CO-OP/CONDO BUYERS
July 9, 2015 — While it would be nice to score a luxury condo on Billionaires’ Row, not everyone can afford it. The Upper East Side is more expensive than all of The Bronx. Tribeca has some of the priciest zip codes in Manhattan. And Brooklyn is getting so expensive that people are getting priced out of it and having to move… to Manhattan. Ah, the topsy-turvy world of New York City real estate. So where to for those who still want their condo and live in it, too? How about Long Island City? According to New York YIMBY, Ekstein Development began excavation at 25-19 43rd Avenue, in Long Island City, where a nine-story, 86-unit residential building is planned. The 86 condominiums will spread across 68,145 square feet of residential space, working out to an average unit of just 792 square feet.” You’ll have to wait a bit, though: “Foundation work is currently underway, per TCSB, and completion is slated for January 2017.”
Rendering of 25-19 43rd Avenue in Long Island City from teaser site
