WWW.QNS.COM RIDGEWOOD TIMES MARCH 14, 2019 31
REAL ESTATE
These Queens areas led the way in Feb. rent increases
BY EMILY DAVENPORT
EDAVENPORT@RIDGEWOODTIMES.COM
@RIDGEWOODTIMES
A recent report found that rents are
continuing to rise throughout
the “World’s Borough.”
MNS Real Estate released their
February 2019 Rental Market
Report, which explored the trends
in rental prices throughout Queens.
The report found that over the
past month, rental prices rose
from $2,210.32 to $2,212.64, marking
a 0.33 percent increase from January
2019. Year-over-year, rental prices in
Queens saw a 1.36 percent increase.
Compared to January 2019, average
rental prices for studios in February
2019 increased from $1,783.31 to
$1,804.31. Average rental prices
for one-bedroom units increased
from $2,117.10 to $2,142.78 and twobedroom
units increased from
$2,681.02 to $2,690.84.
Jackson Heights saw the largest
increase for studio rental prices,
raising from $1,399 to $1,500. The
largest increases for one-bedroom
and two-bedroom units in February
were in Rego Park, with one-bedroom
units raising from $1,956 to $2,044
and two-bedroom units raising
from $2,516 to $2,697.
Neighborhoods that saw overall
Photo via Shutterstock
increases in their average rental
prices in February 2019 were
Rego Park, Jackson Heights and
Forest Hills, which saw a 5.25
percent, 2.03 percent and 3.69
percent increase. MNS Real Estate
attributes Forest Hills’ increase to
the reintroduction of units from
Parker Towers and cites the spike in
developments as the cause for Rego
Park’s increase.
The neighborhoods that saw
decreases in rental prices overall
included Astoria (-0.21 percent)
and Long Island City (-1.54 percent).
Ridgewood and Flushing each saw
price corrections of 6.5 percent and
1.54 percent, respectively.
Like in January, Long Island City
had the most expensive studio,
one-bedroom and two-bedroom
units in February 2019, with prices
averaging $2,469, $3,080 and
$3,965 respectively.
Additionally, trends for onebedroom
and two-bedroom units
from January continued into
February as well; like in the last
reported month, Ridgewood had
the least expensive two-bedroom
units with prices averaging
$$2,243 in February, and Jackson
Heights had the least expensive
studios and one-bedroom units,
with pricing averaging $1,500
and $1,771, respectively.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Menahan Street Central Avenue 52nd Drive 75th Street
Under $600,000
61-20 71st Avenue
$595,000
Condo
1 bedroom, 1 bathroom
Jaroslaw Kaszuba
Exit All Seasons Realty
$600,000-$1,000,000
59-22 Menahan Street
$695,000
1-family Colonial
3 bedrooms, 1 bathroom
Latchmie John
Sutter Homes Realty Corp
Over $1,000,000
1708 Norman Street
$1,179,000
2-family Colonial
6 bedrooms, 4 bathrooms
Talaat Elkaray
Keller Williams Landmark II
Under $600,000
76-18 69th Place
$482,000
Condo
2 bedrooms, 2 bathrooms
Jim Pappas
Rock Realty
$600,000-$1,000,000
73-38 71st Street
$898,000
2-family duplex
5 bedrooms, 2 bathrooms
Ben Indiviglia
Douglas Elliman Real Estate
Over $1,000,000
69-25 Central Avenue
$1,050,000
2-family Colonial
4 bedrooms, 3 bathrooms
Elena Coman
E C Realty & Management
Under $600,000
59-84 59th Place
$584,000
1-family home
2 bedrooms, 1 bathroom
Carmen Lopez
Core Realty Success
$600,000-$1,000,000
68-20 52nd Drive
$755,000
1-family Colonial
2 bedrooms, 1 bathroom
Lucy Lu
Landmark International Real Estate
Over $1,000,000
64-09 Clinton Avenue
$1,150,000
3-family home
7 bedrooms, 3 ½ bathrooms
Ronald Ferrara
Keller Williams Landmark II
Under $600,000
58-36A 79th Street
$599,000
1-family townhouse
2 bedrooms, 2 bathrooms
Terry Sciubba
Sherlock Homes Realty Corp
$600,000-$1,000,000
63-20 71st Street
$919,000
2-family home
4 bedrooms, 2 bathrooms
Aneta Pycior
Crifasi Real Estate
Over $1,000,000
61-31 75th Street
$1,199,000
2-family townhouse
7 bedrooms, 3 bathrooms
Andrew LaSala
Crifasi Real Estate
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