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Astoria euphoria
The Queens neighborhood sees strong interest in new developments, but “ancient zoning” keeps it from competing with LIC and other areas
From the September issue: It used to be that Astoria, Queens, was an ethnic Greek enclave dominated by an older housing stock of prewar buildings and one- and two-family homes. But in the last few years, the neighborhood, which has been gentrifying over the last decade or so, has continued to see lots of new residential development, and with it, more young professionals looking for new construction housing at the right price.
This month, The Real Deal talked to residential brokers and market analysts about how real estate in Astoria is holding up. [more]