It's true though. Tons of supply came onto market recently. Picture of Long Island City for your reference.pic.twitter.com/7atJUt5dyD
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not to detract but LIC is an unusually active area; prob 15 hi-rises in the last 2-3 yrs? (also good luck with the school spot availability)
Astoria is also full of new developments. Housing/rents are all a supply/demand game. Anecdotally (hearing from friends and my own experience), from the data, from walking around, and considering tax reform, the idea that rents are flat or falling slightly is reasonable, imo.