I think in the long term that condo will have value. Queens is reasonably priced and a decent commute to Manhattan. My suspicion is long term, it will be commut

I think in the long term that condo will have value. Queens is reasonably priced and a decent commute to Manhattan. My suspicion is long term, it will be commute time that dictates housing prices. (Look at cities in Europe, where there's excellent public transit - the "nice" areas are downtown, and the "slums" or "rough" areas are often in the burbs.