LIC v. Williamsburg

LIC is cheaper. If you can afford Williamsburg I rather live in manhattan.

Akron

Live in LIC, hang out in Greenpoint/Williamsburg.

I agree with Dwaazi. Buy a Vespa to go over the Pulaski.

ggman: your post made my day! Seriously, I find the access to transit to be superior to WB's, plus if you live in LIC you are only one stop from midtown. LIC, however, does not yet have as many shops or retaurants as WB.

To start a family, LIC hands down.

To live a single party life, WB.

i have a family, and like the schools here and the parent involvement. it's not the same neighborhoods at all, so depends on the person completely.

Its good to see posts like this..just shows new people coming onto SE

>Its good to see posts like this..just shows new people coming onto SE

We need some fresh blood around here.

We need eataly in lic

And I think you deserve it.

SE, why?

Hi C0C0!

SE, why?

h1 c0c0!

SE, why?

Sorry C0C0, maybe this thread is more up your aisle: http://streeteasy.com/nyc/talk/discussion/35081-c0lumbia-c0unty-or-greene-county

SE, why?

Well, I guess you are in one of those M00ds.

SE, why?

why let this monster run loose?

SE, why?

C0C0 is in a bad m00d

SE, why?

Suggest talking to your doctor about your m00d problems C0C0.

SE, why?

Williamsburg have more bars and restaurants but i agree with some of the posters here.
Raising a family makes more sense in LIC. I'm not familiar with the schools in WB but PS78Q is rated an 'A' by the city and many other rating agencies. The LIC parks are bigger, cleaner and better lay out for use. The crowd are also substantially less. There's no comparison in NYC skyline. LIC have one of the best views as WB have YIKES....the Con-Ed power plant across the river.

LIC NYC view:
http://blog.davidgiralphoto.com/wp-content/uploads/2013/01/10-dgiral-gantry-park-long-island-queens-nyc-skyline-night-1024x640.jpg

WB NYC view:
http://farm4.static.flickr.com/3648/3377329966_5ee3a0bc6f.jpg (YUCK!)

Another beauty about LIC (Hunters Point South) is the location. There's very little pass-thru traffic. There's really isn't a reason to travel through LIC in comparison to WB, Manhattan and many other areas in NYC.

Then again, my comments could be bias as i've been a resident of LIC since 2003. :p

Maybe the Addams Family. Otherwise, no.

"The crowd are also substantially less"

It is so much better because nobody wants to go there!

and ericho is as bad a shill as any broker I've known. Pick the crappiest photo you can find.
You can see the same buildings from almost as close...
http://www.google.com/imgres?imgurl=http://farm7.staticflickr.com/6056/6253767644_5e444cfdfe_o.jpg&imgrefurl=http://www.flickr.com/photos/anomalous_a/6253767644/&h=2875&w=4600&sz=3596&tbnid=G6OLMTRNx7diaM:&tbnh=76&tbnw=122&zoom=1&usg=__JkP_Gm3-udmsHHEIk-g6S-2IVqA=&docid=xwzXzxjPY-5q4M&itg=1&sa=X&ei=wPqUUdGBJ9DB4AO5_4CoBg&ved=0CGAQ9QEwBw&dur=725
and you get the *3 bridges instead of just the one.

Much, much more iconic. The best view is actually dumbo, and wb is closer.

Shill on...

"ericho is as bad a shill as any broker I've known"

I take that as a compliment.
But SW, that shot is looking NORTH only and not including the entire VIEW.
It's so bloody obvious when you are looking across the river where the Con Ed power plant is.

Here's the 'FULL' shot.

http://www.urban75.org/photos/newyork/images/new-york-054.jpg

There's no running from it.
That power plant is a sticking sore point for many when it comes to the 'view' of Manhattan skyline.

Agree with swe, best view is from Dumbo (only the Verizon building is truly ugly, but otherwise, pretty awesome). I don't spend any time in LIC. The park looks nice, but otherwise meh. It does inspire many a powerful limerick however.

The pancake-flat toxicwaste-abatement sodpile looks nice? Okkeeeeehhhh...

Alan, you talking to yourself again?

Why do you folks with accounts grayed out make any post at all?
I'll say 99% of the folks don't even bother reading them.

ericho, so you're saying I'm in the 1%? Finally!

