Why Long Island City?

Long Island City, Queens is a vibrant and rapidly growing neighborhood that has become a top destination for commercial real estate investment in New York City. With its mix of new development and historic charm, convenient location, and dynamic cultural scene, Long Island City has much to offer building owners looking to invest in commercial real estate.

One of the key factors driving the growth of Long Island City's commercial real estate market is the area's recent revitalization. In recent years, Long Island City has undergone a significant transformation, with new development projects and infrastructure improvements creating a more dynamic and attractive neighborhood for businesses and residents alike. As a result, the area has become a hub for tech startups, creative companies, and other innovative businesses that are drawn to the neighborhood's energy and potential for growth.

Long Island City also offers a range of commercial real estate options to suit a wide range of needs and budgets. The neighborhood has a mix of industrial spaces, office buildings, retail spaces, and industrial properties. This has made it an attractive destination for businesses of all sizes and types, from established corporations, non-profits to small startups.

In addition to its commercial real estate options, Long Island City offers a range of amenities that make it an attractive place to invest in commercial real estate. The neighborhood is home to several cultural institutions and event spaces, which draw visitors from across the city and help to create a vibrant and active commercial real estate market. In addition, Long Island City offers easy access to public transportation, with several subway lines and bus routes running through the area, making it easy for employees and customers to get around the city.

If you are a building owner looking to invest in commercial real estate in Long Island City, Queens, now is the time to act. With its revitalization, growing popularity, and diverse mix of commercial properties, Long Island City is poised for continued growth and success in the years to come. Work with a trusted real estate professional who has a deep understanding of the neighborhood's unique character and history, and explore the many opportunities that this vibrant Queens neighborhood has to offer for commercial real estate investment.

Long Island City (LIC) is a bustling submarket located in the western portion of Queens that offers attractive investment opportunities for those looking to capitalize on the area's continued growth and development. The neighborhood is known for its stunning views of the Manhattan skyline, artistic community, and abundance of luxury residences. In recent years, the area has seen a surge in real estate development, with a number of new projects taking shape.

Here are some of the notable real estate developments currently underway in LIC:

1. Hunters Point South: This massive development, located on the Long Island City waterfront, includes over 5,000 units of mixed-income housing, as well as commercial and community space. The development also includes a new public park and a new school. With its prime location near the East River and mix of affordable and market-rate housing, Hunters Point South presents an attractive investment opportunity for those looking to capitalize on the growing demand for mixed-use development in Long Island City.

2. Skyline Tower: This newly-constructed luxury condominium tower, located at 23-15 44th Drive, rises 67 stories and features over 800 units, as well as a range of high-end amenities, such as a fitness center, a pool, and a rooftop terrace. With its prime location near the heart of Long Island City and mix of modern, luxurious accommodations, Skyline Tower presents an attractive investment opportunity for those looking to capitalize on the growing demand for luxury real estate in the submarket.

3. The Jacx: This newly-constructed mixed-use development, located at 28-01 Jackson Avenue, features over 1.2 million square feet of office and retail space spread across two buildings, as well as a range of high-end amenities, such as a fitness center, a rooftop terrace, and event space. With its prime location near the Queensboro Bridge and mix of modern, flexible commercial space, The Jacx presents an attractive investment opportunity for those looking to capitalize on the growing demand for office and retail space in Long Island City.

4. The Factory Building: This newly-renovated industrial building, located at 30-30 47th Avenue, includes over 1 million square feet of office and retail space spread across six floors. The building includes a range of high-end amenities, such as a tenant lounge, a fitness center, and a rooftop terrace. With its prime location near the Long Island Expressway and mix of modern, flexible commercial space, The Factory Building presents an attractive investment opportunity for those looking to capitalize on the growing demand for office and retail space in Long Island City.

5. The JACX&CO: This newly-constructed mixed-use development, located at 28-07 Jackson Avenue, features over 160,000 square feet of office and retail space spread across two buildings, as well as a range of high-end amenities, such as a rooftop terrace, fitness center, and tenant lounge. With its prime location near the Queensboro Bridge and mix of modern, flexible commercial space, The JACX&CO presents an attractive investment opportunity for those looking to capitalize on the growing demand for mixed-use development in Long Island City.

These real estate developments are driving significant demand for commercial and residential space in Long Island City, and as a result, the submarket is poised for continued growth and development in the coming years. Whether you're an investor looking to capitalize on the area's rising property values or a business looking for a prime location in Queens, Long Island City offers a wealth of opportunities for investment and growth. If you are interested in learning more about investment opportunities in Long Island City, please contact Invictus Property Advisors.