X


NAME


EMAIL


SUGGESTED
UPDATE


[wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Long Island City

Long Island City
Long Island City, NY 11101
Retail, Residential, Leasing/Rental, Multifamily

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
  • 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

03/19/2018
Clockwise from top left: 75-20 Astoria Boulevard, Flatbush Gardens and 123 Linden Boulevard Large loan origination in the outer boroughs slowed down slightly in February. While Clockwise from top left: 75-20 Astoria Boulevard, Flatbush Gardens and 123 Linden Boulevard Large loan origination in the outer boroughs slowed down slightly in February. While...

03/01/2018
Architects have seen increased activity in the outer boroughs over the past few years, said David West, whose firm racked up 3.85 million square feet of work in Queens, which landed it at the No. 2 spot for that borough. Its commissions in the borough included Tishman Speyer’s three-building residential project at 28-10 Jackson Avenue in Long Island City...

02/09/2018
  Clockwise from top: 414 Gerard Avenue, 2251 Nostrand Avenue and 30 East 29th Street. A mixed-use development coming to East New York from Arker Companies  Clockwise from top: 414 Gerard Avenue, 2251 Nostrand Avenue and 30 East 29th Street. A mixed-use development coming to East New York from Arker Companies...

01/08/2018
Rendering of 399 Sands Street (Credit: Steiner NYC) A massive mixed-use project coming to East Harlem courtesy of the Richman Group was the biggest project Rendering of 399 Sands Street (Credit: Steiner NYC) A massive mixed-use project coming to East Harlem courtesy of the Richman Group was the biggest project...

01/01/2018
Long Island City, for example, saw a 95 percent drop in residential units applied for from 2014 (when there were 7,459) to 2017 (when there were only 335 through October)...

12/29/2017
The architecture firm behind the largest new project started this year was Ohio-based Ford & Associates. The firm was hired by Matrix Development Group, which plansThe architecture firm behind the largest new project started this year was Ohio-based Ford & Associates. The firm was hired by Matrix Development Group, which plans...

12/29/2017
4) 52-03 Center Boulevard, Queens In October, TF Cornerstone proposed a 776,624-square-foot residential building in Long Island City...

08/18/2017
Overall, Queens had four of the top 10 loans for the month, while the Bronx and Brooklyn each clocked in at three. Some of the other major loans for the outer boroughs included $146 million for an office-conversion in Dumbo and $98.5 million for condos in Long Island City...

08/15/2017
In the case of this Long Island City property, Barone Management scrapped plans for a 199-key Dream Hotel...

08/09/2017
The bulk of condo plans in this most recent quarter were filed in Long Island City and Flushing, which had a combined five projects and 384 units...

07/01/2017
“It’s no Long Island City or Downtown Brooklyn, but we’ll see with time what happens,” he said...

07/01/2017
While Long Island City, Astoria, Jamaica and Flushing have all been booming for a while, developers and investors are now also making inroads into less-developed neighborhoods such as Sunnyside, Woodside, Elmhurst, Jackson Heights and Corona, where the housing stock is older and there is less space for monster projects...

06/23/2017
In April and May of this year, units were spread across seven new developments in Elmhurst, Astoria, Far Rockaway, Rego Park and Long Island City...

04/13/2017
Credit: MNS According to the most recent market reports, Brooklyn home prices jumped 16.4 percent in the first quarter of 2017, and 60 percent of Credit: MNS According to the most recent market reports, Brooklyn home prices jumped 16.4 percent in the first quarter of 2017, and 60 percent of...

01/26/2017
The average price of a condo in Long Island City increased 25 percent while the average price of a studio in Flushing increased 37 percent between the fourth quarters of 2015 and 2016...

12/29/2016
Kondylis, a giant in the industry best known for his extensive design work for Donald Trump, went on to form another firm in 2010. At the time, Hill told the Architectural Record that the split was due to “competing visions” â€' that he and his partners wanted to focus on New York projects rather than international ones. In the past seven years, GHW has become one of the city’s most prolific firms, taking on high-profile clients like Extell Development, Silverstein Properties and Forest City Ratner. The firm was tapped to work on two projects in Long Island City this year...

11/29/2016
“The demand has softened because a lot of tenants are going to Long Island City,” Catherine O’Toole , of Coldwell Banker Commercial Alliance, said...

10/10/2016
The economy hotel chain filed plans to build a 50-story, 260,857-square-foot hotel in Long Island City...

09/28/2016
The buyers plan to put in about $10 million in renovations for the 342,000-square-foot commercial building in Long Island City...

09/22/2016
From left: Coach CEO Victor Luis and a rendering of 10 Hudson Yards, WeWork CEO Adam Neumann and 12 East 49th Street Coach once owned From left: Coach CEO Victor Luis and a rendering of 10 Hudson Yards, WeWork CEO Adam Neumann and 12 East 49th Street Coach once owned...

07/11/2016
From left: 28-10 Jackson Avenue in Long Island City and 270 Richards Street in Red Hook Most of the city's large-scale real estate developments formally From left: 28-10 Jackson Avenue in Long Island City and 270 Richards Street in Red Hook Most of the city's large-scale real estate developments formally...

07/01/2016
For the 2015-2016 tax year, TF Cornerstone owed approximately $25.5 million in property taxes across its more than 8,000 apartment portfolio, a figure that would have been closer to $82 million without 421a and other tax exemptions. The company has at least six addresses across Manhattan’s Financial District, Chelsea and Hudson Yards neighborhoods that are currently receiving the 421a benefit and four buildings in Long Island City that owed no property tax at all, together saving TF Cornerstone tens of millions of dollars...

01/12/2016
The year also saw three emerging office markets “substantiated,” according to vice chair Gus Field. Brooklyn, Long Island City and Hudson Yards are becoming increasingly viable options for tenants and landlords alike, he said...

01/12/2016
The top sale in Queens was slightly less expensive than November's most priciest home. A Long Island City condo in The View Condominiums On Center Boulevard sold for $2.3 million...

01/08/2016
Agent growth has also been accelerating in Queens, where, according to the New York Department of State, the total number of agents jumped by 6.0 percent to 11,702, partially on the back of the need to sell in areas surrounding large megadevelopments like Hunter's Point South in Long Island City...

...per square for closed new condominium sales in Long Island City climbed 49 percent from 2010 to 2015. New development projects averaged $1,032 per square foot last year. View...

...Manhattan’s overall median rent. Although rent in Long Island City remained 11 percent less than Manhattan’s median rent, prices were comparable to Gowanus, Manhattan...

...averaged $2,065.02, a 1.9 percent increase from June. Astoria and Long Island City accounted for 70 percent of the borough's listing inventory. View the full report online here...

...an apartment was $2,074, a 0.26 percent decline from April. Long Island City and Astoria accounted for 73 percent of the borough’s total inventory. View the full...

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

...average rental price in the area, which includes Long Island City and Astoria, remained at $2,600. View the full report online here...