Tag Archives: Modern Spaces

Report: LIC land prices nearly hit $300 per buildable square foot


| lguerre@queenscourier.com

Chart courtesy of Modern Spaces

Soaring land prices in Long Island City are hitting record highs for the neighborhood, according to the Moderns Spaces 3Q report released Thursday.

The price per buildable square in LIC jumped to an unheard of $250-$300 in this past quarter for some properties, the report said. The average land prices are above $200 in prime areas.

The price surge is mainly due to the demand for bigger projects aimed at larger family-size apartments, according to the report.

“The properties that are being acquired at those price points will most likely all be condos as they don’t make financial sense as a rental product with that high of a land base,” the report said. “But as condo prices rise in Manhattan and in Brooklyn, it’s naturally going to drive the buyer who is getting priced out of the areas to Long Island City or Queens as a whole.”

Meanwhile, for commercial and investment properties, the report found that in south Long Island City — areas near the waterfront, Hunter’s Point, Court Square, and Queens Plaza — land values eclipsed an average of more than $200 per buildable square foot and some properties have hit prices almost as high as $300.

But Modern Spaces predicts this trend will not continue.

“Despite demand being as strong as it has ever been, we predict the market will level in the $225 – $250 per buildable square foot range depending on exact location,” the report said.

Although land prices in Astoria have not hit an average of $200 per buildable square foot yet, not to be left too far behind, land prices in the neighborhood doubled in the past year with some properties eclipsing $200 per buildable square foot, according to the report.

 

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Q&A: Modern Spaces VP explains Long Island City commercial market


| lguerre@queenscourier.com

Photo courtesy of Evan Daniel

Evan Daniel joined Modern Spaces in August as the executive vice president of the firm’s new commercial property division. Before landing at the Long Island City-based real estate company, Daniel worked with Massey Knakal since 2006, covering Long Island City and Astoria. Daniel, who has been married for almost a decade and has two children, also enjoys coaching basketball to seventh- and eighth-grade children at Yeshiva of Central Queens.

In a question-and-answer session with The Courier, Daniel explained the current status of the commercial market in Long Island City and the problems it faces. 

Courier: What is the status of the commercial market in Long Island City?

Daniel: “White-hot and crazy. It doesn’t make sense. We are seeing land values that have literally tripled in a year. We shot passed $200 [per buildable square foot] earlier this year and in the best parts of Long Island City you’re seeing $225, $230, $250, and quite frankly people look at it as a bargain. Some people just look at Long Island City as a comparison to Williamsburg and they say ‘Well, in Williamsburg we’re paying $300 or $400 a buildable square foot.’ In Manhattan it’s over a $1,000. So in Long Island City, it looks cheap.”

Courier: Who is investing into the market?

Daniel: “The money coming into Long Island City is mostly foreign capital right now. I’m on the phone almost every night with investors from Shanghai, and they’re 12 hours ahead so you know what, they start their day 8:30 a.m. in the morning, that’s when I’m finishing my day, 8:30 p.m.”

Courier: How are these foreign investments affecting the market?

Daniel: “It keeps prices arbitrarily high. I can tell you the numbers today are much higher than what they should be and there is a lot of product coming on the market and I think right now a lot of speculation. I think there is going to be some sort of correction in the market where these numbers will come back to Earth a little. They probably already would have, if not for the influx of foreign capital.”

Courier: What would you tell someone that owns property in Long Island City now?

Daniel: “I don’t think we are going to $300 a buildable foot. My advice to sellers or owners if you have a development site is to build up when you have financing available, find a partner to build with you or sell it to somebody who is going to build.”

Courier: Now that more people are living in Long Island City, do you see more office and retail developments coming?

Daniel: “If you moved into this market with the first wave of developments six or seven years ago, it was dead at night and weekends. You’re starting to see more influx of retail. We need to see more big-box retail. Retail definitely will come and it should be able to come, because now you have so many people here and you have tremendous amount of jobs, and employees are here during the day, so now you can sustain retail.

