Amazon Delivered a Booming Real Estate Market in Queens

The real estate market in most of New York City is sluggish to close out 2018, but for now, Long Island City is going gangbusters.

1 minute read

December 29, 2018, 1:00 PM PST

By James Brasuell @CasualBrasuell

The All-Nite Images / Flickr

The November announcement that Amazon would locate half of its second headquarters in Long Island City, Queens "has been greeted with euphoria among real estate brokers who have seen a sudden gold rush of interest in the local condo market," according to an article by Corey Kilgannon.

"Some inquiries have come from Amazon employees, but since only a few hundred will arrive in 2019, most buyers have been investors and New Yorkers looking to relocate to a neighborhood on the rise," adds Kilgannon.

The article tours the locations anchoring the boom, and digs into the dollar amounts that have resulted from the hype.

FULL STORY: An ‘Amazon Effect’ on Queens Real Estate? Here’s Why Brokers Say It’s Real

Thursday, December 27, 2018 in The New York Times

Urban Development New York New York City Long Island City Queens #AmazonHQ2 Corporate Headquarters Amazon Headquarters View More

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