The popularity of Astoria does not seem to end. Permits for a new development in the neighborhood were filed not too long ago. According to the documents, the new project is a structure with five stories. It will be a residential building addressed at 23-43
Change keeps on coming to Queens, and Astoria is not being left behind. An old garage with only one story is going to be giving way to a new commercial building. The site is addressed on the corner of 41st Street and 28th Avenue, and
Astoria continues its long string of new real estate projects. Recently, the newest addition was announced: a new development that will contain seven stories and a dance studio. Nowadays, the building is the home of the Callina’s Dance School, addressed at 35-10 Astoria Blvd.
Even though the continuing expansion of several Queens areas is a reason for positivity and good prospects, it is true that some neighborhoods are not ready for the new introductions that are made. Astoria, for example, is struggling to keep up with the growing demand,
Gandolfo Difiore of MDM Development completes $8.5 million assemblage on 31st Street from Larry Restieri and Giusseppe Vertucci
It’s been a busy July for Gandolfo DiFiore, of MDM Development Group LLC. The group consisting of Mr. Difiore and Ginetta Modica just completed an assemblage of three tax lots for a total purchase price of $8.5 million. In June, DiFiore purchased 23-77 & 23-79
Nowak and Eshaghian of Marcus & Millichap Sell 48,750 BSF Hotel Development Site In LIC for United Hoisting to Mike Singh
Nowak and Eshaghian of Marcus & Millichap Sell 48,750 BSF Hotel Development Site In LIC for United Hoisting to Mike Singh QUEENS, NY, April 10, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United
Astoria, an area known for its rustic remnants of old factories and warehouses, will be getting a stunning enhancement to the middle of the neighborhood at 29-10 Broadway. Jestam Realty, a Bronx based developer, is teaming up with Aufgang Architects to design a luxurious five-story,
25-77 & 25-79 31st street are two 2-family properties that are located next door to each other on 31st street the buyer intended to buy it as a development sight. Together the properties will offer 50 feet of frontage and approximately 21,538 buildable square feet.
IN CONTRACT: Manouchehr “Manny” Malekan of the Malechite Group Ltd, to Sell 28-18 Steinway Street for $12.5 million
The Malechite Group Ltd, is in contract to sell their building at 28-18 Steinway Street in Astoria for $12.5 million, according to Manny Malekan, Principal of the Malechite Group. The property is a 24,600 square foot mixed-use office and retail building along Astoria busy Steinway
Is Astoria still investment worthy? Since Q1 2015 the Astoria multifamily market has seen a major decline in all aspects of trades, such as sales volume, number of transactions, average price per unit and average price per square foot. All this data point to one