Last Updated: December 21, 2012 02:29pm ET
Astoria: The Next Multifamily Frontier
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PrintNEW YORK CITY—With development parcels becoming scarce along the East River waterfront in Northwestern Queens, Astoria—the area known for Greek culture, ethnic cuisine and family-owned low-rises and rowhouses— may be going vertical, and soon. Given a steady uptick in renters as well as buyers in the neighborhood, investor and developer appetite is increasing steadily toward the area's eastern end near the Triboro Bridge.
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