34 JANUARY 17, 2019 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Ridgewood & Forest Hills see slight rent increases in 2018: report
BY EMILY DAVENPORT
EDAVENPORT@RIDGEWOODTIMES.COM
A new report found that prices
for rentals throughout the
“World’s Borough” have increased
across the board.
MNS Real Estate released their Year
End Market Report for Queens, which
tracks the price trends for rentals
throughout the borough. While their
recent monthly report found that rental
prices were dropping in December,
their 2018 Year End Report found that
average rental prices had increased
overall during 2018.
Last year, according to the report,
Queens saw price increases across all
rental unit types, with average prices for
studio apartments raising from $1,781 to
$1,827 (+2.6 percent), one-bedrooms raising
from $2,110 to $2,140 (+1.4 percent)
and two-bedrooms raising from $2,659
to $2,701 (+1.6 percent).
Overall, Long Island City saw a 6.3
percent increase in average rental
prices throughout 2018. MNS partially
attributes the increase to the number
of luxury apartments that were introduced
to the neighborhood last year as
well as Amazon’s intentions to bring
their HQ2 to Long Island City.
Other neighborhoods that saw
average rental price increase were
Ridgewood (+0.7 percent), Rego Park
(+1.81 percent), Forest Hills (+2.86
percent), and Jackson Heights (+1.38
percent). Astoria and Flushing each
saw average rental price decreases in
2018, dropping down by 1.02 percent
and 2.08 percent, respectively.
The largest average price changes for
one-bedroom and two-bedroom units
were both found in Long Island City,
which increased by 5.26 percent and 9.11
percent, respectively. Rego Park had the
largest change for studio apartments,
increasing 7.41 percent overall.
According to the report, MNS believes
that Queens will benefi t from
the increased attention not just from
renters and developers, but from
entire industries and multi-national
corporations.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD
Hart St. 72nd Street 70th Street 63rd Street
Under $600,000
53-24 Metropolitan Ave., Ridgewood
$558,000
Condo
2 bedrooms, 1 bathroom
Malgorzata Pieniadz, Realty By
The Park
$600,000-$1,000,000
17-13 Hart St., Ridgewood
$840,000
Tudor
3 bedrooms, 2 bathrooms
Robert Napolitano, Agata Landa,
Capri Jet Realty Corp.
Over $1,000,000
60-13 68th Ave., Ridgewood
$2,200,000
Two-family 2-Story
5 bedrooms, 3 bathrooms
Calogero Terrasi, Summer Rose
Realty Group Inc.
MIDDLE VILLAGE
Under $600,000
69-06 78th St., Middle Village
$539,000
2-Story
3 bedrooms, 2 bathrooms
David Keuber, Coldwell Banker
Kueber Realty
$600,000-$1,000,000
64-29 72nd St., Middle Village
$610,000
Ranch
3 bedrooms, 2 bathrooms
Jorge Navas, Winzone Realty Inc.
Over $1,000,000
63-01 71st St., Middle Village
$1,088,000
Contemporary
3 bedrooms, 3 bathrooms
Louis Pastorini, Coldwell Banker
Phillips
GLENDALE
Under $600,000
76-08 69th Pl., Glendale
$569,000
Condo
2 bedrooms, 2 bathrooms
Anna Jargilo, Wioletta Bednarczuk,
Exit All Seasons Realty
$600,000-$1,000,000
72-24 72nd Pl., Glendale
$700,000
Colonial
3 bedrooms, 3 bathrooms
Marissa VanWinckle, NY Metro
Realty Group Ltd
Over $1,000,000
70-32 70th St., Glendale
$1,450,000
Two-family Colonial
5 bedrooms, 4 bathrooms
Ronald Ferrara, Keller Williams
Landmark II
MASPETH
Under $600,000
52-54 65th Pl., Maspeth
$329,000
Co-op
2 bedrooms, 1 bathroom
Jordan Donner, Landmark International
R E LLC
$600,000-$1,000,000
53-56 63rd St., Maspeth
$915,000
Tudor
3 bedrooms, 3 bathrooms
Lucy Lu, Landmark International
RE LLC
Over $1,000,000
54-36 72nd St., Maspeth
$1,575,000
Two-family 2-Story
6 bedrooms, 3 bathrooms
Marek Sobolewski, Trademarko
Realty Inc
File photo/RIDGEWOOD TIMES
A row of Mathews Flats apartment houses in Ridgewood
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