The One Hyde Park development, sandwiched between one of London's most famous parks and the upmarket Knightsbridge neighborhood, has attracted buyers from more than 25 nationalities, said a spokeswoman for CPC Group, its developer.

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While Long Island City and the adjacent neighborhood of Astoria offer many attractions, including waterfront parks, museums and good restaurants, industrial heritage remains a vibrant part of the local identity.

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Nannette says it has a big yard and is in a very popular area, with great parks and excellent schools, but the neighborhood has a glut of houses for sale she estimates between 40 and 50.

NPR: Housing Woes Force Some Families to Split Up

The neighborhood is made up of one primary school, one junior high school, two Catholic churches, three parks and two farms.

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