Long Island City becomes NYC Hottest Luxury Market
Posted by Joe Tornberg
Visit My Blog
Sign in or sign up to leave a comment
A former industrial wasteland in NYC, Long Island City has beome it's hottest luxury market. Over the last 15 years, LIC has been redeveloped and as a result added over 12,500 new units since 2010, with 9,000 more coming on the market in 2017. LIC has a mediam rent of just under $3,000 and a sale price of $1million. This compares to across the river in Manhattan where spaces are smaller of $3,400 for rent and over $2 million for purchase price of residential property.
https://www.realtor.com/news/trends/long-island-city-apartment-boom/
Photograph posted on Flickr by Gabe Shore
If you enjoyed this post, please consider sharing it with others.
Sign in or sign up to leave a comment
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
Advertisement
Joe Tornberg’s Blog Archive
Advertisement
Saved
