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The View From Long Island City is Magnificent

October 29, 2007

View of Long Island City from Manhattan - Roosevelt Island in the foreground.

The Long Island City Real estate market is on the rise. Savvy home buyers, renters, and businesses have lots of choices in this up and coming neighborhood. Convenience and affordability within proximity to Manhattan is a huge draw.

Real Estate Video by - Real Estate Blogger

Takeaways - The Stoler Report with Michael Stoler:

According to Michael Stoler, “The view from Long Island City is Magnificent”.

Perry Fine - LPF Realty:

It’s a case of perception versus reality
Growth is slower than he’d like
No specific demographic of people moving to LIC
People want more square footage for their dollar
7 train lines - 1 stop to Manhattan
LIC has a beach where you can play volleyball with the Manhattan skyline in the background

Mark Gold - Silvercup studios:

Every demographic is coming to LIC
Perception of value compared to other boros
Price point - $600-$800 square foot
Varying pockets of higher and lower price per square foot
Toll has a project getting $800-$1,000 ppsf

David Brause - Brause Realty:

3 hotels coming to LIC - W Hotel - Marriott Courtyard - Hilton Garden
LIC real estate is 1/2 - 1/3 of Manhattan prices
Good deals are abound

Josh Kuriloff - Cushman Wakefield:

Today - Long Island City is going through a renaissance - gentrification
You gotta see tomorrow, it’s not about today

It takes time for a neighborhood to take shape. Eventually, more amenities, businesses, restaurants and supermarkets will become available in the neighborhood. The accessibility to Manhattan and the airports is a another great reason to consider LIC as your next place to live or work.

The View From Long Island City is Magnificent

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