Long Island City
Long Island City's for-sale market came from two policy decisions: the state-sponsored Queens West project, which opened the Hunters Point waterfront to housing in the 1990s, and the 2001 rezoning that created the Queens Plaza subdistrict and let residences onto the industrial blocks inland. Almost everything built since is condominium, in large sponsor-sold towers up to Skyline Tower's 802 units, over a thin older layer: row houses in the 1968 Hunters Point Historic District, César Pelli's Citylights co-op, and converted industrial buildings like the Powerhouse. Much of the recorded sale history here is sponsor first-sales, not resale, so build comparables from resales and confirm what remains of a building's 421-a benefit.
What the index shows for Long Island City
Median condominium price per square foot and cooperative price per room, with the change over the past year and since 2022 and 2016. Condos are measured by the foot, co-ops by the room.
Medians of recorded, index-eligible sales — each figure carries the mix of what happened to trade, not the like-for-like change of a single apartment. Compiled by The Roebling Team at Compass from public records. Figures are indicative, not an appraisal.
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