“Office is difficult to say. Because it’s needed and it should happen and we are going to get a tremendous amount of demand we hope in the next couple of years as Roosevelt Island continues to build the Cornell Tech campus and that is going to create a lot of tech jobs and more creative jobs instead of more intensive labor jobs. The question is where are they going to go? Because there is no new construction of new office space and there is no incentive for developers to build new office space, because new office space is not as valuable as residential. So if I have a residential zoned area and I am a developer and I now have to pay $200 a buildable square foot, I can’t justify doing an office building. I will make less money on my office building than I would on my rental building.”

Courier: What must happen to get developers building more office space?

Daniel: “The city needs to figure out some sort of incentive to developers, whatever it may be, for somebody to build new offices. If [Long Island City] had these offices it will keep people here and it’ll give people incentive to stay here or come here, which will help the overall market. You will have your office market, you will have your retail market, and you will have your residential market, and they’ll all be in one mini-city in LIC.”

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Downtown Jamaica commercial portfolio near trains selling for $6.2M


| lguerre@queenscourier.com

Photo courtesy of Modern Spaces

A mostly vacant row of buildings in the heart of downtown Jamaica with lots of room to build up has been listed for $6.2 million, according to Modern Spaces, which is marketing the properties.

The listing includes four lots with two-story attached buildings beginning at 97-01 to 97-09 Sutphin Blvd., and is the first listing in Jamaica for the new commercial division of Modern Spaces, which is based in Long Island City. Currently, a church occasionally uses part of the building for service and a deli is another tenant.

The properties have about 10,000 square feet combined, but nearly 50,000 square feet of buildable space, according to Evan Daniel, executive vice president of Modern Spaces’ commercial division.

The building has a C4-5X zoning, and could be demolished, Daniel said.

He added that it is a likely possibility that developers could buy with the intention to build up since the buildings are placed in an attractive location.

The E and J subway lines and the Jamaica LIRR station are just three blocks away, meaning it’s just a short train ride to Manhattan. The AirTrain to John F. Kennedy Airport is also just a few blocks away as well, and downtown Jamaica has lots of foot traffic because of the huge amount of retail in the area.

The property is owned by 901 Honeywell LLC, which could make a substantial profit after purchasing the buildings back in 2007 for $3.4 million, city records show.

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Modern Spaces set to open new Astoria office in October


| lguerre@queenscourier.com

Logo courtesy of Modern Spaces  

Modern Spaces is now batting six for six in the retail estate office game.

The firm, 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.

In a recent interview with The Courier, Benaim said he sees tons of potential in Astoria, which has already begun to see an influx of new development, and is why the neighborhood was chosen for the new office at 34-16 30th Ave.

“We are very happy to expand our Astoria reach with this new office, and are proud to be part of this community,” Benaim said. “The timing is opportune for us, as we have three new projects in Astoria that will be hitting the market early next year.”

The new office will be about 2,000 square feet and will house 25 agents. It will also have an outdoor garden space for events.

Lifelong Astoria resident Greg Kyroglou, who is the current managing director of the first Astoria location at 29-20 23rd Ave., has been promoted to managing director of the new office. He will also run the original Astoria location as well.

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Q&A: Modern Spaces CEO explains real estate in LIC


| lguerre@queenscourier.com

Photo courtesy of Donna Dotan Photography Inc.

Eric Benaim founded real estate firm Modern Spaces in Long Island City in 2008, and within a handful of years led the explosion of residential interest in the neighborhood. Over the years, he expanded the company from LIC to Astoria, Manhattan and Brooklyn, and recently, Modern Spaces announced the launching of its commercial and investment property division, tapping into another side of the market.

In a question-and-answer session with The Courier, Benaim explained the current status of real estate in Long Island City and the transformation of the neighborhood.

Courier: How did you get inspired to start working in Long Island City?

