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25+ years experience · 1,000+ transactions · 5-star reviews
Queens · New York, NY
170 active listings · Median $1.2M
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A primarily condo submarket with moderate rent growth, rising sale prices, and sale listings sitting longer than a year ago.
Median asking rent in Long Island City is $4,500/month, $21 below the 5-year high set in Sep 2025. Rents are up +3.4% year over year and +51.9% over the past 5 years. Median sale price stands at $1.24M, 5.9% below the 5-year high recorded in Mar 2024. Sale listings are clearing 55 days slower than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Mar 2026.
Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises al...
Stations: Hunters Point Av (0.17 mi), Court Sq (0.24 mi), Long Island City (0.61 mi), Queensboro Plaza (0.61 mi)
Midtown: 11 min (7 express from Hunters Point Av)
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Properties in Long Island City
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
Experience across NYC
Transactions closed
Active in Queens
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Long Island City buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
Queens median home prices rose 7.3% to $735K in 2026. From LIC highrises to Bayside single-families, here is your data-driven guide.
Manhattan 1BR rent: $4,550/mo. Median 1BR co-op: $688K. Break-even: 7.2 years. Full rent-vs-buy calculation by borough with 2026 mortgage rates.
Co-ops make up nearly 70% of NYC housing stock but require board approval. Condos cost more but offer flexibility. Here's how to decide.
New development condos in LIC, Downtown Brooklyn, and Hudson Yards offer tax abatements and modern layouts. Are they worth it?
Pre-approval gives you a 20-30% edge in NYC bidding wars. Here's what lenders need and how to set your budget ceiling.
Co-ops cost 2-3% at closing, condos 4-5%, new dev 6%+. On a $1M NYC purchase that is $20K to $60K. Every line item, who pays, and how to cut them.
The median sale price in Long Island City is $1.2M. Condo sales make up the bulk of activity, with a median of $1.1M. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
No. The median sale price in Long Island City is currently 5.9% below the 5-year high recorded in March 2024. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Long Island City have a median of 104.5 days on market. That is 55 days slower than the same point a year ago. Only 7.5% of active listings have a price cut on record, signaling tight pricing.
Long Island City is broadly balanced right now, with median days on market at 104.5 days and 7.5% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Long Island City is primarily a condo market, with the median sale price at $1.1M. Co-op inventory is limited.
Roughly 8 homes change hands each month in Long Island City across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Long Island City is $4,500/month. Live RLS listings show studios at $3,091, 1-bedrooms at $3,973, 2-bedrooms at $6,635, 3+ bedrooms at $6,750 per month. Rents are up 3.4% year over year.
Median asking rent in Long Island City is currently $21 below the 5-year high set in September 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Long Island City has risen 51.9% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Long Island City, median sale prices range across Greenpoint at $2.4M, Roosevelt Island at $965K, Midtown East at $775K, Sunnyside at $360K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Long Island City is served by the 7, E, G, M, N, R, W trains. The commute to Midtown Manhattan runs roughly 11 minutes from Hunters Point Av.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Long Island City, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Long Island City, I will guide you every step of the way.
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