Two years ago, developers and sellers bemoaned Amazon’s decision to back away from plans to locate one of its headquarters in Long Island City, which would have created tens of thousands of jobs and potentially filled up the many new developments transforming this part of the Queens skyline.
Instead of an influx of tech workers, however, there’s been a different population surge among these waterfront towers. Long Island City has seen the fastest growth in residents who identify as Asian, a fivefold increase since 2010, according to a report in the New York Times, which notes that rents here are about 25 percent cheaper than Manhattan.
If you're looking to buy here, the neighborhood’s current median sales price is $630,000, and in the Hunters Point section of LIC, it’s $1,064,000, according to PropertyShark, and there are currently 198 condos listed on StreetEasy. (The median sales price for a condo in Manhattan was $1,610,00 in the third quarter as per the Elliman Report—so condos are much less expensive here too.)
Did you know you can receive a buyer’s rebate from your broker? With Prevu, you’ll receive a rebate of two-thirds of the commission paid to the buyer’s broker at closing. On a $1.5 million condo in NYC, you’d pocket up to $30,000. Click here to learn about Prevu’s Smart Buyer Rebate.
Housing is mostly new development, so you’ll likely find modern features, new finishes, in-unit laundry, private outdoor space, central air, and luxury amenities. You’ll also find many buildings with waterfront views of Manhattan—and an easy commute via ferry and a short ride on the 7, E, M, N, and W subway lines.
So if you’re looking to buy a condo in Long Island City, check out these five for sale in the area.
This one bedroom, one bath is listed for $715,000. Apartment #5A has hardwood floors, oversized windows, stainless steel appliances, recessed lighting, a walk-in closet, in-unit washer and dryer, and balcony. Amenities include a gym, package room, bike storage, and a roof deck. Monthly common charges are $390.
This two bedroom, two bath is listed for $925,100. It has high ceilings, floor-to-ceiling casement windows, recessed lighting, hardwood floors, stainless steel appliances, a smart-home system, and an in-unit washer and dryer. The building has a landscaped roof deck, storage units, and bike storage. Monthly common charges are $536.
This one bedroom, one bath is listed for $1,149,800. Apartment #803 features hardwood floors, high ceilings, floor-to-ceiling windows, central air, stainless steel appliances, two closets, and a balcony. The building has a doorman, gym, pool, lounge, roof deck, and live-in super. Monthly common charges aer $719.
This two bedroom, two bath is listed for $1,608,228. The condo has floor-to-ceiling windows, hardwood floors, several closets, a balcony, quartz countertops, Bosch appliances, central air, and an in-unit washer and dryer. Amenities include a gym, playroom, bike storage, and storage units. Monthly common charges are $705.
This three bedroom, two and a half bath is listed for $2,195,000. The corner apartment features high ceilings, oversized windows, hardwood floors, millwork, Bosch appliances, several closets, central air, and a terrace. Amenities include a sculpture garden, gym, library, pet spa, bike storage, and a live-in resident manager. Monthly common charges are $1,608.
You Might Also Like