Vere Condos sparkles up Purves Street in Court Square, Long Island City

How is this any different than anything else in LIC? I like the curtain wall thing, but seems like for the same prices I can buy at Vernon Jackson or at the waterfront.

Looks nice actually.

Which neighborhoods will take biggest knock?

With New York City’s financial sector freefalling, real estate industry insiders are expecting price drops across the board. But certain neighborhoods will probably be hit harder than others by the chaos on Wall Street.

In the past year, the city’s financial sector has lost approximately 10,000 jobs. Last month — when it was shaken to its core with Lehman Brothers’ bankruptcy filing and purchase by Barclays, Bank of America’s acquisition of Merrill Lynch, JPMorgan’s buyout of Washington Mutual and several other emergency rescue deals — the New York State Department of Labor projected that an additional 40,000 jobs could be eliminated in the coming year.

Barry Hersh, clinical assistant professor at New York University’s Real Estate Institute, said that the direct impact of the layoffs could be felt in a wide variety of neighborhoods, especially those in close proximity to financial services firms. While the swing factor would be how many residents bought in those neighborhoods in expectation of an easy commute, neighborhoods that Hersh mentioned as possibly vulnerable include Midtown near the Plaza Hotel (where a lot of hedge funds are clustered), Long Island City, and even Hoboken.