During the NYC Real Estate Recession from 2008--Dec 2011--there was a glut of condo inventory on the market at the beginning and bank financing for new condo development all but disappeared.
January 2012--With Lowest Interest Rates in Real Estate History + Unusually Warm Winter most all remaining studio & 1BR new condos in Hunters Point and Long Island City North--went into contract and almost totally depleting this inventory.
The Bad News for Buyers in Hunter's Point & Long Island City--there will be no new large condo buildings on the LIC market for another 1-1 1/2 years. (All the new 4000 apartments currently being constructed on the LIC Gantry Park and Hunters Point South Waterfronts ARE RENTAL APARTMENTS
January 2012--With Lowest Interest Rates in Real Estate History + Unusually Warm Winter most all remaining studio & 1BR new condos in Hunters Point and Long Island City North--went into contract and almost totally depleting this inventory.
The Bad News for Buyers in Hunter's Point & Long Island City--there will be no new large condo buildings on the LIC market for another 1-1 1/2 years. (All the new 4000 apartments currently being constructed on the LIC Gantry Park and Hunters Point South Waterfronts ARE RENTAL APARTMENTS
THE GOOD NEWS:
(Since opening 3 weeks ago 12 contracts have been sent out.)
But PLEASE CALL HARVEY HEIT, LIC Buyers Agent at 1-917-748-4810 right away for more info and to set up an appointment to see these great new Long Island City Brand Spanking New Condominiums.
LIC Condo sellers seeing the first opportunity in years to sell their 1BR apartments for at least what they paid or better are starting to slowly trickle onto the resale market.
A New 45 unit Condominium Just Opened near the LIC North Citi Building--Beautiful and very bright studios (10), 1BRs (25) and 2BRs(10) with open layouts, most apts have balconies, full service bldg, and great amenities
And best of all these condos are reasonably priced from $365-$375k for the studios (520-530sf), $475k-$525k--for the 1BRs (710-730sf) and $740K for the 2BRs (1045sf)(Since opening 3 weeks ago 12 contracts have been sent out.)
But PLEASE CALL HARVEY HEIT, LIC Buyers Agent at 1-917-748-4810 right away for more info and to set up an appointment to see these great new Long Island City Brand Spanking New Condominiums.
Other Available Long Island City 1BR Condos:
Ultra Delux 1BR with great layouts (505sf) near Vernon Jackson Subway Station--$450k w. $434/mo CC*, part time doorman, gym
738sf 1BR, 1 1/2 bath with balcony in North LIC--full service bldg with
gym, nearby parking, Near the 7, E, G, M, C, R, N, & LIRR trains.
Our Exclusive--$499k, $515/mo CC*
Spacious 1BR (735sf) at the Arris Lofts at Court Square--full service luxury bldg. featuring 15' ceilings and open layouts, huge gym w. year round swimming pool, sauna, valet parking in building and public parking next door.
Asking $565,000 w. $523/mo CC*.
Resale--New To Market This Weekend
HUGE 863sf 1BR, 1 1/2 Bath and 120sf Terrace in Hunters Point Full Service Bldg.
FANTASTIC DIRECT WEST VIEWS OF MANHATTAN SKYLINE
Asking $609,000 with $627/mo CC*
* All above condos have 10-15 year tax abatements in place.
738sf 1BR, 1 1/2 bath with balcony in North LIC--full service bldg with
gym, nearby parking, Near the 7, E, G, M, C, R, N, & LIRR trains.
Our Exclusive--$499k, $515/mo CC*
Spacious 1BR (735sf) at the Arris Lofts at Court Square--full service luxury bldg. featuring 15' ceilings and open layouts, huge gym w. year round swimming pool, sauna, valet parking in building and public parking next door.
Asking $565,000 w. $523/mo CC*.
Resale--New To Market This Weekend
HUGE 863sf 1BR, 1 1/2 Bath and 120sf Terrace in Hunters Point Full Service Bldg.
FANTASTIC DIRECT WEST VIEWS OF MANHATTAN SKYLINE
Asking $609,000 with $627/mo CC*
* All above condos have 10-15 year tax abatements in place.
Go to the phone and call Right Now--Harvey Heit, Long Island City Buyer's Agent and Associate Broker at 917-748-4810 for all of your Real Estate Buying and Selling Needs.
Call Harvey Heit, LIC/NYC BUYER'S AGENT* at 917-748-4810 for more info and for an Immediate Appointment for this and for all other Long Island City and New York City homes.
Seller’s Agent represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent with designated agents representing seller/owner and buyer/tenant. Buyer’s Agent * represents the buyer/tenant when showing the exclusives of other real estate firms. In all instances Broker treats all parties fairly and honestly. Broker actively supports equal housing opportunities.
All information is from sources deemed reliable but is
subject to errors, omissions, changes in price, prior
sale or withdrawal without notice.
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