Tuesday , July 27 2021

Amazon moves to Long Island City Condo goes to Frenzy



Even before

I Amazon.co
Inc.

He decided to establish a headquarters in Long Island City, and he was rushed to condemn his interest in the retail giant Queens neighborhood.

Amazon's interest was seldom known a week ago, but brokers are selling their units – sometimes not – through text messaging. Others rent a minibus and are willing to take care of more than one building, or are full of Chinese group tours.

Now, with Amazon's commitment to the New York City neighborhood, brokers are predicting a further rise in the apartment market.

Tan This is like a gift from the gods to the Long Island City apartment, ar said Patrick W. Smith, a Stribling agent in the area.

Long Island City and Northern Virginia, according to people who know this subject, were named the houses of Amazon's second and third headquarters. Each of the regions can accommodate 25,000 employees. The decision was announced Monday evening.

Until last week, the Long Island City market slowed down sales and increased stocks. Now, some brokers say the sudden mood change reminded them of the days of the capital just before the crash in the housing market before the 2008 crisis in New York City. Gör This is the first time in my 20-year career, I've seen a buyer's market selling to a dealer's market overnight, on the basis of a rumor.

For the first six days since New York's interest in Long Island City, StreetEasy.com said that StreetEasy.com listing for neighborhood housing increased by 295% from the same period a week ago. StreetEasy said the biggest increase occurred in the first few days after the news, when the search volume increased by more than 400%.

Real estate broker Teresa Ali faced a frenzy in the Galerie's sales office, a new brick and glass building on Jackson Street. Although the building hanging around a central garden does not open until spring, Ms. Ali said her team had met nearly 100 buyers on Saturdays and Sundays. Over 60 recipients were rejected after releasing their names.

The same building recorded 34 visits from potential buyers during the previous week. After Sunday's open house, gec Multiple offers were on the table teklif and four more nights were offered.

Müdür Bedlamed, ü said Ms. Ali, sales manager of Halstead Property Development Marketing. During the weekend his team organized simultaneous group tours in English and Mandarin.

39 Buyers hope they will become the next Silicon Valley and want to be on it, & # 39; A broker talked about the sudden increase in Long Island City.

39 Buyers hope they will become the next Silicon Valley and want to be on it, & # 39; A broker talked about the sudden increase in Long Island City.

Photo:

Christopher Lee / Bloomberg News

The speculative investors and buyers who plan to live in the neighborhood promise that the Amazon headquarters will bring new opportunities and wealth to a once-ruined industrial quarter and will push prices up in the future.

Da Buyers believe they'll be the next Silicon Valley and want to be in it, or says Kayla Lee, managing director of sales in Corte in the Modern Spaces, an eight-story condominium in August with an angular glass front.

Last week it was the best in the building and six of 84 units and more were under negotiations. Last week, there were 20 appointments four times a week.

Even before the Amazon decision, Ms. Lee said the prices were planned to go up.

Eric Benhaim, the founder and president of Modern Spaces, said, Eric The customers I haven't spoken for in seven or eight years have begun to text me. Modern Sat I sold 20 apartments with text. “

Cities Stand

Amazon has chosen their place for the operations of Crystal County in Arlington County and Long Island City's new headquarters in New York.

Min. max. List of values ​​from the 19 US sites in the short list

Transportation and housing

Transit riding, as a percentage of workers

Business State Tax Climate, sequential

Fortune 500 company headquarters, by city

One-way turnaround time, average

Monthly cost of housing, average

Number of farmer markets, by city

College educated population

Technical grades from 2011-16

Min. max. List of values ​​from the 19 US sites in the short list

Transportation and housing

Transit riding, as a percentage of workers

Business State Tax Climate, sequential

Fortune 500 company headquarters, by city

One-way turnaround time, average

Monthly housing cost, average

Number of farmer markets, by city

College educated population

Technical grades from 2011-16

Min. max. List of values ​​from the 19 US sites in the short list

Transportation and housing

Transit riding, as a percentage of workers

Business State Tax Climate, sequential

Fortune 500 company headquarters, by city

One-way turnaround time, average

Monthly housing cost, average

Number of farmer markets, by city

College educated population

Technical grades from 2011-16

Min. max. List of values ​​from the 19 US sites in the short list

Business State Tax Climate, sequential

Fortune 500 company headquarters, by city

College educated population

Technical grades from 2011-16

Transportation and housing

Transit riding, as a percentage of workers

One-way turnaround time, average

Monthly housing cost, average

Number of farmer markets, by city

Many new housing developers representing the agency's agents now meet with customers to work with documents, he said.

Brokers say the Long Island City market has about 350 new apartments and about 50 sales units. Some of these re-sales units took weeks without any interest in the market, but they are now demanding, Mr. Smith.

On Friday, many condos found that weekend appointments in the sales office were filled. So on Saturday, they took five houses with a tour of the open houses (pedestrian and Uber). And on Sunday, Mr. Smith hired two navy blue minivans, who were drivers and he and his rifle shotguns, showing properties to groups of five buyers.

Other customers greeted them along the way, he said, so they clashed with at least 15 customers at the end of the day.

Edi The showroom is full of jams and not just grown, özel Mr. Smith said, adding that other customers would initially remain in a dedicated conference room dedicated to his group.

Mr. Smith, who lives in Long Island City, warned his buyers that the Amazon agreement was not made and could be dropped.

Still, değil The worst case for Amazon buyers is that they own property in Long Island City – not a bad offer, they tell me, Yine he said.

Write Josh Barbanel at [email protected]


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