The Long Island City Condo Market
Summary: What new LIC condos actually close for, by bedroom and by year, how quickly buildings sell out, and how Hunters Point, Court Square, Queens Plaza and Dutch Kills compare.
What LIC Condos Sell For
Over the last three years, 319 new condos closed in 21 Long Island City buildings at a median $953,000, or $1,456 per square foot. Here's what sold, by size:
| Home | Share of sales | Sizemedian sf | Pricemedian | $/sfmedian |
|---|---|---|---|---|
| Studio | 9% | 420 | $702,59329 sales | $1,672 |
| 1 bedroom | 52% | 589 | $908,122164 sales | $1,485 |
| 2 bedrooms | 36% | 872 | $1,229,171116 sales | $1,358 |
| 3+ bedrooms | 3% | 1,314 | $1,775,0009 sales | $1,345 |
| All homes | 100% | 623 | $953,000319 sales | $1,456 |
Sponsor closings (first deed for each new home, ACRIS), Sep 30, 2023 to Sep 30, 2026.
These are closing prices: the first recorded deed for each new home, matched to its unit in the offering plan. Resales are left out.
LIC Condo Prices Over Time
- $6592007
- $6752008
- $6352009
- $6362010
- $5202011
- $6002012
- 2013
- 2014
- 2015
- $1,1272016
- $1,1672017
- $1,1392018
- $1,1992019
- $1,3402020
- $1,3162021
- $1,3172022
- $1,2512023
- $1,4002024
- $1,5032025
- $1,6172026
Sponsor closings (ACRIS) through Sep 30, 2026. Hover a year for its count; empty years had fewer than 3 closings.
The median was $1,326 a square foot in 2020–21 and $1,456 over the last three years (+10%). Years with only a building or two closing move with whichever building that was.
| Year | Sponsor closings | Median price | Median $/sf | 1 bedroommedian | 2 bedroomsmedian |
|---|---|---|---|---|---|
| 2007 | 191 building | $544,764 | $659 | $523,347 | $784,053 |
| 2008 | 452 buildings | $585,494 | $675 | $570,220 | $907,279 |
| 2009 | 242 buildings | $422,482 | $635 | $413,813 | $762,804 |
| 2010 | 182 buildings | $447,143 | $636 | $430,950 | $585,000 |
| 2011 | 133 buildings | $276,822 | $520 | $276,822 | — |
| 2012 | 43 buildings | $463,500 | $600 | — | — |
| 2016 | 362 buildings | $1,163,351 | $1,127 | $763,688 | $1,197,462 |
| 2017 | 133 buildings | $977,645 | $1,167 | — | — |
| 2018 | 773 buildings | $817,475 | $1,139 | $819,958 | $1,130,000 |
| 2019 | 448 buildings | $896,538 | $1,199 | $880,000 | $962,246 |
| 2020 | 1349 buildings | $856,543 | $1,340 | $858,878 | $1,300,000 |
| 2021 | 1368 buildings | $944,968 | $1,316 | $916,425 | $1,362,871 |
| 2022 | 11011 buildings | $958,878 | $1,317 | $809,509 | $1,425,550 |
| 2023 | 1198 buildings | $730,000 | $1,251 | $725,000 | $1,211,718 |
| 2024 | 10812 buildings | $967,886 | $1,400 | $840,000 | $1,179,313 |
| 2025 | 13613 buildings | $941,881 | $1,503 | $919,631 | $1,240,000 |
| 2026 | 6610 buildings | $997,000 | $1,617 | $972,887 | $1,467,319 |
First recorded deed for each new home, from city deed records matched to the offering plan's unit list, through Sep 30, 2026. Years with fewer than 3 closings are left out; bedroom columns need 3 sales.
How Fast LIC Condos Sell
Of the 79 Long Island City buildings whose sponsor closings began in 2015 or later, 50 have sold out. The typical one took 7 months from its first closing to its last.
| Sales began | Buildings | Sold out in 12 months | Time to sell outmedian | Closed vs. listmedian building |
|---|---|---|---|---|
| 2015–19 | 27 | 30% | 15 months | 3% above list |
| 2020–22 | 24 | 42% | 9 months | 4% below list |
| 2023+ | 28 | 48% | 3 months | 3% above list |
ACRIS sponsor closings through Sep 30, 2026, buildings whose first closing came in 2015 or later. Time to sell out runs from a building's first closing to its last, among buildings that have sold out. List: the sponsor's Schedule A price for the same homes.
- Closing vs. list. The median building's first sales closed 1% above list: the sponsor's Schedule A price for the same homes, across 57 buildings we could match. 56% of them closed above list.
