Glad someone mentioned the projects, although they are not terribly bad. Boulevard Gardens is cheap because there is nothing hip around. It is a good area to live in, if you don't expect sidewalk cafes. The area has tons of shopping, like Home Depot, the big blue appliance store whose name skips me, modells, but nothing unique or catchy. No, the area will not suddenly become hip, simply because many of those businesses are not leaving- the same taxi garage I worked at 11 years ago is still there. Also, this area has no abandoned buildings that attract the artist type a la Williamsburg 10 years ago. The area won't go down much either, since the area tends to attract hard working immigrants who keep their kids in check. Parking, is a little difficult, as many of the two family homes have illegal garage appartments. Schools, naturally, are overcrowded, but not bad. The commute to Manhatten is easy, and will get easier when the Eastside Access at Woodside comes in, although that is a long walk away.
Bottom line? For maybe 25k-50k more, I would look for an equivalent 1 Bedroom in Forest Hills, which has no projects, is more architectually appealing, has an equivalent commute and parking problem, and better schools. Yeah, you will pay more, but you won't eventually view your apartment as simply a place to park your head at night.
Oh, and that skyline view of Manhatten: it might get a little obscured with all the upcoming development in LIC.