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RockFarmer’s Rowan Condos Set New Pricing Record

RockFarmer Properties’ The Rowan has set a new sales record for condominiums in Astoria, breaking the neighborhood’s previous record set by The Rowan last Fall. Apartment 5D, the project’s most expensive two-bedroom unit sold for the asking price of $1,699,000, or $1,264.13 PSF.

Last October, The Rowan’s 1148-square-foot Penthouse D set a new record for Astoria condo sales when it sold for $1.65 million, or $1,437 per square foot.  That sale surpassed the neighborhood’s previous record sale at Astoria’s East River Tower, where a penthouse sold in 2018 for $1.6 million, or $1,323 per square foot.

When complete in 2021, the six-story luxury condominium will comprise 46 studio, one-, two- and three-bedroom residences ranging in size from approximately 425 to 1,857 square feet. Asking prices for the carefully crafted studio to three-bedroom homes now available range from $555,000 to $2,549,000.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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