feet space at the Gural family’s 12-story building at 318 West 39th Street in the...
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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.
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...
Screen Shot 2015-02-02 at 7.59.43 PM
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...
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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...
Long_island_city.jpg
Go to chart: The top 10 most expensive Queens Condos Once characterized by factories, taxi garages and train yards, Long Island City has in the...
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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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