logo RERT
Need more information?
Call UsBook a meetingContact on WhatsAppSend email

Explore Long Island City Neighborhood in New York City

Real Estate New Developments

General Information

Long Island City (LIC), located in the western part of Queens, is one of New York City's most rapidly developing neighborhoods. Positioned just across the East River from Midtown Manhattan, LIC offers stunning views of the Manhattan skyline and easy access to the city’s major business, cultural, and entertainment centers. Once an industrial area, Long Island City has transformed into a vibrant, diverse community known for its art scene, restaurants, and residential developments. The neighborhood combines a rich history with modern urban living, offering a unique mix of old warehouses, sleek new skyscrapers, and waterfront parks. It’s a popular destination for young professionals, families, and artists looking for proximity to Manhattan while enjoying a more affordable and spacious living environment.

Real Estate Information

Long Island City's real estate market has experienced significant growth and transformation in recent years. Once dominated by industrial buildings, the area now features a diverse range of housing options, from luxury high-rise condominiums and modern rental buildings to converted industrial lofts. The rapid gentrification of the neighborhood has led to rising property values, especially in areas along the waterfront, which offer breathtaking views of the Manhattan skyline. While still more affordable than neighborhoods in Manhattan, LIC is increasingly attracting affluent buyers and investors, drawn to its prime location, modern amenities, and strong rental demand. With ongoing development projects and easy access to public transportation, including the 7 subway line and ferry service to Manhattan, Long Island City remains one of the most sought-after areas for real estate investment in New York City.

Historical/Interesting Facts

Long Island City has a deep historical legacy, dating back to its origins as an industrial center in the 19th century. The neighborhood was initially developed in the 1850s and became known for its shipyards, factories, and transportation hubs, including the construction of key bridges and railroads. In the 20th century, it became one of New York’s major manufacturing districts, home to various industries, including steel, oil, and cement. However, as the industrial sector declined in the latter half of the century, LIC began to see changes, with many factories and warehouses closing or being repurposed. The 2000s marked the beginning of a significant transformation for the neighborhood, with large-scale residential and commercial developments reshaping its landscape. Today, Long Island City retains much of its industrial heritage, with iconic buildings like the Pepsi-Cola sign and the waterfront gantries serving as reminders of its past, while embracing its role as a thriving cultural and residential hub

Properties Statistics

Total Properties

122

Median Asking

$1,140,259.16

Sale Price/ft²

$1,428.39

Average Home Size

757 ft²

Average Home Age

10 years

Based on results from 122 properties

Buildings in this Sector

FAQ about Long Island City