Astoria condo conversion receives warm welcome

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
Chetrit’s Queens industrial loft signs warehouse startup for 90K sf
Chetrit’s Queens industrial loft signs warehouse startup for 90K sf
Chetrit’s Queens industrial loft signs warehouse startup for 90K sf
Tishman Speyer president Rob Speyer and Edgemere Commons (Getty)
Tishman Speyer grabs bulk of Arker’s mammoth, delayed project
Tishman Speyer grabs bulk of Arker’s mammoth, delayed project
37-12 Prince Street and F&T Group CEO Michael Lee (Margulies Hoelzli Architecture, F&T)
F&T, SGC America’s $800M project will bring Shanghai to Flushing
F&T, SGC America’s $800M project will bring Shanghai to Flushing
Shuttered Courtyard by Marriott LaGuardia up for sale
Shuttered Courtyard by Marriott LaGuardia up for sale
Shuttered Courtyard by Marriott LaGuardia up for sale
58-80 Borden Avenue in Maspeth (Images via Pinnacle Realty)
Sitex Group pays $50M for Maspeth industrial property
Sitex Group pays $50M for Maspeth industrial property
Ben Ashkenazy dumps Midtown retail building at $6M loss
Ben Ashkenazy dumps Midtown retail building at $6M loss
Ben Ashkenazy dumps Midtown retail building at $6M loss
Two of the eleven properties under threat of foreclosure (Google Maps)
Mack Real Estate may “strip” club owner of properties
Mack Real Estate may “strip” club owner of properties
Vorea, Domain and L+M close on $88M LIC development site
Vorea, Domain and L+M close on $88M LIC development site
Vorea, Domain and L+M close on $88M LIC development site
arrow_forward_ios

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

Loading...