Long Island City offering larger units with more bedrooms, report says

A reported 10,000 units are coming to market next year
  • Average price per square foot for a three-bedroom condo in Long Island City was $1,649 in the second quarter.
  • Three-bedroom condos held 62 percent of the share of closed transactions in LIC.
  • Around 10,000 units are expected to come to market next year.

It’s no exodus, but some New Yorkers want more space, and they’re finding it in Long Island City. Three-bedroom condo sales in LIC jumped to 62 percent of the market share during the second quarter, accoridng to a new report.