REAL ESTATE
Bay Terrace co-op community celebrates an historic land purchase
BY SUZANNE MONTEVERDI
smonteverdi@qns.com / @smont76
Lawmakers and residents gathered
on the grounds of a Bayside co-op to
celebrate a momentous moment in its
decades-long history.
On July 25, Bay Terrace Co-op
Section One announced that it now
owns the land its buildings are built
on for the fi rst time in 60 years aft er
purchasing the 10 acres from Cord
Meyer Development. Th e community
met at the co-op at 212th Street and
14th Avenue to cut a celebratory ribbon
Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
BAYSIDE WOODSIDE BRIARWOOD HOWARD BEACH
Under $500,000
167-05 12th Ave., Beechhurst
$395,000
Co-op
3 bedrooms, 1 bathroom
Paul and Marsha Gellert
Shares of New York Marketing
$500,000-$900,000
133-26 Avery Ave., Flushing
$888,000
Condo
3 bedrooms, 2 bathrooms
Hsueh Ying Lu
E Realty International Corp.
Over $900,000:
38-18 204 St., Bayside
$1,230,000
Single-family colonial
4 bedrooms, 2 bathrooms
XiuYun Pan
Century 21 American Homes
Under $500,000
21-37 33rd St., Astoria
$395,000
Co-op
2 bedrooms, 1 bathroom
Eleni Spyridakis
Highline Residential Queens
$500,000-$900,000:
86-10 34 Ave., Jackson Heights
$769,000
Co-op
2 bedroom, 2 bathroom
Michele Beaudoin
Beaudoin Realty Group
Over $900,000:
30-35 68th St., Woodside
$1,200,000
Single-family colonial
3 bedroom, 2 full bathroom, 1 half bathroom
Julia Bravo & Benjamin Reteguiz
Empire Fine Homes
Under $500,000
225-36 111th Ave., Queens Village
$499,999
Single-family Hi Ranch
3 bedrooms, 1 bathroom
Alejandro Aguirre
Telemundo Realty Corp.
$500,000-$900,000
141-29 Grand Central Parkway, Briarwood
$799,000
Single family
3 bedrooms, 1 full bathroom, 1 half bathroom
Inessa Rubinov
Exit Kingdom Realty
Over $900,000:
81-23 189th St., Jamaica Estates
$1,189,000
4 bedrooms, 2 full bathrooms, 1 half bathroom
Single-family colonial
Inessa Rubinov
Exit Kingdom Realty
Under $500,000:
61-15 97th St., Rego Park
$495,000
Co-op
2 bedrooms, 2 bathrooms
Ines Guerra
Ines Guerra Realty Inc.
$500,000-$900,000:
164-07 87th St., Howard Beach
$850,000
Townhouse
3 bedrooms, 1 bathroom
Christine Inverary
Charles Rutenberg Realty Inc.
Over $900,000:
67-14 Burns St., Forest Hills
$1,250,000
Single family
3 bedroom, 1 full bathroom, 2 half bathrooms
Esther Harris
Keller Williams Realty Landmark
on Aug. 22.
“Here in the city, we keep hearing
our elected offi cials, the City Council
and the mayor talk about aff ordable
housing: and that’s what we are,” said
co-op president Warren Schreiber.
“Th is is aff ordable housing. And everybody
in the city has to support this
housing or else it’s going to disappear.”
Th e historic sale will allow the co-op
greater freedom to begin improvement
projects, simplify the process for
shareholders to sell their apartments
and make it easier for interested buyers
to receive mortgages from fi nancial
institutions who may have been hesitant
due to the land lease status.
“Th is is what happens when you
have a team of elected offi cials that
work together,” Councilman Paul
Vallone said.
Leaseholders in all cooperative sections
hope to own their land by the
end of 2018 as Cord Meyer works with
them to fi nalize their land purchases.
Th is will impact over 1,800 families.
“One day, you’re gonna own all this
property, and it’s only because of the
fact this place is run well, you’ve got
a great team of people that run the
place, and I think it’s a wonderful
accomplishment,” Congressman Tom
Suozzi said. Photo by Suzanne Monteverdi/QNS
