Contracts Signed Report, #Long Island City, Week Of January 29, 2018 through February 4, 2018

One contract was signed last week in the condominium market and no contracts were signed at City Lights. We hear that a new development in the Queens Plaza area, consisting of 36 apartments, will announce this week that nearly 50% of the units are under contract based on word of mouth alone. We will provide additional information in next week's report. 

The signed condo contract was for a 2 bedroom, 2 bath resale unit. The apartment was last priced at $1,350,000, $1,137 per square foot. 

Best Regards.

Patrick

Long Island City: 718.208.1999

Manhattan: 212.434.7086

Photo Credit: TF Cornerstone

About the Author

Patrick is a leading New York City real estate broker and new development specialist. He combines more than 15 years’ experience in real estate brokerage, marketing, research and new development sales and leasing with exceptional creativity and unparalleled service to help clients maximize value on their real estate investments while minimizing risk.

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