The Real Deal New York

The Queens craze: Lower land costs trigger rush into borough

While focus right now is on rental construction, some say condo boom could be next

March 21, 2014 10:30AM
By Sasha von Oldershausen

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From left:

From left: Justin Elghanayan, Andrew Barrocas, Mitchell Hochberg and Josh Zegen

From the March issue: While Brooklyn has rapidly gentrified in the last decade and become the trendiest of the outer boroughs, it looks like Queens is going to be next. “The East River used to be the ‘widest river in the world,’ ” said Justin Elghanayan, president of Rockrose Development. “But something has shifted, and now crossing the river is accepted.” [more]

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