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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

09/21/18
...Credit: iStock) According to this week's market reports, Long Island City posted the highest number of approved residential permits in the city and more than...

09/20/18
...with real estate private equity firm Savanna in Long Island City at One Court Square — the 1.5 million-square-foot office and retail building that Savanna acquired a...

09/17/18
...Group in its $284 million acquisition of 1QPS in Long Island City. The 391-unit building was developed by a joint venture that includes the Hakim Organization...

09/15/18
...of opportunity. Last December, the firm bought a Long Island City development site from Property Markets Group and the Hakim Organization for $173.4 million. The partners...

09/14/18
...million were delivered in a two-block radius in Long Island City. And despite talks of a slowdown in the city’s hotel market in recent...

09/14/18
...and The Forge at 44-28 Purves Street in Long Island City (Credit: Facebook and renttheforge) UPDATED, Sep. 14, 3:36 p.m.: The Forge, a new luxury rental...

09/14/18
...The Wing. On Sept. 21, Bisnow is hosting its Long Island City State of the Market event from 7:30 a.m. to 11 a.m. at the Paragon...

09/13/18
...its purchase of the Clock Tower site in Long Island City, where it is planning a 958-unit rental building. TRD’s analysis showed Durst with...

09/12/18
...are clustered in a light manufacturing zone in Long Island City. (Credit: Google Earth) Outer-borough hotel construction has been on a roll lately, with new...

09/12/18
...access proprietary data; the suits were ultimately settled. Long Island City...

09/11/18
...a 34,000-square-foot lease at the Falchi Building in Long Island City. And when Regus’ lease at the Helmsley Building was coming due last year, it...

09/11/18
...of Manhattan and more expensive Queens neighborhoods like Long Island City. Blackstone Property Partners is making the investment. The fund also owns Kips Bay Court...

09/05/18
...include 167 Willoughby Street in Brooklyn, the Lanes in Long Island City and 199-201 Chrystie Street in Manhattan. In March, Ranger and a group of partners...

09/05/18
...access proprietary data; the suits were ultimately settled. Long Island City...

...its purchase of the Clock Tower site in Long Island City, where it is planning a 958-unit rental building. TRD’s analysis showed Durst with...

...million were delivered in a two-block radius in Long Island City. And despite talks of a slowdown in the city’s hotel market in recent...

...access proprietary data; the suits were ultimately settled. Long Island City...

08/31/18
...on an investment at 28-90 Review Avenue in Long Island City  and partnered with Square Mile Capital last year to buy the Whitestone Multiplex Cinemas...

08/31/18
...proximity to the city, like Brooklyn Heights and Long Island City, command Manhattan-like prices. But as you travel farther in those boroughs, it's a different...

08/30/18
...City View Tower at 23-15 44th Drive in Long Island City. The building will contain 802 units and stand 67 stories tall when completed, making it the...

08/30/18
...operated by Ollie, as part of their new Long Island City luxury rental tower, ALTA+. What’s more, investors are funneling cash into these companies...

08/28/18
...developer’s Hunter’s Point South project in Long Island City. “With the logistical issues, small number of producers and growing costs, we’d rather...

08/28/18
...Corporation bought a pair of low rise-buildings in Long Island City for $11.5 million. The properties, at 37-24 and 37-28 30th Street, offer 48,100 buildable square feet...

08/27/18
...previously purchased a site on 22nd Street in Long Island City, where he built a roughly 300,000-square-foot storage facility. The Bushwick facility will include climate...

08/24/18
...when completed, and its Clock Tower project in Long Island City will feature a 710-foot tall tower with 958 apartments...

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...