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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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Joseph Chetrit Ron Moelis Kenneth Horn thumb
05/11/16
Manhattan developers struck back in April after a handful of slow months, dominating the list of the month’s largest development permit filings. Big-name players including...
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05/10/16
Charles Dayan’s Bonjour Capital is buying the Hamilton, a 265-unit Upper East Side rental, for $150 million from Glenwood Management, sources told The Real Deal....
43-01 22nd Street Eric Gural thumb
05/10/16
Olmstead Properties and the Gural family’s Newmark Holdings are in contract to buy a large Long Island City office building packed with arts, design and media tenants....
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05/05/16
A Park Slope home owned by the same family for nearly a century hit the market last month for $11 million, making it the priciest...
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05/05/16
David Lichtenstein’s Lightstone Group acquired a portfolio of six multifamily rental buildings holding 181 units in the East Village from Pan Am Equities for more...
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05/04/16
Glory Capital filed plans Wednesday for the office conversion of a 29-story residential building in Brooklyn Heights, according to a new permit application. The 45,100-square-foot...
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05/03/16
Atlas Capital Group secured a $160 million loan package from Blackstone Mortgage trust to refinance its Long Island City office building at 30-30 47th Avenue –...
05/02/16
From left: Rendering of 873 Starr Street in Ridgewood, David Schwartz of Slate Property Group and 350 East 88th Street on the Upper East...
38-01 Queens Blvd
05/02/16
Developers Curbcut Urban Partners and Platinum Realty Associates are partnering on a new nine-story, mixed-use building on the border of Long Island City and Sunnyside in...
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04/29/16
The “Pizza Rat” of viral video fame would be well advised to steer clear of Long Island City’s subways. The city’s Department of Health and...
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04/28/16
Fashion retailer Gap Inc. has laid claim to a 20,000-square-foot-space in Industry City, where it will build out a photo studio and a marketing and...
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04/27/16
Tawan Davis, the former Peebles Corporation executive accused of misusing company information to land another job, found a new gig, two months after leaving the...
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04/27/16
The city-wide hotel boom is at the tail end of the cycle, but developers continue to push projects in Queens. According to records filed with...
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04/27/16
Tishman Speyer is pursuing $65 million worth of tax benefits for its 1.1 million-square-foot office development in Long Island City, which will cost more than...
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04/21/16
Great Neck-based real estate firm TCX Development is set to contribute to the Queens hotel boom with plans for a new 15-story project in the borough’s...
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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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04/08/16
March was a record-breaking month for Park Slope. Tags: jamaica, Park Slope ...
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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...
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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...
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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 ...
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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...
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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...
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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...
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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...
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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...
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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....
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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 ...
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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...
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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....
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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...
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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...
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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...
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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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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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