Our friends at PropertyShark took a look at how the proximity to subway stations affects the home prices in Queens, as well as Brooklyn and the Bronx. They compiled a group of stations with the highest number of riders in 2013, using data straight from the MTA. Then they compared the average price per square foot for distances of .5 miles, .75 miles and one mile from the transit hubs.
As the numbers show, proximity oftentimes pays — but not always. Flushing comes in with the highest prices ($602 per square foot) for homes closest to the 7 train, then the price declines as you move further from the subway. But in Jackson Heights, the subway distance doesn’t seem to make much of a difference. And in Jamaica, prices are actually higher further from the subway station.
Last month, the Vass Stevens Group closed on the building at 62-02 Roosevelt Avenue, right off 62nd Street, and now plans to redevelop it into a commercial hotspot. There is 12,200 square feet of rentable space, with the potential to build up to 35,000 square feet. The developers dubbed the building “The Hub” — it even has its own website. They hope to lure a retail, office, or hospital tenant and are emphasizing the development’s proximity to the 7 Train and LIRR. Steven Lysohir, representing the new owners, had this to say about the potential on Roosevelt Avenue: “The strong existing residential base, combined with infrastructure surrounding this property, proximity to major markets, and the increasing demand from various demographics results in a recipe for growth… We plan to commence the leasing effort shortly to find the right tenant for the property and trade area. Our group is committed to Woodside and will spend real dollars to upgrade the appearance and size of the asset to further enhance the curb appeal of this commercial strip.”
You can see more renderings exploring the possibilities of the building after the jump. GMAP(more…)
It’s always a bumper crop in these parts. This Sunday, the Queens Botanical Garden hosts its fourth annual Harvest Fest & Pumpkin Patch, a day-long, family-friendly bash with great food, live entertainment, craft vendors, children’s activities, a bird-and-nature walk, the famous beer tent, and gourds galore.
As recently as the 1950s and 1960s, Flushing was a town of old-timey Victorian homes protected by shade trees, with a lively downtown centered on Main Street between Northern Boulevard and the Long Island Rail Road Port Washington line. After Flushing began to stagnate, a slow trickle of immigrants from eastern Asia began to arrive and revitalized the region, but at the cost of its sleepy-town atmosphere as the old Victorians were torn down and apartment buildings and attached homes replaced them.
Today, Flushing’s colonial relics, some of which are almost 400 years old, are uneasily juxtaposed with garish advertising and overcrowded streets. Commerce and history are rarely easy partners. The result of Flushing’s revival of the past decades is that it has preserved a few of its oldest buildings from the 17th century, but most from the 18th century and even many from the early 20th have been wiped out.
Sprinkled throughout Flushing, though, are several elderly dwellings that have held firm as wave over wave of change has overswept Flushing. One of those is one of Queens’ newest museums, the Voelker-Orth Museum and Victorian Garden, which opened to the public in 2003.
Flushing Meadows-Corona Park is rated the worst for crime out of 30 large parks in New York City, plagued mainly with crimes of grand larceny and robbery. And as Queens Chronicle points out, there just aren’t enough cops patrolling the park. Geoffrey Croft, the head of NYC Park Advocates, summed it up to the Chronicle: “The park has 1,200 acres and no officers.” While overall crime in the park has decreased by 13 percent this year, there have been 27 crimes in just three months. They include two robberies, four felony assaults, 15 grand larcenies and six auto thefts.
The 110th Precinct is on duty seven days a week during the summertime, but not for the entire year. And the police rely on assistance from auxiliary police and members of Patrol Borough Queens North. The Parks Enforcement Patrol, who patrol parks under the jurisdiction of the Parks Department, formerly sent two officers to Flushing Meadows — due to cutbacks, there are now none. (A rep of the Parks Enforcement Patrol says that the park needs around six officers.) Another problem is that the massive green space encompasses six different community boards, none of which claim jurisdiction over the park, and two police precincts. While pretty much everyone the Chronicle spoke to wants an increased police presence, it seems there just isn’t a focused leadership that will push for it.
If you ever doubted the massive amount of demand in the Long Island City real estate market, this will put an end to that. The three-unit, luxury boutique condo FIVE Forty One, located at 5-41 47the Road, is almost sold out. Unit 2A and 2B only lasted one day on the market and sold at full ask. No. 2A, a three bed/three bath with 1,616 square feet and a 472-square-foot outdoor space, was asking $1,770,000. No. 2B, a three-bedroom, 1,596-square-foot triplex, asked $1,800,000. (2B includes an outdoor space as well.) We hear that upon launching in August, there was quite a bit of demand, as well as curious locals.
Yesterday, the final unit of the development hit the market. It’s No. 1A, a 2,040-square-foot three bedroom with 1,100 square feet of outdoor space. (The listing’s right here.) The price tag is a big one: $2,500,000. Can’t wait to see if it also sells at ask…
Hey Jackson Heights, do you have ideas for the future of Diversity Plaza? Well, the Department of Transportation is hosting a visioning session about the public space this weekend. DNAinfo reports that the meeting will be a chance for residents to discuss possible improvements as well as long-term changes. The DOT will also share some of its ideas for improvements, as the organization set aside $2,000,000 for work on the plaza. Council Member Daniel Dromm also allocated $500,000 for better lighting and more seating.
If you’re interested in attending, the meeting is happening this Saturday, October 18th at P.S. 69, 77-02 37th Avenue. It begins at 2 pm.