Huge Demand at Astoria Co-Op Development


    The Daily News checks out Astoria Lights, a former rental building at 24-75 38th Street converted into a new co-op development. According to the News, “Sales kicked off only two weeks ago, but more than 600 people streamed through the doors of these four H-shaped apartment buildings on consecutive Sundays. They were fighting for the chance to own one of only a dozen apartments — and they made a total of 63 offers.” Prices here range from a one bedroom asking $199,000 to three-bedrooms going for $599,000. The building developers, who renovate each unit as it empties out, plan to put all 140 units on the market eventually. The prewar apartments with modern upgrades stand out in a market dominated by old co-ops or new condos. Buyers also like the location, the generously-sized spaces, and those prices. If you’d like to see what all the fuss is about, there’s another open house at the building this Sunday.

    It’s the Hottest Building in Town! And it’s in Astoria, Queens! [NY Daily News] GMAP

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