Stuart Elliott, editor-in-chief of The Real Deal
From the August issue: It’s a testament to the resilience of New York that, during this downturn and nascent real estate recovery, there are still new additions to the list of family-friendly neighborhoods.
The latest neighborhood seeing a baby boom is Long Island City, according to a series of stories by reporter Candace Taylor that looks at “The New Buyers” in today’s market.
Long Island City’s growth in recent years has been driven by young professionals with modest budgets. But now those young professionals are starting families, and are staying in the area because larger apartments are more affordable with prices down. And retail is following them, with stores like Duane Reade discovering new outposts (thereby giving neighborhood brokers another selling point).
Having a Duane Reade, or any other drugstore, close by has suddenly taken on a new significance in my life, too. [more]
