Most folks pay through the nose to live in New York City, but many in search of affordable middle-class housing are finding some relief in Queens.
Residential housing is booming in the borough. In February, almost half of new residential construction was in Queens, according to city figures.
The NYC Economic Development Corp. (NYCEDC) registered 2,847 new housing units in February, with 1,234 of those in Queens, or about 43 percent of the new units in the five boroughs.
A “mega-scale project” in Long Island City is a big reason why Queens is generating so much new housing, said a spokeswoman for the NYCEDC.
Queens residential rents generally have been about $600 less per month than those in the rest in the city. Last month the average Queens residential rent was slightly up, to $2,182, according to the Queens Rental Market Report.
Right, so the new housing is concentrated in areas where people will pay an arm and a leg for it yet this is a boon to the middle class.