Modern Spaces is marketing multiple condos in Long Island City near the $3 million mark. The high luxury listings reflect surging prices in the neighborhood, according to Eric Benaim, CEO and founder of the real estate firm.
Real estate firm Modern Spaces, which Eric Benaim launched in Long Island City in 2008, announced Monday that it is opening its sixth location in six years and its second in Astoria in October, hoping to hit a home run with the area as it did with its original neighborhood.
A report by residential brokerage firm Modern Spaces shows that while the average square footage of apartments of new developments are decreasing in the burgeoning neighborhood, the average price per square foot is rising.
The Long Island City real estate community gathered for a morning discussion of the area’s market at a special breakfast on Thursday, April 25. Local real estate entrepreneurs met and shared their ideas over bagels and coffee. At a panel discussion moderated by realtor David Brause, participants shared views on the booming LIC real estate […]
In order to separate from the confusion of being mistaken with Long Island, officials and business leaders are looking to change the name of Long Island City to the “hip” abbreviation “LIC.” After meeting with travel agents from around the world to introduce them to New York, Rob MacKay of the Queens Tourism Council, frequently […]
Strollers are becoming a more familiar sight along the Long Island City waterfront. But they are not the only sign that more families are moving to the area. Increased demand for three-bedroom apartments, especially in the new residential buildings along the LIC waterfront, also reflects the changing demographic. “We are definitely seeing more people looking […]
Watch out Williamsburg— Long Island City is quickly becoming the in-demand waterfront neighborhood. More renters are coming to the western Queens area for the short commute to midtown Manhattan — and for Long Island City’s growing amenities. The number of rental buildings is also rapidly developing in the neighborhood. Leading the way is TF Cornerstone, […]
With economies around the world foundering, the Queens housing market appears to be floating just fine. According to data from the Real Estate Board of New York (REBNY), Queens had the most home sales of any borough in the first quarter of this year with 2,919 – representing a 13 percent increase from last year. […]
End of an era in North Korea: Kim Jong Il dies after nearly two decades in power North Korea’s Communist leader Kim Jong Il, whose nearly two-decade reign of power was marked by nuclear threats against his neighbors and a stifling of freedoms for his own people, has died. North Korean television announced Sunday night that […]