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In Astoria, a Tale of Two New Condo Buildings

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We've already touched on the ugly of Astoria, so what about the good and the bad? First up: Plaza 21, the newish condo building at 23-01 21st Avenue. It may have the world's saddest StreetEasy map, but it's still selling, according to the developer, who tells us the 36-unit building has only seven apartments left. Asking prices range from $490,000 to $620,000, and closing discounts have been small, with the biggest chop only 5.4 percent off. A success story where other neighborhood condos have failed?
Less fortunate is 30-11 21st Street, a condo building that began sales in February 2010 to little fanfare, and now finds itself up for sale for $23 million. Says the brokerbabble, "Great Opportunity to purchase a brand new luxury condominium building, with near term 'highest and best use' as a high end income producing rental property." How far they've fallen: when it came on the market, units at 30-11 21st Street were once asking as much as $1,049,000. StreetEasy shows one unit in contract, a $579,000 2BR. Will this one have better luck as a rental?
· Listing: 30-11 21st Street [Weichert]
· Plaza 21 coverage [Curbed]