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Second Phase of Sales Launches at Astoria Lights Renovation

RockFarmer Properties’ Astoria Lights has officially launched sales for the project’s second phase. Originally constructed in 1929, the 167-unit pre-war co-op building has been reimagined to offer a bulk of available renovated co-op units for sales.

All of the 58 available units available in Phase One were completely sold out five years ago. There are 38 remaining available units to be released for sale in Phase Two.

“Astoria and surrounding neighborhoods like Jackson Heights and Sunnyside are dominated by these beautiful pre-war buildings that have great bones but unfortunately haven’t been upgraded or amenitized,” said George Michelis, RockFarmer managing principal.

“At Astoria Lights we recognized the opportunity to breathe new life into a building that already features great layouts and an incredible location,” he added.  “We are really meeting the market and what today’s buyers are looking for.”

The development is on track for its anticipated full completion in 2020.

Connect Texas Multifamily will take place August 15, 2019 in Dallas. For more information, or to register, click here.

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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 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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