REAL ESTATE
LIC and Astoria rental prices take a dip since last year, report says
BY ANGELA MATUA
amatua@qns.com / @AngelaMatua
Rental prices in several western Queens
residents have dropped in the past year,
according to a report by a real estate brokerage
Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
WHITESTONE WOODSIDE QUEENS VILLAGE HOWARD BEACH
Under $500,000
242-15 61st Ave., Douglaston
$269,000
Co-op
2 bedrooms, 1 bathroom
Stephanie Belanich
Keller Williams Realty Landmark
$500,000-900,000
45-52 215th Place, Bayside
$899,000
1-family Tudor
3 bedrooms, 2 ½ bathrooms
Min Yoon
East Coast REALTORS
Over $900,000
154-37 Riverside Drive, Whitestone
$1,390,000
1-family high ranch
4 bedrooms, 3 bathrooms
Guorong Zhang
Winzone Realty
Under $500,000
33-27 91st St., Jackson Heights
$368,000
Co-op
2 bedrooms, 1 ½ bathrooms
Jianfeng Yao
Yaos Realty
$500,000-900,000
69-19 49th Ave., Woodside
$798,888
2-family contemporary
4 bedrooms, 2 full-baths, 1 half-bath
Stalin Caso
Area Realty of NY
Over $900,000
25-37 45th St., Astoria
$1,350,000
2-family home
5 bedrooms, 2 full-baths, 1 half-bath
Marius Rungo
Bouklis Group Marketing Corp
Under $500,000
108-16 221st St., Queens Village
$499,000
1-family Colonial
3 bedrooms, 2 bathrooms
Melissa Gomez
ERA/Top Service Realty
$500,000-900,000
248-54 88th Drive, Bellerose
$629,900
1-family Colonial
3 bedrooms, 2 bathrooms
Frank Loccisano
Diana P Duarte Realty Corp
Over $900,000
84-09 164th St., Jamaica
$1,059,000
2-family Colonial
5 bedrooms, 3 bathrooms
Ferdous Khan
Century 21 American Homes
Under $500,000
72-81 113th St., Forest Hills
$459,000
Co-op
2 bedrooms, 1 bathroom
JoniRose Jankie
Daniel Gale Associates
$500,000-900,000
60-58 71st St., Maspeth
$759,000
1-family Colonial
3 bedrooms, 1 ½ bathrooms
John Lombardi
Crifasi Real Estate
Over $900,000
164-41 86th St., Howard Beach
$925,000
1-family high ranch
4 bedrooms, 3 bathrooms
Maria Trinceri
Century 21 Amiable Realty Group II
fi rm.
MNS analyzed prices in studio, one- and
two-bedroom apartments in Long Island
City, Astoria, Rego Park, Forest Hills,
Flushing, Jackson Heights and Ridgewood
from May 2016 through May 2017.
According to the report, the average
price for a studio in these neighborhoods
is $1,838, the lowest its been since rents
were recorded last May. In October 2016,
the average price for a studio was $2,070.
Th e average one-bedroom apartment
would set you back approximately $2,089
now. In September 2016, the average price
was $2,297.
In May 2016, a two-bedroom apartment
cost $2,627 but in May 2017, the average
price was $2,508.
In Astoria, prices have seen a downward
trend since last May. Th e average price for
a two-bedroom apartment did increase
slightly in the past month from $2,479 in
April 2017 to $2,508 in May 2017, but is
still cheaper than the $2,627 in May 2016.
In Long Island City, where rental prices
have skyrocketed in recent years, prices
are also lower than they were last May.
Other neighborhoods, like Rego Park,
have also seen large reductions in average
rent prices. In May 2016, an average studio
rented out for $1,715 but in May 2017
that number was $1,528. Forest Hills also
saw drops in studio and one-bedroom
apartments but the price of two-bedroom
apartments has risen to $2,578 from
$2,447.
Th e average price of a one-bedroom
apartment in Flushing increased dramatically
from last year, jumping to $2,053
from $1,870. Th e average price of a
two-bedroom apartment also increased
while studio prices remained consistent.
Photo via Shutterstock
A real estate report found that rental prices in LIC and Astoria have dropped.
