Drop in Real Estate Prices in Long Island City

March 19, 2018
Published in Spectrum News NY1
With hundreds of new units flooding the market, a new report from Modern Spaces says that rents for Long Island City condos have fallen an average of 6% over the last year, meaning LIC luxury apartments are more affordable than ever. Modern Spaces CEO and President Eric Benaim says that the market is so renter-friendly that property owners are offering incentives like months of free rent and waived amenity fees to entice tenants to their buildings. Renters seeking to take full advantage of this favorable market need look no further than Modern Spaces itself, the professional real estate group that both analyzes the market and helps buyers find their perfect home. Read Full Article 
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