Aug. 2, 2019 By Allie Griffin
Real estate giant the Corcoran Group opened its first office in the borough Wednesday, joining the other big firms looking to capitalize on Long Island City’s real estate boom.
“The growth of the Long Island City residential market has been phenomenal,” said Corcoran President and CEO Pamela Liebman. “Opening an office there was a strategic decision to enable Corcoran agents to best serve their clients looking for LIC homes and to support our agents in responding to growing buyer demand.”
Corcoran’s new office at 47-34 Vernon Blvd joins a stretch of big real estate firms that have opened on the block in recent years. Douglas Elliman, Modern Spaces, Nest Seekers and Halstead are all a few steps away from Corcoran’s new office space.
Despite the fall-out from the failed Amazon deal, last year 340 condominiums sold in Long Island City, according to Liebman. She credited the neighborhood’s “spectacular views of Manhattan” as part of the appeal drawing buyers in.
“LIC is a thriving neighborhood. Its easy access to Manhattan and the lifestyle it offers as a dynamic cultural community with a diverse culinary scene make it a highly desirable neighborhood,” Liebman said.