CO-OP/CONDO BUYERS
July 20, 2015 — No sooner does foundation work get underway at 25-19 43rd Avenue, in Long Island City, for a new nine-story, 86-unit condo building than New York YIMBY announces two new condo buildings heading to 51st Avenue. Condos do seem to proliferate like bunny rabbits, don’t they? According to New York YIMBY, property owner Shahram Nassi filed applications for two five-story, three-unit residential buildings at the vacant lots of 5-18–5-20 51st Avenue, in Hunts Point, Long Island City. It speculates that the units will probably be condos since the buildings will measure nearly 5,000 square feet, with each unit averaging 1,665 square feet. “One duplex unit will share the first floor with the lobby and then take up the entire second floor. Another will occupy the third floor, and the last duplex will span the fourth and fifth floors.” No word yet on ticket price, but while we don’t expect them to be exactly cheap, they are sure to be a bargain compared to the condos for sale on Billionaires’ Row.
