Over the past decade, Long Island City became the ultimate testing ground for New York City’s new development market. Its proximity to Manhattan and mass transit, the availability of relatively cheap land and a promising waterfront combined to create a wave of for-sale towers, each one upping the next in terms of amenities. How those bets will pan out is anybody’s guess. What is clear now, however, is that there remains a significant glut of
source https://therealdeal.com/2020/07/06/youve-either-made-the-wrong-shoes-or-youve-made-too-many-lic-faces-a-serious-condo-glut/
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