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Astoria Market Reports; NYC's Worst Landlord is No More

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ASTORIA?Modern Spaces released a fourth quarter market report for Astoria, and the neighborhood is starting to see an increase in luxury condos and apartment buildings, thanks to spillover from neighboring Long Island City. Condo prices are increasing, with the average apartment selling for more than $600,000, and rental units are sitting on the market for just 14 days before leasing for an average of $52/square foot. [CurbedWire Inbox; official]

THE BRONX?College Management topped public advocate Bill de Blasio's list of the worst landlords in New York City, but their reign of terror is coming to an end. Three of College Management's buildings were sold to a new firm, Banana Kelly/Wavecrest, on Wednesday, and the new management is committed to rehabilitating the buildings. Under the College, the buildings saw more than 700 infractions, ranging from lack of heat to toxic mold and rodent infestations. [CurbedWire Inbox]