- Sales have sped up. 30% of buildings whose closings began in 2015–19 sold out within a year, against 48% for 2023 or later. Still, 18 buildings had unsold homes two years or more after their first closing.
Why Long Island City's Condo Market Has Slowed
Long Island City adds far fewer new condos than it used to: about 328 homes a year in plans accepted since 2023, against 563 a year in 2015–19, 42% fewer, though up from 2020–22 (table).
| Plan accepted | Plans a year | Homes a year | Typical buildinghomes | Asking $/sf |
|---|---|---|---|---|
| 2000–07 | 322 plans | 207 | 56 | — |
| 2008–14 | 320 plans | 130 | 34 | — |
| 2015–19 | 946 plans | 563 | 22 | $1,283 |
| 2020–22 | 413 plans | 192 | 32 | $1,209 |
| 2023–today | 932 plans | 328 | 21 | $1,403 |
Accepted condo plans. Asking $/sf: the median building's first Schedule A price list.
- The 421-a tax break ended. New projects had to start construction by June 2022 to get it. 65% of Long Island City plans accepted 2015–22 that name a tax program used 421-a; of the 9 accepted since 2023 that name one, 11% do. Without it, buyers carry full property taxes from the start.
- Higher prices. The median plan asked $1,283 a square foot in 2015–19 and $1,403 since 2023.
More are on the way: 6 plans filed since 2025 are still under review (below).
Where LIC Condos Are, and the Walk to the Subway
Price per sf vs. the rest of Long Island City
- −3% Hunters Point
Outline: Long Island City as our data pages draw it. Each dot is a plan; each square the nearest entrance of a station those plans walk to.
Long Island City is served by:
- 7: Vernon Blvd-Jackson Av, Hunters Point Av, Court Sq and Queensboro Plaza
- E and M: Court Sq-23 St and Queens Plaza
- G: Court Sq and 21 St
- N and W: Queensboro Plaza, 39 Av-Dutch Kills and 36 Av
| Nearest subway | Lines | Condo plans | Walkmedian |
|---|---|---|---|
| Vernon Blvd-Jackson Av | 7 | 39 | 4 min |
| Court Sq-23 St | 7, E, F, G, M | 27 | 2 min |
| Queensboro Plaza | 7, N, W | 23 | 2 min |
| 21 St | G | 12 | 3 min |
| 39 Av-Dutch Kills | N, W | 8 | 4 min |
| 36 St | M, R | 5 | 3 min |
Each plan counted once, at the station entrance with the shortest walk.
The median recent building is 3 minutes from a subway entrance, and 92% are within 5 minutes. More in subway distance and condo prices.
Prices Within LIC
We compared each building's closings with the Long Island City average in the same year, so rising prices don't skew the comparison:
| Part of the neighborhood | Buildings | Price per sfvs. the rest, same year |
|---|---|---|
| Hunters Point (closest to Vernon Blvd-Jackson Av) | 14 | −3% |
Sponsor closings since 2015, buildings with 2+ of them. Each sale is compared with Long Island City's average $/sf that year; a row compares the median building inside the area with the median one outside it.
- Hunters Point is about the same as the rest of LIC (−3%): the waterfront blocks around Vernon Boulevard don't carry much of a premium once the year of sale is held equal.
Amenities, Laundry and Doormen
What the offering plans accepted since 2015 include:
Amenities
72%have a shared amenity: gym, roof deck, bike room, package room or storage
Washer/dryer
69%include a washer and dryer in each home
Doorman
32%have a staffed front desk
Plans accepted since 2015. Amenities: 74 new-construction plans; washer/dryer: 74 plans that say either way; front desk: 76 plans read.
- Elevators: 81% of the plans that say either way.
- Laundry: 30% provide washer/dryer hookups only. More in washer/dryers in NYC condos.
- Some doormen: 17% have a 24-hour desk; 12% rely on a virtual doorman instead.
- Heat pumps: 84% of plans, so heating and cooling run on your own electric bill.
Common Charges
A typical new Long Island City condo charges $571 a month per home (median of 24 plans accepted since 2015). Here's where it goes, next to Astoria and Greenpoint:
| Per home, per month | Long Island City | Astoria | Greenpoint |
|---|---|---|---|
| Common charges a month | $571 | $482 | $665 |
| Staff | $98 | $57 | $38 |
| Insurance | $93 | $69 | $103 |
| Water & sewer | $75 | $56 | $81 |
| Heat, gas & electricity | $71 | $69 | $56 |
| Repairs & service contracts | $99 | $83 | $156 |
| Management fee | $39 | $60 | $88 |
| Reserves & contingency | $62 | $51 | $77 |
| Legal, accounting & admin | $32 | $28 | $65 |
| Amenities & other | $2 | $9 | $1 |
Plans accepted since 2015: the median first-year common charge per home (Long Island City 24, Astoria 18, Greenpoint 38 plans), split by the average share of each Schedule B budget line (24, 18, 38 budgets).
