Boo! I'm over the condo craze and what it represents. I know this isn't Manhattan, but we are entering an ugly NYC era once again.
New York Mag: "Here's a stunning fact: 30% of all apartments between 49th and 70th Streets and between Fifth and Park Avenues are vacant at least 10 months of the year, according to a Census Bureau estimate provided to New York Magazine. And since 2008, around 30% of condo sales in large-scale Manhattan developments have been by buyers with overseas addresses or through secretive LLCs. Those figures are especially shocking considering New York City residential real estate costs are at an all-time high, affordable housing is still a major issue, and homelessness in New York City is the worst its been since the Great Depression."
This building is directly across from The Aston and the ad is more visible to those driving on Queens Blvd. Also, I believe that the same developer owns it.
I'd suggest next time just stretching those brain cells a tad bit more — I know it can be hard to think in this age of microcomputing — and just entertain the idea that other people know what they're doing and it is you, not them.
Very easy to say when you are already here. And besides, its apples and oranges. People are coming to Forest Hills from other areas, more than willing to pay what for this neighborhood, are big numbers, because the numbers in Manhattan and Brooklyn are even more obscene than they are here. On top of that, since the neighborhood elementary schools have a solid reputation, they don't have to immediately deal with private school tuition, either.
"The Kungs are among a growing number of young families looking for large co-ops in central Queens because they can't afford to buy an apartment in Manhattan and Brooklyn, where prices “are substantially higher," said Jacques Ambron of Madeleine Realty...
The demand is so great that the developers of a new luxury condo [the Aston] that is currently being built in Forest Hills decided to modify their original plans, delaying the construction by several months to include about half a dozen three-bedroom units, the developers said...
I think Anonymous 9:09' heart is in the right place when it comes to the affordable housing shortage in this city. However, in this case, I think he/she is misguided. If we were bursting with sparkling new developments that would be one thing. We are not. Every once in a while a shiny new building goes up. In the long run, The Aston will improve the lives of thousands of residents by improving the desirability of our neighborhood. That, in turn, will fill up a lot of those vacant stores along Austin St. It's all connected.
That area has been quietly getting better, with all the new buildings on QB, and then, Bam! I shop at Great Fortune Supermarket all the time and can tell you, you start seeing various kinds of people from that shelter. Here, in Forest Hills, we complain of how ugly new Olive Garden village is, over there in Elmhurst, their property values probably started plummeting.
The rents in Forest Hills are exhorbitant for anyone first coming in...$1,900 a month to start. They want $200,000 for a small one bedroom co op. Who can afford a condo?
Boo! I'm over the condo craze and what it represents. I know this isn't Manhattan, but we are entering an ugly NYC era once again.
ReplyDeleteNew York Mag:
"Here's a stunning fact: 30% of all apartments between 49th and 70th Streets and between Fifth and Park Avenues are vacant at least 10 months of the year, according to a Census Bureau estimate provided to New York Magazine.
And since 2008, around 30% of condo sales in large-scale Manhattan developments have been by buyers with overseas addresses or through secretive LLCs.
Those figures are especially shocking considering New York City residential real estate costs are at an all-time high, affordable housing is still a major issue, and homelessness in New York City is the worst its been since the Great Depression."
They put the ads on the wrong building! A very ugly old building at that. Are they putting an ad on the Aston itself?
ReplyDeleteum, seriously?
DeleteThis building is directly across from The Aston and the ad is more visible to those driving on Queens Blvd. Also, I believe that the same developer owns it.
I'd suggest next time just stretching those brain cells a tad bit more — I know it can be hard to think in this age of microcomputing — and just entertain the idea that other people know what they're doing and it is you, not them.
Very easy to say when you are already here. And besides, its apples and oranges. People are coming to Forest Hills from other areas, more than willing to pay what for this neighborhood, are big numbers, because the numbers in Manhattan and Brooklyn are even more obscene than they are here. On top of that, since the neighborhood elementary schools have a solid reputation, they don't have to immediately deal with private school tuition, either.
ReplyDelete"The Kungs are among a growing number of young families looking for large co-ops in central Queens because they can't afford to buy an apartment in Manhattan and Brooklyn, where prices “are substantially higher," said Jacques Ambron of Madeleine Realty...
The demand is so great that the developers of a new luxury condo [the Aston] that is currently being built in Forest Hills decided to modify their original plans, delaying the construction by several months to include about half a dozen three-bedroom units, the developers said...
I think Anonymous 9:09' heart is in the right place when it comes to the affordable housing shortage in this city. However, in this case, I think he/she is misguided. If we were bursting with sparkling new developments that would be one thing. We are not. Every once in a while a shiny new building goes up. In the long run, The Aston will improve the lives of thousands of residents by improving the desirability of our neighborhood. That, in turn, will fill up a lot of those vacant stores along Austin St. It's all connected.
DeleteAston looks nice. Not a fan of how Pan Am Hotel down Queens Blvd in Elmhurst secretly turned into a homeless shelter.
DeleteThat area has been quietly getting better, with all the new buildings on QB, and then, Bam! I shop at Great Fortune Supermarket all the time and can tell you, you start seeing various kinds of people from that shelter. Here, in Forest Hills, we complain of how ugly new Olive Garden village is, over there in Elmhurst, their property values probably started plummeting.
DeleteQuite impressive. I hope the momentum to bettering our community continues!!! Soon everyone will want to be in Forest HIlls.
ReplyDeleteThe rents in Forest Hills are exhorbitant for anyone first coming in...$1,900 a month to start. They want $200,000 for a small one bedroom co op. Who can afford a condo?
ReplyDelete