Listing of the Day: 132-35 Sanford Avenue
Here’s a sleek condo unit in Flushing, in the newish development located at 132-35 Sanford Avenue. It’s a 466-square-foot studio asking $224,888. Despite the shiny new finishes, the oak flooring and a built-in speaker system, we still think that’s a lot of money for not a lot of space. Do you agree? 132-35 Sanford Avenue…
Here’s a sleek condo unit in Flushing, in the newish development located at 132-35 Sanford Avenue. It’s a 466-square-foot studio asking $224,888. Despite the shiny new finishes, the oak flooring and a built-in speaker system, we still think that’s a lot of money for not a lot of space. Do you agree?
132-35 Sanford Avenue [Keller Williams] GMAP
For $482 sq/ft, this studio seems little high considering much better luxury condos nearby. However, factoring in the future of Flushing, this small space might be a good buy for investment purposes.
Skyview Parc, Flushing’s flagship luxury condominium priced their studios from $550-$650 sq/ft. The amenities, location and “luxury”aspect of it make it much better than this regular condo; and the price is only $100 or so more. Perhaps, if the price came down to $430s it may be a better deal.
However, the proximity to the new shopping units in Flushing may prove to be a justified price for investment. Skyview Parc is introducing more stores and finally has plans for more tenants. Republic Couture, Litle Lamb and the future medical offices will come in the next year or so. Then over at Prince Street is the development of Hyatt Hotel and various “high end”- (or so they claim) boutique stores, which should be finished in 2014.
Personally, I find that this studio is not bad considering the proximity to the future of Flushing. But, one thing I cannot deal with is the fact that this condominium building was designed by a shady Chinese architect (I’m Chinese and I feel is appropriate to call this dude this). The building was designed by Michael Kang who has projects around Chinese communities and involved in many stop orders by the government. The studio may be renovated (very nicely I might add) but, I cannot trust the structure of the building.
Note: the photo of the exterior is of the wrong building. This building is located between Frame and College Point. It is an older building than the one in the photo, but the apartments have been gut renovated (and that photo is correct).
As to the pricing, apparently the market disagreed. It sold out in practically record time. 🙂