Brand new building|6 floors|46 units|Completed in 2024
Jerry Wang’s pertinent assessment
Building – Small to medium-sized development, modest layout, economical and practical.
Transportation – Located just north of Queensboro in Long Island City, it should be okay in the long run, with Astoria to the north and New York City’s largest social housing to the west, but still some distance away, and ongoing development to the east. Conveniently located and the surrounding restaurants still need to be enhanced, but to the south of Queensboro is a fast-growing area with buildings slightly away from traffic/subway noise.
Value – In the long run, there is no problem that new construction projects in Long Island City should maintain their value/appreciate steadily, but due to the large number of overseas people, the majority of people like to buy new homes, and the price of new buildings has pushed new highs in the past 10 years, the growth of second-hand housing prices has been slightly slow.
Miscellaneous – Personally, I still like the waterfront and courthouse squares in Long Island City, but the north side of Queensboro is okay in the long run, and the future development potential is OK, especially in areas that are as far away from the subway and bridge noise as possible, as well as social housing.
Suitable for – People who like brand new buildings, easy access and reasonable monthly costs.
Basic Information
Located in Long Island City, Noble LIC is a six-storey boutique residential building with a total of 46 units, blending modern architectural design with high-end urban living. The exterior of the building is hand-laid with bright white Norman bricks with black European windows and a unique balcony design for a simple and modern aesthetic.
Brand new building in 2024
6 floors
46 households
Studios to 2 bedrooms
Single room rates: from $680,000
1 bedroom price: from 820,000 USD
2 bedroom price: from 1,195,000 USD
facility
Fitness center
lounge
Roof terrace
Pet SPA
Bicycle storage
Indoor parking space
location
Noble LIC is located at the intersection of Long Island City, Astoria and Dutch Kills. It combines the modern urban vibe of Long Island City, the cultural charm of Astoria and the tranquil community environment of Dutch Kills to provide residents with a convenient and diverse living experience.
Convenient transport network
Noble LIC is located close to the 7, N/W, E/M/R, and F subway lines, just a few minutes’ walk from the station, and just 15 minutes from Midtown Manhattan, providing quick access to all of New York’s most important areas for work, socializing, or entertainment. In addition, there are a number of bus routes and Citi Bike sharing stations in the area to further enhance the convenience of commuting.
Surrounding environment and life functions
Noble LIC is located in a fast-growing area with a wide range of dining and shopping options, as well as a number of leisure and cultural facilities
Green space
Residents can head to Sven Park or the nearby Gantry Plaza State Park to enjoy a tranquil outdoor space overlooking the Manhattan skyline
Arts & Culture
Guests can enjoy the variety of cultural recreational options available near Kaufman Astoria Studios and Museum of the Moving Image.
Food & Nightlife
Astoria is known for its world-class restaurants, from Greek seafood to modern American restaurants, catering to every taste bud.
Floor plan and interior
Noble LIC offers a range of studios to two-bedroom units that combine modern design with amenities to provide residents with a high-quality urban living experience.
Cell
Size: Approximately 408 sq. ft
Bathroom: 1 room
Characteristic:
Ideal for singles or residents looking for a productive space, the open-plan design maximizes the sense of space
Floor-to-ceiling windows provide plenty of natural light and create a bright and airy living atmosphere
Modern kitchens with premium stone countertops and stainless steel appliances are both stylish and functional
The design of the bathroom is made of high-quality tiles and glass showers to enhance living comfort
One-bedroom units
Size: Approximately 505 – 675 sqft
Bathroom: 1
Characteristic:
Ideal for couples or small households, the spacious living room and separate bedroom offer a sense of privacy and openness
Some units are equipped with walk-in closets to enhance storage function
A modern open kitchen with top-of-the-line appliances and high-quality stone worktops for everyday cooking and socialising
The bathroom space is luxuriously designed, using marble elements and high-end equipment, bringing hotel-level enjoyment
Two-bedroom units
Size: Approximately 772 – 855 sqft
Bathrooms: 2
Characteristic:
Designed for small families or co-living, it offers two spacious bedrooms with two bathrooms for privacy and convenience
The master bedroom has a walk-in closet for added storage
The open-plan living and dining area is suitable for family gatherings or drinks with friends, and enjoys greater living flexibility
Some units have private outdoor spaces with city views to enhance the quality of living.
Suitability for investment
With a stable rental market, potential for future appreciation, and a relatively affordable investment threshold, Noble LIC is a long-term investment target worth considering for investors looking to enter the New York housing market. Its strategic location, convenient transportation, and the fact that housing prices remain competitive compared to Manhattan provide investors with the dual advantage of appreciation potential and rental returns.
Geographical advantages and development potential
・Near Manhattan
Located just one subway stop from Manhattan and within 15 minutes of subway lines 7, N/W, E/M/R, and F, Noble LIC is an attractive attraction for commuters.
・ Business and employment growth
In recent years, companies including Amazon, Citigroup, Uber and JetBlue have moved into Long Island City, driving the region
Economy and housing needs. LIC is also one of the fastest-growing areas in New York for the office and technology industry, with strong job growth momentum in the future.
・ Life functions are perfect
Surrounded by Sven Park, Kaufman Astoria Studios, the Museum of Cinema and Image, as well as a wide range of restaurants, cafes and entertainment options, it caters to young professionals and high-income renters.
Rental market potential
・ High-demand rental housing market
LIC is less expensive to live in than Manhattan, but still offers proximity to life, making it attractive to working professionals, tech practitioners, and young families in Manhattan.
・ Stable rental returns
According to market data, LIC rents for one-bedroom apartments range from $3,500 to $4,500 per month, and two-bedroom rents can reach more than $5,500, with a more competitive return on investment than other high-end areas in New York.
Appreciation potential
・Upward trend in housing prices in Long Island City
According to market research, home prices in Long Island City have risen by more than 35% in the past 10 years, and there is still room for appreciation in the future as development projects continue to advance.
・ Balance between supply and demand for new projects
Despite the many residential developments in recent years, LIC is still a prime developing area with more room for value addition than certain saturated areas in Manhattan or Brooklyn.
conclusion
“Whether for owner-occupancy or investment, Noble LIC combines convenience, modernity and long-term growth potential, making it a high-quality target for long-term holding, stable rental income and capital growth.”
Noble LIC has shown great advantages in terms of location, room design, lifestyle and investment potential. In recent years, Long Island City has become one of the fastest-growing residential and commercial districts in New York, and the potential for future value-added is promising.
The interior design focuses on space utilization and high-end texture, with floor-to-ceiling windows, open layout and modern equipment to enhance living comfort. Compared to other large-scale high-end residences in Long Island City, Noble LIC offers a more personalized living experience with less competitive pressure as a mid-size boutique project.
From an investment perspective, Long Island City has seen a steady increase in housing prices over the past decade, with stable rental demand and attractive rental returns, especially for investors who want to enter the New York housing market but are unwilling to bear the high cost of Manhattan. However, it is necessary to pay attention to the impact of short-term market supply and mortgage interest rates, and enhance competitiveness and investment value by selecting units with good views and outdoor space.
Listing Credit：The Patrick Smith Team at The Corcoran Group
