26 APRIL 22, 2021 RIDGEWOOD TIMES WWW.QNS.COM
Cost of rent around subway stations declines in Queens: Report
Ridgewood Times Sales Guide
Under $600,000
71-05 Fresh Pond Road
$350,000
Condo
1 bedroom, 1 bathroom
Christian Wittmann, Compass
Greater NY LLC
$600,000-$1,000,000
60-10 Catalpa Ave.
$980,000
Multi Family
5 bedrooms, 2 bathrooms
John O Kane, O Kane Realty
Over $1,000,000
17-34 Stanhope St.
$1,180,000
Colonial
8 bedrooms, 5 bathrooms
Weilian Jo, New Group Realty Inc
Under $600,000
76-18 69th Place, Unit 3D
$530,000
Condo
2 bedrooms, 2 bathrooms
Khayla Jones, 1 Oak Real Estate
Hub Inc
$600,000-$1,000,000
69-31 Central Ave.
$780,000
Two Story
3 bedrooms, 2 bathrooms
Lotfi Chortani, Target Realty
Group Corp
Over $1,000,000
72-43 67th St.
$1,250,000
Colonial
12 bedrooms, 6 bathrooms
Yoon Lee, Winzone Realty Inc
Under $600,000
52-15 65th Place, Unit 4F
$259,000
Mid Rise
1 bedroom, 1 bathroom
Avi Baron, Oxford Property Group
USA
$600,000-$1,000,000
59-72 59th Place
$699,000
Bungalow
2 bedrooms, 2 bathrooms
Marek Sobolewski, Trademarko
Realty Inc
Over $1,000,000
55-08 69 Place
$1,090,000
Colonial
7 bedrooms, 2 bathrooms
Donghua Chen, Winzone Realty
Inc
Under $600,000
66-06 70th St., Unit 1D
$298,000
Mid Rise
1 bedroom, 1 full and 1 half
bathrooms
Andrew LaSala, Crifasi Real Estate
Inc
$600,000-$1,000,000
61-17 77th Place
$829,000
Two Story
3 bedrooms, 1 bathroom
Monica Stachura,O Kane Realty
Over $1,000,000
79-18 67th Road
$1,199,000
Two Story
8 bedrooms, 4 bathrooms
Mary Or, Charles Rutenberg
Realty Inc
REAL ESTATE
BY JACOB KAYE
JKAYE@SCHNEPSMEDIA.COM
@QNS
With many New Yorkers avoiding
the subways this past
year, rents for apartments
above major train stations, including
several in Queens, saw a severe drop
in price during the fi rst quarter of
2021, a new report found.
Rents decreased in the areas immediately
surrounding 418 of the
city’s 473 subway stops from January
2021 until the end of March 2021, according
to the report from RentHop.
In Queens, the biggest drop came
around the M train’s Forest Avenue
stop in Ridgewood, where the median
rent for one-bedroom apartments
dropped by over 21 percent
year-over-year.
Renting for $1,800 on average,
the one-bedroom apartments’ drop
in price around the Forest Avenue
stop was among the top five biggest
declines in pricing across the city.
However, of the top five stops that
saw the largest decreases in median
rent, four were in Manhattan, including
the 66th St./Lincoln Center,
81st St., and both Delancey St./Essex
St. stations.
Many of the largest drops in
Queens came in the areas where
the rents were already the most expensive
in the borough, including
in Astoria and Long Island City, according
to the report.
The N/W line in Astoria saw yearover
year drops around every station
– the most drastic coming at the
39th Avenue stop, where the median
price for a one-bedroom apartment
fell by around 20 percent to $2,523,
the report said.
However, there were some stops
where rent increased during the
first quarter of this year, including
the Far Rockaway/Mott Avenue stop
of the A train, where one-bedroom
apartments rented for 4.5 percent
higher when compared to the first
quarter of 2020, according to the
report.
Other stations where rent increased
included 167th St. along
the B/D trains, 238th St. along the 1
train, New Lots Ave. along the 3 and
4 trains and 183rd St. and Fordham
Rd. along the 4 train.
In total, 35 stops experienced an
increase in rent and 20 stayed the
same.
Catalpa Avenue
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Central Avenue 59th Place 77th Place
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