2015 Astoria Real Estate Miscellanea, Some of Which Surprised Us

The folks from Property Shark contacted us to promote their annual Astoria real estate report, so we thought we’d pass on a selection of details, some of which, frankly, surprised us.

Probably the most intriguing detail is that the the Ditmars area (and Steinway, though we here at WHA don’t separate it out) was the fifth most expensive neighborhood in Queens by median sale price of $794,500 (that’s up 20%). I guess I shouldn’t be surprised, since Ditmars is a pretty nice part of NYC, but it’s pretty amazing to see it proclaimed in black and white. This is good news for you who own property here.

Here’s the top selling house in Astoria last year—and let’s be honest, it’s not much to look at. However, that’s doesn’t seem to matter, since it sold for $3,000,000. My guess is that it will be razed and a new building will be put up in its place. Ha! I just re-read the report and that’s exactly what’s going to happen—it was purchased as an investment property; a new building with 18 units will be built at this location. This is 31-10 28th Street.

Here are the top selling homes in Astoria in 2015:

1. 31-10 28th Road. Sold on March 20, 2015 for $3,000,000. [MAP]
2. 30-48 Crescent Street. Sold on August 5, 2015 for $2,200,000. [MAP]
3. 25-39 41 Street. Sold on January 30, 2015 for $1,700,000. [MAP]
4. 20-30 42 Street. Sold on February 5, 2015 for $1,150,000. [MAP]
5. 23-01 23 Avenue. Sold on April 21, 2015 for $1,017,500. [MAP]

The most expensive apartment sold in Astoria last year was for $960,000, located at 11-24 31st Street [MAP]. That’s the East River Tower, that out of place looking building that towers over Socrates Sculpture Park.

Broad numbers: Astoria’s median home sale price in 2015 was $551,500; Queens overall is $360,000, lower than we expected.

Check out the report here, and after you do we’d love to hear what you think.