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Long Island City Commercial Real Estate

Investment sales, advisory, and complimentary property valuations across Long Island City - from waterfront high-rise development and multifamily to mixed-use and industrial assets around Court Square, Hunters Point, and the Vernon Boulevard corridor. Invictus Property Advisors helps owners navigate one of New York City's fastest-growing commercial real estate markets.

Investment Sales & Advisory
in Long Island City

Long Island City has been one of New York City's fastest-growing markets over the past two decades, transformed from an industrial district into a high-rise residential and mixed-use hub directly across the East River from Midtown Manhattan. Spanning Hunters Point, Court Square, and the Vernon-Jackson corridor, the neighborhood combines large-scale new development with a deep base of industrial and commercial properties.

The area's building inventory spans waterfront residential towers, mixed-use buildings, converted and active industrial and manufacturing properties, and significant remaining development sites. Court Square has emerged as a commercial and residential core anchored by office towers and transit, while Hunters Point and the waterfront feature Gantry Plaza State Park and dense new construction. Transit is exceptional, with the 7, E, M, G, and N/W lines plus ferry service providing one of the shortest commutes to Manhattan of any outer-borough market.

Invictus Property Advisors brings hands-on experience in the Long Island City commercial real estate market. Our team advises commercial and industrial owners, investors, and developers on building sales, valuations, and strategic positioning across asset types and price points. Whether you own a development site, a mixed-use building, or an industrial asset, we provide the market insight and execution to help you make informed decisions.

Market Snapshot

$400-$900
PPSF Range
Multifamily / mixed-use
▲ YoY
4.0%-5.5%
Cap Rate Range
Varies by asset type
— Stable
11-20x
GRM
Gross Rent Multiplier
— Stable
$250-$600
PPBSF Range
Buildable square foot
▲ YoY

Ranges reflect approximate recent Long Island City pricing tracked by Invictus Property Advisors. Pricing varies significantly by asset condition, rent roll composition, development potential, waterfront access, and location within the neighborhood. Contact us for a current, property-specific analysis.

What We Do

Through a tailor-made marketing approach, we maximize asset value and create opportunities for investors and owners across Long Island City.

Investment Sales

Investment Sales

Strategic marketing and sale of multifamily, mixed-use, industrial, and development assets throughout Long Island City. Our team designs a tailored campaign for each listing - from development sites near the waterfront to mixed-use and industrial buildings around Court Square - positioning each asset to attract the strongest buyer pool and optimal pricing.

Property Valuation

Property Valuation

Complimentary broker opinions of value for Long Island City property owners, backed by current comparable sales data, our proprietary database, and direct knowledge of neighborhood pricing trends. Whether you are considering a sale or simply want to understand your property's current market position, our valuations provide the clarity needed to make informed decisions.

Market Advisory

Market Advisory

In-depth analysis of Long Island City's evolving commercial real estate landscape - including pricing trends, development and office demand, and the effect of waterfront growth, rezoning, and industrial-to-residential transition on local property values.

Buyer Representation

Buyer Representation

Identifying on-market and off-market acquisition opportunities for investors targeting Long Island City's mixed-use, industrial, and development inventory. We leverage our proprietary database and broker relationships to connect buyers with assets that match their investment criteria - from development sites to industrial and mixed-use assets.

1031 Exchange Assistance

1031 Exchange Assistance

Guidance for Long Island City property owners looking to defer capital gains taxes through a like-kind exchange. We help identify qualified replacement properties within IRS timelines and coordinate with tax professionals and attorneys to ensure a smooth exchange process.

Leasing & Management

Leasing & Management

Retail leasing, mortgage brokerage, and property management services available as part of a full-service approach. For owners who also need support with tenant placement, lease negotiations, or day-to-day building operations, Invictus offers integrated solutions designed to maximize net operating income.

Who We Work With

Owners and investors active in Long Island City.

Private Owners

Long-term holders of industrial, commercial, and mixed-use buildings - many owned since LIC's manufacturing era - who are evaluating their options in a rapidly transforming market. Whether you are exploring a sale, considering a refinance, or planning a generational transfer, our team provides straightforward guidance on current market value and strategic alternatives.