BJW,
Yes, welcome to the 1% club.

epooro75 is in the 1st percentile. Same, but different. What a good boy.

hahahaha
"Why do you folks with accounts grayed out make any post at all? "
And yet, I so often un-grey & read. Then regret.

Life is too short to have regrets.

That's it? No more constructive comments?

CDROM, there is not really any debate on this. If you had the choice people would live in bburg. Lic provides better value. Pointe finale.

Agreed, Otter ... it's just the old "Danbury Federal vs. Sing Sing" debate.

"But SW, that shot is looking NORTH only and not including the entire VIEW."

Wait, let me get this right... you just posted pix showing a tiny, tiny section of view, and now you're complaining about not showing the entire view?

Jesus, shill much?

I have no reason to prefer one over the other, I live in neither... but WB is just much, much better.

"Agree with swe, best view is from Dumbo (only the Verizon building is truly ugly, but otherwise, pretty awesome)"

Yeah, it is awful... but Beekman being there now made things better. And the best angle doesn't show Verizon (the one looking down toward the bridge from like washington street).

In the end, WB better than LIC in pretty much every way, except more annoying people in WB... boring people in LIC.

Definetly some entertaining and at times downright angry posts on this and many other threads.

I think the title of article explains this

http://www.nytimes.com/2013/05/19/realestate/long-island-city-is-where.html?_r=0&adxnnl=1&adxnnlx=1369335775-kWCI4dQficV7iJJWvUwR+Q

"In the end, WB better than LIC in pretty much every way, except more annoying people in WB... boring people in LIC."

Funny coming from a person that's NEVER BEEN TO LIC.

>Funny coming from a person that's NEVER BEEN TO LIC.

Everyone's been to LIC, like Staten Island, you have to pass through to get to interesting places.

i used to play tennis there, on the waterfront site of the new projects, which will block views and house 5000 subsidized rental tenants.

as a liberal democrat the projects wouldnt really bother me. but for a pull-oneself-up-from-bootstraps republican, it might be tough to digest that the best views in the hood go to subsidized less-well-off.

Ericho, don't you get that the whole point is that no one has been to lic because there is not an overwhelming reason to go. Does not mean that this might not be a great place to live for some, but it is not in the least comparable to williamsburg in terms of Restos, nightlife, etc.

I agree with Ottawanyv. I own property in lic and the area definitely lacks the items mentioned above. That being said, the current value reflects this and it does have huge potential to grow.

this article would indicate that things are relatively hot:
http://www.nydailynews.com/life-style/real-estate/prospective-buyer-bum-rushes-door-new-long-island-city-condo-article-1.1352881?localLinksEnabled=false

>Definetly some entertaining and at times downright angry posts on this and many other threads.

sry, I put C0C0 back in the cage

Yes agreed its hot and those prices make sense. 3 years ago you couldve bought at mid 500 psf to low 600s.

"Square-foot prices in the building have reached $956 — well above the neighborhood average of $870."

Read more: http://www.nydailynews.com/life-style/real-estate/prospective-buyer-bum-rushes-door-new-long-island-city-condo-article-1.1352881#ixzz2UDeFzR2M

This article sums it all up in regards to prices in LIC.

Otta,

"but it is not in the least comparable to williamsburg in terms of Restos, nightlife, etc."

Never disputed this. I've said it many times, LIC is more of a neighborhood for couples to raise/start a family. Not everyone living in NYC is into the 'restos & nightlife'.

"..3 years ago you couldve bought at mid 500 psf to low 600s.."

Thank you.
You BUY when things are on sale....some of us were pounding on the table around here to GO GET THEM if they wanted it.

There has been a steady increase in the number of restaurants, cafes, etc. in LIC. And the waterfront park is far better than anything comparable in Williamsburg. Some people will like WB and others will like LIC, they are different types of neighborhoods, and LIC has more development upside at this point.

It's so sad to see LICComm and Epooro75 still fangirling after all these years. And over a fetid toxic EPA Superfund site!

Alan, are you out of your EFFING MIND!
I'm ecstatic!!! In during the spring of 2009 at high 500 psf..prices are now at 1,000 psf!

The only thing SAD is you my friend.

Who cares about superfund site.
It's well documented that Manhattan cancer rates are 3x higher than LIC. Take that to the bank!

