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Long Island City luxury apartment complex begins leasing

Market asking rent has reached record high of about $4,000, according to CoStar data

The Malt Drive luxury apartment development, depicted in a rendering, in Long Island City has begun the first phase of leasing. (Binyan)
The Malt Drive luxury apartment development, depicted in a rendering, in Long Island City has begun the first phase of leasing. (Binyan)

A two-tower, nearly 1,400-unit luxury apartment complex in New York’s Long Island City across the East River from midtown Manhattan has begun the first phase of leasing.

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