26 JANUARY 5, 2017 RIDGEWOOD TIMES WWW.QNS.COM Two Queens communities are among the hottest in NYC: report Ridgewood Times Rental Guide Listings selected at random. Courtesy MLSLI RIDGEWOOD Norman Street 60th Lane 73rd Street- 79th Street 1-bedroom 481 Fairview Ave. $1,650 Modern kitchen, close to transportation Denise Grigorakos Douglas Elliman Real Estate 2-bedroom 1670 Norman St. $2,500 Plenty of closets, parking available Elizabeth Dryjas Charles Rutenberg Realty 3-bedroom 60-88 69th Ave. $2,980 Convenient location, large patio Jeong Min Yim RES Queens LLC GLENDALE 1-bedroom 66-15 Myrtle Ave. $1,400 Effi ciency kitchen, hardwood fl oors Michael Jacobson Keller Williams Realty Gold Coast 2-bedroom 72-27 60th Ln. $2,000 Brand-new construction, pet-friendly Irene Biasi JB & Associates Corp. 3-bedroom 69-32 64th Pl. $2,150 Newly renovated, $2,300 deposit required Zeljko Dubroja Winzone Realty Inc. MASPETH 2-bedroom 61-38 56th St. $2,200 Full bath and office space, yard access Jaroslaw Kaszuba Exit All Seasons Realty 2-bedroom 52-15 73rd St. $1,800 Utilities and parking space included Liliana Chan Keller Williams Realty Landmark 3-bedroom 57-29 58th Pl. $2,500 Newly renovated, pet friendly Ha Lam East Coast Realtors MIDDLE VILLAGE 1-bedroom 75-12 Metropolitan Ave. $1,200 Eat-in kitchen, heat & water included Hsiu Chiu Perfect Group Realty 2-bedroom 66-70 79th St. $2,300 Mint condition, close to shops Patricia Zielinski Charles Rutenberg Realty 3-bedroom 77-25 66th Dr. $2,250 Newly renovated, comes with washer & dryer Donna Russo DiCesare Russo Realty Properties BY ANGELA MATUA AMATUA@QNS.COM/@ANGELAMATUA StreetEasy‘s annual list ranking the city’s top 10 hottest neighborhoods is dominated by Brooklyn, but two Queens neighborhoods made the list this year. The real estate listing site looked at four factors to put the list together, including the annual change in sales and rent price, recent population growth and annual change in StreetEasy page views per listing. Bayside was fi ft h on the list while Astoria fi lled the 10th spot. In Bayside, the median sales price for a home in 2016 was $438,000, while the median rent price was $2,250. Astoria’s median sales price was signifi - cantly higher at $795,000. The median rent price for an apartment was $2,295. In her analysis, StreetEasy economist Krishna Rao predicted that more people will turn to home ownership in 2017 since rents will continue to outpace income growth. So it’s not surprising that more suburban neighborhoods like Bayside made the list. “The minimum wage is increasing and incomes are inching upwards, but it’s an uphill battle when rents are already so high across the city,” Rao said. “For those who have saved for a down payment, we expect to see more people – especially millennials – taking advantage of a slowing sales market and buying homes as rents continue to rise.” Queens rents increased 4.1 percent year-over-year to $2,870 this November, outpacing both Manhattan and Brooklyn. Rents in the borough are expected to continue increasing by 2.4 percent over the next year, followed by Manhattan (2 percent) and Brooklyn (1 percent). Other neighborhoods such as Kingsbridge in the Bronx and Yorkville in Manhattan made the list, partly due to the addition of the Second Avenue subway line, according to Rao. With changes in transportation like the 7 train extension to Hudson Yards and the upcoming L train shutdown and M train repairs, buyers and renters will take these factors into consideration when choosing where to live. “This year’s list is all about the trade-offs New Yorkers are willing to make, whether that means extending your search by one neighborhood in exchange for a nearby park, or extending your commute to find a single-family home,” Rao said. REAL ESTATE
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