Ever since The Aston, Forest Hills’ newest condo development at 108-20 71st Avenue, launched this past fall, demand has been crazy high. The 97-unit development was 50 percent spoken for after four weeks of showings. Now, DNAinfo reports, the development is 60 percent sold. With that, prices have risen significantly on the one-, two- and three-bedroom units.
Upon the sales launch, one bedrooms started from $455,000, two bedrooms from $790,000 and three bedrooms from $1,400,000. (We heard units were all selling at ask.) Now, one bedrooms range from $585,000 to $730,000, two bedrooms from $995,000 to $1,330,000 (with two-bedroom penthouses priced between $1,620,000 and $1,710,00) and finally three bedrooms (of which there are three) starting at $1,420,000. This seems like a game changer for the Forest Hills market, no?
The sales team, which hasn’t even had to advertise the units, told DNAinfo that they expect to sell out by early summer. The development, which includes a gym, outdoor terrace, parking garage and concierge, will be ready for occupancy in February.
2-Bedroom Apartments at Luxury Forest Hills Condo Surge to $1M [DNAinfo]
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