Benaim: I guess I was always a Queens boy, and I started focusing in LIC back in 2005. I was a broker focusing mostly in Manhattan and at the time there were pretty much no brokers in the neighborhood over here, so I figured I would try to make this my niche. Just walking around you see the views of Manhattan, you see there’s a lot of potential over here and I stuck with it, and obviously it paid off. The neighborhood has changed dramatically since 2005.

Courier: Did you really think it [the transformation of LIC] would happen so quickly?

Benaim: No. Literally, from my window I see cranes everywhere, and it’s just crazy to see my skyline changing every day.

Courier: What is the real estate market in LIC like now?

Benaim: There is a lot of development. There was not that many condos being developed over the last couple of years, but condos are about to come back strong. We are seeing a lot of condo projects that are going to be coming online probably by first and second quarter of next year. And in regards to rental projects, a lot developers are doing stuff now whereas before it was predominately TF Cornerstone and Rockrose. now you are seeing a lot of big developers coming into the neighborhood that were never here before.

Courier: Why do you think there is a switch from rentals to condos?

Benaim: Because land prices have gone up a lot and when land prices go up so much it just doesn’t make sense to do a rental because the return on your investment does not really pay out. So it just makes more sense financially to do a condo rather than a rental. Rental projects that are coming along, these are projects sites that were acquired probably a year or more ago when land prices were a little more affordable than they are now.

Courier: Is LIC already a successful live, work and play community?

Benaim: I think [live, work, and play] has been established here. I remember when I first started showing clients around the neighborhood, there really wasn’t anything here. Not even a supermarket. Now we have three supermarkets already, and a fourth is opening up at the LINC, the Rockrose project in Court Square. There are a whole lot of restaurants— you know, restaurants open up here every week and now we are seeing more and more boutiques and stores opening up. Pretty much everything you need is here now. And regarding play, so we do have the bars and the night life now and LIC is a huge cultural destination. We have the LIC Arts Open, the Taste of LIC, MoMA PS1, the Chocolate Factory Theater and the LIC Flea. So there’s really a lot to do as well.

Courier: What has spurred you to go into the commercial side?

Benaim: We’ve done a little commercial these past few years, mostly like retail leasing. But a lot of our clients, whether it’s landlords who we’re doing their rentals for in walk-ups or if it’s a developer who we’re marketing their building or working with them, they never really came to us in the past, because they knew us as being residential brokers. So it was kind of like business that we lost out on. And it just seemed like the right time. Queens as a whole is in the spotlight right now and there’s not really a commercial company that can offer commercial services but still insight in the residential market.

Courier: What is the next neighborhood that has potential?

Benaim: We do see a lot of potential in Astoria, and other areas like Woodside, Sunnyside, Flushing and areas like Rego Park, where we just opened up a building called The Rego Modern. We rented 10 in the first open house [at The Rego Modern] and for high prices also, which they weren’t used to seeing. So that just shows that there is a lot of interest in Queens. Being a Queens boy myself it’s just nice to see that Queens is getting the spotlight that Brooklyn had stolen from us.

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Report shows size of LIC homes shrinking, prices rising


| lguerre@queenscourier.com

Chart courtesy Modern Spaces

Long Island City home sizes are shrinking, but the prices are not.

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.

In LIC, the average apartment size in new developments has decreased 41 percent from Q1 2013 to just 828 square feet by the first half of 2014. But during that same period, the average price per square foot of homes in the neighborhood has risen 23 percent from $768 to $944.

Despite the rising prices, Eric Benaim, founder and CEO of Modern Spaces, said the decreasing sizes are actually helping to keep prices from skyrocketing in the community.

“Demand for new homes is very high in Long Island City and Astoria and we are seeing an increased number of developments in both areas,” Benaim said. “In Long Island City, developers are building more efficiently-sized residences, helping to keep overall home prices down. This trend is helping to differentiate Long Island City from the rest of the New York market. People can buy beautiful new homes in a prime location with incredible amenities without over-the-top home prices.”

