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PODCAST: The State of the LIC Condo Market

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.

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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 ).


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