30 FEBRUARY 7, 2019 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Report: Ridgewood average rents jumped in January
BY EMILY DAVENPORT
EDAVENPORT@QNS.COM
A recent report found that rental
units in Queens saw slight increases
in the new year.
MNS Real Estate released their January
2019 Rental Market Report, which
took a look at the trends in real estate
rental prices throughout January.
According to the report, average
rental prices in January 2019 increased
from $2,202.98 to $2,210.32, marking a
0.33 percent increase from December
2018. Compared to January 2018, average
rental prices have increased 1.67
percent year-over-year.
Compared to December 2018, average
rental prices for studios in January 2019
decreased from $1,834.60 to $1,783.31.
Average rental prices for one-bedroom
units increased from $2,094.52
to $2,117.10 and two-bedroom units
increased from $2,679.83 to $2,681.02.
Flushing and Ridgewood each
saw the largest increases in average
prices for one-bedroom units during
January 2019, raising 5.2 percent and
4.3 percent, respectively. The largest
decreases in average prices for studio
units were found in Jackson Heights
and Long Island City, decreasing 9.9
percent and 4.3 percent, respectively.
Neighborhoods that saw overall
increases in their average rental prices
in January 2019 were Ridgewood,
Flushing and Rego Park, which saw
a 7.9 percent, 1.88 percent and 0.93
percent increase. MNS Real Estate
attributes Ridgewood’s increase to
the lack of studio apartments on the
market, causing the average price to
increase more than usual.
The neighborhoods that saw
decreases in rental prices overall
included Astoria (-0.10 percent), Long
Island City (-2.13 percent), Forest Hills
(-1.74 percent) and Jackson Heights
(-2.11 percent).
The report found that despite the
decrease in rent prices, Long Island
City had the most expensive studio,
one-bedroom and two-bedroom units
in January 2019, with prices averaging
$2,435, $3,087 and $4,081 respectively.
While Ridgewood had the least expensive
two-bedroom units with prices
averaging $2,265 in January, Jackson
Heights had the least expensive
studios and one-bedroom units, with
pricing averaging $1,399 and $1,753
respectively.
Read the full report at www.mns.
com/queens_rental_market_report.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD:
Woodbine Street 86th Street 58th Road Penelope Avenue
Under $600,000
53-24 Metropolitan Avenue
$558,000
Condo
2 bedrooms, 1 bathroom
Malgorzata Pieniadz
Realty By The Park
$600,000-$1,000,000
2036 Himrod Street
$950,000
Multi-family home
7 bedrooms, 2.5 bathrooms
Durwin Fernandez
Keller Williams Rlty Landmark
Over $1,000,000
64-43 Woodbine Street
$1,200,000
Duplex
3 bedrooms, 3 bathrooms
Maryanne Hargadon
Douglas Elliman Real Estate
GLENDALE:
Under $600,000
90-60 Union Turnpike
$395,000
Co-op
3 bedrooms, 1.5 bathrooms
Michal Marek
Keller Williams Landmark II
$600,000-$1,000,000
77-14 86th Street
$768,000
Colonial
3 bedrooms, 3 bathrooms
Anthony Reardon
Eliot Hill Realty Inc.
Over $1,000,000
71-08 72nd Street
$1,399,000
Multi-family home
9 bedrooms, 3 bathrooms
Jaroslaw Kaszuba
Exit All Seasons Realty
MASPETH:
Under $600,000
52-60 65th Place
$365,000
Co-op
2 bedrooms, 1 bathroom
Elzbieta Mroz
Donna Demkowicz R E Corp
$600,000-$1,000,000
59-25 58th Road
$849,000
Colonial
3 bedrooms, 2 bathrooms
Vincent O Connell
RE/MAX Team
Over $1,000,000
68-07 59th Drive
$1,099,000
Multi-family home
6 bedrooms, 3 bathrooms
Suzanne Dvir
Infi niti Homes LLC
MIDDLE VILLAGE:
Under $600,000
61-06 82nd Street
$599,000
1-family home
3 bedrooms, 1.5 bathrooms
Chung Kit Cheung
Winzone Realty Inc.
$600,000-$1,000,000
57-46 75th Street
$619,000
1-family home
3 bedrooms, 1 bathroom
Lawrence Caruana
Tscherne Realty Inc.
Over $1,000,000
75-12 Penelope Avenue
$1,398,000
1-family home
4 bedrooms, 2.5 bathrooms
Andrew LaSala
Crifasi Real Estate Inc.
RIDGEWOOD TIMES/File photo
/WWW.QNS.COM
/www.mns
link
/www.mns
link
