Prices coming down - Qns, Bkyn, Bx, SI

Here's another - http://realestate.nytimes.com/sales/detail/3517-2177768/11372-QUEENS-NY-USA/2-beds/0-400000-price/PRICE-HIGH-sort/40-p/2007-33AF0F6B013AD--380-2126994--380-2077703--380-2204632--3517-2227289--3517-2209731--253-NS90825520--380-2179837--1999-1608-2229228--3517-2177768-ls/53-t

I've been following the most exclusive & expensive nabe in Queens - Forest Hills GARDENS. On the two recent "regional sales" in NY Times:

This week: 5bd 3.5 bth, asking 1.25M, sold for 980k;
http://www.nytimes.com/ref/realestate/20091101-ressales.html?ref=realestate

Last week: Juno st, asking 1.2M, sold for 850k!!!
(You can dig for the link)

Last year, even townhouse next to the LIRR track was about 1 M ...

those are decent chops. do you use redfin.com? i like who they organize/show listings and a perk of MLS system - you can track how long on the market et al.

originally listed at: 429k -- sold for 360k
http://www.streeteasy.com/nyc/sale/344772-coop-86-10-34th-avenue-jackson-heights

What about LIC? It only ever goes UP in value, dummies!

It's because of the TAX BENEFIT!

I followed LIC peripherally as I thought the pricing was outrageous. Have any price chops to share?

Here's another building - we looked out the Crown Hts / Prospect Lefferts Area and this building, a recent conversion is doing very poorly now. According to ACRIS they've had a City sale now - tax liens. It seems all remaining apts have been de-listed.

http://www.streeteasy.com/nyc/building/411-rogers-avenue-brooklyn -- 411 Rogers Avenue.

Queensboro Bridge is falling down, falling down, falling down

Queensboro Bridge is falling down, My Fair LICComment!

My favorite LIC chop: http://www.streeteasy.com/nyc/sale/372536-condo-44-27-purves-street-long-island-city

MP: "Owner says sell 699000 minimum bid for 2 bedroom 2 bath condo"

HAHAHAHAHAHAHA!

That makes it more expensive by $2,000 a month than my 21st floor flat at 52nd & 8th.

HAHAHAHAHAHAHA!

699,999 for purvees street????there is a gulf gas station across the street and a dominos pizza

Soon there will be a Gristedes, too, I'm sure.

AND A DUANE READE!

Karma prediction: At age 90, Steve ends up in an assisted living facility in Long Island City, NY. Of course, it will be beautiful by then.

bjw, I'd do a Judy Garland before that ever happens, I assure you.

oh yessss the duane reade and gristedes make it worth 699 for sure

a Judy Garland?

give birth to Liza? that's gonna hurt.

keeping it positive

what do you guys think is a better location lic or roosevelt island

Thanks for the post Tandare. have you seen any significant price decreases in Astoria? Im looking to possibly buy but havent seen big enough price reductions to fit my budget.

"give birth to Liza?"

First I'd have to be drugged & boozed, and I don't partake.

kevin5 - I have seen some priced reductions in Astoria, but I think that Astoria was slower in new buildings, and existing ones seem to have more chops.

Mpan - How can anyone have thought that pricing 'strategy' made sense?