Astoria is where for commercial investment
Southeast (Briarwood, Brookville, Cambria altitudes, Hollis, Jamaica, Laurelton, Queens vlg, Rosedale, Street. Albans, Springfield backyards)And hopefully, It seems as though commercial and investment real estate sales are reflecting what the rest of us have known for a long time: That Astoria is a great neighborhood with excellent amenities, Vehicle and infrastructures and is ideally situated for stable investments.
Those watching it sales in Astoria can easily see the spike in activity as the year unfolded. Many felt that the first quarter of 2013 was disappointing as industry was slightly below average. For the, As opposed to a harbinger of a difficult year ahead, These numbers reflect a recovery from the artificial boom that happened keep away from of 2012. As a result, We can surmise that those investors who were already considering selling likely did so keep away from, Due to concerns about the funding gains increase that was scheduled to occur in 2013.
Regardless of this artificial December spike,
Oakley Rubber, Sales were high month in month out of 2013, Proving that the market is finally picking up after nearly five years of mediocre growth. Researching 2013 with 2012,
Cheap Oakley Lenses, We see a 16 percent increase in the quantity of sales alone. Principally favorable among buyers are walk up, Multi beloved ones units. Commonly a proven, Solid commodity, As banks are more inclined to give favorable schooling for this"Delicious spot" Of the market at historically low interest.
Also, There is an exceptional buzz concerning 2013's activity. Many owners and buyers feel very confident in the future health of industry. Simply set a point, As it pertains to the multi family market, The better half of this year showed an increase of 50 percent in the amount sold versus the first half(10 compared to. 15). The median price per sq. ft. increased from $211 to $223, A rise of 6 percent.
We feel confident that the activity we had seen over the past year continues to build and create and even stronger marketplace in 2014.
Swain Weiner is president/partner at Greiner Maltz Investment condos, A board person in the Astoria Kiwanis, Astoria Civic acquaintance, And fundamental Astoria LDC, Ceo of the Sunnyside Chamber of Commerce, And a member of the LIC love.
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