Monday, January 15, 2007

Stable, quiet Jackson Heights set for major condo project

By Cara Tabachnick for The Real Deal , January 2007
Conversion would have 190 units, second largest for Queens

...Plans for Stratford Hall at 80-09 35th Avenue in Jackson Heights were submitted in October. The project is slated to have 190 units.

"It is groundbreaking," said longtime resident and broker Michael Carfagna of MPC Properties. "It is the first conversion in Jackson Heights in last 20 years. The fact that the owner is choosing to convert shows there is real underlying strength in the market."...

..."Jackson Heights is an undiscovered market. It's mostly through word of mouth and referrals," said (Michael) Carfagna. Buyers are mostly drawn to the neighborhood for its prewar housing stock, not sheetrocked $800,000 apartments with bamboo floors like those in Manhattan, he said...

..."Most of our new residents moving to the neighborhood are disgruntled Brooklynites, some from Manhattan," he said. "They can't believe what you can buy for the money."...
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