Residential market report

August 1, 2018
Published in The Real Deal
The Real Deal’s recent residential market report shows growth in the outer boroughs and a slight decline in Manhattan rents as inventory rises. That’s not to say that everything across the island is down: a townhouse in Greenwich Village set a record in July for the most expensive sale Downtown. But the real movement is in Queens, where Modern Spaces CEO Eric Benaim says that low inventory is spurring record sales on condos in Astoria. The number of sales in Astoria tripled last quarter, and house hunters looking to move into the booming neighborhood should reach out to Modern Spaces, the professional real estate group specializing in Astoria and Long Island City real estate.
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