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Astoria as investment property?

Started by Sonya_D
almost 13 years ago
Posts: 547
Member since: Jan 2013
Discussion about
Hello everyone, I was wondering what your thoughts were regarding Astoria, Queens as a place to purchase an investment property -- a one or two bedroom apartment, specifically. Rents seem to be through the roof for an non-very-gentrified area, and it seems to be getting more and more popular every 6 months. What do you think? Could a well-located apartment in this neighborhood prove profitable?
Response by NYCMatt
almost 13 years ago
Posts: 7523
Member since: May 2009

Astoria is quickly becoming the new Park Slope.

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Response by Sonya_D
almost 13 years ago
Posts: 547
Member since: Jan 2013

Yes, it seems that way... or something similar. What do other people think? Is this worth the investment? Also, do people have any experience with condo vs. co-op in this area specifically? There also seems to be a fair amount of condops....

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