Did Amazon change Long Island City real estate? 

Short answer: not really. – When Amazon announced its plans to bring part of its second North American headquarters to Long Island City, there was much hand-wringing about what the tech giant would do to the neighborhood—particularly in terms of real estate prices. But prices had already been rising in the area at a faster pace compared to Manhattan, even prior to Amazon’s announcement last year. 

Amazon may not have been the sole factor in Long Island City’s spike in home prices, but the area is close to becoming the first million-dollar neighborhood in Queens (last quarter, the median recorded sales price was $889,609).  (source: Curbed NYC)