REAL ESTATE REPORT: Rents in two Queens nabes rose faster than city average BY LIAM LA GUERRE THE COURIER/Photo by Liam La Guerre [email protected] Homes in Jamaica @LiamLaGuerre Maybe “the rent is too damn high” in New York City. Rents throughout the fi ve boroughs rose 32 percent between 2002 and 2014, according to a report released Monday by the Community Service Society, an organization that tackles the issue of poverty in New York. The study is based on data from the U.S. Census Bureau and was created to “shed light on the important housing Sales in Queens HOMES – CO-OPS – CONDOS Listings and photos courtesy MLSLI NORTHWEST NORTHEAST SOUTHWEST SOUTHEAST ASTORIA FLUSHING RIDGEWOOD JAMAICA $400,000 & Under 43-33 48 St., Sunnyside Price: $374,900 Bed(s): 1, Condo Bath(s): 1 Broker: Mohammed El Goarany, Exit Realty First Choice $400,000 - $800,000 36-24 11th St., LIC Price: $749,000 Bed(s): 3, Semi-detached single-family Bath(s): 2 Broker: William Kokoris, Realty Executives Today $800,000 + More 22-28 26th St., Astoria Price: $975,000 Bed(s): 3, Attached two-family Bath(s): 3 Broker: Imran Khan, Realty Executives Today $400,000 & Under 54-44 Little Neck Pkwy., Little Neck Price: $125,000 Bed(s): Studio, Co-op Bath(s): 1 Broker: Ellen Vestrick, VENUE Real Estate Group $400,000 - $800,000 220-55 46th Ave., Bayside Price: $535,000 Bed(s): 2, Condo Bath(s): 2 Broker: Christopher Winchester, Pickman Realty Corp. $800,000 + More 30-22 149th St., Flushing Price: $869,000 Bed(s): 3, detached single-family Tudor Bath(s): 2.5 Broker: Po Wei Tair, RE/MAX Universal Real Estate $400,000 & Under 151-31 88th St., Howard Beach Price: $149,999 Bed(s): 2, Co-op Bath(s): 1 Broker: Damian Contreras, Century 21 American Homes $400,000 - $800,000 Address: 70-15 68th St., Glendale Price: $485,000 Bed(s): 3, Attached single-family Bath(s): 2 Broker: Robert Kueber, Coldwell Banker Kueber Realty $800,000 + More 60-32 Catalpa Ave., Ridgewood Price: $1,200,000 Bed(s): 8, Attached multi-family townhouse Bath(s): 3 Broker: Suzanne Cernuda, Century 21 Best Inc. $400,000 & Under 193-21 109th Ave., St. Albans Price: $300,000 Bed(s): 3, Detached single-family Bath(s): 2 Broker: Duwayne Garth, Keller Williams Realty Landmark $400,000 - $800,000 88-52 195 Pl., Hollis Price: $745,000 Bed(s): 7, Detached single-family Bath(s): 3 Broker: Emmanuel Babyev, Charles Rutenberg Realty Inc. $800,000 + More 184-09 Midland Pkwy, Jamaica Estates Price: $1,550,000 Bed(s): 4, Detached single-family Tudor Bath(s): 3.5 Broker: Elena Barayev, Exit Realty First Choice issues facing the New York State Legislature this year,” the report said. Namely those issues are the expiring laws for rent regulation and the 421-a tax abatement, which currently fosters some affordable housing by giving developers tax breaks for 20 percent of low-income units in their projects. The state has a deadline until June 15 to renew the laws and make reforms. The analysis of the past dozen years shows that two Queens neighborhoods surpassed the citywide average. Rents jumped 36 percent in Astoria and 35 percent in Jamaica in 12 years, the study said. Surprisingly, Long Island City and Ridgewood weren’t over the citywide average although rent rates have changed dramatically in those areas as well. The rental information for different neighborhoods was collected from tenants who have recently moved. “In order to sensitively assess the changing state of the housing market in different neighborhoods, CSS focused on the rents being paid by tenants who have recently moved,” the report said. “This eliminates the tendency of lower rents paid by longtime tenants to smooth out market changes and mask the changes that affect tenants who are looking for a place to live.” During the 12-year period, rents in Central Harlem rose 90 percent and those in Bedford-Stuyvesant in Brooklyn rose 63 percent, making them the neighborhoods where rent rose the most citywide, according to the report.
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