The biggest pieces are repairs & service contracts ($99) and staff ($98). LIC falls between Astoria ($482) and Greenpoint ($665), and spends more than either on staff and insurance. Compare with common charges across NYC.
New LIC Condo Plans Filed Since 2025
16 condo plans with 1,273 homes have been filed since 2025: 10 accepted and 6 still under review.
| Building | Filed | Asking $/sf | Common chargesper month | Subway walk |
|---|---|---|---|---|
| 51-09 2nd Street9 homes | Aug 14, 2026Under review | — | — | 6 minVernon Blvd-Jackson Av (7) |
| 10 - 32 47th Avenue22 homes | May 19, 2026Under review | — | — | 3 min21 St (G) |
| 45-11 23rd St And 23-14 45th Ave615 homes | Apr 23, 2026Under review | — | — | 1 minCourt Sq-23 St (7, E, F, G, M) |
| 42-76 Hunter Street33 homes | Jan 16, 2026Under review | — | — | 3 minQueens Plaza (E, F, R) |
| 10-39 49th Avenue35 homes | Dec 1, 2025Accepted May 14, 2026 | $1,767 | $379 | 2 minVernon Blvd-Jackson Av (7) |
| 11-37 44th Drive113 homes | Nov 24, 2025Accepted Jul 9, 2026 | — | — | 1 minCourt Sq-23 St (7, E, F, G, M) |
| 47-09 Vernon Boulevard7 homes | Oct 30, 2025Under review | — | — | 4 minVernon Blvd-Jackson Av (7) |
| 11-50 45th Road67 homes | Oct 30, 2025Accepted Mar 23, 2026 | $1,809 | $601 | 3 min21 St (G) |
| 21-47 44th Drive12 homes | Oct 2, 2025Under review | — | — | 1 minCourt Sq-23 St (7, E, F, G, M) |
| 37-28 Crescent Street39 homes | Aug 22, 2025Accepted Dec 17, 2025 | $1,401 | $540 | 7 min39 Av-Dutch Kills (N, W) |
| 25-08 43rd Avenue39 homes | Jul 15, 2025Accepted Feb 24, 2026 | $1,833 | $437 | 3 minCourt Sq-23 St (7, E, F, G, M) |
| 45-40 Vernon Boulevard186 homes | Jun 13, 2025Accepted Nov 13, 2025 | $1,747 | $747 | 7 minVernon Blvd-Jackson Av (7) |
| 42-38 27th Street57 homes | Jun 12, 2025Accepted May 18, 2026 | — | — | 2 minQueensboro Plaza (7, N, W) |
| 40-21 27th Street9 homes | May 27, 2025Accepted May 27, 2025 | $1,491 | $434 | 4 minQueensboro Plaza (7, N, W) |
| 33-10 38th Avenue20 homes | May 23, 2025Accepted May 29, 2026 | $1,843 | — | 2 min36 St (M, R) |
| 45-29 47th Street10 homes | Feb 20, 2025Accepted Feb 20, 2025 | $1,099 | $460 | 2 min46 St-Bliss St (7) |
Asking $/sf: the sponsor's Schedule A average. A dash means the plan doesn't list enough priced homes, or its budget isn't read yet.
FAQ
How much do new condos in Long Island City cost?
Over the last three years, new Long Island City condos closed at a median $953,000, or $1,456 per square foot.
Do Long Island City condos sell below the asking price?
The median building's first sales closed 1% above list, the sponsor's Schedule A price for the same homes.
How long does it take a Long Island City condo building to sell out?
The typical building that has sold out closed all its homes 7 months after its first closing.
What are common charges in a new Long Island City condo?
About $571 a month per home for the median plan accepted since 2015.
Do Long Island City condos have doormen?
Some do: 32% of recent plans have a staffed front desk, and 81% have an elevator.
Where do these figures come from?
Long Island City is the neighborhood as our data pages draw it, from each building's map point. Plans are condo offering plans the New York Attorney General accepted or is reviewing, with at least one home. Sales are sponsor closings from city deed records, through Sep 30, 2026. Features come from the plan text and may change by amendment; check the latest plan for the building you're buying in. New to offering plans? Start with what a condo offering plan is.
Related: The Harlem Condo Market · The Williamsburg Condo Market