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Old 03-07-2007, 02:29 PM
 
359 posts, read 2,395,858 times
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Im just wondering why Long Island City has such real esate prices. Now ive never spent alot of time in LIC and im not sure if there is ever a point to spending alot of time there. Is there any reason at all that its so expensive besides the fact its a quick commute. You would think it wouldnt be so expensive considering Queensbridge takes up a good portion of it. Any body got any clues?
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Old 03-07-2007, 02:42 PM
 
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Gantry Plaza state park is in Long Island City. It's a unique waterfront park with piers and views of Manhattan. When I was there I found the surrounding area to be very serene (it was a saturday) and nice looking. How much is it to rent or buy there?
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Old 03-07-2007, 03:42 PM
 
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to buy a 3bedroom 1 bath its 700K renting differs but it averages about 1,700 for a studio
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Old 03-07-2007, 03:45 PM
 
Location: Back home in Kaguawagpjpa.
1,990 posts, read 6,840,387 times
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Simple. LIC is only a short stop from Manhattan, and yuppies are taking advantage of that. If you live along the 7, E, W, or R lines, that won't take you towards Queensbrige. Only the F.
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Old 03-07-2007, 08:04 PM
 
Location: Pawleys Island, SC
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Default quick trip

The same reason that the area around Mott Haven (around E138 St & Alexander Ave) in the Bronx is starting to get expensive. It is a close commute to Manhattan. As developers creep in and fix up a few buildings, people who want to live close to the city take advantage. I suppose it is the opposite of what happened in the 1970's where amny working class neighborhoods became demoralized with an influx of welfare receiving residents. With that crime rose and the working class fled for a safer lifestyle.
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Old 03-07-2007, 08:31 PM
 
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Virtually every neighborhood of the 5 boros of NYC has become expensive, and homogenized. It is great if you make well in the six figures and only care about living in a neighborhood rated highly by either NY Magazine, the NY Times or Time out NY.

So these days Jersey City NJ, Astoria, LIC & Jackson Heights are supposedly the hottest (and most expensive) neighborhoods in Queens. LIC is crap by the way. It seems desolate & isolated in most parts (other the trendy 'chi chi' yuppie restaurants & boutiques) and many parts are somewhat far away from the subway. And those $700,000 three bedroom apartments may as well be in a gated community since it is so detached from most of the neighborhood and boro of Queens.
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Old 03-08-2007, 12:18 PM
 
500 posts, read 2,672,117 times
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Geez, Nick! Will you EVER give us a break? You and your apocalyptic view of New York City. I know living in Pennsylvania sucks, but stop whining, please!
Always the same post, over and over...

CrazyKid, Long Island City is getting expensive because of that one-stop distance people have mentioned here, and probably because there's not much else to develop!

But I don't think you can get a 3-bedroom for 700k in LIC. That's CHEAP!! Newly-constructed 1-bedrooms are going for that price.
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Old 03-08-2007, 01:52 PM
 
Location: New York
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I lived in L.I.C. 1996-1997. The rent was $650 for a two bedroom apt in a four family house on 30th RD/14th ST. The area consisted of immigrants and long time residents. I liked being 1 block from the east river but the area was not all that safe. Nobody was going to mess with me but if some yuppie or Midwesterner came strolling through there they would have gotten stuck up. The house was sandwiched between 3 different NYC housing projects (Astoria houses/Ravenswood/Queensbridge) which kept the neighborhood well stocked with all sorts of crimes/criminals.

I can only imagine how much the rent is 10 years later. I see no reason why that neighborhood should be expensive.
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