30 FEBRUARY 20, 2020 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Weak sales market boosts rental market in NW Queens: Report
BY JACOB KAYE
JKAYE@SCHNEPSMEDIA.COM
@QNS
To rent or to buy? That is the question.
New data suggests that renting may be the answer — at least,
in northwest Queens.
According to a report from Douglas Elliman, there was a year over
year decline in new lease signings in the past six months in neighborhoods
like Long Island City and Astoria. This suggests that landlords
have been more successful in retaining their tenants and getting them
to resign their leases, according to Jonathan Miller, the president and
CEO of Real Estate Appraisers & Consultants, the group that prepared
the report.
In addition to the decline in lease signings, the Elliman report found
that the median rent of studio, one-bedroom, two-bedroom and threebedroom
apartments increased in northwest Queens for third time
in four months. According to Miller, rising rents oft en happen in
conjunction with a weaker sales market.
Of all the types of apartments available for rent, three-or-morebedroom
apartments saw the biggest increase in rental price, according
to the report. In January 2019, the median rental price for such an
apartment was $3,248. In January 2020, the rental price increased to
$4,066, or by about 25 percent.
The sales and rental market in Queens didn’t diff er much from the
market in Manhattan and Brooklyn in January, according to the report.
New leases declined in both Brooklyn and Manhattan, as well.
Courtesy of Hunters Point Parks Conservancy
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Himrod Street
Listings selected at random. Courtesy MLS
Under $600,000
63-34 Fresh Pond Road
$549,750
Condo
1 bedroom, 1 bathroom
Tomasz Smolinski, Omega Rally of
Greenpoint LLC
$600,000-$1,000,000
60-14 Putnam Ave.
$915,000
multi-family
5 bedroom, 2 bathroom
Joseph Crifasi, Crifasi Real Estate
Inc.
Over 1,000,000
1706 Himrod St.
$1,750,000
multi-family
12 bedrooms, 7 bathrooms
Daniela Miller, Berkshire
Hathaway
64th Street 56th Avenue 60th Drive
Under $600,000
76-08 69th Pl.
$549,000
Condo
2 bedrooms, 2 bathrooms
Joseph Guidici, Century 21 Amiable
Realty Group II
$600,000-$1,000,000
71-16 69th Pl.
$959,000
Multi-Family
5 bedrooms, 2 ½ bathrooms
Jaroslaw Kaszuba, Exit All Seasons
Realty
Over $1,000,000
69-41 64th St.
$1,450,000
Multi-Family
5 bedroom, 3 bathrooms
Roseann Bisconti, Century 21
American Homes
Under $600,000
52-15 65th PI.
$399,000
Co-op
2 bedrooms, 1 bathroom
Jaroslaw Kaszuba, Exit All Seasons
Realty
$600,000-$1,000,000
53-71 61st St.
$990,000
Single-Family
Oscar Cervone, Douglass Elliman
Real Estate
Over $1,000,00
61-49 56th Ave.
$1,690,000
Multi-Family
8 bedrooms, 6 bathrooms
Jaroslaw Kaszuba, Exit All Seasons
Realty
Under $600,000
66-59 71st St.
$486,888
Condo
1 bedroom, 1 bathroom
Silvia Corrales, Keller Williams
Landmark II
$600,000-$1,000,000
62-29 62nd Road
$999,000
Multi-Family
5 bedroom, 2 bathrooms
Michael Fudugbagbe, New York
Royal Realty Corp
Over $1,000,000
85-17 60th Dr.
$1,999,000
Multi-Family
6 bedrooms, 3 ½ bathrooms
Shelia Miles, Prime Realty
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