NY Post Assesses Jax Hts real Estate Prospects

Adam Bonislawski looks at 'outer borough' neighborhoods' real estate prospects for the New York Post (September 27 2007) in the article 'DEAL OR NO DEAL'.

In what way is Jackson Heights like the Upper East Side? Both are neighborhoods with no shortage of co-ops. And just as these staid buildings and boards have insulated Manhattan's tonier reaches from the current credit crisis, they should have a similar effect on Queens' most diverse neighborhood.

Of course, there are a few differences between Park Avenue and Roosevelt Avenue. There's price, for starters. Studios in Jackson Heights run as low as $100,000.

And this is a neighborhood that might not change much. "There's a lack of developable land in Jackson Heights," says broker Adrianno Hultmann of The Corcoran Group. So, if you want rampant condo development, look elsewhere.