Industrial Buoyant, Other Sectors To Flourish

[IMGCAP(1)]LONG ISLAND CITY, NY-Long Island City has recently become much more active, not only residentially, but also in other sectors as well, according to Sanford Zuckerbrot, chairman of Long Island City-based Sholom & Zuckerbrot Realty. Neil Dolgin, co-president of Brooklyn-based Kalmon Dolgin Affiliates, tells GlobeSt.com that the Queens neighborhood is flourishing in some parts and is remaining industrial and commercial in others. John Reinertsen, SVP from the LIC Queens office at CB Richard Ellis, tells GlobeSt.com that perhaps in another year, the picture will be more clear as to what will be successful in the area and what will not.

[IMGCAP(2)]The area has been known as an industrial neighborhood for decades, Zuckerbrot says. He explained that the area has flourished in recent years and is outgrowing its industrial identity.

Dolgin tells GlobeSt.com that “properties along the waterfront are transforming into hi-rise apartments and the large industrial buildings are renovating to accommodate other uses, such as commercial offices,” he says. “However, it is hard to say that Long Island City is outgrowing its industrial identity.”