Oct. 27, 2013 By Christian Murray
In the 1920s, the Sunnyside Gardens district was designed to provide affordable housing for the working class.
Nearly a century later those same homes are far from affordable—with many topping the $1 million mark.
This year, the Sunnyside Gardens real estate market has been booming—with recording-breaking sales prices and buyers bidding well above the offering price.
“The market is very strong,” said Amy Fitzgerald Bottero, the owner of Welcome Home Real Estate, which brokered deal. “Inventory is very low and we are seeing multiple bids.”
Meanwhile, a 2-family house, located at 39-47 48th Street, is in contract for around $1.160million. If the deal goes through, it would be a record sale price for a 2-family house.
John Gonzales, who is brokering the 2-family deal for Exit Realty, said that buyers want to snap up Gardens properties as soon as they hit the market