REAL ESTATE
Want to purchase a home in these Queens neighborhoods? You may have to wait a while
BY ANGELA MATUA
amatua@qns.com
A recent article in Th e New York Times
examined the housing market in New
York City and found that in some neighborhoods
Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
FLUSHING SUNNYSIDE QUEENS VILLAGE MASPETH
Under $500,000
205-14 35th Ave, Bayside
$229,000
Co-Op
1 bedroom, 1 bathroom
Lorcan Malone & Patrick Wagner
Novus Realty Group
$500,000-$900,000
150-31 12th Ave, Whitestone
$599,000
Condo
2 Bedrooms, 2 Full Bathrooms
Charles Chul Chang & Hae Ryung Chang
Exit Realty Team
Over $900,000
143-31 Poplar Ave, Flushing
$1,388,888
1-family
4 bedrooms, 1 full bath 1 half bath
Timothy Ho
Keller Williams Realty
Under $500,000
59-11 Queens Blvd, Woodside
$289,000
Co-op
1 bedroom, 1 bathroom
Won Jong Choi & Jio Hong
East Coast Realty
$500,000-$900,000
10-63 Jackson Ave, Long Island City
$759,000
Condo
1 bedroom, 1 bathroom
Hua Xia
E Realty International
Over $900,000
48-40 40th Street, Sunnyside
$1,350,000
3-family colonial
6 bedrooms, 3 bathrooms
Th erese Sharkley
Coldwell Banker M&D
Under $500,000
92-57 Gettysburg Street, Bellerose
$478,000
1-family townhouse
3 bedrooms, 1 full bath/ 1 half bath
Hasmukh Shah
Laff ey Real Estate
$500,000-$900,000
89-88 VanDerveer Street, Queens Village
$565,000
1-family colonial. 3 bedrooms, 2 full bathrooms,
1 half bathroom
Gabriel Kashi
Keystone Realty USA
Over 900,000
141-23 Hoover Ave, Briarwood
$955,000
1-family. 3 bedrooms, 3 full bedrooms, 1
half bathroom
Inessa Rubinov
Exit Kingdom Realty
Under $500,000
89-43 88 Street, Woodhaven
$470,000
1-family
1 full bathroom, 1 half bathroom
Vasant Raja
Wing Fung Home Realty
$500,000-$900,000
68-05 59th Rd, Maspeth
$649,000
1 family
2 bedrooms, 2 bathrooms
Lisa Grassia
Exit Kingdom Realty
Over $900,000
95-21 93rd Street, Ozone Park
$1,198,000
2- family Victorian
6 bedrooms, 2 bathrooms
Luz Lopez
Century Homes Realty Group
of Queens, a house rarely
switches hands.
Partnering with StreetEasy, a real estate
search engine, the Times found that
Richmond Hill has a turnover rate of
just 9 percent, and that the southern section
of the neighborhood has a turnover
rate that is less than 1 percent. Th e
data comes from Department of Finance
records from 2010 through 2017.
According to the article, prospective
tenants who are interested in moving to
Richmond Hill and other low turnover
neighborhoods have a better chance of
fi nding a home if they know the local broker.
Some homeowners in Richmond Hill
are also against new residents destroying
historic aspects of the Victorian-style
buildings, making the process much more
selective.
Th e report also found that Ridgewood
had the second lowest turnover rate, with
only 3 percent of residential inventory
selling. Maspeth has a 4 percent turnover
rate, Glendale has a 5 percent turnover
rate and Astoria has a 6 percent turnover
rate.
Th e neighborhood with the highest
turnover rate is Forest Hills (29 percent),
as noted in Th e New York Times
story. Other neighborhoods where residential
inventory changes hands the most
include Glen Oaks Village (27 percent),
Rego Park (25 percent), Kew Gardens (24
percent) and Long Island City (24 percent).
Overall, the turnover rate in New York
City from 2010 through 2017 was 15 percent.
A recent report by the Real Estate Board
of New York found that Rego Park, Forest
Hills and Kew Gardens experienced a
24 percent increase in cooperative sales,
with 299 sales during the second quarter
of 2017.
Interestingly, neighborhoods that saw
the largest sales in one- to three-family
homes include Richmond Hill,
South Ozone Park and Woodhaven.
Collectively, the area saw a 46 percent
increase in home sales with 357 sales in
the second quarter compared to last year.
Photo via Modern Spaces
A study found that Richmond Hill has the lowest residential turnover rate in Queens.