Sour Economy Offers Sweet Deals In L.I. City (NY1)
Up to Neighborhood Discussion
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Buildings are popping up along the east side of the East River in Long Island City at a time when the market took a decided downturn. As a result, many developers looking to sell their units are offing an array of incentives designed to ease potential buyers past their hesitance and into home ownership.
http://www.ny1.com/content/ny1_living/95171/sour-economy-offers-sweet-deals-in-l-i--city/Default.aspx
Jake
Interesting video. They talk a lot about 5SL and L Haus. I am surprised that 5SL hasn't sold out more, considering it is older, has less apts and is in perceived better location.
Jake
Jake
The market is soft for 1MM homes right now... that's why 5SL isn't sold out. Unless they lower prices they'll be empty for a while.
BTW - L Haus is the nicest of the new bldgs in the area in the worst location for the most money. They will be very hard to sell in my opinion.
