Despite unemployment numbers soaring, the buyers and renters targeted in these new developments tend to have more job security, she said. Prices at the tower range from about $680,000 for studios as small as 450 square feet to $4 million for a high-floor three-bedroom; the penthouse prices have not been revealed. But use of the shared amenities will depend on state guidance for at least the next several months, if not longer. Gary Hirshfield, a 58-year-old ophthalmologist who works in Queens, moved with his wife, Stacey Kruger, also an ophthalmologist, into a three-bedroom penthouse at Galerie, a nearby condo project, at the end of 2019. He still believes in the value of the project, but doesn’t know when he’ll feel safe enough to use the gym again.

Source: New York Times July 03, 2020 09:00 UTC