Long Island City experiences new real estate boom

The New York Daily News wrote about the new upsurge in real estate development taking place in Long Island City.

Long Island City is undergoing another real estate boom, buoyed by a new batch of residential towers, hotels and high-profile property deals.

 

Local real estate experts said they believe the momentum — with an influx of waterfront high rises and almost 20 hotels — is due to the once industrial neighborhood’s soaring reputation and an improved economy.

Read the full article here.