An ‘Amazon Effect’ on Queens Real Estate? Here’s Why Brokers Say It’s Real - News Summed Up

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


[What you need to know to start your day: Get New York Today in your inbox.] Even in Long Island City, Queens, one of the fastest-growing neighborhoods in New York City, 2018 was not exactly shaping up as a banner year for real estate. Heading into the traditionally slow winter season, condominium sales had slumped. But then in early November, news broke that Amazon would build a vast campus in the neighborhood and hire more than 25,000 employees. But it has been greeted with euphoria among real estate brokers who have seen a sudden gold rush of interest in the local condo market.


Source: New York Times December 27, 2018 08:00 UTC



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