LIC Condo Units Sell Like Hotcakes
A few stories popped up today regarding the demand at Long Island City condo buildings. First, a story published by DNAinfo on buyers snatching up properties around the city without bothering to see them in person. A snippet from the article: “The $599,000 one-bedroom unit in a Long Island City boutique condo had been listed…
A few stories popped up today regarding the demand at Long Island City condo buildings. First, a story published by DNAinfo on buyers snatching up properties around the city without bothering to see them in person. A snippet from the article: “The $599,000 one-bedroom unit in a Long Island City boutique condo had been listed on Streeteasy a mere 30 minutes when Pimmie Hoontrakul offered the full asking price, sight unseen.” Okay! Also, the Court Square Blog notes that Apartment #3B at 44-27 Purves Street (pictured above) entered contract after one week on the market and just a single open house. The buyer is paying full ask — $860,000 — for the two-bedroom, 1,023-square-foot pad.
Tight Market Has Buyers Snapping Up Homes Sight Unseen [DNAinfo]
44-27 Purves Street Apt. 3B Heads into Contract at Full Ask [Court Square Blog]
The condo next door, The Vista, which just opened for occupancy, has 8 open rentals listed on Streeteasy, even though it was 100% sold. I think we know where this one is headed. If you have the cash, why not rent it out and make a profit before the true taxes kick in?