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"?