QNE_p036

QC03262015

36 THE QUEENS COURIER • REAL ESTATE • MARCH 26, 2015 FOR BREAKING NEWS VISIT www.queenscourier.com real estate Flushing Mall set for demolition soon Specializing in sales and rentals in South Florida (Boca Raton, Delray Beach & Boynton Beach) $837k Paula Lescht, Realtor® BERKSHIRE HATHAWAY HomeServices IMPERIAL ROYALE One of the best & most exclusive Condos in Boca Pointe!! 3,500 sq. feet. of luxury living in a private setting. This 7th fl oor Condo features the most unique and well appointed upgrades; Gorgeous kitchen, 2-1/2 redone bathrooms, 2 newer air conditioners, garage parking, open living room with hurricane doors and panoramic views; so much more! Please call me for a private showing of this designer decorated Condo. Come to Florida, enjoy the glorious sunshine! MLS# RX-110119131 561-756-1462 • PLeschet107@aol.com REPORT: LOW SUPPLY OF QUEENS HOMES DRIVING HIGH PRICES BY LIAM LA GUERRE lguerre@queenscourier.com @LiamLaGuerre The inventory of homes for sale in Queens is continuing to fall, driving higher prices throughout the borough, according to a monthly report on Queens homes sales by Keller Williams Realty Landmark II. The current median price of a home in Queens is $405,000, which is up 9.6 percent from last year. The report, which is based on data from the Long Island Board of Realtors, found that there are 27 percent fewer homes available for purchase in March this year than a year ago. Currently, there are 3,902 homes available in the “World’s Borough,” while there were 5,338 in March of 2014. Sellers have an edge in the market, since demand is high but supply is low, and so they are pricing their homes higher than this time last year. The low inventory is also having another effect on the market. Although the demand is great, people aren’t buying homes as fast, because they don’t have enough choices. NEW PERMITS FILED FOR 13-STORY BUILDING BY LIAM LA GUERRE lguerre@queenscourier.com/@LiamLaGuerre It’s the end of the road for the Flushing Mall, but the fate of the massive site it sits on is still up in the air. Developer F&T Group, which is working on the huge Flushing Commons project and constructed One Fulton Square, fi led plans Thursday to construct what is being called Two Fulton Square on the site at 133-15 39th Ave. in downtown Flushing. The development will include a 13-story mixed-use residential building with 192 units, according to the fi lings. Margulies Hoelzli Architecture will design the building, which will have retail stores in the basement level. A parking facility with about 377 spaces was also recently fi led for the site. The project is much smaller than a September fi ling on the site for a 16-story mixed-use commercial, residential project that would have housed nearly 400 apartments in 368,868 square feet of residential space and 520 enclosed parking spaces. Those plans were not approved by the Buildings Department. The developer has been tight-lipped about the plans for the project, and has not returned The Courier’s requests for comments and more information. The change in fi ling could be a downsizing of the project or possibly just part of the development structure. But one thing is certain — the current mall is about to come down. Last month the developer fi led permits to demolish the old Flushing Mall, and scaffolding has been recently set up around the site. Courtesy of Keller Williams Realty Landmark


QC03262015
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