Amazon employees are reportedly already buying up apartments in New York City — and they started before the company even announced HQ2 (AMZN)

pulse

November 20, 2018 4:53 PM

Amazon employees are already buying apartments in New York City, local brokers told The Wall Street Journal.

Amazon employees are already buying apartments in New York City.

Amazon
in Long Island City,
skyrocketing more generally,

Amazon employees are apparently eager to get a head start on the New York City real estate game.

Condo sales in Long Island City are soaring following the announcement that the Queens, New York neighborhood would host part of Amazon's HQ2, The Wall Street Journal reports. According to The Journal, one brokerage firm sold 150 units in four days last week — 15 times it usual volume — after Amazon announced plans to open a headquarters in Long Island City.

Amazon employees are among the buyers, brokers told The Journal. And, that includes employees who started shopping before Amazon's official announcement last Tuesday.

"My cellphone rang, and the area code was Seattle," Patrick W. Smith, a Long Island City-based broker, told The Journal. According to Smith, five Amazon employees had already reached out to him.

The Journal previously reported that searches

If you're an Amazon employee planning to move to New York City or a Long Island City broker, we want to hear your perspective. Email us at retail@businessinsider.com.

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