News & Press

February 15, 2017

Flushing Has Seen an Influx of Luxury Condos, But Will Luxe Retail Follow? (Commercial Observer)

In Flushing, the neighborhood located at the very last stop of the 7 train in Queens, condominium prices having been climbing dramatically over the past few years. In the Downtown area, which is home to the city’s second-largest Chinatown, many condo units have traded for over an eye-popping $2 million a piece. (For comparison, Manhattan’s average condo price is $3 million, according to Douglas Elliman’s fourth-quarter 2016 report.)

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