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
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
WHEN the cupboards are barren we talk about real estate here at LICtalk. And why not, it’s been awhile since our last update and things change fast in
these times a pandemic. It’s been six years since we last officially ran this series, today we’re going to do a modified version of it.