28 APRIL 16, 2020 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Queens sees lowest rent increase in March: Report
BY GRANT LANCASTER
EDITORIAL@QNS.COM
@QNS
Rent prices across four boroughs
increased slightly in March, but
some areas saw more dramatic
increases and decreases than others, a
report by MNS Real Estate showed.
The rent market stayed fairly steady,
with Brooklyn reporting the greatest
increase of just over 1 percent in average
rent and Queens posting the lowest
increase, just 0.12 percent, according to
the report.
In Tribeca, one of the most expensive
areas of Manhattan, the report found
that one-bedroom apartments without
a doorman dropped in price by more
than 16 percent, beating out SoHo onebedrooms
with a doorman, which only
dropped by 15 percent.
SoHo did post one of the greatest price
increases in Manhattan, however, with
average non-doorman studio prices up
nearly 14 percent, fl anked by Financial
District non-doorman studios up 12.3
percent and Lower East Side nondoorman
studios up 11.8 percent.
Brooklyn, which had the greatest
overall increase, posted modest price
decreases, with the greatest price drop
coming in Bay Ridge two-bedroom units
at a 6 percent drop.
Despite the borough’s top spot in
increased rent, Brooklyn’s neighborhoods
show average rent increases
less than Manhattan’s, with Bay Ridge
studios claiming the top spot with a 10
percent increase.
Studio apartments in Ridgewood
boasted the most dramatic drop of any
neighborhood in the city, with a drop in
average price of just over 22 percent.
Queens paired that drop with very
limited rent increases, with the highest
reported Rego Park one-bedrooms at
5.3 percent.
In the Bronx, studio apartments in
Mott Haven saw the greatest decrease,
with a 6.8 percent decline in average
price. One-bedrooms in the same neighborhood
also saw the greatest price hike
at 8.6 percent.
Ridgewood Times Sales Guide
Photo via Getty Images
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Woodward Avenue
Listings selected at random. Courtesy MLS
Under $600,000
63-34 Fresh Pond Road #4H
$549,750
Single family, condo
1 bedroom, 1 full bathroom
Tomasz Smolinski, Omega Realty
of Greenpoint LLC
$600,000-$1,000,000
64-55 Madison St.
$885,000
Single Family
3 bedrooms, 2 full bathrooms
Devaykanan Rishudeo, Compass
Greater NY LLC
Over $1,000,000
681 Woodward Ave.
$2,700,000
Multi-Family
9 bedrooms, 7 full bathrooms
Marek Sobolewski, Trademarko
Realty Inc
68th Street 55th Avenue 67th Street
Under $600,000
80-80 Cypress Ave.
$599,999
Single Family
3 bedrooms, 1 full bathroom
Rosa Collado, Keller Williams
Landmark II
$600,000-$1,000,000
69-17 68th St.
$758,888
Multi-family
3 bedrooms, 2 full bathrooms
Tamir Mori, Cornerstone R E Services
LLC
Over $1,000,000
79-78 77th Road
$1,800,000
Townhouse, multi-family
8 bedrooms, 4 full bathrooms
Eliezer Cordero, Canterbury Real
Estate Inc
Under $600,000
65-31 52nd Ave., #1C
$475,000
Single family, condo
1 bedroom, 1 full bathroom
Tao Guan, Douglas Elliman Real
Estate
$600,000-$1,000,000
64-10 55th Ave.
$879,000
Single Family
3 bedrooms, 1 full and 2 half
bathrooms
Kinson Tan, Tyme Realty Corp
Over $1,000,000
61-30 55th Dr.
$1,695,000
Multi-family
6 bedrooms, 5 full bathrooms
Louis Campione, Campione
Realty
Under $600,000
57-45 74th St.
$379,000
Single Family, Condo
1 bedroom, 1 full bathroom
Ahmed Duraliev, Werba Realty
LLC
$600,000-$1,000,000
61-53 67th St.
$925,000
Multi-family
4 bedrooms, 2 full and 1 half
bathrooms
David Pastorini, Coldwell Banker
Phillips
Over $1,000,000
66-43 79th St.
$1,850,000
Multi-family
6 bedrooms, 3 full bathrooms
John Amore, Prime Realty
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