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LIC Residents Are Earning More And Development Boom Continues: Report

(Lucas Klappas via Flickr)

April 8, 2019 Staff Report

The wealth and education level of Long Island City residents continues to rise and the neighborhood’s development boom shows no signs of abating, according to a recent report.

The Long Island City Partnership released its LIC Neighborhood Snapshot report Thursday, which revealed that the median household income in the Long Island City zip code of 11101 has jumped 10 percent from 2013 to 2017, to $52,000.

Additionally, the income level in the 11109 zip code, which covers a section of Hunters Point by Center Boulevard, increased about 10 percent over the same period to $132,000.

The education level of residents has also risen.

Zip Code 11101 is bound by the red line, excluding tiny area bound by gray on the Hunters Point waterfront that is Zip Code 11109 (googe)

The percentage of residents aged 25 years and older with at least a bachelor’s degree in the 11101 and 11109 zip codes jumped from 43 percent in 2013 to 52 percent in 2017.

The report also provided a detailed look at the development boom.

The report noted that since 2015, 10,450 housing units have gone up in the combined zip codes of 11101, 11109 and 11106. The partnership said that 4,000 of those units have gone up in the past 12 months.

Since 2006, 19,800 housing units have been completed within the three zip-codes. Of that number,16,200 are rentals with 3,600 being condos/coops.

The partnership expects at least 10,700 additional units to open by the end of 2021, with the next wave of development to take place north of the Queensboro Bridge.

Many of the Court Square/Queens Plaza buildings are in construction or are complete, while there are many buildings in the pipeline located north of the Queensboro Bridge, according to the report.

For instance, in the Court Square/Queens Plaza district, 8,700 units were completed between 2013 and 2018. Meanwhile, the number in construction is 3,600, while the number in the planning stage is 450.

Conversely, north of the bridge, 1,500 units were completed between 2013 and 2018, while 2,300 are in construction and 3,400 are being planned.

There are still thousands of units coming to Hunters Point. For instance, 4,075 units will open as part of the massive Hunters Point South development over the next decade.

The hotel boom is also continuing, according to the report. Since 2006, 32 hotels have opened in Long Island City and 46 have either been announced or under construction. The majority of these are located in the Dutch Kills/Queensbridge area.

Zip Code 11106 is bound by red (google)

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22 Comments

먹튀사이트

Hi! I’ve been reading your web site for some time now and finally got the courage to
go ahead and give you a shout out from Austin Texas!

Just wanted to mention keep up the excellent job!

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LIC Direct

Forget Wholefoods or Trader Joe’s. How about an Aldi’s or a Fairway? Former site of National Liquidators – a massive space – store went out of business is available on 48th street with a huge parking lot – ready for massive renovation and take over of the entire neighborhood. Would not shop anywhere else if we had a Fairway nearby.

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Frank

Sounds like the neighborhood is continuing to improve, or at least its residents are. Now to flush the toilet of Queensbridge and replace it with something better.

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You are what you eat

The idea of having Whole Foods in LIC went away with Amazon cowardly pulling out of the neighborhood as they own those supermarkets.

Then again, garbage people will eat garbage Whole Foods.

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Moses

Garbage ppl?…Amazon was forced out; due to people like you with garbage mouths. Long Island City is garbage… You people are hilarious

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MRLIC

The FAKE MRLIC wrote 2 April 8, comments in this article. One on riff raff and the other on Massive tax breaks from Trump. I guess he is the only one giving them out. Not Cuomo. What BS.Cuomo put them in after they had expired.

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Agreed, Trump gave MASSIVE tax breaks to the ultra-rich developers

So did someone else once.

Thanks for agreeing Trump gave MASSIVE tax breaks to the ultra-rich developers.

Since you hate developers, you’d never be gullible enough to vote for him right?

Why are you comparing people that gave massive tax breaks to the rich to Trump? 🤔

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VAL

I agree with VVNY. I am waiting for Whole Foods or Trader Joe’s to open, possibly next to the QBB.
I also think that LIC deserves now some good schools.

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Tony Rodriguez

All that means is that the threshold for what’s affordable in the formula for affordable housing is rising as well. Part of the plan to push the poor people out

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Hardworker

I agree. This BS of entitlement has to end. Work hard-play hard. No hand outs!!

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JH resident

No one is entitled to live in an area they can’t afford.

Overall, Queens is still a very family-friendly, affordable borough to call home. If a person can’t afford LIC, they should move elsewhere if they want to stay in Queens.

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OAR

Whole food and Trader Joe’s will NEVER come to the neighborhood as much as the residents would like it too. The DEVELOPERS won’t allow it. They want to protect their fancy expensive grocery Food Cellar, heard directly from the horses mouth at a community meeting. That’s also why we have a fancy “drug store” City Chemist instead of a CVS or Duane Reade/Walgreens.

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Ari

Man , that would assume one landlord owns the whole neighborhood. Which isn’t accurate.

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VVNY

I respectfully disagree. Developers would benefit from Whole Foods as it will help property values, the same way Amazon almost did.

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Mike

There is a Duane Reade literally next door to the Foodcellar Market at 47th Rd and 5th St and a CVS at 50th Ave and 2nd St. The hell are you talking about? Duane Reade is literally next to the market you’re talking about.

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Amazon Cuomo

Amazon gone? I think this is a “licking of the wound” article. Its all about good news spin in real estate.

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MRLIC

Great to hear, we need to do more to protect the great billionaire developers like Trump, luckily he’s given them MASSIVE tax breaks.

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