The report also found the trend of rising prices in Astoria. Average price per square foot for new homes jumped to $820 per square feet by the first half of 2014, up 32 percent from Q1 2013, when it was $619.

 

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LIC Summit to highlight booming western Queens neighborhood


By Queens Courier Staff | editorial@queenscourier.com

Photo: Peter Aaron/Esto. Courtesy of Museum of Moving Image

The various traits that contribute to the boom of Long Island City will be the talk of a day-long conference dedicated to the western Queens neighborhood.

The Long Island City Partnership, along with co-hosts Modern Spaces and The Queens Courier, will showcase the first LIC Summit, called “LIC Now: Perspectives and Prospects.” The day-long event will take place on Tuesday, June 17, at the Museum of the Moving Image, located at 36-01 35th Ave., starting at 8 a.m. and will be followed by a cocktail reception and networking at 4:30 p.m. at Kaufman Astoria Studios.

“The summit is intended to really highlight the incredible authentic mixed-use community that is Long Island City and it is important not just locally but citywide and nationwide,” said Elizabeth Lusskin, president of the LIC Partnership. “It’s also an opportunity to dive into the issues that are continuing challenges for the community and a moment to take stock on how we should plan for the future.”

The LIC Summit will highlight Long Island City’s real estate market, infrastructure, arts, cultural, television and film community, industrial sector and expected future as a technology hub.

“Long Island City is experiencing an explosive change right now and is a huge economic driver for not only western Queens, but the city as a whole,” said Eric Benaim, CEO and president of Modern Spaces. “This summit was created to address the ongoing and emerging trends and needs of this transformative neighborhood.”

The keynote address will be delivered by the city’s Deputy Mayor for Housing and Economic Development Alicia Glen, and other featured speakers include Borough President Melinda Katz, Councilman Jimmy Van Bramer and many more.

“This is really meant to be a dialogue between the panelists with the audience. Everybody who is there is part of the content of the conference,” said Lusskin, who hopes the LIC Summit will become an annual event. “We really hope that we will have a really diverse and high quality audience that is both local constituents and citywide leaders.”

For more information and to register click here.

 

Below are the categories for the LIC Summit panels, which will each be moderated by experts and leaders in their industries.

Keynote Panel – LIC: Big City, Big Picture 9:15–10 a.m.

Services & Amenities: Current Successes, New Opportunities – 10:15-11 a.m.

Television & Film – 10:15-11 a.m.

Commercial & Industrial Real Estate
11:20 a.m.-noon

Keynote Speaker: Deputy Mayor for Housing and Economic Development Alicia Glen
1-1:45 p.m.

LIC as a Tech District – 2-2:45 p.m.

Residential Real Estate – 2-2:45 p.m.

Arts & Culture – 3-3:45 p.m.

 

 

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Woodside luxury building The Icon52 fully leased


| aaltamirano@queenscourier.com

Photos Courtesy of Donna Dotan Photography

Western Queens real estate continues to show that it is hot, as another luxury building becomes fully leased in less than two months.

The Icon52, a 66-unit apartment building located at 52-05 Queens Blvd., has been 100 percent leased by real estate and brokerage company Modern Spaces. The building is the company’s first rental project in Woodside.

“Being able to completely lease out the building in such a short amount of time is extremely gratifying, given it was our first project of what we hope will be many in the neighborhood,” said Eric Benaim, CEO and president of Modern Spaces. “We predict The Icon52 will set the standard for future rentals coming to the Woodside area.”

Each unit in The Icon52, ranging from studios to two-bedroom apartments, features hardwood floors, high ceilings, kitchens with stainless steel appliances and modern bathrooms. Rental prices range from $1,500 to $2,600.

Amenities include a virtual doorman, laundry and bicycle storage room. Residents also have access to a landscaped rooftop deck with chaise lounges, parking garage, barbecue and sitting areas.

The Icon52 also has convenient access to the No. 7 subway line and is just minutes away from Manhattan.

