Astoria condo conversion receives warm welcome

TRD New York /
Nov.November 08, 2013 01:40 PM

Units in a newly-converted condominium building in Astoria, Queens are such a hot commodity that buyers are appealing to the local Community Board to help them secure spots.

Sales at Astoria Lights, a former rental building at 24-75 38th Street, kicked off two weeks ago with more than 600 homeseekers vying for the twelve available units. Buyers made a total of 63 offers for properties ranging from one-bedrooms asking $199,000 to three bedrooms priced at just under $600,000.

People are so keen on scoring a spot at the property, which will eventually have 140 homes, when  the building conversion is completed, that they have contacted Community Board 1 pleading for help.

“I knew things were busy out there, but 600 people?” Lucille Hartmann, district manager for Community Board 1, told the New York Daily News. “That sounds like a heck of a lot.”

The barrage comes from Astoria’s asension as a hot neighborhood and the area’s limited condo and co-op options, the Daily News reported. Only 52 condominium and co-op units are currently on offer in Astoria, according to StreetEasy, and their prices have increased 12 percent in the first nine months of 2013, the data show. [NYDN]Julie Strickland


Related Articles

arrow_forward_ios
Steve Cohen and Citi Field (Getty)

Citi Field lease clause could stymie billionaire’s quest for the Mets

Citi Field lease clause could stymie billionaire’s quest for the Mets
1491 Bedford Avenue and 25-98 36th Street (Google Maps)

Muted week for middle of the i-sales market

Muted week for middle of the i-sales market
AIG CEO Brian Duperreault and Brooklyn Navy Yard project, with Andrew Joblon and 980 East 149th Street (Turnbridge, Brooklyn Navy Yard)

These were the top outer-borough loans in September

These were the top outer-borough loans in September
BRP Companies partners Geoff Flournoy and Meredith Marshall with renderings of 90-02 168th Street in Jamaica (Photos via BRP)

BRP Companies plans 614-unit project in Queens

BRP Companies plans 614-unit project in Queens
Mayor Bill de Blasio announced on Sunday that the city will move to close some schools, as well as nonessential businesses (Getty)

NYC moves to close restaurants, schools in Covid hot spots

NYC moves to close restaurants, schools in Covid hot spots
Arker Companies principal Alex Arker and 51-19 Beach Channel Drive in Edgemere (Arker Companies; Google Maps)

Arker Companies begins massive redevelopment of former Queens hospital

Arker Companies begins massive redevelopment of former Queens hospital
Traub Capital's Brian Crosby and 27-11 49th Avenue in Long Island City (Images via Traub and Google Maps)

Traub Capital pays $75M for LIC cosmetics plant

Traub Capital pays $75M for LIC cosmetics plant
Kyle Bragg and Eric Benaim

Backers of big Queens megaprojects say city needs the jobs, homes

Backers of big Queens megaprojects say city needs the jobs, homes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...