Real Estate The Ticker

Sales and rental prices surge in Astoria, Long Island City

Real estate prices and rents in Long Island City and Astoria are on the rise, especially in the luxury housing market, where there isn’t enough supply to meet demand, a new report shows.

The average monthly rent for a one-bedroom was $1,600 in Astoria and $2,400 in Long Island City in the last quarter of 2012, according to real estate brokerage firm Modern Spaces.


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