 

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LIC luxury condo The Bindery reaches 100 percent sold mark


| aaltamirano@queenscourier.com

Photo Courtesy of Donna Dotan Photography Inc.

Long Island City real estate continues on its hot streak, as another luxury condominium reaches its 100 percent sold mark.

The Bindery, a 20-unit residential building located at 43-37 11th St., has been completely sold by real estate and brokerage company Modern Spaces. The building is one of the first residential properties in the area that sold for over $1,000 per square foot with one of the homes selling for $1,166 per square foot after coming onto the market in April.

“The tremendous pace at which the Bindery homes were sold speaks volumes of the continued demand of luxury living in the area,” said Eric Benaim, CEO and president of Modern Spaces. “Everything from the name to the design of the building hit a note with buyers and we couldn’t be more pleased to have brought this project to completion in less than a year.”

The condominium, developed by NY Lions Group and Craig Axelrod, is made up of seven floors including studios, one- and two-bedroom apartments. The interiors of the building feature wood flooring with a reclaimed effect throughout, exposed brick walls, gourmet kitchens, luxury bathrooms, and many of the units come with their own private balconies, terraces or garden.

“The success of The Bindery is owed to its personality – residents today are looking for more character in their homes and have really connected with the building’s homage to the neighborhood’s bookbinding history,” said Jennifer Dorfmann, managing director of sales for Modern Spaces. The sell-out of The Bindery speaks to Long Island City’s continued transformation into a cultural hotspot.”

Some of the amenities of the building include a landscaped rooftop, fitness center and a virtual doorman. To enter The Bindery, residents will go through a library instead of a lobby, keeping up with the inspiration of the historical book binding factories in Long Island City.

The Bindery is also close to the E, M, 7 and G subway lines, and is just minutes away from Manhattan.

 

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Court Square’s first feng shui residential building hits 100 percent sold mark


| aaltamirano@queenscourier.com

Photos Courtesy of Donna Dotan photography

One feng shui-certified luxury residential building in Long Island City has reached the top.

Real estate firm Modern Spaces announced the luxury condominium called The Vista, located at 44-15 Purves St., has hit its 100 percent sold mark.

The Vista was feng shui-certified by consultant Laura Cerrano of Feng Shui Long Island. Cerrano advised the developers on every part of the design and construction of the building since the beginning.

In accordance to feng shui principles, the luxury building does not have a fourth floor, residences do not have balconies adjacent to the living room and entrances to each home will not face another interior door.

“Working with a feng shui master during the entire process of this project has been an incredible learning experience for us and has provided even further insight into the fen shui principles,” Eric Benaim, CEO and president of Modern Space said. “It’s interesting to see how every layout, every wall has been meticulously designed and built to embrace the feng shui beliefs.”

The Vista has 15 floors with 48 studios, one- and two- bedroom apartments which range from 475 to 965 square feet and with starting prices of $360,000. The residences include hardwood-oak flooring, gourmet kitchens, and spa-like master and guest baths.

The building features solar panels, and a glass façade with bay windows and balconies. Some of the amenities include a landscaped rooftop terrace, fitness center with a yoga room, entertainment room, Wi-Fi, doggie spa, bike storage and a parking garage.

It was developed by Lions Group and Emmy Homes and has access to the E, M 7 and G subway lines.

 

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LIC Flea & Food Holiday Market: One of a kind gifts, food and fun


By Queens Courier Staff | editorial@queenscourier.com

Photo courtesy of NYC Trees

The LIC Flea & Food Market is back for a fun-filled holiday season.

Starting Saturday, December 7, the LIC Flea & Food Holiday Market will feature a wide selection of Flea favorites and new vendors.

Vendors will be selling food, jewelry, clothing, furniture, arts and crafts, antiques, collectibles and more.

