A thousand reasons to love Long Island City. Tips: Editor@LICtalk.com
AS Summer 2020 winds down, one looks back at the many regularly scheduled events that did not occur this year: Warm-Ups at MoMA PS1; Live At The Gantries, Taste of LIC, Evening Movies At The Oval, etc.
[Read more…] about There Was No Summer 2020 In LIC, And Yet
A reader tipped us off that according to the Citizen App another person jumped from the tower 4545 Center Boulevard last night. Around 9pm a passel of police cars zoomed to the site, followed quickly by a large area cordoned off with police tape – though the app mentioned this person landed on the 7th Floor rooftop of the building. If so, this is the second jumper this year in this building, and the fourth known fatal jumper along Center Boulevard this past decade.
[Read more…] about Another Apparent Suicide On Center Boulevard in LIC
Long Island City got rocked by Tropical Storm Isaias yesterday, especially near the waterfront, but when all is said and done it’s still rolling. As one long time resident with a battered terrace described it “the wind was even worse than Hurricane Sandy.” ((yet Sandy inflicted much more severe flooding))
[Read more…] about LIC Rocks But Doesn’t Roll In Tropical Storm
Call me Nostradamus. No, no I wouldn’t want the heavy weight of knowing what the future holds, especially these days. How about the second coming of John Paulson? Sadly it would just be a fantasy as my large wager was only in my head. Like the bottom of the Mets batting line-up, two strikes and I may as well be out. Nevertheless my call for a 15% reduction in monthly apartment rents is looking very prescient these days given a recent Crain’s report indicating two months free rent ((14 months for the price of 12 = 15% lower per month (12/14 = .85) ))is becoming more normal in NYC.
[Read more…] about Prescient But Not Precocious In LIC
It’s been almost two months since we gave our predictions for real estate in Long Island City in the shadow of Coronavirus, what’s transpired so far? Well inspiring me to do an update so quickly, was an article late last week in The New York Times highlighting the number of new apartments available in LIC. Less inspiring have been the multiplicity of articles saying prices are going down/haven’t really gone down much/dire predictions for the future of NYC real estate/minimal sales & leases signed since the shutdown, blah blah blah – all of which contained spotty data and little of value.
The NYT article had facts, and best of all they were specific to LIC. Oh, and Greenpoint too. And the combination of available units and soon-to-be available units in both locales ain’t good – unless you’re a prospective buyer!
[Read more…] about Long Island City Real Estate: The Latest