'Rent-to-Own' in Astoria is difficult to find. However I have seen this happening in certain occasions at the Barclay Garden Condominiums in East Elmhurst (which neighbors Astoria). In certain cases tenants move in as renters and after a year or two they end up asking the owner if he/she are selling their property and end up agreeing on a sale transaction.... more
generally speaking, if its an FHA loan then the appraisal will transfer, if a conventional loan your applying for then you'll likely need another appraisal. Make sure and ask your 'new' lender upfront if the appraisal will transfer.