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Long Island City

Long Island City
Long Island City, NY 11101

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

07/25/17
...to open a co-living space next year in Long Island City at 29-26 Northern Boulevard, a building owned by Simon and Baron's firm, Simon Baron...

07/25/17
...collaborator. The two developed the recently completed 44-story Long Island City tower 1 QPS and jointly own a Queens Plaza taxi garage site, which they briefly...

07/24/17
...largest development deal was 43-10 23rd Street in Long Island City, which Normandy Real Estate Partners purchased a stake in for $54 million in May. The...

07/24/17
...Long Island City As retail flounders in Manhattan, demand for new restaurants in Long Island City seems...

07/24/17
...audit by the DCAS found his restaurant in Long Island City owed the city $1.7 million in rent and fees on the city-owned property. The mayor...

07/24/17
...plans for a nearly 1-million-square-foot mixed-use project in Long Island City was the biggest real estate project filed with the city last month. The company...

07/21/17
...EB-5 funds for Tishman Speyer's Gotham Towers in Long Island City, and $60 million for JEMB Realty and Forest City Ratner's One Willoughby Square office project...

07/19/17
...a mixed-use project at 29-55 Northern Boulevard in Long Island City that would include 763 rental units, and it recently secured a $1 billion loan package from...

07/13/17
...million acquisition of the Clocktower development site in Long Island City on the same day.  The firm plans to build a 63-story rental tower on...

07/12/17
...six of those 18 developments in Flushing, while Astoria, Long Island City and Ridgewood lagged behind with two projects each. The Bronx's most popular neighborhood for...

07/12/17
...an industrial building at 43-10 23rd Street in Long Island City. In the Bronx, investors acquired $219 million in commercial properties, about 2 percent above the 12-month...

07/12/17
...-24 32nd Street (Credit: Google Maps) Long Island City Development Group is planning to build a 90-key hotel in their company’s namesake...

07/10/17
...sole location is at the Falchi Building in Long Island City, where Regus signed a 34,000-square-foot lease in 2015. A representative for the company was not...

07/07/17
...Matt Development to build a Dream Hotel in Long Island City...

07/07/17
...off a $98.5 million construction loan for their 182-unit Long Island City condominium project at 22-12 Jackson Avenue. Israel-based Bank Leumi provided the financing for the...

07/06/17
...were in the trendy neighborhoods of Astoria and Long Island City, but the top sale of the month in the borough was a $4 million home...

07/03/17
...Suna, who is best known for founding the Long Island City...

06/30/17
...-million-square-foot mixed-use project at 29-55 Northern Boulevard in Long Island City, documents filed with the New York City Department of Buildings show. The tower will...

06/29/17
...the office market into places like Brooklyn and Long Island City mean landlords have to think in new ways about how job growth affects the...

06/26/17
...m. on Monday at 42-20 27th Street in Long Island City, when part of the eighth floor fell onto the seventh floor, hours after concrete...

06/23/17
...in Elmhurst, Astoria, Far Rockaway, Rego Park and Long Island City. Two projects each were approved for Astoria and Long Island City, while one each...

06/23/17
...million sale of the Clock Tower site in Long Island City to the Durst Organization, and Nightingale Properties and Friedland Properties’ $76 million acquisition of an...

06/22/17
...in Brooklyn, and 1 percent in Queens. In Queens, Long Island city was the priciest on average for studios, one- and two-bedrooms. Read the full reports...

06/22/17
...The Factory Building in Long Island City and Craig Solomon Square Mile Capital Management tapped Craig Solomon as its new CEO...

06/20/17
...Long Island City, Queens (Credit: Getty Images) Long Island City’s notorious lack of retail was one of the main points at this year...

04/13/17
...while the office markets in Downtown Brooklyn and Long Island City increased 46 percent and 58 percent respectively. Read the full report here...

01/26/17
...in 2016. 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...

12/29/16
...was tapped to work on two projects in Long Island City this year. One is Chris Jiashu Xu's proposed 79-story, 779,958-square-foot residential tower at 23-...

october-office-feature
11/29/16
...because a lot of tenants are going to Long Island City,” Catherine O’Toole , of Coldwell Banker Commercial Alliance, said. Meanwhile, Downtown leasing fell by...

10/10/16
...plans to build a 50-story, 260,857-square-foot hotel in Long Island City. The proposed hotel will have 1,260 rooms. The company purchased six separate parcels that make...

09/28/16
...in renovations for the 342,000-square-foot commercial building in Long Island City. An Eastdil Secured team led by Adam Spies and Doug Harmon brokered the sale...

09/22/16
...at Savanna’s One Court Square tower in Long Island City. The department will sublease two floors from Citigroup, the company that occupies the majority...

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 large-scale real estate developments...

...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...

01/12/16
...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...

01/12/16
...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. A two-story home...

01/08/16
...surrounding large megadevelopments like Hunter's Point South in Long Island City. It's not yet the same story in the Bronx, where the number of salespeople...

01/05/16
...H&R Real Estate Investment Trust for Long Island City, which consists of 1,789 rental units across three towers at 28-34 Jackson Avenue, 28-10 Jackson...

12/24/15
...in Midtown East and Queens Park Plaza in Long Island City Though new Manhattan developments were the heaviest hitters in terms of size this year...

12/07/15
...from a scaffolding supplier in where else but Long Island City at 37-17 12th Street. Commercial filings on the month went a bit beyond the...

...that Uber has an older office space in Long Island City. (Click to enlarge) The news-entertainment website BuzzFeed signed the biggest office lease among the...

09/15/15
...restaurants and other amenities drawing new renters to Long Island City. “The attraction of new residents is a direct reflection of its abundance of resources...

09/02/15
...mid-rise hotels along the industrial margins of the Long Island City central business district, an area already thick with skyscraper glass. Now they're marching further...

...mega-projects set to rise along the Queens waterfront. Long Island City and Astoria alone are preparing for an influx of nearly 30,000 — yes, 30,000, you read that...

08/04/15
...for 175 rooms at 12-02 37th Avenue in northern Long Island City will test the potential for visitors in an area dotted by auto repair shops...

07/07/15
...will break ground at 5-43 46th Avenue in Long Island City, where CRE Development plans to construct a 296-unit tower. Those two buildings push Queens...

...the acquisition of two Lightstone Group projects in Long Island City and Gowanus. Kasra Sanandaji spearheaded acquisitions on those projects. Lightstone's Meir Milgraum's age was...

...sold the office building 37-18 Northern Boulevard in Long Island City for $110 million. The Queens-focused Pinnacle Realty of New York and Marcus & Millichap took...

...North and the 88-unit No. 3 Packard Square in Long Island City. After Finn left, Citi Habitats partnered with Corcoran Sunshine on its remaining projects, and...

...From left: Studio Square in Long Island City and the Standard Motors Building, also in Long Island City After Manhattan and Brooklyn...
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Halstead Property Development Marketing
...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...

Streeteasy
...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...
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