Once again The View in Hunters Point tops itself with Queens priciest condo listing at $3.58 million, and we’ve heard that it is close to a done deal, which will set yet another record for Long Island City and Queens condos. And once again, the listing is with Silvette Julian of Nest Seekers, who sold the previous record-holder about twenty months ago. At the asking price, a sale would equate to almost $2,000 a square foot, but apples to apples comparisons would be very misleading in this case. First of all, it’s a 3-bedroom, an extreme rarity in this town1, for which buyers pay a big premium. But what really makes this apartment one-of-a-kind are its 17-foot ceilings and its backyard overlooking the midtown skyline!
For a number of reasons, I’ve sat on this news for two weeks2, and while it makes a great headline, there is a much bigger story going on here in LIC in the last month or so. Take a look at these local headlines:
Feb. 13 “LIC’s Vere Has Queens Priciest Listing at $3.1 Million”
Feb. 18 “Feng Shui Certified LIC Condo Building Sells Out” –The Vista, 48 units
Mar. 5 “LIC Condos Sell Out in Less Than a Year” –The Bindery, 20 units
Mar. 14 “Shusters 5-27 In Long Island City Sells Out” –27 units
Mar. 14 “$2.15 Million Townhouse Sale Sets Local LIC Record” –by local they mean Ct. Square, not all of LIC
Mar. 18 “LIC Warehouse Building Sells For $20 Million Profit(50% return) In One Year”
Mar. 19 “Tight Market Has Buyers Snapping Up Apartments Sight Unseen”
Mar. 19 “44-27 Purves Street Apt. 3B Heads Into Contract at Full Ask”
So dear readers, I’ve brought you the breaking headline, and assembled the anecdotal data, it is time for you to come up with your own headlines and stories for what’s happening in Long Island City real estate in early 2014. Feel free to go whole hog in the comments section, or you can just a few weeks for my own brilliant analysis and predictions.
4630 Center Boulevard #107 $3,580,000– it’s been there on StreetEasy the whole time
Nest Seekers Listing of #107 – read it and weep. Whether you can afford it or not, it’s probably not available.
Here’s the News On the Previous Record Holder – from July of 2012
calpio saysMarch 30, 2014 at 9:57 pm
It’s on the ground floor???
calpio saysMarch 30, 2014 at 9:58 pm
Do they throw in 400 feet of 17′ tall curtains?
reddy kilowatt saysMarch 31, 2014 at 4:58 am
that is alot of $$
i live next door and look out to these units from my apt
the backyard thing is nice but way too much money for that unit imo
good luck to the buyer
Dog Man saysMarch 31, 2014 at 6:42 am
“Bubblesque” would be my headline
Amadeo Plaza saysMarch 31, 2014 at 6:59 am
When people start to realize that LIC has more in common with Midtown Manhattan, from a real estate perspective, than anywhere else in the outer boroughs, I think they’ll stop acting so surprised. When you buy property, it’s a long term investment. 10 years from now, LIC will be like downtown Brooklyn, with a 10 minute commute to midtown. That doesn’t mean this isn’t a high price tag. But it also doesn’t mean the neighborhood won’t grow into it.
Anonymous saysMarch 31, 2014 at 2:07 pm
5, 6 years ago, people thought $500,$600/sqft price tags in LIC were crazy expensive, not worth it.
reddy kilowatt saysApril 1, 2014 at 5:16 am
its not like the 7 will be crowded lol
lic will be overflowing in the next 12-18 months
where are the services?
no supermarket just a bunch of bars and restaurants
doggie daycares and kiddie places
enjoy it now
Anthony saysApril 1, 2014 at 8:50 am
Long Island real estate got so expensive that service people and middle income people (teachers etc.) can’t afford to live there.
Anonymous saysApril 1, 2014 at 9:07 am
@Anthony – How long have you lived in the area? Have you heard of this thing called Hunters Point South?