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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

01/15/19
...Group paid just shy of $80 million for a Long Island City development site that had been the subject of a lawsuit with the property’s...

01/14/19
...for Amazon, which chose to open offices in Long Island City, thanks in part to its wealth of transit options.) Further complicating matters for Williamsburg...

01/14/19
...to build a $2.5 billion second headquarters in nearby Long Island City, Newsday reported. Nassau officials said they could possibly give tax breaks to proposed apartments...

01/14/19
...to build a $2.5 billion second headquarters in nearby Long Island City, Newsday reported. Nassau officials said they could possibly give tax breaks to proposed apartments...

01/14/19
...is bringing half of its second headquarters to Long Island City, is close to signing a lease for about 10,000 square feet in the famed property...

01/14/19
...QPS Tower, 365 Bond Street and Queens Park Plaza Long Island City was home to the largest outer borough loan last month for the third time...

01/11/19
...The Factory in Long Island City A children’s entertainment company based in Canada is more than doubling its foothold...

01/09/19
...throughout the U.S. Chinese buyers headed to Long Island City, for example, after Amazon announced plans for a campus in the Queens neighborhood. — Meenal...

01/08/19
...developed the property. 10) Club Pilates, 21-30 44th Drive, Long Island City - 3,922 square feet The pilates gym signed a lease for nearly 4,000 square feet of...

01/08/19
...are at odds over Amazon's new headquarters in Long Island City. Stuart Appelbaum, head of the Retail, Wholesale and Department Store Union, held a rally...

01/08/19
...because it could benefit from its proximity to Long Island City, where Amazon is now gearing up to build a massive campus. The Amazon news...

01/07/19
...LIC, its apartment complex on Purves Street in Long Island City. Rabsky received a $65 million loan in November from an unnamed financial institution for its...

01/07/19
...West Side, 420 Kent in Williamsburg and 5Pointz in Long Island City. – Eddie Small...

01/07/19
...commercial properties like Sam Chang's new hotel in Long Island City...

01/07/19
...planning on developing a $240 million biotech center in Long Island City with lab-space landlord King Street Properties...

01/04/19
...Elghanayan and renderings of 52-03 Center Boulevard in Long Island City (Credit: CityRealty) UPDATED, 2:15 p.m., Jan. 4: The city has provided TF Cornerstone with about...

01/03/19
...Trying to keep up with the development in Long Island City and the fallout from Amazon's move to the neighborhood? Check out The Real Deal...

...because it could benefit from its proximity to Long Island City, where Amazon is now gearing up to build a massive campus. The Amazon news...

12/31/18
...provided readers with think pieces on what made Long Island City a finalist and how Amazon’s presence could turn the westernmost Queens neighborhood into...

12/31/18
...announced it will open two new headquarters in Long Island City and Crystal City, Virginia. The company could occupy as much as 8 million square feet...

12/31/18
...received about $134.2 million from Berkadia to refinance its Long Island City apartment complex on Purves Street. The financing package for the development, known as Halo...

12/28/18
...No. 1 project on the list: Skyline Tower in Long Island City. It’s set to be Queens’ first condo project to hit a $1 billion sellout...

12/28/18
...new firm in November when they sold a Long Island City site for $31 million. Eastdil’s hotel honchos split for Newmark In the first big...

12/27/18
...previously teamed up on another ambitious project, a Long Island City tower with 182 units at 22-12 Jackson Avenue. With a projected sellout of $225 million, it...

12/27/18
...and the JACX at 28-10 Jackson Avenue in Long Island City. The former, which is designed by the Bjarke Ingels Group, is the developer's biggest...

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...