Just like in Manhattan, it looks like the very, very top of the apartment market here in Queens is not quite flying out the door as it was say, six months ago. The two most expensive residential properties being offered in Queens, an $8 million townhouse in Hunters Point and a $5.388 million condo in The View, had both been marked down last week to $6.5 million and $4.9 million respectively, before the first property got taken off the market. So, is this an indicator of softness for the home market as a whole? Doubtful, because just like apartments being offered north of $50 million in Manhattan, these two were priced hoping to catch a stray outlier, not a realistic buyer for whom a million is still, gulp, a million dollars. Not to say that there are any bargains out there1 but in perusing recent stories and listings, we still came across two. Read on…
//Before you do, Long Island City’s own Kevin Armstrong, reports that 40 LIC marathoners were stranded on the 7-train platform at 5:30am Sunday morning due to “severe delays.” Read his heartwarming recount of actually running yesterday’s race.
In His Mother’s Memory, Daily News Sports Writer Helps Raise Money for Cancer Fight at NYC Marathon
GDC Properties Plans Townhouses for the South Side of Murray Park – Nope, I doubt these will be priced inexpensively, though they may be a relative bargain compared to across the river
Dinky LIC Home Sells for Close to $2 million – nope, you can’t even buy this one
New Digs in LIC – nope, the NYT “Hunt” series lands in LIC, where a woman opts to pay $5,000 for a 2-br with a great view, as opposed to $10,000 for a comparable apt in Battery Park City. Of course they do have a community center there and we have bupkis -can you imagine what would happen to apartment prices if we did?
3BR, 1.5 Bath in “LIC” for $400,000 – you found it, it takes a little work, but affordable housing is available
In Astoria Queens, a Youth Movement – this is where the real deals are, Upper Ditmars, which is zoned for highly lauded elementary school PS 122
Property Markets Group Gets $130 Million in Financing – 44-story rental tower near Silvercup Studios, if all these get built we’ll have a real skyline
New Sushi Restaurant to Open on Vernon Blvd – right next to Petey’s Burger, ETA New Year’s
- bargains? There are pretty much no apartments in LIC whatsoever [↩]
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