Wednesday, June 27, 2018

Queens condo boom

From The Real Deal:

For the second time this year, monthly condominium plan filings in Queens have reached levels not seen since 2008. After reaching a nine-year high in January with nine new condo plans submitted to the New York Attorney General’s office, filings reached yet another new high last month with 12 new plans.

An analysis of data from the AG’s real estate finance bureau found that 37 new condo plans have been submitted for Queens from January through May 2018, already surpassing the year-long totals for both 2016 and 2017, which each saw 35 submissions.

May’s batch of condo plans centered around Long Island City, with seven out of 12 plans located in LIC proper, plus two in Hunters Point and one in Astoria. Other neighborhoods have contributed to the early-2018 Queens condo boom as well – from January through May, Flushing saw eight new condo plans filed, Corona had three, and six other filings were scattered across other parts of the borough, from Woodside to the Rockaways.

The largest single Queens condo filing last month was the Alexandra Condominium in Astoria, a Danzig Realty property at 23-43 31st Road with 25 residential units.


Anonymous said...

Living in a co-op, I'm not that familiar with condos.

What do you think, Crappy? Is this a good thing? Or is it a bad sign?

Anonymous said...

These areas have been zoned high density for decades....under built until now.
Happy #7 commute in. Sardine Village!

Anonymous said...

Sanctuary illegal alien shithole, once a great city, has not been that way in decades.