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Amazon’s Move to Long Island City Sparks Condo Frenzy

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Brokers flooded with clients seeking real estate in Queens neighborhood, reminding some of pre-crash property boom.

Even before Amazon.com Inc. decided to put a headquarters in Long Island City, the retail giant’s interest in the Queens neighborhood unleashed a condo gold rush.

Amazon’s interest was made known scarcely a week ago, yet brokers say they are already selling units—sometimes sight unseen—via text message. Others are renting vans and packing them full of clients eager to view multiple buildings, or holding group tours in Chinese.

Now, with Amazon’s commitment to the New York City neighborhood, brokers are predicting the apartment market there will surge further.

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