WWW.QNS.COM RIDGEWOOD TIMES MAY 16, 2019 35
REAL ESTATE
Queens rents continued to soar in April
BY EMILY DAVENPORT
EDAVENPORT@RIDGEWOODTIMES.COM
@RIDGEWOODTIMES
A recent report found that while
overall rental prices in Queens saw
slight decreases, certain neighborhoods
are still experiencing climbing rental
prices.
MNS Real Estate recently released
their April 2019 Rental Market Report,
which took a look at the ongoing trends
in Queens rental prices. The report
found that throughout the month of
April, average rental prices dropped
from $2,255.66 to $2,250.92, marking
a 0.21 percent decrease compared to
March 2019.
Despite the slight decrease, yearover
year average prices for studio,
one- and two-bedroom units all saw
their average prices increase, by 4.6
percent, 2.83 percent and 2.58 percent,
respectively. From March to April,
average rental prices for studios
dropped from $1,893.99 to $1,876.79;
one-bedroom prices increased from
$2,177.72 to $2,180.12; and two-bedrooms
rose from $2,695.26 to $2,695.86.
The largest monthly increases took
place in Flushing and Jackson Heights.
Studio apartments in Flushing saw a
7.2 percent increase in price, raising
from $1,558 to $1,669 on average. Jackson
Heights had the highest price jump for
two-bedroom units, raising from $2,311
to $2,449 (+6 percent).
The prices of studio apartments saw
huge dips in Rego Park and Forest Hills,
with prices decreasing from $1,745
to $1,616 in Rego Park (-7.4 percent)
and $1,885 to $1,760 in Forest Hills (-6.6
percent).
For the fourth month in a row, Long
Island City had the most expensive
studio, one-bedroom and twobedroom
units in April, with prices
averaging $2,608, $3,146 and $4,080,
respectively. Like in March, Ridgewood
had the least expensive two-bedroom
units with prices averaging $2,237 in
April. Jackson Heights had the least
expensive one-bedroom units with
pricing averaging $1,836 and Rego had
Main Street in Downtown Flushing File photo/QNS
the least expensive studios with prices
averaging $1,616.
Neighborhoods that saw overall
increases in their average rental prices
in April 2019 were Long Island City,
Astoria, Flushing and Jackson Heights,
which saw a 3.78 percent, 0.14 percent,
4.11 percent and 3.17 percent increase,
respectively. Rego Park was the only
neighborhood that saw an overall
decrease in average rental prices,
decreasing 2.92 percent. Rental prices
in Ridgewood and Forest Hills saw a
2.46 percent and 4.85 percent price
correction, respectively.
Read the full report at www.mns.
com/queens_rental_market_report.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Decatur street Woodhaven Boulevard 72nd Street 73rd Place
Under $600,000
61-20 71st Avenue
$569,000
Condo
1 bedroom, 1 bathroom
Jaroslaw Kaszuba
Exit All Seasons Realty
$600,000-$1,000,000
607 Onderdonk Avenue
$699,000
Condo
3 bedrooms, 2 bathrooms
Marco Gomez
Keller Williams Realty Greater
Over $1,000,000
59-17 Decatur Street
$1,249,888
Two-story
3 bedrooms, 2 bathrooms
Louis Lasala, Marc Criado Mastros,
Keller Williams Realty Landmark
Under $600,000
76-08 69th Place
$569,000
Condo
2 bedrooms, 2 bathrooms
Anna Jargilo, Wioletta Bednarczuk
Exit All Seasons Realty
$600,000-$1,000,000
80-01 Woodhaven Boulevard
$750,000
Colonial
4 bedrooms, 3 bathrooms
Imran Khan
Realty Executives Today
Over $1,000,000
68-28 65th Street
$1,399,000
Two-family
6 bedrooms, 3 bathrooms
Rommel Vazquez
RE/MAX Team
Under $600,000
52-24 65th Place
$340,000
Co-op
2 bedrooms, 1 bathroom
Catherine Botero, Christine Arato
O’Kane Realty
$600,000-$1,000,000
59-23 59th Road
$759,000
Colonial
4 bedrooms, 3 bathrooms
Joan Sammon, Catherine Botero
O’Kane Realty
Over $1,000,000
54-36 72nd Street
$1,475,000
2-Family
6 bedrooms, 3 bathrooms
Marek Sobolewski
Trademarko Realty
Under $600,000
66-11 71st Street
$295,000
Condo
1 bedroom, 1 bathroom
Lucy Lu
Landmark International R E LLC
64-22 73rd Place
$729,000
Ranch
2 bedrooms, 1 bathroom
Rosemarie Modica,
Metro Net Realty LLC
Over $1,000,000
62-54 71st Street
$1,799,999
Two-family
6 bedrooms, 4 bathrooms
Jean O Gallagher, Theresa Dinardo
Douglas Elliman Real Estate
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