Tap into the real estate price appreciation and long-term
growth fueled by Amazon’s move into Long Island City.
Amazon is establishing a new headquarters location in Long Island City, New York, that is expected to employ 25,000 people with an average salary of $150,000. This major influx of workers necessitates a diverse set of real estate options in the surrounding areas, including housing, dining, hospitality, and other services.
While the largest real estate players are already scouring Long Island City for major investments, Compound will cast a wider net across a broader area and look for first- and second-derivative trades and smaller transactions where relative value may create an outsized opportunity for appreciation.
Most of the area near Amazon HQ2’s location has been designated an “Opportunity Zone” by the US Department of Treasury. This means that private investors may be eligible for certain tax benefits in return for investing in these zones. That designation, coupled with the Amazon HQ2 announcement, is the “perfect storm” of opportunity for investors.
Amazon will spawn an entire ecosystem near its headquarters, creating a new central business district much the same way that Hudson Yards is reinvigorating Manhattan’s west side. This new CBD is well connected to the region by multiple transit options, with additional transit improvements in progress.
Diversified (residential, mixed-use, retail, hotel, co-living)
Areas that are within reasonable commuting distance with Amazon HQ2 in Queens and Brooklyn. Neighborhoods include, but are not limited to:
Reservations are a simple way to indicate your interest in investing in Compound's NYC HQ2 ReTF.
Unlock details about our Manhattan Condominium ReTF and stay updated as we create new real estate funds, including NYC HQ2, which targets properties around Amazon’s HQ2 in Long Island City.