Shows up at bank with a piece of paper that says, "Manhattan cancer rates are 3x those in LIC". Sadly the teller looks at me and says, "what do you want me to do with this?"

Can we next debate what's yummier an apple or a mango? Because anyone who prefers apples is just an idiot!

Agreed, mangoes are much much better. And that's a fact, Jack. End of that debate.

Similarly, facts are:
a) Long Island City residents go to hospitals in New York to die, skewing statistics.
b) Until a few years ago, even Long Island City residents had more sense than to live directly on top of EPA Superfund sites. They valued their lives. Life is cheap on the new LIC waterfront.

Facts is facts.

Didn't stevejhx move to LIC?

He moved to Florida. His ancestors are from LIC.

stevejhx??

I thought he was drowning in monthly 'rent'.

LIC? I thought it was taken over by NIH and/or CDC.

Alan,
You talking again? Can't be too important since you are grayed out..

"alanhart
Ignored comment. Unhide"

Oh Alan, it must drive you crazy being part of the 'ignored comment' team (AR, CC, w67th, etc.). Just like in life i'm sure you're 'ignored' by many.

Not you -- carefully studied by the NIH/CDC and probed.

"Funny coming from a person that's NEVER BEEN TO LIC."

Funny, we'll just add that to the long list of things ericho gets wrong...

"Ericho, don't you get that the whole point is that no one has been to lic because there is not an overwhelming reason to go."

The irony...

"There has been a steady increase in the number of restaurants, cafes, etc. in LIC."

0 to 1 will always look like a huge increase.

But LIC isn't anywhere even near close to WB. WB simply kills it in this regard.

the market speaks re this issue most clearly.

LIC is the most underperforming sub-market in the NY metro area.

While WB may well be the best performing sub-market.

Banter on, but the data is inescapable.

'bottoms, glad you can finally admit you were unequivocally wrong in your WB market predictions. Been fun.

"LIC is the most underperforming sub-market in the NY metro area."

Really? Are you people just talking it up due to your hatred of the neighborhood?

I've been following WB, Dumbo and LIC prices. At the bottom, new condos units in Hunter's Point LIC were going for about 580-620 psf. It's now around 850 to 950 psf with prices coming in above 1,000 psf in some buildings. That's a remarkable 40-55% increase in price.

I think there's a disconnect on what LIC is.

Some view LIC as Hunter's Point South only.
There are some that view LIC as a bigger area that includes the 59 street bridge area and also city bank building.

Both are correct.

Akirland: Good point. Techincally, LIC includes Hunter's Point, Court Square and a large swath of area north of the 59th Street Bridge (this latter area includes one of the largest housing projects in the U.S.). However, if one considers that portion of LIC south of the bridge (Hunter's Point and Court Square), you would find that prices have increased dramatically over the past several months.

Moreover, these two areas are due to see tremendous development in the next 2-3 years (this includes over 1600 market rate luxury rentals and a high-end supermarket (Food Cellar)in two large towers across the street from the Citibank building, the conversion of the Eagle Electric factory that will add another 700+ luxury rental units and, for better or for worse, 4 affordable housing towers at the southern tip of Hunter's Point). Rockrose recently purchased a block's worth of old warehouses and buildings along Jackson Avenue that they plan to either demolish or otherwise convert to retail shops). Rockrose's hope is that the proximity to the subway and mid-town will fuel growth in the Court Square area. LIC has a long way to go to establish itself as a truly premier neighborhood, but the growth potential is there and soon to be realized.

2-3 years ago, i could easily purchased a new 1,100+ square foot (2 bedroom) unit in hunter's point south for about 630k to 680K. Right now, you'll be lucky to get one below 800K. The same could be said for Williamsburg. As a buyer who's been to many open houses and seen many different units, price increase has been pretty steady for both areas. Dumbo on the other hand saw the small price increase but prices didn't take as big of a dump back during the crisis. To summarize it:

Dumbo: small price increase since crisis but also weather the storm far better than the other 2.
WB: Took the biggest price drop but since price went far lower, the % increase back up was better.
LIC: Before the crisis, prices were about 800-900 psf and bottomed around 580-620psf. Most buildings are selling setting record highs in psf.

Prices in LIC have truly taken off as The Bindery, a boutique building with all of 20 units, recently reported some units selling at just over $1,000 psf.