The Real Deal’s Eddie Small appeared on Cheddar Wednesday to discuss how Amazon’s potential move to Long Island City could impact the Queens neighborhood.
Amazon is reportedly planning to split its long-anticipated second headquarters between Long Island City and Crystal City in Arlington, Va., and if the move pans out, it could help fill up the rapidly increasing number of residential units in Queens.
“There are a ton of new large-scale residential development projects coming up in the neighborhood, and it’s actually made some brokers a little nervous about oversupply, like too many residential units coming for not enough people,” Small said. “If Amazon does go through with HQ2 in Long Island City, that concern is basically out the window.”