QNE_p075

QC03022017

REAL ESTATE NYC is the second most expensive place to rent in U.S.: report BY SUZANNE MONTEVERDI smonteverdi@qns.com @smont76 A recent real estate study confi rmed what many Queens residents already know to be true: New York City is an expensive place to rest your head. A “Rental Aff ordability Index” report conducted by Nested named NYC the second most expensive city in the entire country to rent a place to live — bested only by San Francisco, CA, where the monthly rental cost for a single person averages just over $2,000. Additionally, when compared with 72 other major cities worldwide, New York City still takes the No. 2 slot. According to the study, New Yorkers spend an average of $4.75 per square foot of rental space. Th e average monthly rent for a single person in NYC clocked in at $1,994, and the annual income needed to aff ord to rent a place on your own is over $82,000, according to the study. Additionally, the numbers nearly double when it comes to four-person families, who spend an average of $3,783.51 a month on rent and need to make at least $156,559 to aff ord this cost of renting. Nested’s study is one in a series of recent real estate reports that paint an alarming picture of the cost of living for Queens residents. A study conducted late last year reported that the average person in Queens has to pay a whopping 83.7 percent of their income to be able to buy median housing throughout the borough. Additionally, pricing in many Queens neighborhoods fall well above Nested’s reported average, according to other fi ndings. A study by PropertyShark placed a total of 12 Queens neighborhoods on a list of the top 50 priciest in New York City for 2016. Th ough the list was dominated by expensive Manhattan locales, Queens’ high-priced Forest Hills Gardens made the top 10. Also coming in on the list were neighborhoods of Flushing, Long Island City and Whitestone. To view the full list of the top 10 most expensive cities to rent in the country, visit nested.com Sales in Queens HOMES  COOPS  CONDOS Listings and photos courtesy MLSLI NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST BAYSIDE ASTORIA QUEENS VILLAGE FOREST HILLS Under $500,000 252-07 63rd Ave., Little Neck $159,000 Co-op 1 bedroom, 1 bathroom Maureen Ramsbottom Maureen Folan Real Estate Group $500,000-900,000 29-08 Jordan St., Flushing $788,000 1-family Tudor 3 bedrooms, 2 bathrooms Jane Gao Century Homes Realty Group Over $900,000 214-11 45th Rd., Bayside $938,888 1-family Colonial 3 bedrooms, 2 bathrooms William Liu East Coast Realtors Under $500,000 51-42 30th Ave., Woodside $260,000 Co-op 1 bedroom, 1 bathroom Geraldine McKeon Keller Williams Landmark II $500,000-900,000 32-86 41st St., Astoria $725,000 Condo 1 bedroom, 1 bathroom Bianca Colasuonno NY Space Finders Inc. Over $900,000 37-33 11th St., Long Island City $1,498,000 2-family home 4 bedrooms, 2 bathrooms Alba Vollo Century Homes Realty Group Under $500,000 89-92 221st St., Queens Village $499,000 1-family Colonial 4 bedrooms, 1 full-bath, 2 half-baths Teodora Gomez ERA/Top Service Realty Inc. $500,000-900,000 172-14 90th Ave., Jamaica $799,000 2-family Colonial 6 bedrooms, 3 bathrooms Haimraj Persaud Guidance Realty Homes LLC Over $900,000 88-11 Pontiac St., Bellerose $1,149,000 3-family Colonial 8 bedrooms, 5 bathrooms Monira Chowdhury Winzone Realty PICTURED LISTING Under $500,000 66-83 70th St., Middle Village $389,000 Condo 1 bedroom, 1 bathroom Jaroslaw Kaszuba Exit All Seasons Realty $500,000-900,000 155-43 100th St., Howard Beach $550,000 1-family high ranch 4 bedrooms, 2 bathrooms Pasquale Fecentese Exit Realty Central Over $900,000 69-33 110th St., Forest Hills $2,659,000 1-family high ranch 3 bedrooms, 2 full-baths, 3 half-baths Alla Yakubov NY Empire Real Estate Photo via Wikimedia Commons/ALT55


QC03022017
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