Why multifamily buildings don’t trade very often in Queens

Queens has been at the forefront of New York City’s development boom, with major new megaprojects rising from Astoria to Flushing. And with Amazon’s official selection of Long Island City for half of its so-called HQ2, the appetite for large scale developments in Queens is likely to accelerate even further. But one segment of the local market that has remained consistently slow is deals for multifamily buildings, where activity almost always lags behind the other […]

source https://therealdeal.com/2018/11/19/why-multifamily-buildings-dont-trade-very-often-in-queens/