Astoria Is The Top Neighborhood To Watch In 2019, Experts Say

ASTORIA, QUEENS -- Astoria's recent real estate boom and the incoming Amazon HQ make it New York City's top neighborhood to watch in 2019, according to real estate experts.

The waterfront Queens neighborhood is the first of nine chosen by data scientists at the real estate website Localize.city, who say an uptick in development make Astoria "where it's at."

“An influx of new bars, restaurants, and major development projects is already well underway,” Localize.city urban planner Alon Goldstein said. "But the pace is likely to accelerate with Amazon’s HQ2 coming to Long Island City and the ongoing growth of the Cornell Tech Campus."

There are almost 1,960 apartments in 71 building currently under construction in the neighborhood, where rental prices are currently about $2,000-per-month for a one-bedroom, analysts found.

And Localize.city analysts predict rents and home values will only increase near the $3.6 billion Amazon campus, which will eventually comprise at least 4 million square feet of commercial space on a swatch of waterfront property stretching along Vernon Boulevard.

Analysts also pointed to soon-to-be completed renovations to six N and W subway stops which will bring modernized stations to 39th Avenue, Broadway, and Astoria Ditmars Boulevard stations reopen in 2019.

The Arc, a 2,000-person concert hall in the Kaufman Arts District, is also slated to open this year as well as a massive food hall on 35th Avenue, Localize.city noted.

Astoria topped a list of nine neighborhoods likely to see major growth in 2019. To see the full list, read the full report on Localize.city here.

(Lead image: The Long Island City waterfront and skyline are seen on Nov. 7, 2018. Photo by Mark Lennihan/Associated Press)