Appreciation in Astoria?

Ditto the conundrum here, in Forest Hills, around $200K. I've spent sleepless nights calculating how many years I would need to stay before breaking even. Every calculation is based on speculation, albeit the educated kind. Ten years?

same kind of situation. My calculations put it at 5-6 years to break even. I think Forest Hills will appreciate slower than astoria, however that area around 36st (depending on where exactly the place is) may have to wait a little longer. That area in astoria is still more "up and coming" where as forest hills has always been a great neighborhood.

sorry, that shld be 36th ave stn / corner of 29st. do you think that $250k is overpriced for 1bdrm co-op?

$250K sounds like a good deal for a 1 bdrm in that area. Is it new construction or an older building? As far as appreciation, there seems to be a lot going on in the area around Kaufman Astoria studios and the movie theater on 35th Ave. I believe a new supermarket and an Italian restaurant just opened there. So that's a good sign. We're thinking of buying a two family house in the Ditmars area near Astoria Park and also agonizing over whether it's the right decision.

it seems like a good deal but i'm concerned because there's 2 other units that have been on the mkt for awhile at same price. estimate there's only 20-24 units in the bldg.

So make a lower offer. If you like the place and are only concerned because other apartments for the same price have been on the markets a while, make a lower offer.

Any updates, I'm now looking at the same building but don't see people listing that low anymore. The newest listings are at 299, which doesn't seem to make sense given the last year. Did you end up buying?