| 3 minute read

Top 10 Best-Selling Buildings in Queens

BY Andra Rus | Feb 19, 2016

While often overshadowed by Manhattan and Brooklyn, Queens has a lot to offer to buyers looking for luxury amenities, accessibility, and proximity to green spaces. Property Shark’s data shows significant real estate transaction activity over the last year in the borough.

Check out the best-selling buildings in Queens ranked by number of units sold in 2015:

10. Bay Terrace

Units Sold: 19
Median sale price: $253,250

Considered by some to be the “most successful conversion in NYC”, this idyllic co-op is less than 30 minutes away from Manhattan, yet boasts affordable prices, a park-like setting, golf, highly rated schools, and spectacular shopping.

9. Kennedy House Condominiums, Forest Hills & Silver Towers, Kew Gardens

Units Sold: 20

Median sale prices
Kennedy House Condominiums: $577,000
Silver Towers: $180,000

Both Forest Hills and Kew Gardens claim multiple spots on this year’s top 10 list of Queens buildings. Silver Towers sales have been fueled by affordability with a median price of just $180k. Kennedy House offers a more elegant lobby, in addition to a rooftop pool, justifying a more regal median price of $577k per unit.

8. Downtown Flushing & Rego Park

Units Sold: 22

Median sale prices
13208 Pople Ave: $288,800
9932 66 Avenue: $259,500
Park City Estates: $207,500

All tied in 8th place with 22 units sold in 2015; these 3 Queens buildings offer very reasonably priced apartments ranging from a median of $207,500 in Park City Estates to $288,000 on Pople Avenue.

7. Shangri-La Tower, Downtown Flushing & Birchwood Towers, Forest Hills

Units Sold: 24

Median sale prices
Shangri-La Tower: $441,000
Birchwood Towers: $314,500

With a median price of $441,000, the Shangri-La Tower is the 3rd time that Downtown Flushing places in our list. Birchwood Towers scored a more modest median price of $314,500, and fills  one of four positions held by Forest Hills.

6. Hunters Point

Units Sold: 32
Median sale price: $585,000

Citylights remains the most praised Queens co-op in Long Island City. Spectacular views and being a pet-friendly building continue to make this a highly desirable community to live in. This is certainly reflected in the higher median sales price of $585,000.

5. Kew Gardens Hills

Units Sold: 43
Median sale price: $176,300

NYC real estate doesn’t come much cheaper than this! While not all the online reviews of Dara Gardens are positive, units start at just $175,000 for gated community living.

4. Bay Terrace

Units Sold: 44
Median sale price: $505,000

Spread over 13 acres of park land with pink blossoming trees, and with a heated indoor-outdoor Olympic-sized pool, the Bay Condo Club offers Queens residents a wealth of living without ever having to leave the community. The median sale price over the last 12 months comes in at $505k.

3. Elmhurst

Units Sold: 48
Median sale price: $386,000

Originally built in the early 60s, The Continental Park underwent a complete renovation just 2 years ago. This Queens co-op now presents itself as one of the most modern and attractive on this list, although the median sale price remains a deceptively inexpensive $386,000. The Continental’s classy units with private terraces are clearly a hit with savvy NYC buyers.

2. The Aston, Forest Hills

Units Sold: 89
Median sale price: $845,000

The Aston could easily become known as one of the most successful buildings in Queens. The brand new 16-story luxury condo tower is a back-to-the-future blend of modern Art Deco design with echoes of the glamorous days of the 1920s. Its architect describes his work as “The Great Gatsby comes to Queens again.” Sales have been fast and furious, and resales could rocket well beyond the current median price of $845,000.

1. Glen Oaks

Units Sold: 112
Median sale price: $610,000

While its units are less pricey than those in The Aston, North Shore Towers certainly claims the crown for most units sold in the last 12 months – by a long way. The North Shore Towers complex is a fortress, combined of three 34-floor buildings, with its own electricity supply, 22-unit retail shopping center, golf course, and its own zip code. However, buying here is only possible via a rigorous interview and screening process with the board.

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With 10+ years of experience at PropertyShark, Andra covers the latest product updates and market reports for our blog. Her work has been featured in The Real Deal, Curbed, TimeOut, The Daily Mail, Business Insider, Crain’s New York.

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