Real Estate

FEUDIN’ N FIGHTIN’ LIC-STYLE

March 28, 2017 by editor 1 Comment

I’ve seen you ’round for a long long time
I remembered you when you drank my wine

I’ve seen you walking down in Chinatown
I called you but you could not look around

The color of your skin don’t matter to me
As long as we can live in harmony

I’d kind of like to be the President
So I can show you how your money’s spent

Why can’t we be friends?
Why can’t we be friends?
Why can’t we be friends?
Why can’t we be friends?

Have you ever walked by a building in Long Island City and thought “I wonder who owns it?” or “How does it remain ‘as is’ in light of all the changes going on in the neighborhood/city?” Real estate investing is idiosyncratic. Unlike a stock or a bond, which can easily be compared, quantified, and traded, every single home, building, and piece of land is unique. So are the circumstances behind their ownership.

Proof of that comes in a story today about [Read more…] about FEUDIN’ N FIGHTIN’ LIC-STYLE

IS LONG ISLAND CITY PLAYED OUT?

March 16, 2017 by editor Leave a Comment

Where's the guy with the inside scoop? — Where’s the guy with the inside scoop?

SO, the annual LIC Partnership Real Estate Breakfast took place this morning. There is not a lot to share. While it’s still a great event to network at and meet the big local RE players – many of whom were in attendance, the presentation and panel were a little stale. Now in fairness, I’m not sure there’s much meat left on the bone in terms of the LIC transformation. At this point we can tangibly see a lot of the growth, and that which is on the drawing boards has already been revealed. Furthermore, there are few, if any, undiscovered gems, as most landowners are aware of what’s going on, some a little too optimistically.

In light of this, the LICP Breakfast line-up needs some pizzazz. Might I suggest [Read more…] about IS LONG ISLAND CITY PLAYED OUT?

MARCH MADNESS: SNOW DAY OFFICIAL TOMORROW LIC

March 13, 2017 by editor Leave a Comment

March Madness: just last week we had spring training in shorts

GET out your sleds kids, the NYC Department of Education (DOE) has declared tomorrow a Snow Day. Yes, Snow Day is capitalized according to Webster’s, as it is both a holiday and a holy day – at least as far as public and parochial schools go. Best of all, by calling it early, the DOE has given cover to everyone to sleep in and uhh …work from home. As for myself, it gives me more time to “work” on my brackets and run thru a dress rehearsal for St. Patty’s Day.

//LAST July we did some calculations and made the call that the townhouses being built on the south end of Murray Park we’re going to lead to [Read more…] about MARCH MADNESS: SNOW DAY OFFICIAL TOMORROW LIC

NEW CONDOS STILL SELLING LIKE HOTCAKES IN LIC

February 28, 2017 by editor 2 Comments

5Pointz about to cast its 40+ story shadow on Iglesia de Cristo and Murray Park, and the benefits are? — 5Pointz about to cast its dual 40+ story shadows on Iglesia de Cristo and Murray Park, and the benefits are?

ACCORDING to an article this weekend in Crain’s, The Harrison, a 27-story/120-unit condominium in Court Square, is 60% sold despite the fact that it won’t be completed until June, and thus doesn’t even have a model apartment to exhibit. In addition, the article mentions that all 33 condos in The Marx are sold.

The latter building is located on the Astoria/LIC border across the street from the Kaufman Studios. Heretofore I’d refer to this as a no-man’s land, yet [Read more…] about NEW CONDOS STILL SELLING LIKE HOTCAKES IN LIC

MORE CHANGES COMING TO VERNON BLVD & MORE TACOS

February 22, 2017 by editor 3 Comments

After being vacant for six years, a not-so-new tenant comes along

HUNTERS Point Dental will be moving to new and bigger offices at the base of One Vernon Jackson. This prime new location, on Vernon Boulevard just south of Cafe Henri, has been vacant since the building’s construction in 2010. Moreover, HP Dental’s previous home three storefronts north of Dorian’s Diner (49-13 Vernon Boulevard), will now be open to a new tenant for the first time in 32 years! [Read more…] about MORE CHANGES COMING TO VERNON BLVD & MORE TACOS