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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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LIC Teamsters
04/20/16
The Feldman family’s Circle F Capital is in contract to buy a Long Island City development site just a block away from MoMA PS1 and...
hotel-crash
04/20/16
The numbers don’t lie: The wave of new hotel construction in New York – which peaked in 2014 – is finally crashing as dozens of...
long-island-cityfbox
04/19/16
The city is looking to reshape its waterfront and has a test case in mind: Long Island City. In February, the city’s Economic Development Corporation...
high-line-construction-1feat
04/19/16
Updated: April 19, 11:46 a.m.: The city’s developers had an action-packed 2015, but it was their contractors who did the actual building. The Real Deal...
toby's LIC fb
04/18/16
Long Island City has long been in a retail rut, as leasing fails to keep pace with the construction of residential towers in areas such...
LIC-factory-womanfbox
04/13/16
J. Crew is taking its trendy looks to Long Island City, leasing about 60,000 square feet at the Factory Building. The clothing brand took the space at...
Lightstone ft
04/12/16
David Lichtenstein’s Lightstone Group is funding its new 10-story rental building in Long Island City with a $75 million construction loan from the Canadian Imperial...
pepsisigntyhumb
04/12/16
On Tuesday, the Landmarks Preservation Commission designated Queens’ Pepsi-Cola sign a landmark and extended the Park Slope Historic District as it dealt with its backlogged...
feature
04/08/16
March was a record-breaking month for Park Slope. Tags: jamaica, Park Slope ...
top permits march 2016 thumb
04/07/16
Queens developers dominated the list of March’s largest real estate permit filings, accounting for half of the top 10 projects. Monadnock Development’s affordable, 226,000-square-foot One...
LIC rendering ft
04/06/16
Real estate investors, business leaders and local politicians appeared at the Long Island City Partnership’s annual real estate breakfast Wednesday morning to discuss market trends and...
march priciest
04/05/16
When it hit the market in late 2014, a Long Island City condominium unit was the borough’s priciest listing for a particular month. Now, that...
LIC
03/31/16
The owners of Central European-style beer garden Bierocracy in Long Island City are looking to tap into the Brooklyn market, with a space as big...
MacysSpeyerFbox
03/29/16
Tishman Speyer is soliciting funds for the redevelopment of Macy’s former Brooklyn headquarters on Fulton Street, according to marketing materials provided to prospective Chinese investors....
12-15_Broadway ft
03/29/16
Tech entrepreneur David Lubinitsky is seeking a tidy profit on a 213-unit Astoria rental building that he acquired for $88 million less than two years...
Ruby Schron
03/28/16
UPDATED, March 29, 4:56 p.m.: The New York City Housing Authority’s bargain rent of $9 per square foot at a Long Island City warehouse appears to be coming...
Loeb_LIC ft
03/25/16
When it emerged last summer that hedge funder Daniel Loeb was teaming up with real estate firm Brickman to redevelop a Long Island City warehouse,...
Michael Cohen William Silverman thumb
03/23/16
From the March issue: Predicting a market bubble is almost always a losing pastime. But that hasn’t stopped brokers, market analysts and economists from talking...
2109 Borden Avenue Jeff Blau John Carrafiell thumb
03/22/16
The Related Cos. and GreenOak Real Estate are proceeding with a planned office conversion in Long Island City. ...
Luna_Aerial_Night_Rooftop
03/21/16
The World Wide Group unveiled new renderings and pricing details for the Long Island City office-to-rental conversion project it closed on last week for $70...
Ariel Property Advisors
03/17/16
The New York City multifamily market kicked off the year with $1.37 billion in sales involving 76 buildings during January. Dollar volume leaped 68 percent...
EZ feature
03/14/16
The couple behind the annual Electric Zoo dance music festival sold a comparatively tame Long Island City abode for $3 million, according to property records...
24-16 Queens Plaza S ft
03/11/16
Greystone Development purchased a Long Island City office building for $23 million with plans to redevelop the property into a 117-unit mixed-use residential tower –...
44-51 library
03/10/16
The Rabsky Group is planning to launch leasing next week at its first Long Island City project – a 26-story, 284-unit rental known as Halo...
38-70-12fbox
03/09/16
Flushing-based development firm Ampiera Group wants to bring a 139-key hotel to Long Island City. The 16-story building at 38-70 12th Street will rise 162...
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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...
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...
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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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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