Real Estate BY ANGELA MATUA
In Demand
These three Queens neighborhoods are among
the most ‘in demand’ in NYC’s real estate market
www.qns.com i LIC COURIER i FEBRuary 2017 15
Queens residents have increasingly
witnessed their neighborhoods make
headlines for become the next “it” place
for renters and buyers, and three borough
Photo courtesy of Shutterstock
neighborhoods are on a new list.
PropertyShark interviewed real estate
professionals to gauge which neighborhoods
would see an influx of interest
from buyers and investors and compiled
a list of the 12 hottest neighborhoods
in New York City this year. There were
203 respondents who are residential
brokers, investors and appraisers.
Long Island City and Astoria were
numbers 8 and 9 on the list, respectively.
The median sales price for a home in
Long Island City in 2016 was $825,000,
making it the second most expensive
neighborhood on the list next to the
Upper East Side.
In Astoria, the median sales price
in 2016 for a home was $620,000.
Astoria made another list of hottest
neighborhoods in NYC in 2017. StreetEasy
featured Astoria 10th on its list of
top 10 neighborhoods this year.
Real Estate professionals also recommended
that first-time home buyers
head to Jamaica. According to Trulia,
the median sales price for a home in
Jamaica in 2016 was $418,500. At a
real estate conference hosted by QNS
in 2016, Queens Borough President
Melinda Katz cited the neighborhood as
one of the areas that has seen an influx
of development in the last few years.
About 74 percent of responders said
it’s a smarter choice to purchase a home
rather than rent in 2017.
“The market is poised for another
record-breaking year for buyers – investors
as well as first-timers,” said
Dennis Cotto, salesperson at Keller
Williams NYC.
