From the February issue: The mini residential boom that brewed in Astoria, Queens, over the last
few years is now jockeying to find its recession-era footing.
The downturn has triggered double-digit discounts on the new upscale rentals and condos clustered in the area.
It has also halted some ambitious luxury residential projects in
the area, such as the Piano Factory, a 69-unit condo conversion on
Vernon Boulevard where sales were suspended last month.
In total, an estimated 25 new projects have either been completed in the last few years or remain in the construction phase. Among the biggest are the Piano Factory and East River Tower, a 74-unit new condo that came on the market in December.
Assessing Astoria
Nabe struggles, but not as much as other areas
February 12, 2010 03:51PM
By Barbara Thau
