Development in Jamaica is about to pick up and bring big changes to the New York City real estate scene, according to a firm building new apartments in the area.
TCX Development, a Great Neck-based firm, is working on a seven-story, 21-unit apartment building on Hillside Avenue near 191st Street. TCX officials believe they are ahead of the wave of development they feel is coming to the neighborhood because of its zoning, extensive public transportation network and massive downtown shopping district.
The building will mostly be comprised of one-bedroom apartments for $1,600 a month, which Asherian said will be attractive compared to Brooklyn and Manhattan prices for comparable rooms. There will also be one three-bedroom penthouse.
$1,600/mo seems a little steep for a one-bedroom in Jamaica. But if it doesn't work out, the Department of Homeless Services will gladly pay $3,500/mo for these apartments.