LAST week I received an email from a reader who shared that the rent on her 3-br was recently increased from $6,900 to $7,900 a month. ‘Interesting data point’ I thought whilst simultaneously calculating in my head its equating to a 14.5% boost and wondering ‘I’ve seen the recent “Highest NYC Rents Ever” headlines of the past month, but what other local semi-anecdotal data points are available out there?’[Read more…] about Long Island City Rents & Other Real Estate Stuff
FIVE million dollars, that’s all it takes to be The King of LIC. In Manhattan $5mil is chump change, but here it takes you straight to the top. The apartment in question, surprisingly enough, is not located in The View along the waterfront. Nor even in the flashy new Skyline Tower. Nope, this one is a combined unit in the Arris Lofts, heretofore known for its expansive yet reasonably priced units in an out-there location on Thomson Avenue. These days it’s not so out-there, and thus no longer so reasonable. But the apartment is a beaut, so it’ll be interesting to see if anyone bites near the asking to own what would be the most expensive condo ever sold in LIC…[Read more…] about $5 Million Dollar LIC Condo Hits The Market
REAL estate steps back into the headlines this week. First off a pair of affordable housing lotteries in LIC were announced. The bigger one is for 288 units at the massive 71-story Sven Tower in Queens Plaza. One bedrooms are $2,189, 2-br’s $3,328, and 3-br’s are $3,843 – if you win lotto. For comparisons sake, a reminder that market rate apartments at the relatively new American Copper Towers in Manhattan had 1-br’s starting at $4,958 and 2-br’s at $8,067, and I’m guessing similar market-rate apartments along the LIC waterfront are going for a 25-35% discount to these.[Read more…] about Affordable Housing Lotteries Yes, Micro Hotel No In LIC
The LIC Post reports that the city is preparing an RFP for the final two parcels of land in Hunters Point South along the waterfront. While the development of these adjacent plots into massive residential towers has been all but set in stone, in light of recent movements a sprinkling of dissenters has sprung up calling for an alternative.[Read more…] about New Field In Hunters Point? Sure, Why Not?
ACCORDING to the Citizen app a driver was carjacked at gunpoint at the intersection of Jackson Ave and 50th Ave around 6am Tuesday morning. Not overly surprising, we may live in Mayberry but the rest of the metropolis is omnipresent.[Read more…] about LIC Conundrum