Long Island City, NY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Long Island City short-term rental market based on reliable data.

Listings

17 / 112

Reliable / Active

Revenue

$43,472

Middle-Earners Revenue

Occupancy

90%

Middle-Earners Occupancy

Top Earners

$59,022

Top-Earners Revenue

Long Island City

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Long Island City.

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C

Challenging to Investors

Long Island City Regulations

NYC’s Local Law 18 effectively bans entire‑unit STRs in Long Island City, allowing only host‑present stays with a strict 2‑guest cap, which sharply limits viable investments. While registration is relatively simple/affordable ($145 fee), the limited occupancy and host‑presence requirements, along with ongoing enforcement, create high operational constraints and risk for investors.

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About Long Island City

Long Island City is a densely developed neighborhood situated in the western corner of the borough of Queens in New York City, which sits within Queens County, New York. With a residential population estimated at well over 50,000, the area carries a distinctly modern, fast-evolving character, blending converted industrial warehouses and riverfront parks with one of the tallest clusters of high-rise buildings outside of Manhattan. Long Island City is best known as an arts hub, a center of new residential development, and a gateway to Midtown Manhattan, which lies directly across the East River to the west. The neighborhood is connected to Manhattan by the Queensboro Bridge, the Midtown Tunnel, and the 7 subway line, making it possible to reach Midtown in roughly 10 to 15 minutes by car or train depending on traffic.

A defining landmark of the area is MoMA PS1, one of the oldest and largest nonprofit contemporary art institutions in the United States and an affiliate of The Museum of Modern Art. Housed in a former public school building in Long Island City, it offers rotating exhibitions, performance series such as the annual Warm Up summer program, and a sculpture courtyard. It sits just a short walk or one-stop subway ride from the neighborhood's main residential core.

A short walk to the East River waterfront leads to Gantry Plaza State Park, a 12-acre riverside green space built on the site of a former cargo pier. The park is best known for its preserved gantry cranes, which pay tribute to the neighborhood's industrial past, and its panoramic views of the Midtown skyline, the United Nations headquarters, and Roosevelt Island. It is essentially within the neighborhood itself, easily reached on foot from most of Long Island City's residential towers.

Just north of Long Island City in the adjacent neighborhood of Astoria is the Noguchi Museum, a serene indoor-outdoor institution dedicated to the Japanese-American sculptor Isamu Noguchi. The museum displays a wide selection of his stone, metal, and wood sculptures within a converted industrial building and adjoining garden, offering a quiet counterpoint to the surrounding city. From central Long Island City, the museum is roughly a 10-minute drive or a single stop on the N or W subway line.

Also in Astoria, about a 10 to 15-minute drive or a short subway ride north, the Museum of the Moving Image celebrates the art, history, and technology of film, television, and digital media. It features interactive exhibits, a working television studio, and one of the most comprehensive collections of moving-image artifacts in the country, making it a strong draw for families and culture seekers staying in the area.

Long Island City offers an appealing combination for short-term rental visitors: immediate access to Manhattan without Midtown prices, a vibrant contemporary art scene, riverfront green space, and strong transit connections to both LaGuardia Airport and the wider outer boroughs. Its mix of new high-rise amenities, walkable streets, and proximity to Astoria, Brooklyn, and Midtown makes it a practical and engaging base for travelers who want the energy of New York City with a slightly more relaxed, neighborhood feel.

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