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I know this requires a crystal ball but with all the talk of developments near Sutphin Ave and such how well do you think real estate values are likely to be in Kew Gardens, Forest Hills are over next few years. It seems like I went up around 10% in a year but thats based on list price of places like mine.
I know this requires a crystal ball but with all the talk of developments near Sutphin Ave and such how well do you think real estate values are likely to be in Kew Gardens, Forest Hills are over next few years. It seems like I went up around 10% in a year but thats based on list price of places like mine.
I don't think real estate values will go up in Kew Gardens or Forest Hills because of Jamaica development. It's going to be many years (decades maybe) before residents of Forest Hills or Kew Gardens will consider Jamaica an option for shopping or nightlife - when that happens, then real estate values in Forest Hills and Kew Gardens will go up.
With all the talk of development in Jamaica, it's still light years behind Downtown Brooklyn and Flushing. It's really more neck and neck with Fordham Road.
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Good point, I wasnt meaning as much that people from Kew would shop there, just that the more upscale the neighborhoods around Kew became the quicker it might go up. I figure all the folks priced outta LIC & Brooklyn would be attracted to close proximity to LIRR
Good point, I wasnt meaning as much that people from Kew would shop there, just that the more upscale the neighborhoods around Kew became the quicker it might go up. I figure all the folks priced outta LIC & Brooklyn would be attracted to close proximity to LIRR
Jamaica is still too hood for that...the neighborhood immediately south of the LIRR Jamaica stop can serve as a backdrop for any Charles Bronson movie - and we are in November 2016.
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
They need to re-zone all the manufacturing south of Archer Avenue for starters. Next, flood the LIRR stop within a 5 block radius of nothing but high-rises with street level retail, and new schools from pre-K to 12th grade, and tie that into York College. Follow my plan and in 15 years Jamaica Avenue will be where Flushing is now. If they really want to start feeling themselves they can put a soccer sports arena there. Queens got the biggest soccer influence in NYC.
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
we have a co-op in kew since 1987. it has always been an investment property . appreciation sucked in comparison to other area's and asset classes . not sure how homes did , but co-ops there did pretty dismal .
we paid 75k in 1987 and today it is worth about 175k .
the same money in our equity portfolio is worth 1.6 million . our manhattan co-ops went up many many more times .
Thanks Mathjak, I know this year mine seemed to shoot up pretty well I was hoping that trend would continue but maybe not. Its still easier to get into Manhattan from here then say Astoria (using LIRR anyways) Jersey or most of Brooklyn so I had hoped when a big segment got priced out of certain areas then our area would go up further in value.
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