24 APRIL 29, 2021 RIDGEWOOD TIMES WWW.QNS.COM
Rent in Queens continued to fall during fi rst quarter of 2021
Ridgewood Times Sales Guide
Under $600,000
71-05 Fresh Pond Road, Unit A3D
$529,000
Condo
1 bedroom, 1 bathroom
Kaszuba Jaroslaw, Exit All Seasons
Realty
$600,000-$1,000,000
209 Onderdonk Ave.
$799,000
Single Family
2 bedrooms, 2 bathrooms
Marek Sobolewski, Trademarko
Realty Inc
Over $1,000,000
18-90 Starr St.
$1,330,000
Contemporary
9 bedrooms, 6 bathrooms
Fiona Chen, Global Connect Realty
4 LLC
Under $600,000
9050 Union Tpke., Unit 8G
$539,999
High Rise
3 bedrooms, 1 full and 1 half
bathrooms
Giovanni Pedone, Concrete Jungle
NYC Realty
$600,000-$1,000,000
73-46 71st Place
$699,000
Colonial
3 bedrooms, 2 full and 1 half
bathrooms
Beata Fil, Exit All Seasons Realty
Over $1,000,000
6024 80 Ave.
$1,199,000
Multi Family
7 bedrooms, 3 bathrooms
Sayed Islam, RE/MAX Team
Under $600,000
52-24 65 Place, Unit 6N
$299,000
Mid Rise
2 bedrooms, 1 bathroom
Susan Camus, Imagine Properties
NY
$600,000-$1,000,000
60-16 71st St.
$748,888
Ranch
2 bedrooms, 1 bathroom
Louis Pastorini, Coldwell Banker
Phillips
Over $1,000,000
61-25 56 Ave.
$1,399,000
Two Story
6 bedrooms, 5 bathrooms
Louis Campione, Campione
Realty
Under $600,000
66-45 69th St., Unit 2
$400,000
Condo
1 bedroom, 1 bathroom
Sylwia Anna Juras, Sold By Bart R
E Partners Inc
$600,000-$1,000,000
69-09 78th St.
$789,000
Two Story
3 bedrooms, 1 full and 1 half
bathrooms
Michael Miguel, EXP Realty
Over $1,000,000
74-07 Penelope Ave.
$1,599,000
Two Story
4 bedrooms, 3 full and 2 half
bathrooms
Joseph Crifasi, Crifasi Real Estate
Inc
REAL ESTATE
BY JACOB KAYE
JKAYE@SCHNEPSMEDIA.COM
@QNS
During the fi rst quarter of this year, apartments in Queens were the
cheapest they’ve been in eight years, according to a new report.
The median asking rent in Queens dropped to $1,999 in the fi rst
quarter of 2021, a fi gure not seen since 2013, according to a report from real
estate company StreetEasy.The drop in price – 10.5 percent – was the largest
annual decline the borough has ever experienced, the report said.
The largest declines, as has been the case throughout the pandemic, came
in northwest Queens, where rents were highest to begin with. The median
asking rent in Astoria, Long Island City and Sunnyside dropped 9 percent
year-over-year, hitting $1,800 in the fi rst quarter of this 2021, the report
found.
However, not every neighborhood in Queens saw a step decline.
Of the top 10 neighborhoods where the median asking rent increased
during the fi rst quarter of 2021, eight were in Queens, including North
Corona (16.7 percent increase year-over-year), Oakland Gardens (13.9 percent),
Auburndale (13.5 percent), Hollis (13.4 percent), Fresh Meadows (11.4
percent), Clearview (10.8 percent), Whitestone (8.9 percent) and Ozone Park
(8.7 percent).
The same goes for home sales, where of the 10 neighborhoods with the
steepest increase in median asking price, six were in Queens, including Hollis
(66.9 percent increase year-over-year), East Elmhurst (39.2 percent), Kew
Gardens Hills (28.5 percent), Springfi eld Gardens (17.1 percent), South Jamaica
(16.9 percent) and Cambria Heights (16.9 percent).
Compared to Brooklyn and Manhattan, Queens rents remained relatively stable.
The median asking rent in Manhattan hit an all-time low in the fi rst quarter
of 2021, with some of the most dramatic decreases coming in Midtown and
the Upper East Side, according to the report. In Brooklyn, median asking
rent fell by 10 percent year-over-year, the largest annual decline on record,
according to StreetEasy.
The renter’s paradise is likely to remain for at least a few more months,
according to the report.
While prices are expected to slowly increase during the summer, renters
should still have plenty of time to snag a good deal, according to StreetEasy
economist Nancy Wu.
Onderdonk Avenue
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
71st Place 71st Street 78th Street
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