One of the hottest places to live in the city is getting a little more affordable.
The real estate group Modern Spaces says prices in Long Island City dropped by 6 percent during the last quarter of 2017.
The group says it's all because of too much supply. Twenty two hundred new apartments hit the market during that time.
Now experts say property owners are doing a lot to entice prospective tenants.
"They're offering maybe one month free rent or maybe two month free rent," said Eric Benaim, CEO and President, Modern Spaces. "They're waiving the amenities fees. So you can be a building with a swimming pool or a basketball court," he continued.
Meanwhile, fifteen hundred new units are expected to be available this quarter.