28 MARCH 17, 2022 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Report shows that rental prices are continuing to grow in four NYC boroughs
BY ESTHER WICKHAM
EDITORIAL@QNS.COM
@QNS
MNS real estate released a February 2022 rental market report on four
of the New York City boroughs.
Manhattan overall increased by 2.26%, from $4,322 in January to
$4,419 in February. The neighborhood Tribeca has the most expensive and largest
increase for a two-bedroom non-doorman unit, increasing 5.7% ($7,200 to
$7,612). The biggest decrease for Manhattan that month was found in the Lower
East Side for a two-bedroom non-doorman unit from $6,894 to $6,487, down 5.9%.
From January to February 2022, Brooklyn increased by 0.13% ($3,091 to $3,095).
The biggest increase in this borough was found in DUMBO for a studio, up 4.7%
from $3,088 to $3,232. The largest decrease was in Williamsburg, down 5.3%, for
a two-bedroom unit, $4,176 to $4,955.
In Queens, prices were up 0.45%, from $2,380 in January to $2,391 in February.
Flushing studios are up 5.6% from $1,692 to $1,788. The biggest decrease was
found in Jackson Heights for a two-bedroom apartment, down by 4.9% from
$2,588 to $2,462.
The Bronx increased overall by 1.72%, going from $2,107 to $2,144; in Morris
Heights/University Heights, the most considerable increase for the borough
was one-bedroom units, up 4.01% from $1,670 to $1,737. The biggest decrease for
the month was in the same neighborhood, Morris Heights/University Heights,
where it was down 1.89% for a two-bedroom unit ($2,121 to $2,081).
The COVID-19 pandemic has dramatically lowered market prices; now, there
will be a steady increase in prices due to this shift in the market and its high
demand.
For Manhattan, the average price for a non-doorman studio increased 21.31%
from February 2021 to February 2022, while a doorman studio unit is up 35.42%.
The most signifi cant year-over-year price change in Brooklyn was seen in Fort
Greene with an increase of 36.20%. In that neighborhood, studio, one- and twobedroom
units average $2,688, $3,849 and $4,626, respectively. In Queens, Long
Island City saw the highest year-over-year increase in rental prices, 32.11%. LIC
studio, one- and two-bedroom units average $2,981, $3,627 and $5,029.
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
61st Street
Listings selected at random. Courtesy MLS
Under $600,000
1671 Summerfield St., #2D
$499,000
Condo
1 bedroom, 1 bathroom
Nancy Robbins, Compass
$600,000-$1,000,000
7822 61st St.
$859,888
Multi-family
4 bedrooms, 2.5 bathrooms
Amberly Sclar, New York Realty
Minimax Inc
Over $1,000,000
60-71 67th Ave.
$1,150,000
Multi-family
5 bedrooms, 3 bathrooms
Ernst Achildiyev, EXP Realty
74th Avenue 60th Road 75th Street
Under $600,000
90-60 Union Tpke., Unit 7F
$549,000
Cooperative
3 bedrooms, 1.5 bathrooms
Michelle Fisher, EXP Realty
$600,000-$1,000,000
88-46 74th Ave.
$949,000
Single-family
3 bedrooms, 1.5 bathrooms
Philip Laffey, LAFFEY REAL
ESTATE
Over $1,000,000
72-40 Cooper Ave.
$1,588,888
Multi-family
8 bedrooms, 6.5 bathrooms
Jodi MacHardy, My Home Realty.
COM LLC
Under $600,000
52-54 65th Pl., Unit 2L
$289,000
Cooperative
1 bedroom, 1 bathroom
Kaszuba Jaroslaw, Exit All Seasons
Realty
$600,000-$1,000,000
68-02 60th Rd.
$939,000
Single-family
2 bedrooms, 1.5 bathrooms
Kaszuba Jaroslaw, Exit All Seasons
Realty
Over $1,000,000
53-23 65th Pl.
$1,135,000
Multi-family
4 bedrooms, 2.5 bathrooms
Chung Hsien Hsin, B Square
Realty Inc
Under $600,000
66-15 69th St., Unit 1F
$448,000
Condo
1 bedroom, 1 bathroom
David Pastorini and Louis Pastorini,
Coldwell Banker Phillips
$600,000-$1,000,000
64-39 74th St.
$899,000
Single-family
3 bedrooms, 1.5 bathrooms
Marek Sobolewski, Trademarko
Realty Inc
Over $1,000,000
68-14 75th St.
$1,388,000
Multi-family
6 bedrooms, 2 bathrooms
Joseph Crifasi, Crifasi Real Estate
Inc
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