Bloomberg.com "Condos Coming to NYC's Long Island City After Rental Boom"
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After nine years of working on apartment developments in New York’s red-hot Brooklyn, Sam Charney has moved on to a new mission, in a different borough.
Charney, with partner Ascent Development, is building condominiums in the rental-saturated neighborhood of Long Island City in Queens, on a wager that the area is starved for for-sale housing. The team is completing a three-unit building on 47th Road and plans to build a 54-condo tower about three blocks away, encouraged by a growing pool of potential buyers.