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Explore Corona Neighborhood in New York City

Real Estate New Developments

General Information

Corona is a vibrant and diverse neighborhood located in the central part of Queens, New York. Known for its rich cultural heritage, the area has long been a hub for immigrant communities, especially Latinx, Caribbean, and South Asian populations. This diversity is reflected in the neighborhood's bustling streets, with numerous restaurants, shops, and markets offering authentic international cuisine and goods. Corona is also home to a number of parks and green spaces, including the expansive Flushing Meadows-Corona Park, which houses the iconic Unisphere and hosts a variety of recreational activities and events. The neighborhood offers a mix of urban convenience and suburban tranquility, making it appealing to families, young professionals, and newcomers to the city. With its convenient access to public transportation and proximity to major attractions like Citi Field, home of the New York Mets, Corona is a neighborhood that provides both a sense of community and the hustle and bustle of city life.

Real Estate Information

The real estate market in Corona consists of a mix of housing types, including multi-family homes, apartment buildings, and single-family houses. The area is known for offering relatively affordable housing compared to other parts of Queens and New York City, making it an attractive option for first-time homebuyers and renters looking to live in a diverse and accessible neighborhood. Many of the homes in Corona are older, featuring traditional brick and wood-frame architecture, though there are also newer developments and luxury rental units in the area. As the neighborhood has gentrified in recent years, property values have steadily increased, especially along the more commercialized corridors. However, Corona still retains its reputation for being one of the more affordable areas in Queens. The proximity to Flushing Meadows-Corona Park, major transportation hubs, and local shopping districts adds to the appeal of living in the neighborhood, which continues to attract a mix of long-term residents and newcomers.

Historical/Interesting Facts

Corona’s history dates back to the 19th century when it was originally farmland and part of the larger town of Newtown. It began to develop in the late 1800s as a suburban area and saw significant growth in the early 20th century with the arrival of the elevated train and later the subway, which connected the neighborhood to Manhattan and other parts of Queens. Corona became a working-class neighborhood, with many Irish, Italian, and German immigrants settling there in the early years. After World War II, the neighborhood began to see waves of migration from Puerto Rico, the Dominican Republic, and other Latin American countries, transforming the area into a predominantly Latinx community. In the latter half of the 20th century, the neighborhood became known for its vibrant street life, multicultural festivals, and lively atmosphere. Today, Corona is a melting pot of cultures and traditions, and its rich history of immigration continues to shape the character and spirit of the community. The neighborhood is also home to several historical landmarks, including the Queens Botanical Garden and the Louis Armstrong House Museum, paying homage to one of the greatest jazz musicians, who lived in Corona for much of his life.

Properties Statistics

Total Properties

1

Median Asking

$1,298,000

Average Home Age

100 years

Based on results from 1 properties

Buildings in this Sector

FAQ about Corona