Colonial Court Sees Spike in Sale Prices

Colonial Court Sees Spike in Sale Prices – According to public records, Colonial Court, located at 35-36 76th Street in Jackson Heights, has clocked in some impressive sale prices, with one bedroom units ranging from $230k to $270k and two bed one bath units ranging from $350k to $385k. The overall turnover in this 151 unit building over the last twelve months has been less  than 4% and availability continues to remain low, which partially contributes to the healthy sales records in addition to the proximity to the express train and the stellar management of the building as a whole. What 2013 will bring for Colonial Court remains to be seen, but in this low rate environment and by the evident influx of new buyers from surrounding boroughs the current momentum is just beginning to pick up speed.


Source: Real Estate Intelligence – by Armen J. Meschian RE-Broker

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