Homebuyers' panic & # 39; about the release of Amazon NYC



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Historic, Pepsi-Cola neon sign on the waterfront of Long Island City in Queens, New York.

Karlheinz Irlmeier | Getty Images

Historic, Pepsi-Cola neon sign on the waterfront of Long Island City in Queens, New York.

Senator Michael Gianaris of New York State, a Democrat whose district includes Long Island City, defended his opposition on Friday in a separate interview with CNBC, saying " [Amazon] enter and take control of a community like this, the community dies. "

Gianaris, along with other New York politicians, including liberal Republican Alexandria Ocasio-Cortez, opposed the $ 3 billion in incentives that the city had promised to pay to Amazon to seal the agreement in November on dozens of other localities vying for the project.

"The" boom "of the Amazon, as we can call it, has happened too quickly and no one has really been able to understand the benefits that many jobs in the area would have brought to the local people, "said Serhant, who began his career in Long Island City.

"I remember doing business at $ 600 a square foot on Long Island City in 2009. And everyone was so angry about it, they will never get their money back," he said. -he declares. "I just sold an apartment that I sold $ 900,000 in October 2009, so before the announcement of Amazon for $ 1.8 million."

Serhant think Long Island City can still thrive without Amazon. "I've always loved Long Island City, I think it's a great place to invest in real estate." He added that the apartments cost about $ 200 per square foot less than in Manhattan.

Amazon, which does not plan to look for a replacement, has announced its intention to move ahead with the planned second half of its headquarters located on the east coast in northern Virginia. At the same time, Nashville, Tennessee, which had won a smaller investment after months of research on HQ2, will also stay on track.

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