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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

01/19/18
...two-tower development in the Queens Plaza section of Long Island City, dubbed the JACX, is being developed with the Doha-based investment firm Qatari Diar. It...

01/19/18
...Credit: Google Maps and Treetop Development) Astoria and Long Island City might be the darlings of the Queens real estate market, but they were fairly...

01/18/18
...were spread across the boroughs, three were in Long Island City alone. Here are the 10 largest developments to receive a Temporary Certificate of Occupancy in...

01/17/18
...Read the report here. Sales | Stribling In 2017, the Long Island City condominium market reached an all-time high in terms of average sales price ($1.10M) and...

01/12/18
...number of hotels either built or planned in Long Island City since 2010 — the most of any outer-borough neighborhood. The runner-up neighborhood, Jamaica, had 26 projects. The...

01/11/18
...on megaprojects such as a six-tower development on Long Island City’s waterfront clustered around the neighborhood’s iconic PepsiCo sign. The company bought the...

01/11/18
...million loan to refinance the Center Building in Long Island City. Mitsubishi UFJ Financial Group, a Tokyo-based lender with a New York office at 230 Park...

01/11/18
...plays would throw up a building in Williamsburg, Long Island City or Bushwick and watch the buyers and renters flood in. But those neighborhoods have...

01/11/18
...set records moving forward. “It all started in Long Island City, and it’s actually spread to Astoria,” he said. “I think what we’re...

01/09/18
...m., Jan. 9: TF Cornerstone has scooped up another Long Island City property, buying 38-21 12th Street for $25.5 million. The one-story industrial building spans 70,200 square feet...

01/08/18
...their debut Queens project in July, a 182-unit Long Island City condo. That project has a projected sellout of $225.5 million, making it Queens’ most valuable...

01/08/18
...to people who might live in Manhattan or Long Island City or Brooklyn. Urban-type living, fully amenitized like you’d have in those types of...

01/08/18
...a 66,000-square-foot building at 29-00 Northern Boulevard in Long Island City. The mixed-use project designed by Li Architect will stand 28 stories tall and contain 82 residential...

...to people who might live in Manhattan or Long Island City or Brooklyn. Urban-type living, fully amenitized like you’d have in those types of...

01/03/18
...is planning to bring another condominium project to Long Island City after purchasing land near the waterfront for $24.5 million. The highly leveraged deal, which includes...

01/02/18
...a 142-key hotel at 38-04 11th Street in Long Island City, and he landed a refinancing package of $83 million for his Holiday Inn at 585 Eighth...

01/02/18
...at work on a 67-story story tower in Long Island City that would be Queens’ tallest building...

01/02/18
...bought the huge clock tower development site in Long Island City a little more than a year ago, it scrapped the previous developers' plans to...

...two-tower development in the Queens Plaza section of Long Island City, dubbed the JACX, is being developed with the Doha-based investment firm Qatari Diar. It...

...number of hotels either built or planned in Long Island City since 2010 — the most of any outer-borough neighborhood. The runner-up neighborhood, Jamaica, had 26 projects. The...

...plays would throw up a building in Williamsburg, Long Island City or Bushwick and watch the buyers and renters flood in. But those neighborhoods have...

12/29/17
...filed plans for a 56-story, 800-unit building in Long Island City. The project, planned for 52-03 Center Boulevard, represents SLCE's largest new gig this year...

12/29/17
...TF Cornerstone proposed a 776,624-square-foot residential building in Long Island City. The 56-story, 800-unit building will rise 587 feet and is part of TF Cornerstone's Hunter's...

12/29/17
...Group) Sam Chang is joining the jam packed Long Island City hotel market. The developer’s McSam Hotel Group has closed on the $7.8 million purchase...

12/27/17
...America claimed this was a clerical error. In Long island City, Adam America and China Vanke are developing a 182-unit condo at 22-12 Jackson Avenue...

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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