32 APRIL 25, 2019 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Report: Queens rents reaching new highs in ’19
BY EMILY DAVENPORT
EDAVENPORT@RIDGEWOODTIMES.COM
@RIDGEWOODTIMES
A recent report found that
rents and home sales prices
are continuing to rise
throughout Queens.
StreetEasy released their Queens
Market Report for the first quarter
of 2019. The report found that rents
in Queens reached an all-time high
of $2,173, marking a 2.5 percent
increase year-over-year. Northwest
Queens neighborhoods saw the
highest increase in the region,
raising 2.3 percent to $2,264.
The report also indicated that the
share of rent cuts fell 20.6 percent
in Queens, falling 2 percentage
points year-over-year. The hardest
area to find deals on rent were in
northeast Queens neighborhoods,
where discount shares dropped to
19.2 percent year-over-year.
“We’re coming out of an unusually
competitive winter rental season
in which many renters found
themselves in a weaker negotiating
Photo via Getty Images
position than in years past,” said
StreetEasy Senior Economist Grant
Long. “As would-be buyers opt to
embrace renting while sale prices
are falling, the competition that new
grads and other transplants entering
the city’s workforce would typically
bring this time of year will be even
more pronounced. This spring,
landlords will have the upper hand,
and renters should be prepared to
move quickly to make sure they get
a place they love.”
While home prices were on the
decline throughout the city, prices in
Queens continued to rise in the first
quarter. Year-over-year, home prices
in Queens increased to $517,996,
raising 3 percent overall.
Home sales inventory rose 26.1
percent year-over-year, bringing
the number of homes for sale close
to an all-time high of 4,435. While
the sales inventory rose Queens
sellers were the least likely to cut
their asking price, with 17 percent of
homes offering a discount. However,
that number is up 5 percentage
points from last year.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Onderdonk Avenue 71st Street 53rd Street 77th Street
Under $600,000
63-34 Fresh Pond Road
$528,000
Condo
1 bedroom, 1 bathroom
Dominico Pedone
Concrete Jungle NYC Realty
$600,000-$1,000,000
607 Onderdonk Avenue
$725,000
Condo
3 bedrooms, 2 bathrooms
Marco Gomez
Keller Williams Realty Greater
Over $1,000,000
1881 Putnam Avenue
$1,600,000
Multi-family
12 bedrooms, 6 bathrooms
Liqin Wu
LuckSky Brothers Corp
Under $600,000
90-50 Union Turnpike
$379,000
Co-op
2 bedrooms, 1 bathroom
Deborah Berman
Exit Kingdom Realty
$600,000-$1,000,000
71-22 71st Street
$799,000
Single-family
3 bedrooms, 1 bathroom
Dariusz Bunko
Winzone Realty
Over $1,000,000
79-42 78th Avenue
$1,150,000
Duplex
5 bedrooms, 2 bathrooms
Janet Marmo
Charles Rutenberg Realty
Under $600,000
69-05 Caldwell Avenue
$599,999
Single-family
2 bedrooms, 2 bathrooms
Jonathan Talmi
Century Homes Realty Group
$600,000-$1,000,000
63-12 53rd Avenue
$799,000
Single-family
3 bedrooms, 1 bathroom
Joseph Crifasi
Crifasi Real Estate
Over $1,000,000
50-41 65th Street
$2,200,000
Multi-family
8 bedrooms, 5 bathrooms
Nicos Psomopoulos
RE/MAX Team
Under $600,000
66-41 69th Street
$423,700
Condo
1 bedroom, 1 bathroom
Nora Avalos
NY Superior Realty
$600,000-$1,000,000
63-67 77th Street
$998,000
Single-family
3 bedrooms, 1.5 bathrooms
John Lombardi
Crifasi Real Estate
Over $1,000,000
62-34 69th Place
$1,149,000
Multi-family
4 bedrooms, 3 bathrooms
John Amore
Prime Realty
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