July 29, 2020 By Christian Murray
The Long Island City condo market is currently in a state of flux.
The market was showing signs of softening before the pandemic struck and analysts were also noting that a large supply of units were coming online.
The New York Times did a story on July 3 discussing a glut and looked at what that might mean for developers in a post COVID-19 economy.
We talk to Patrick W. Smith, a new development specialist with the Corcoran Group, about how he sees the Long Island City condo market right now.
One Comment
I Remember When L.I.C. Was A Dump And No One Wanted To Move Here!!! Rent Was Under $1000. Now A Studio Apartment Goes For $ 2000 To $4000 ? Gentrification Is Real !!! The Rent Is Too Damn High !!! What Kind Of Job Pays Enough To Afford That ???
They Need A New Post Office For The Zip Code (11109 ).