ARCFE and iCross Capital joined United Construction & Development Group to celebrate the groundbreaking of The Vera, the AG21/AG22 residential development in Long Island City, Queens.

In 2025, New York City real estate continued to demonstrate durability amid a shifting macroeconomic environment. While elevated interest rates, tighter capital markets, and affordability pressures moderated short-term transaction activity, core fundamentals remained intact. Constrained housing supply, sustained rental demand, and New York’s role as a global economic center continued to support long-term investment value. Within this landscape, Long Island City (LIC) stands o