Shoppers can also buy fresh Christmas trees, wreaths and other handmade decorations from brothers Louis and Harold DeLucia of J&L Farms, who provided shoppers with fresh produce during the outdoor LIC Flea market. The brothers have now launched NYC Trees, selling Christmas trees in Astoria, Manhattan and elsewhere in Long Island City.

“It just seemed the next step to be there for the holiday market,” said Louis DeLucia. “We want to keep the relationships going and continue to provide the Long Island City residents fresh products, trees and produce.”

The DeLucias will be bringing shoppers top quality, full foliage fraser fir trees that have not been sprayed with chemicals and were picked from local farms to take home and decorate for Christmas. For a small additional fee, the trees could also be delivered to your apartment.

The brothers will be selling handmade wreaths of different sizes, made from the same trees, and decorated with pinecones and ribbons. Their LIC Flea stand will also feature kissing balls, made from tree trimmings, and winter bouquets made of white birch.

Christmas trees are also available on the NYC Trees website at www.nyctrees.com where shoppers can purchase the perfect tree and have them delivered, with installation included.

Aside from the countless vendors, LIC Flea will host live holiday music, including the Danny Wellington Band, free pictures with Santa and activities from ping-pong to soccer with the New York Cosmos soccer club, the new NASL Soccer Bowl Champions.

The New York Cosmos players will be signing autographs at the holiday market each day from 1 p.m. to 3 p.m., with names of players still pending. Visitors will also be able to practice kicks using inflatable goal stands.

Before the newly-launched LIC Flea & Food Holiday Market’s opening day, the LIC Partnership will be hosting a VIP Holiday Party on Thursday, December 5 from 5:30 p.m. to 8:30 p.m. at the site of the market. The celebration, sponsored by Modern Spaces, will include networking, a sneak peek of a selection of the Flea’s unique vendors, and installation by local artists. To RSVP for the party email yhuang@licpartnership.org.

This holiday’s LIC Flea will run Saturdays and Sundays, starting December 7, in the warehouse connected to the original outdoor lot at the corner of 5th Street and 46th Avenue.

The site is walking distance from the No. 7, E and G trains, and the LIC East River Ferry stop. It can also be accessed directly from Gantry Park’s walkway, along Anable Basin. A parking garage is available on 5th Street.

LIC Flea has partnered with the East River Ferry, Queens Economic Development Corporation, TF Cornerstone, the champion New York Cosmos and LIC Partnership.

Interested vendors can still apply by visiting www.licflea.com or calling 718-866-8089.

 

LIC FLEA & FOOD HOLIDAY MARKET VENDORS:

Tea N Milk
djinaba konde
Stella Sparkle Jewelry
Frank Gabrielson
J&L Farms
Bibingka-esk
Handpie
Infanata
Oconomi
Laila Alexander
Elephants Factory
Vint & York
Imran Jewl
Baked Apple
Forever B, LLC
Sweet Drift
Clean Plate
Hormans Pickles
Vivian Jewelry
Al Finnie
Zachary Alexander
Spoil My Bitch
Bills Balls
Latif
C Designs
Jam Jar
Rebecca Dolber Collections
Jessy’s Pasteries
Woody’s Cabin
Fav’s Treatery
Broadway Silk
Topisec
Amaki
Wonderful World of Hoz
Butcher Bar
Pita Pan
Back Thennish
Khao Man Gai
Ceil Witherspoon
Antique Antiques
Goen
Strung Out
Olive Brooklyn
Wolfy Knits
Kafe con arte
Cat Jones NY
Jessica LoBuo
2 Fab Chicks
Ice & Vice
Nomad Truck
Calmer Sutra Tea
Carmen Anderson NY
Glam Mom NY
Lynn Ellis Naretti
Filthy Farm Girl
Mushpa y Mensa
Robert Espirel
Counter Clockwise Antiques
New Amsterdam Baking
Carib Delights
Nuts & Bolts Brooklyn
JJ Fondrisi

 

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Vendors wanted for LIC Flea’s Holiday Market


| mhayes@queenscourier.com

LI FLEA_HOLIDAY MARKET_LOGO

Calling all holiday shoppers and vendors – the LIC Flea & Food Market is here for another season.

