The Industry LIC - Thoughts?

Hope you can get used to the thunder from the elevated subway tracks next to your window

I have been looking at Industry for a while and am going to make an offer as well. I think it's a great upcoming location. The quality and pricing of the units are outstanding and it's in close proximity to multiple subway lines.

The Industry looks nice from the pics, havent actually been inside. Prices seem to be sitting on the higher end, not far from what is being asked for buildings near vernon blvd. It just seems like prices are a result of a lack of inventory in the immediate area rather than the location itself. I've walked past it a few times.. not my fav part of LIC. If the E and 7 train options are important, I would lean toward the building but I just don't get that neighborhood feel over there.

thought?? thinking LIC should be sufficient.

why not buy a cheap apt in midtown east? in some cases cheaper than LIC, and youre in manhattan, where you hang out, and not in LIC.

You're buying in the wrong part of LIC.
Unless you work in the Citibank building, it doesn't make any sense. There's no restaurants, parks and anywhere to hang out.

Look at the units in the Hunter's Point area by Vernon/Jackson. You have a beautiful water front park, restaurants, subway, police precinct and a more vibrant neighborhood. Neighbor is young and full of young families with kids.

I actually like LIC Market across the street a lot. Otherwise, that area is no good.

I'm really surprised at the pricing. Anyone looking here should look at Manhattan. You folks need a reality check.

I thought that carolst bitch was dead! What a disappointment!

hi carol!! any pencils youd like to insert?

> I thought that carolst bitch was dead! What a disappointment!

i thought it was the asylum...

"I'm really surprised at the pricing. Anyone looking here should look at Manhattan. You folks need a reality check."

You're not going to find a bigger supporter on LIC than me. I've lived in this area for more than 11 years and even i won't call "the industry" part of the heart of LIC. It just isn't.

correction...6 years.

Yippppppeeeeeee.... .I've got a deeeeeeep polyp that needs to be scratched. Carol where's my pencil? Or is that extra?

yep, I was gonna correct ya ericho. You bought exactly at the top of the LIC RE bubble.. .that would be 6 years not 11.

Haters be hating.... brokers be borkering..... ericho will be by the copier making copies... making copies

"You bought exactly at the top of the LIC RE bubble.. .that would be 6 years not 11."

No you numb-nut. Don't make me repeat myself son. I bought in Spring of 2009.
Don't you have to go take your daughter out for a nice pimp around the corner?

Does your daughter want a ride too?

No, not until your daughter is wasted first.

too much hostility wrt LIC.
It might just be the name that you all find so hostility generating.
It's Long Island but it's not Longuyland which,as we all know, starts in Nassau Co.
It's not a City. Even Jersey City is a city compared to LIC and that's not saying much.

It could still be LIC but mean...Loving Inner Certitude

Thanks for the feedback. It looks like The Industry is banking on their extremely close proximity to the E, F and G subway lines/station to get them near their current asking prices. I wasn't sure about that part of the area - it feels a bit more isolated and a bit of a walk to all of the restaurants and waterfront. Just wondered if it has the potential to be developed and thus, increase in value.

The area has potential especially with the Rock Rose Building being built only a few blocks away. The dynamics of the neighborhood will change... The INDUSTRY is a good building but you're either in a unit facing North or South. If you do consider a unit on the South Side, you'll have to tolerate the sound of street traffic throughout the day. It's fairly quiet on the weekend but I do think the North Side is much quieter than the South. There's probably very little light on the lower floors but given the close proximity of the 7 line, I would try to be furthest away the East Side of the building if you want to avoid the noise of the 7. . I'm not sure if it's any better but you'll have to see for yourself. I do like the convenience of having 3 subway lines and I really do like the layouts of the units. Generous closet space and good build quality are things going for it.

There's nothing going on in this area. You need to take the train to go anywhere. When your abatement expires, guess what? Your property values plummet! It's better to buy old construction in Manhattan, or better yet, pre-war and you'll have lower monthlies over the long term and you won't have to play hot potato when tax abatements are about to expire. Even fringe areas in Manhattan are walkable to some desirable places. Not the case for all of LIC.

yes, newaccount

also consider that, in the unlikely case that the neighborhood improves, and values shows potential to improve, despite the epxiring abatement headwind among others, developers will promptly slaughter the neighborhood with new supply, given the huge amt of space available--

such is LIC

that part of lic is growing the fastest,cuny law,gotham center,rockrose building,jet blue, all this will bring more retail. i dont agree with industrys pricing, but the general court square area is going to be just as desirable as the waterfront

Commercial center is a smaller version of wall st... have you been on wall st on the weekend? Its so dead I won't want to really live there.

Going to Vernon, I like some of the stores and restaurants. Only wish there were more.

Considering M Wells is opening their new restaurant two blocks from the Industry, I think the neighborhood will be fine

http://dinersjournal.blogs.nytimes.com/2012/03/01/m-wells-owners-plan-a-steakhouse/

M Wells, Food Cellar coming. Sage, LIC mkt, burger garage are all good places right by industry. Dutch Kills is in the neighborhood. This area is where there is LIC potential. Vernon Blvd when the 7 isn't running = nightmare...

Anyone have any additional thoughts on this building? Seems like they are pricing themselves like they are in the waterfront area. While the area might be poised for growth (Rockrose rental building opening in 2013) it looks like the growth could be much further out in the future e.g. 10 years or when the tax abatement begins to phase out.