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Re: Hunters Point vs LIRR Round 1

Posted by trainsarefun on Fri May 22 12:08:17 2009, in response to Re: Hunters Point vs LIRR Round 1, posted by trainsarefun on Fri May 22 11:19:40 2009.

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Surprisingly, many of those people really did pay a fairly high dollar to square foot ratio.

Streeteasy puts it down, for the development where people seem to be most irked (One Hunters Point, 5-49 Borden Av, LIC), as current asking price amounting to $783/sq ft. You can check out details on particular units here.

I'm actually not sure whether ratios would have been higher in other relatively comparable 'frontier' neighborhoods, e.g., Central Harlem, Downtown Brooklyn, Astoria, Williamsburg, etc.

Streeteasy pegs current asking price at a similar, new frontier building at $761/sq ft (Oro, 306 Gold St, Downtown Brooklyn). So I'm not sure that any of these folks got off on the 'cheap' end of the scale. All of them did receive costs lower than even current Manhattan condo prices ($1100-1300/sq ft), but it doesn't appear to me that there was any discount for living next to trains.

As you can see, though, from the comments by petition signatories, they were quite aware of where they live.


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