OuterB on Queens Real Estate

Should be a nice weekend for open houses - no rain in the forecast so far!

Forest Hills
House: 4 bedroom/2.5 bath
$679,000
68-27 Olcott Street
Sunday July 22, 1-4pm
NY Times listing [Re/Max]

Jackson Heights
Co-op: 1 bedroom/1bath
$345,000
Berkeley, 78th St.
Sunday July 22, 1-3pm
NY Times Listing [NY Times Web Listing]

New Hyde Park
House: 3 bedroom/1 bath
$639,000
512 North 6th Street
Saturday July 21, 1-3pm
Sunday July 22, 1-3pm
NY Times Listing [laffey.com]

Ozone Park
House: 2 bedroom/1.5 bath
$394,500
84-16 Sutter Avenue
Saturday July 21, 11am-1:30pm
NY Times Listing [Re/Max]

Richmond Hill
House: 3 bedroom/1 bath
$429,000
91-35 109th Street
Friday July 20, 5-6pm
NY Times Listing [Foxtons]

The Queens Courier did a nice writeup on Ozone Park. It’s a community of immigrants, originally Irish and Italian, but now populated with Hispanic and Asian as well. Lots of detatched and semi-detatched homes built in the early 20th century, that are priced well. Apparently the founders of the area called it Ozone Park to invoke fresh air and seabreezes.  Ozone doesn’t mean that anymore!  Still, it sounds like a very nice community.

Related:
Ozone Park: A Wonderful Place To Live [Queens Courier]

OZONE PARK

$480,000

9511 Pitkin Ave, Ozone Park, NY (G Maps)

Renovated five-bedroom, two-bath townhouse, 2,300 square feet, with dining area, kitchen with new appliances, deck, driveway, one-car garage and closed-circuit security system. Asking price $490,000, on market 15 weeks. Brokers: Lara Slaughter and Helene Leskin, Citi Habitats. Source - NY Post 8/17/06

This weekend there are open houses at three  of the most expensive condominiums in Queens. 

The first I can stomach - the Citylights building in Long Island City. Corcoran is listing a 3-bedroom at $560,000, a 1-bedroom at $425,000.  The building is right on the water, great local restaurants, one subway stop to Midtown. 

The second seems a little irrational, but still bound to earth - the Shore Towers in Astoria, $549000 for a 2-bedroom.  Again, great views of Manhattan, good neighborhood, but a tougher commute and an older and less prestigious building.

But the third is just bizarre. $550,140 for a 3-bedroom in Ozone Park? $495,000 for a one-bedroom?   What?  It’s Magnolia Court, a gated community off of Cross Bay Blvd.  When listed neighborhood amenities include a Staples, it’s time to admit this is bubble pricing. Throw in all the marble sinks you can, but $495,00 for a one-bedroom in Ozone Park? I don’t think so.