From the Daily News:
As city housing prices soar higher than the waterfront towers rising in Long Island City, more young professionals and families are moving into nearby Woodside, Jackson Heights and Elmhurst, real estate experts told The News.
“People are following the subway lines,” said Michael Tortorici, vice president of the brokerage firm Ariel Property Advisors. “Prices are pushing people to explore areas of the city they wouldn’t previously consider.”
The neighborhoods are especially appealing because they’re only about a 30-minute subway trip to Manhattan, he said.
Thomas Sullivan, 24, who works in marketing, moved to New York six years ago. Since then he has moved, and been priced out of, Williamsburg, Bedford-Stuyvesant, Ditmas Park and Astoria — before settling in Jackson Heights.
Rentals in Woodside cost 25% less than Long Island City, said Eric Benaim, who runs real estate firm Modern Spaces.
And the price of land, where new apartment and condo buildings can rise, is about 50% to 60% less in Woodside than it is in Astoria or Long Island City, he said.
“Developers are snapping up one- and two-story commercial buildings or warehouses or even residential lots and tearing those down,” Benaim said.
Jeff Orlick, 31, a food blogger who hosts events in the area, said he moved to Jackson Heights seven years ago for its multiculturalism. It is the most ethnically diverse community in the country.
“There aren’t trendy bars popping up yet,” said Orlick, of iwantmorefood.com, a block that chronicles food and drink in Queens. “But I feel it coming. More and more younger people from Brooklyn and Manhattan are moving in here.”
These real estate shilling pieces by Clare Trapasso are getting kind of old. They always follow the same format: Take a neighborhood that has been called "the next big thing" forever, interview a realtor that targets yuppies (Eric Benaim seems to be her favorite,) and then throw in some comments from a food blogger that supposedly knows what makes neighborhoods attractive to assholes that will make things unaffordable for current residents.
Wake me up when they get to East Elmhurst, Ozone Park and South Jamaica.