The newly-launched Long Island City market is opening indoors this December.

Before opening day on December 7, the flea will be hosting a holiday party on December 5 to give everyone a sneak preview of the new, holiday site. The event kicks off at 5:30 p.m. and was done in partnership with the LIC Partnership and sponsored by Modern Spaces.

“LIC Flea & Food became a major attraction here in Long Island City over the summer, and I look forward to the success of the LIC Holiday Market,” said Councilmember Jimmy Van Bramer.

Aside from the countless vendors, LIC Flea is catering to the holiday season and will host live holiday music including the Danny Wellington Band, free pictures with Santa and activities from ping-pong to soccer with the New York Cosmos soccer club, the new NASL Soccer Bowl Champions. Shoppers can also buy fresh Christmas trees and wreaths.

But of course, Flea favorites will be returning, as well as new vendors catering to the seasonal spirit. Food, jewelry, fashion, furniture, arts and crafts, antiques, collectibles and more will be available.

The Flea will run Saturdays and Sundays starting December 7 in the warehouse connected to the original outdoor lot at the corner of 5th Street and 46th Avenue, near the iconic Pepsi-Cola sign.

The site is within walking distance of the No. 7, E and G trains, and the LIC East River Ferry stop. It can additionally be accessed directly from Gantry Park’s walkway along Anable Basin, and a parking garage is available on 5th Street.

LIC Flea has partnered with the East River Ferry, Queens Economic Development Corporation, TF Cornerstone, the champion New York Cosmos and LIC Partnership.

“Beautiful apartments and local amenities make Long Island City a great neighborhood, but it’s the area’s organizations and activities – like LIC Flea & Food – that bring residents together and make Long Island City a great community,” said Sofia Estevez, executive vice president of TF Cornerstone.

Interested vendors can still apply to sell at the Flea by visiting www.licflea.com or calling 718-866-8089.

 

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The Industry Arrives in Long Island City


| smosco@queenscourier.com

Photo Courtesy of Modern Spaces

The expansion of LIC continues. On October 19, Eric Benaim and Ted Kokkoris of Modern Spaces hosted at a premier party to announce that the real estate firm is now marketing The Industry – a condo developed by Silvercup Studios. Guests packed the space at 21-45 44th Drive and were treated to music by DJ Cerok, food by LIC Market and photography by Jesse Winter.

This luxury 76-unit condominium apartment building in vibrant LIC was developed by Stuart and Alan Suna, founders of Silvercup Studios – the city’s largest full-service film & television production facility. The studio is also in LIC and it’s iconic sign can be seen from The Industry’s magnificent rooftop.

With beautiful views of the Manhattan skyline, modern amenities, a landscaped rooftop terrace, and state-of-the-art fitness center, The Industry has everything you need for luxury living in historic, exciting LIC. Check out www.theindustrylic.com for more info.

New condo, The Industry, opens in Long Island City


By Queens Courier Staff | editorial@queenscourier.com

The expansion of LIC continues. On October 19, Eric Benaim and Ted Kokkoris of Modern Spaces hosted at a premier party to announce that the real estate firm is now marketing The Industry – a condo developed by Silvercup Studios. Guests packed the space at 21-45 44th Drive and were treated to music by DJ Cerok, food by LIC Market and photography by Jesse Winter.

This luxury 76-unit condominium apartment building in vibrant LIC was developed by Stuart and Alan Suna, founders of Silvercup Studios – the city’s largest full-service film & television production facility. The studio is also in LIC and it’s iconic sign can be seen from The Industry’s magnificent rooftop.

With beautiful views of the Manhattan skyline, modern amenities, a landscaped rooftop terrace, and state-of-the-art fitness center, The Industry has everything you need for luxury living in historic, exciting LIC. Check out www.theindustrylic.com for more info.