“Amazon will be missed”: LIC’s resi market mania will cool with tech giant’s departure

In mid-November, condo units suddenly began to sell sight-unseen. Lines for open houses stretched around the block. Amazon’s announcement that it would create a massive campus on the shores of the East River sparked a buying frenzy in Long Island City, transforming a buyer’s market into a seller’s market overnight as sellers seized the chance to hike up prices and developers eyed new projects. “We are thrilled that the rest of the world is discovering […]

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