From The Real Deal:Lower prices and the first-time homebuyer tax credit have fueled the recent surge in sales activity in Flushing, sources said.
And there is a transition afoot there that's feeding the demand for more upscale housing, said Corcoran's Hultmann.
He noted that locals want to stay in the community, "but want to have some Manhattan living there."
That's the promise of some developers in Flushing: high-end living at affordable prices.
Main Street in the neighborhood is bustling with retail and is home to some of the new projects, including Sky View Parc, a mixed-use development that launched sales in 2008.
Toby Klein, senior vice president and director of sales and marketing for Muss, echoed that point, saying the firm has been able to keep prices around $600 per square foot.
Most of the development consists of one- and two-bedrooms, with asking prices ranging from $400,000 to $800,000.
How is that considered "affordable"?
20 comments:
...and Sky Parc sits smack in line with the end of a major runway at LaGuardia Airport. I would not dare live in that complex. Plus ever smell the air around Flushing Creek upon which this complex sits?? It stinks of rotten eggs. Looks like a prison from the outside --- very ugly...
and....Housing....Projects....right....across....the....street. Really bad way to invest $400,000.-$800,000.
Hell....if you shop carefully, in these hard times, you can still buy a house in northeast Queens for about $800,000!
Why live in a condo situated on a reclaimed federal brownfield?
Only the Asians would!
And that's who Muss is marketing to.
Good feng shui aspects mentioned in his sales pitches.
H-m-m-m...more like stink-hee-phew...with a city housing project located right across the street!
If I'm buying a home, I'm buying nowhere near crowded, noisy, and stench-ridden Main Street, but that's just me. Judging by the crowds, a lot of people like it just fine. Inexplicable...
www.forgotten-ny.com
I could be completely wrong - but, today's new multi-family buildings try to sell a "lifestyle" rather than just space.
Usually they have a spa, gym, pool, classrooms, child care, fine dining, security, etc. THIS has become very attractive to young people. You give them the convenience of Manhattan living under one roof.
I personally like the privacy and the yard that goes along with home ownership . . . . but to each his own as the saying goes.
1.Lower prices and the first-time homebuyer tax credit have fueled the recent surge in sales activity in Flushing, sources said.
"More like hot speculative money from China – not paying taxes and ignoring international copyright regualtions as well as employing people for $20 a day to compete in products with people making $20 an hour will do wondrous things for the pocket."
2.upscale housing? have some Manhattan living? high-end living? .
"Get real. This is a Chinatown slum. What is next, luxury housing in East New York?"
3. Main Street in the neighborhood is bustling with retail and is home to some of the new projects
"Great that ‘Vibrant!’ ‘Diverse!’ is now equated with slum. So now they use ‘Bustling’?"
4.Most of the development consists of one- and two-bedrooms, with asking prices ranging from $400,000 to $800,000.
How is that considered 'affordable?
"Go back to point one, and put in 5 to eight people room and a noodle making enterprise in the bathtub."
"More like hot speculative money from China – not paying taxes and ignoring international copyright regualtions as well as employing people for $20 a day to compete in products with people making $20 an hour will do wondrous things for the pocket."
yes - that's the unfortunate reality of much of Asian money - but, certainly not all.
They have plans for Main Street too - they've been talking about it for at least a decade now.
"and Sky Parc sits smack in line with the end of a major runway at LaGuardia Airport. I would not dare live in that complex."
maybe plane traffic will be redirected now to fly over Forest Hills instead of Flushing. . . .
Sky View Parc built on top of car garages and mall stores, is a bold project and challenging at that. It sit in the middle of the worst commercial crap that is not only a brown-field but there are active concrete industries, manufacturing, live poultry stores, the 7 trains next to it and the ramps to major arterial highways are also next to it. With all that to contend with, the oxygen in the surrouding area is a sickly stench of putrid human excrement.
Why live there?
Bustling! Bustling!
Totally in fun, but lets ENCOURAGE people to look at apartments ... and report back here.
Perhaps they are great places, a good deal, and a fine location.
Hopefully someone reading this may want to buy one - and share their enthusiam with this public community in cyberspace.
Lets give credit where its due.
Babs is right, a lot of money going into this place is through hard work and effort -
something that many more people need to copy and respect.
A "study" found that Downtown Flushing now ranks among the least American places in the world folllowed only by Yemen.
Jealous much?
SkyParc is a joke
Lux-Living?
On top of a shopping mall, against a disgusting street (main street), along side an exposed/elevated subway (7 train) against a canal (with smelly low-tide), within ear-shot of a highway (hello, Van Wyck) and DIRECTLY under a the approach slope of a major airport.
I guess this is what Chinese consider the high life?
Hahaha..LOL.. What "Bustling! Bustling! Bustlintg! " said reminds me more of Brooklyn's Sunset Park's Chinatown on 8th Avenue and 56th Avenue. Go there and you will see what a 'real slum' is and how many people actually live in a apt complexes. Not to mention the crime rate there is a high. I literally saw some black teenage girl actually tried to snag purse from a chinese lady in broad day light on 8th avenue. But she failed because the lady had a fast relfex to grip the purse tight and scream at the girl, whom ran away.
Comparing the 2 Chinatown, you'll see Flushing is far from slumish. Also 8th Avenue is basically 99% chinese from a only specific area of Mainland China. Flushing has Asians from different countries like Korea, China, Hong Kong, Viet, Malasyia, Taiwan, etc. At least the government is hopefully trying to change Flushing better such as clean the lake, make Main Street into only 1 way road, expand the pedestrian sidewalk like midtowns, the new Commons on the Municipal Park, etc (I read about all of this and saw a 'model' image of what they drawn out to be visually.. google it somewhere).
Only thing that make me wonder if it is successful is that Flushing is mostly Asian and not diverse enough. (similar to how they try to make Jamaica into something but just not as Diverse enough). I recalled Barnes and Nobles was going to be in place of the Caldor place but they scrap the idea (maybe for the reason of diversity).
"I recalled Barnes and Nobles was going to be in place of the Caldor place but they scrap the idea (maybe for the reason of diversity)."
(snicker) The o-factor strikes again.
Its a slum. A sticking visually god-awful slum.
And when we think of what Flushing was like even a few decades ago, its a sin.
"Put dat in you pipe."
The traffic on College Pt Blvd will be unbearable when the BJ's opens up. Have you seen how much vehicle traffic the BJ's on 20th Ave generates? The intersection or C.P.B. and Roosevelt Ave is already a mess, I can't wait to see it after the stores open, especially before a ballgame.
You think eventually the city will then redesign the roads over there to make it more efficient? After all, it's been know they are trying to make Flushing better, like what a poster stated previously.
BUILD IT, AND THEY WILL COME! - Kevin Costner
"A crappy little Chinatown".
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