Long Island City’s Hallets Cove real estate development update

IMHO The asking prices for these units are at least $100/sq. ft. too expensive for the current market. Their only selling point is that they offer a view and some nice internal kitchen and bathroom fixtures and shiny and meaningless amenities. They fail miserably on location! location! location! Ie: no dry cleaners, restaurants, public transportation, performing arts, quick access to Manhattan by car (other than between 9pm and 7 am) And living in a far more desirable location — LIC — that has far more location! location! location! and has deals in the below-$600 sq. ft. range, I wouldn’t even consider the trek to look at these overpriced condos/condops.

I must admit that Hallets Cove is an art nerd’s destination spot for niche art.

Full disclosure: one of my many nerd facets is “art nerd”.

Doesn’t mean I would consider living there for more than $450/sq. ft.

Not to mention the fact that the folks who bought in Vizcaya have major leaking and mold issues, had floors replaced, need a new roof, no insulation on their pipes, no dampers on their fire places, flooding in the basement, no sprinkler system and a garden that is not as it was represented. The owners have the State Attorney General calling the developers to task about their shoddy construction. Do not be swayed by the slick porytel of the developers sales pitch. The Orient is a long way off if the developer doesn’t fix what is in front of him first.

East River Tower will NEVER sell those apartments at these prices. The Piano Factory next door is having a terrible time selling units even after drastically price chopping to a much lower ppsf and the Ria also hugging them both has price chopped their lofts duplexes drastically with no one biting. This is a very remote area of lively ammenity rich Astoria. All the things people move to Astoria for are a 20 minute walk away.

Sorry, I meat to say it took me 15 minutes.

wow. now that really says something.

All of these properties are in foreclosure. They should never have been built in the first place. This is the pure outcome of greed. This is hard working lower middle class 2 family home neighborhood that should have had their amenities and vital services updated years ago but Bloomberg, Marchall and Vallone all saw dollar signs by trying to hand over this neighborhood to their rich friends. This the result.

Bring back the 2 family home to Queens and bring back our backyards and front yards and all important trees and natural drainage to stop the tide of increasing flooding problems here and keep these ridiculous buildings out of our neighborhoods. They are environmental, utility and resource WHORES.

The last post must of been put up by someone with a vasted interest in the building.

If it is such a steal would you go around announcing it before the auction?

The East River Tower building is OK but they will never get those high prices. Due to market conditions and the location near the bad projects and no transports near by. Asking price should be around $250k at least to get some units sold.