Long Island City continues to rise

A significant reason why, of course, is that Long Island City, which has shed much of its grittiness and is now home to almost 30,000 people, has six subway lines just one stop from Midtown Manhattan. That convenience has drawn Manhattanites seeking cheaper rents. Ms. Sharett, who recently moved into a two-bedroom apartment at 47-20 Center Boulevard, said that now that she had made the mental... [more]

A significant reason why, of course, is that Long Island City, which has shed much of its grittiness and is now home to almost 30,000 people, has six subway lines just one stop from Midtown Manhattan. That convenience has drawn Manhattanites seeking cheaper rents. Ms. Sharett, who recently moved into a two-bedroom apartment at 47-20 Center Boulevard, said that now that she had made the mental shift, she realized she was in the perfect neighborhood. Particularly down by the waterfront, with new restaurants and shops moving in, Ms. Sharett said, she has everything she needs within walking distance. %u201CThey%u2019ve built a compound here, where my daughter%u2019s preschool, the drugstore, the grocery, the park are all one block away, and the soccer field is right in front of us,%u201D she said. %u201CWe could not live like this in Manhattan.%u201D . . . Christine Ezeogu, a United Nations employee, has lived in a one-bedroom in Avalon Riverview North for almost five years. She said that she had thought the global financial recession would lead to a lowering of rental prices, but that except for a renegotiation in 2009, it hadn%u2019t. Since then her rent has gone up by about 20 percent. %u201CI haven%u2019t seen the prices go down in the neighborhood,%u201D she said. %u201CIn fact, they seem to be going up.%u201D http://www.nytimes.com/2012/08/12/realestate/long-island-city-queens-living-in-a-satellite-with-great-views-of-home-base.html?pagewanted=1&src=recg [less]