Thank you to K.W. for passing along this link to Curbed which explains that living in LIC has become quite cost prohibitive:
$1000 Per Square Foot in the LIC
A two-bedroom, 1102sf apartment in 5SL, Tolls Bros.' Long Island City loftarium, is in contract. Asking price: $1,132,990.
There are more than 300 comments on the subject, which go something like "LIC sucks!" and "No it doesn't!"
Photo from Curbed