THE red trim at 46-18 Vernon Boulevard reveals that the new restaurant coming to this corner will be called Dai Hachi. [Read more…] about DAI HACHI COMING TO VERNON BOULEVARD IN LIC
DAI HACHI COMING TO VERNON BOULEVARD IN LIC
SUMMER SLUMP IN LIC
LIKE clockwork the Mets have reached the cellar of the NL East so summer is officially in full-swing. Thus summer hours have kicked in here at the newsroom and the interns are doing all the work. As The Editor, I [Read more…] about SUMMER SLUMP IN LIC
GLUT, TAXES, AND MASSIVE CONDO TOWER GETS GO AHEAD IN LIC
There’s a bright golden haze on the meadow,
There’s a bright golden haze on the meadow,
The corn is as high as an elephant’s eye,
An’ it looks like its climbin’ clear up to the sky
For the first couple of years of its existence, LICtalk would offer it’s financial predictions on every type of building in Long Island City in an annual post entitled “Real E-State of The Union 20–” Since the last one in 2015, one could extrapolate the projections and pretty much end up where things are currently. In light of some recent developments I’m going to cut to the chase and talk about what readers care most about: condos and rentals. Or maybe it’s condo or rental? [Read more…] about GLUT, TAXES, AND MASSIVE CONDO TOWER GETS GO AHEAD IN LIC
JULY 4, WERE YOU THERE?
Woodstock ’69, were you there? How about Gantry 2018 for July 4? If you were you were among the masses as seemingly [Read more…] about JULY 4, WERE YOU THERE?
CITYLIGHTS TAX SAGA, TWO LESSONS FOR ALL LIC CONDO OWNERS
Just as the tax abatement for the Citylights Building was about to start rolling off, NYC boosted the buildings assessed value by 87%. For good measure they tacked on another 5% this year. The near doubling in possible tax payments has the co-op’s residents looking at a 50% increase in already steep monthly maintenance over the next five years, which if implemented on this tower of over 500 units will force out many residents who can no longer afford to live there.
You can read the story below for more details. Instead I’d prefer to focus on two takeaways that all apartment owners in [Read more…] about CITYLIGHTS TAX SAGA, TWO LESSONS FOR ALL LIC CONDO OWNERS