Investors & Funds

Private and institutional investors seeking value-add, core-plus, and development opportunities in Long Island City. Buyer demand remains strong for well-located assets with upside - particularly development sites and industrial and mixed-use buildings near transit and the waterfront - and we actively match qualified buyers with off-market and exclusive opportunities.

Developers

Ground-up and conversion developers targeting Long Island City's development sites and industrial conversion opportunities. With sustained demand for residential and commercial product and significant remaining capacity, opportunities exist for new high-rise construction and adaptive reuse. We advise on zoning analysis, assemblage strategies, and disposition timing.

Estates & Fiduciaries

Executors, trustees, heirs, and estate attorneys managing inherited or estate-owned real estate. We help families and fiduciaries understand current market value, evaluate sale timing, coordinate property access, and run a discreet, organized process designed to maximize value while reducing friction among stakeholders.

Lenders, Banks & Special Servicers

Banks, private lenders, special servicers, and noteholders handling foreclosure, REO, distressed, or lender-controlled real estate. We assist with broker opinions of value, asset valuation, buyer targeting, marketing strategy, and the disposition of multifamily, mixed-use, retail, development, and commercial properties throughout New York City.

Frequently
Asked
Questions

The process typically begins with a complimentary property valuation where we assess your building's current market value based on comparable sales, rent roll analysis, and market conditions. From there, we develop a tailored marketing strategy, prepare professional materials, and conduct targeted outreach to qualified buyers. Once offers are received, we negotiate on your behalf to secure the best possible terms. After a purchase agreement is signed, we guide you through due diligence and closing - which typically takes 60 to 90 days.

A broker brings market expertise, access to a qualified buyer network, and negotiation experience that typically results in higher sale prices and shorter marketing periods. At Invictus, each listing is worked on by the entire team - ensuring maximum exposure, competitive bidding environments, and a streamlined process from listing to closing. Our proprietary database and established relationships with active buyers across New York City allow us to identify the right match for your asset quickly and confidently.

Contact our team for a complimentary broker opinion of value. We analyze recent comparable sales, current market conditions, your building's rent roll, operating expenses, and physical condition to provide a thorough and accurate assessment. Our valuations are data-driven and grounded in real transaction experience - not automated estimates. You can request a valuation through the form on this page or by calling (212) 596-7570.

We specialize in development sites, multifamily and mixed-use buildings, and industrial and commercial assets throughout Long Island City. Our team has the expertise and buyer network to position assets across the area's major asset classes - from waterfront development sites to industrial buildings around Court Square. Whether your property is a single building or part of a larger portfolio, we have the relationships to maximize its value.

Long Island City's transformation has been driven by rezoning, its proximity and exceptional transit access to Midtown Manhattan, and sustained demand for new housing and commercial space. Waterfront development around Hunters Point and commercial growth at Court Square have reshaped the skyline. For owners, this has supported strong values for development sites and well-located buildings, though pricing still depends on each property's fundamentals and development potential.

Long Island City retains a significant industrial base alongside its residential growth, and the transition of some industrial areas toward mixed-use and residential development has been a major value driver - while protected industrial zones remain important for last-mile logistics and manufacturing. We help owners understand how zoning, demand, and conversion potential affect their specific asset's value and best strategy.

Market timing depends on your individual financial situation, property condition, and investment goals. Long Island City benefits from exceptional transit, sustained development demand, and a growing residential base. Transaction activity varies with pricing alignment and asset quality, but well-located assets and development sites continue to attract buyer interest. We recommend starting with a complimentary valuation to understand your property's current market position before making any decisions.

Let's Talk About
Long Island City

Whether you are considering selling, looking to invest, or want to understand your property's current market value - we are here to help. Request a complimentary valuation or schedule a consultation with our team. We work with owners and investors across Long Island City and the surrounding Queens markets.

Office 222 West 37th Street, 14th Floor, New York, NY 10018