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Harvey Heit's Blog

By Harvey Heit | Broker in Long Island City, NY

Recent Real Estate Developments in Long Island City Queens, New York and Nest Seekers International Realty of LIC

Long Island City, Queens, New York, once the Industrial center of New York City, is now in the limelight as one  of the premiere NYC neighborhoods to live in.

The neighborhood is the first Queens neighborhood just over the the 59th Street Bridge from Manhattan's East Side  LIC  and is easily accessible by the E, V, N, G, & 7 trains ( a 1 stop 3-5 minute ride to midtown or Grand Central/Times Square).  It is also a short commute on  the Long Island Railroda (L.I.R.R)., NY Water Taxi,  or by car via the Queens Borough Bridge and the Midtown Tunnel


LIC is now home to over 200 museums and galleries, including PS1 MoMa, Museum of Moving Image, and many more, Most notably it is home to Silvercup Studios New York's largest movie studio, plenty of new shops, restaurants and bars. It is a mecca for artisans, and well as now becoming a new home film-makers and movie lots.  And quite recently it has been observed that Long Island City is becoming "a place to call home" for new upscale  families and has recently received press as  possibly a runner up to Park Slope Brooklyn as being the next big “stroller mom” community. 

 

Long Island City Real Estate also known as L.I.C. recently has been going through a real estate boom. Since the city rezoned it from industrial to residential in 2003, there has been a lot of excitement with new luxury condo buildings opening up every month. The View Condominium and The East Cost Complex,developed by TF Cornerstone Inc.,  were the first pioneering buildings leading the charge of the redevelopment process.

 

 Rockrose  Development Corp. is  currently developing seven towers on  the Queens West site, near the Queens side of the 59th Street Bridge.

 Silver Cup Studios has plans on developing the largest movie studio outside of LA and plans on investing over $1 billion dollars into the area including the recent opening of the 76 unit  Industry Condominiums on 44th Drive near Court House Square. 

 

Companies as well as organizations are looking at this once forgotten city with a whole new perspective.   CitiBank is building there 2nd tower across the street from their original one near 23rd and Ely and Jackson Avenues.   The United Nations of Manhattan has recently moved across the East River with completion  a Long Island City Office building right near the new LIC Citybank Complex near Courthouse Square.   

 

 New York City has allocated $46 million dollars to develop parks, public spaces (Gannett State Park), and plans for a new public school (PS 78), police precinct, library and post office are in the works,

 

 Long Island City has become the largest NYC artist district and will soon be the 4th largest business district in the city, once Tishman Speyer completes its over 3,000,000 square feet of office, retail and commercial center dubbed Gotham Center in Queens Plaza.

 

Home to Brooks Restaurant, Est. 1890 one of the oldest restaurants in New York, there are always plenty of eclectic and interesting activities in  Long Island City to partake in: from Wednesday evening film screenings at Socrates Sculpture Park, to PS1 Summer Warm Up Series, which is a weekly outdoor music festival every Saturday in the summer.  From  Harry's LIC Taxi Beach, New York's first urban beach to video art and dance performances at the Chocolate Factory it seems like there is something either hoppening or happening on any given night. 

 

Other well known restaurants are Sushi Siam, Testaccio Tournesol, Tuk Tuk, Waterfront Crabhouse, Water’s Edge, Lucky Mojo, Manducatis Rustica Manetta’s Masso, Riverview Restaurant & Lounge, Sage General Store SHI,BANY Asian Fusion, Bella Via, Blend, Bricktown Bagels, Brooks 1890 Restaurant, Café Henri, Cassino Restaurant, Court Square Diner, The Creek Da Gianni’s Ristorante, Dorian Café, Five Star Banquet & Restaurant, Ihawan Jackson Avenue Steakhouse, Junior’s Café.

Nest Seekers International Realty handles Long Island City rentals, sales, new developments, conversion and new construction out of it's three Manhattan offices as well as its own Long Island City office at 47-44 Vernon Boulevard in the heart of the LIC's retail district. 

 Some of the area most notable condominium projects  that Nest Seekers has been involved in, both as seller’s and buyer’s agents,  include the Powerhouse Condos, Galaxy Apartment, Arris Lofts condominium and Arris Loft rentals, Hunters Point condominiums, Hunter View condominiums, 5SL, Star Tower, the Murano Condos, One Vernon Jackson Ave Condos,L’haus Condos,  the Industry Condos and the developer and exclusive agent for  the Vere condominium.

Nest Seekers is responsible for selling over 50 units at Arris Lofts at the initial offering and hundreds of transactions thereafter in every other development, rentals conversion and resale in the area. Nest Seeker’s  storefront on  47-44 Vernon Blvd makes it the first Manhattan based agency in the area This real estate agency  is now considered an expert in all matters of Long Island City related real estate and transformation issues.


Some useful and interesting Long Island City (LIC) links include the following:

http://5ptz.com/graff/about/
http://www.noguchi.org/
http://www.licblog.com/
http://www.licalliance.org
http://nysparks.state.ny.us/parks/info.asp?parkID=86
http://www.licboathouse.org/
http://liccsa.wetpaint.com/
http://www.licweb.com/
http://5ptz.com/graff/about/

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