32 MARCH 1, 2018 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
New report says 29 percent of Queens residents fi nd their neighborhood ‘unaff ordable’
BY SUZANNE MONTEVERDI
SMONTEVERDI@QNS.COM / @SMONT76
While over one in four Queens
locals would call their
neighborhood unaff ordable,
residents of the “World’s Borough”
remain loyal to their hometown and
would recommend it to a friend, a
recent report found.
According to a “Housing and Moving
Trends Report” released by StreetEasy,
29 percent of Queens residents believe
their neighborhood is unaff ordable,
while 18 percent believe their house
or apartment to be unaff ordable — the
highest percentage in the fi ve boroughs.
A total 55 percent of Queens residents
surveyed felt that New York City
as a whole was unaff ordable, which
was also the highest out of the fi ve
boroughs.
StreetEasy attributed residents’
“negative perceptions” toward the
city’s aff ordability to the high cost of
homes on the marketplace. Median
asking rents on real estate websites
like StreetEasy are generally higher
than median rents reported by the
U.S. Census, which takes publicly subsidized
homes and units subject to rent
control into account.
In Queens, median market rent registers
at $2,200 while median contract
rent is $1,291. The diff erences are “likely
to help fuel New Yorkers’ perceptions
of an unaff ordable city,” the report says.
Still, the city has seen a “rapid rise” in
home prices and rents over the last two
decades, researchers noted.
In spite of feelings of unaff ordability,
StreetEasy found that Queens
residents are more willing to recommend
that a friend move to their own
neighborhood than to any other New
York City neighborhood: 56 percent
would recommend living in their
own neighborhood, while 48 percent
of locals would recommend living in
New York City in general.
On a citywide scale, nearly one in
three New Yorkers exceeded their
initial budget when purchasing or
renting their current residence and
homebuyers were more likely to overspend
than renters. Still, renters are
more likely to view cost of living in the
city negatively, with 52 percent calling
New York City unaff ordable compared
to 39 percent of homeowners.
While the report also found that
New Yorkers move oft en — 59 percent
of all New Yorkers under age 45 who
rent or own a home say they plan to
move in the next 12 months — they
oft en stay loyal to their borough. Of
those planning to move within the
next 12 months, 71 percent said they
would stay in their borough.
But Queens residents stay put more
than the average New Yorker: 70 percent
of Queens residents surveyed
said they had no plans to move. This
is the second-highest percentage,
behind Staten Island. Moves are
largely motivated by better deals or
rent stability.
Aff ordability is relative, says StreetEasy,
but New York City’s continued
success depends on ensuring homeowners
they will continue to be able to
aff ord the area’s housing costs. While
the city’s economic power makes it a
draw — researchers reference e-commerce
giant Amazon’s interest in the
city for its new headquarters as one
strong indicator — further growth
is “dependent on demonstrating to
current and future New Yorkers just
how much there is to love in the city
and assuring them that they will be
able to continue to reap the benefi ts
of living in such a dynamic place for
years to come.”
For the survey, StreetEasy gathered
information through an independent
research fi rm from 1,000 “key household
decision-makers” living in all fi ve
boroughs of New York City. View the
full report at www.streeteasy.com.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD
Greene Avenue 69th Place Grand Avenue 65th Lane
Under $600,000
2116 Greene Avenue
$495,000
Condo
2 bedrooms, 1 ½ bathrooms
Sameer Rastogi
Charles Rutenberg Realty
$600,000-$1,000,000
64-13 Shaler Avenue
$699,000
1-family townhouse
4 bedrooms, 2 bathrooms
Diego Sucuzhanay
Winzone Realty
Over $1,000,000
2131 Greene Avenue
$1,149,000
2-family home
4 bedrooms, 2 bathrooms
Jaroslaw Kaszuba
Exit All Seasons Realty
GLENDALE
Under $600,000
79-74 77th Road
$599,000
1-family ranch
2 bedrooms, 1 bathroom
Joanne Goode
Lovett Realty
$600,000-$1,000,000
76-08 69th Place
$609,000
Condo
2 bedrooms, 2 bathrooms
Jesse Roland
Eliot Hill Realty
Over $1,000,000
76-07 Cooper Avenue
$1,085,000
3-family home
11 bedrooms, 4 bathrooms
David Pastorini
Coldwell Banker Phillips
MASPETH
Under $600,000
52-30 65th Place
$289,000
Co-op
2 bedrooms, 1 bathroom
Jordan Donner
Landmark International R E LLC
$600,000-$1,000,000
52-75 70th Street
$675,000
1-family Colonial
3 bedrooms, 1 bathroom
Jacqueline Abramaitis
O’Kane Realty
Over $1,000,000
65-11 Grand Avenue
$1,199,000
3-family home
3 bedrooms, 3 bathrooms
Jaroslaw Kaszuba
Exit All Seasons Realty
MIDDLE VILLAGE
Under $600,000
66-60 80th Street
$535,000
Condo
2 bedrooms, 2 bathrooms
Donna Russo
Russo Realty Properties
$600,000-$1,000,000
64-35 65th Lane
$939,000
2-family home
3 bedrooms, 3 bathrooms
Hanna Kiriakos
Saving Time Realty Corp
Over $1,000,000
57-46 78th Street
$1,099,000
2-family Colonial
4 bedrooms, 2 ½ bathrooms
Joan Walsh
Tscherne Realty
