News: The Times Turns its Gaze Toward Corona

Today the paper of record profiled Corona, one of the largest Latin American immigrant communities in the borough, for its “Living In” column. City Councilwoman Julissa Ferreras tell the Times that over-development is a challenge in this area, with two-family homes replaced with multifamily developments. Her concern is of less parking, more traffic, and strained community services. But the neighborhood, once heavily Italian American, remains a stronghold for Latin food and culture.
As for real estate, demand for housing here is going up, and so are prices. Two-family homes roughly range from $700,000 to $800,000, with larger condos and co-ops starting in the mid-$300,000s. Buildings with three or more units can range anywhere up to $1,500,000. As for available rentals, prices range from $1,250 for a studio up to $2,395 for a three bedroom in LeFrak City.

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