Queens Condo Submarkets: LIC, Astoria, Flushing and More

Updated Oct 26, 2026 · 7 min read

Queens, Neighborhood by Neighborhood

Since 2015, the Attorney General has accepted 362 condo offering plans in Queens, with 15,029 homes. They aren't spread evenly: 9 neighborhoods have at least 8 plans each, and together they account for 85% of them. Long Island City alone has 25% of the plans and 31% of the homes.

Sponsor closings across Queens over the last 3 years had a median of $1,121 per square foot. By neighborhood, that runs from $349 in Corona to $1,456 in Long Island City.

Queens condo plans accepted since Jan 1, 2015, in neighborhoods with at least 8 of them. Typical building: the median number of homes. Asking $/sf: the median of each building's sponsor price list (Schedule A, plans accepted since 2020, at least 3 buildings). Closings $/sf: the median of sponsor closings recorded in ACRIS from Sep 30, 2023 to Sep 30, 2026 (at least 10). Common charges: the median first-year figure per home per month, and per square foot. Walk: the median walk to the nearest subway entrance. A dash: too few to show.

"Asking" is the sponsor's price list in the offering plan, as filed. "Closings" are what buyers actually paid the sponsor, from deeds recorded with the city. Each neighborhood's mix of building sizes, ages and finishes moves both, so treat the gaps as a guide, not a rule.

Long Island City: The Tower Market

Long Island City is the biggest condo market in Queens, with 91 plans and 4,608 homes since 2015, and the most expensive. Sponsor closings over the last 3 years had a median of $1,456 per square foot across 319 sales, and a median price of $953,000.

• Transit: the typical building is 3 minutes from a subway entrance, with the 7, E, M, G, N, R and W all running through the neighborhood.
• Buildings: the median plan has 24 homes, and only 30% have fewer than 10. The towers along Jackson Avenue, Queens Plaza and Court Square pull the total up.
• Common charges: a median of $556 per home per month, or $0.68 per square foot, in the first-year budgets.

More in the Long Island City condo market and new condos in Long Island City.

Astoria: Smaller Buildings, Lower Prices

Astoria (with Ditmars and Steinway) had 73 plans with 2,015 homes since 2015. Buyers paid sponsors a median of $1,195 per square foot over the last 3 years, 18% less than in Long Island City, and a median price of $776,981.

• Buildings: smaller than in LIC. The median plan has 16 homes, and 25% have fewer than 10.
• Transit: a median walk of 7 minutes to the subway.
• Common charges: $482 per home per month, or $0.68 per square foot.

Some neighborhood maps put the western edge of Astoria, near the waterfront, in Long Island City. We count those blocks as Astoria here, as on our Astoria condo market page.

LIC or Astoria?

LIC costs more per foot and puts you closer to the train. What buyers expect to save in Astoria's smaller buildings, they don't: first-year common charges per square foot are the same as LIC's ($0.68 against $0.68). A 16-home building has no gym or doorman to pay for, but it spreads its super, insurance and boiler over far fewer owners. Compare the per-foot charge in Schedule B, not the amenity list.

Medians, from the table above.

Flushing: Big Buildings, Lower Charges

Flushing is the third big Queens condo market: 55 plans with 3,884 homes since 2015. Its buildings are the largest of the submarkets, a median of 40 homes. Sponsor closings had a median of $1,009 per square foot, 31% less than in LIC, and a median price of $576,330.

Common charges are among the lowest in Queens: $341 per home per month, or $0.55 per square foot. The typical walk to the subway is 9 minutes. More in the Flushing condo market.

The Rest of Queens

• Elmhurst had 22 plans, with a median of 22 homes, a median asking price of $850 per square foot and a typical walk of 6 minutes to the subway.
• Ridgewood is a small-building market: 12 plans, a median of 6 homes, and 83% with fewer than 10. See the Ridgewood condo market.
• Woodside, Rego Park, Murray Hill, Corona and other neighborhoods each have a handful of plans. Their numbers are in the table above, but with fewer buildings, one large project can move the median.

Across all the submarkets, the closest to the subway is Long Island City (3 minutes) and the farthest is Murray Hill (16 minutes). How that walk shows up in prices is in what the subway walk does to condo prices, and what else moves Queens prices is in what raises Queens condo prices.

Common Charges by Submarket

First-year common charges range from $341 per home per month in Flushing to $556 in Long Island City. Across Queens, the median is $445. Per square foot, which allows for bigger and smaller homes, they run from $0.55 to $0.68.

Compare any building on the common charge benchmarks.

The 421-a Cliff

Of the 59 Queens new condo plans filed in 2020 and 2021, 22 (37%) named a 421-a abatement. Of the 105 filed from 2023 to 2025, 8 did (8%). Many later plans name ICAP instead. Read the fine print: in the plans we read, ICAP covers the retail, garage or community facility unit, not the apartments.

The law behind it: the last version of 421-a, Affordable New York (RPTL 421-a(16)), covered only buildings that started construction by June 15, 2022. For condos it was already narrow: a homeownership project had to be outside Manhattan, have no more than 35 units, average no more than $65,000 of assessed value per unit at completion, and each buyer had to agree to live there for five years. Buildings that started before the deadline can still finish under it (until June 15, 2031 if the sponsor filed a letter of intent by September 12, 2024), which is why a few 2023–2025 plans still name it.

Its 2024 replacement, 485-x, covers buildings started after June 15, 2022 and keeps a condo option outside Manhattan: the units must average no more than $89 of assessed value per square foot at the first assessment, and buyers again must live there five years. We haven't yet found a Queens condo plan that names it.

Bottom line: when you compare a 2019 LIC building with one filed in 2025, look past the common charges. The newer one likely pays full property tax while the older one may still be abated. The plan's tax schedule shows it unit by unit. More in estimating a condo's property tax.

Related: What Queens Condo Buyers Actually Pay More For · The Long Island City Condo Market