THE Hunters Point section of Long Island City took the second spot on a Top-10 list of ‘Neighborhoods to Watch’ compiled by StreetEasy. The ranking was based on the greatest increases in searches from 2022 to 2023 on StreetEasy among buyers and renters.
The press release that accompanied the list also stated that the median Hunters Point property had a 5.8% increase in asking price year over year from 2022 to 2023, and a 5% y-o-y asking rental price. Asking price is asking, and sometimes people say ‘no.’ Actual transaction prices are a little more real, and on those the numbers are few and far between for 2023, for sales anyway.
But that’s all behind us anyway, as for what 2024 holds for residential real estate in LIC, I really don’t know. My bigger question is why are so many people looking to live in Sunset Park, Flatbush, and …Greenwood? Yeah, that’s a total mystery.
//Culture Lab Re-Opens on February 1st with three new exhibitions. After spending the Holiday break and month of January cruising the Caribbean, the ‘Lab’ crew quietly WF
HS to put together ‘Culture’ for you, LIC. Read all about the exhibitions in the link below, but given the local subject matter I’m especially intrigued by ‘We Are Queensbridge: Portrait Series.’ Photography taken by a group of female photographers, all over the age of 65, who live at the Queensbridge Houses. They are holding an opening reception on February 1 from 6-9pm including live music and savory bites. Yay Culture Lab!
//H-Mart, the Korean Mega-Grocery, is turning part of its LIC store into a Food Court with several stalls opening in early April. Before then, it’s a fun day-trip for the family on a cold day. I’m not sure if they’re still doing the pig and tuna butchering shows like in the pic above, but it’s still a foreign outing that doesn’t require a plane ticket.
10-04 Borden Avenue Nears Completion in Long Island City – aka iFly Indoor Skydiving