St John's Hospital nearby is being developed into luxury housing.
What's available for sale in Queens.
The Queens Boulevard building will begin leasing residential and commercial space "soon," a report says.
The average sales price of a Queens home was $429,544 in the 1st quarter of 2014.
The home in the area's historic district sold for $940,000, more than $300,000 higher than the average.
Real estate prices and demand are up in west Queens.
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