34 FEBRUARY 21, 2019 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
R’wood. among top 5 Qns. areas for real estate listings
BY EMILY DAVENPORT
EDAVENPORT@QNS.COM
@QNS
A new report found that Queens
had a very active year in real
estate this past year.
Ariel Property Advisors recently
released their Queens 2018 Year-
End Sales Report. According to
their fi ndings, Queens experienced
619 transactions that comprised
of 779 properties, totaling $4.76
billion, marking a 7 percent increase
from 2017.
Following Amazon’s original
announcement for the HQ2 plans,
interest grew in throughout the
borough, particularly in the
northwest area. The report found
that the northwest section of
Queens led the borough in terms of
activity, accounting for 75 percent
of dollar volume and 60 percent of
transaction volume.
Year-over-year, the multi-family
market increased 51 percent in dollar
volume and 10 percent in transaction
volume. The report found that the
top fi ve neighborhoods with the most
File photo/Shutterstock
amount of multi-family listings in
Queens were Long Island City (69),
Astoria (57), Flushing (48), Jamaica (46)
and Ridgewood (46).
However, overall the volume of
multi-family units for sale decreased
seven percent year-over-year. Price
per square foot fell to $365 in 2018
from $371 in 2017.
The report found that commercial
assets saw an increase in pricing,
marking a 33 percent increase in the
average price per square foot from
$537 to $714, year-over-year. Ariel
Property Advisors cites prime retail
in Flushing contributed to the higher
pricing, including the purchase of 136-
16 Roosevelt Ave., a single tenant asset,
by Great World Realty from Wharton
Properties. The property was sold
for over $4,000 per square foot and is
adjacent to New World Mall.
Development, industrial, and garage
assets were active in 2018. Combined,
they yielded more activity across the
board, with a 19 percent increase in
dollar volume, 15 percent increase in
transaction volume and a 24 percent
increase in property volume yearover
year.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Fresh Pond Road Myrtle Avenue Caldwell Avenue 65th Street
Under $600,000
61-20 71st Avenue
$599,000
Condo
1 bedroom, 1 bathroom
Jaroslaw Kaszuba
Exit All Seasons Realty
$600,000-$1,000,000
746 Onderdonk Avenue
$999,000
2-family home
4 bedrooms, 3 bathrooms
Fabiana Reyes
Keller Williams Landmark II
Over $1,000,000
68-35 Fresh Pond Road
$2,400,000
Mixed-use building with storefront
6 bedrooms, 2 full-baths, 2 halfbaths
Gobinda Lama
Prime America Real Estate
Under $600,000
90-60 Union Turnpike
$385,000
Co-op
2 bedrooms, 1 bathroom
Christos Tsouratakis
Laff ey Real Estate
$600,000-$1,000,000
72-30 Myrtle Avenue
$875,000
2-family townhouse
5 bedrooms, 3 bathrooms
Andrew Markowitz
Andrew J. Markowitz Real Estate
LLC
Over $1,000,000
78-49 81st Street
$1,350,000
3-family traditional
7 bedrooms, 3 bathrooms
Joseph Guidici
Century 21 Amiable Realty Group II
Under $600,000
52-54 65th Place
$329,000
Co-op
2 bedrooms, 1 bathroom
Jordan Donner
Landmark International Real
Estate
$600,000-$1,000,000
72-28 Caldwell Avenue
$859,000
1-family ranch
3 bedrooms, 1 bathroom
Corina OiKam Chan
Century 21 American Homes
Over $1,000,000
61-27 56th Avenue
$1,788,000
2-family home
6 bedrooms, 5 bathrooms
Nelly Andrushenko
Power Realty
Under $600,000
69-08 78th Street
$499,000
1-family home
3 bedrooms, 1 ½ bathrooms
David Kueber
Coldwell Banker Kueber Realty
$600,000-$1,000,000
61-44 65th Street
$749,000
2-story home
3 bedrooms, 1 full-bath, 2 half-baths
Neal Modi
RE/MAX Frontier
Over $1,000,000
58-16 83rd Place
$1,300,000
2-family Colonial
5 bedrooms, 3 bathrooms
Thomas Vastola
Eliot Hill Realty
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