Sure, some people are buying Long Island City townhouses for $3 million, but the neighborhood also has a slightly less stratospheric rental market. The folks from The Marketing Directors passed along the above market snapshot, which has plenty of specifics on how the market is doing these days. The snapshot focuses on 10 new development listings for a total of 137 active listings, with an average asking rent for studios of $2,294/month, for 1BRs of $2,864/month, for 2BRs of $3,925/month, and for 3BRs of $5,000/month.
· $3 Million Townhouse Sale Sets Record in Long Island City [Curbed]
· The Marketing Directors [themarketingdirectorsinc.com]
· Market Reports coverage [Curbed]
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