36 MAY 17, 2018 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Ridgewood ranked second-least aff ordable nabe in Queens
BY SUZANNE MONTEVERDI
SMONTEVERDI@QNS.COM / @SMONT76
Eastern Queens saw a concentration
of the borough’s highly
affordable areas while western
Queens was home to the least
affordable neighborhood in a new
real estate report.
Analysts from real estate site
StreetEasy compared the median
sales price in each New York City
neighborhood with the median sales
price for its respective borough
to determine the most and least
affordable spots to live. In Queens,
the median sales price clocks in at
$500,000.
In the “World’s Borough” — which
was divided into 53 separate neighborhoods
— Jamaica Estates was
deemed most aff ordable. The median
home sales price in this eastern
Queens neighborhood — with a
housing stock ranging from co-op
apartments to large mansions — was
listed at $202,500: a nearly 60 percent
diff erence from the borough median.
Second and third most affordable
were neighboring Briarwood, Kew
Gardens Hills and Kew Gardens,
where the median sale prices are
$225,000, $272,000 and $282,944,
respectively. Oakland Gardens,
Howard Beach and Little Neck came
in at numbers 5, 6 and 7.
Deemed least affordable was the
western Queens neighborhood of
Long Island City, where the median
sale price was $934,520 — 87 percent
more than the borough median.
Ridgewood, Auburndale and Fresh
Meadows ranked second-, third-
and fourth-least affordable in the
borough, with median sale prices of
$930,000, $918,000 and $895,000.
Whitestone, South Ozone Park
and South Richmond Hill each saw
median sales prices at the borough
median.
Although there is a price gap of
more than $700,000 between the
most and least expensive neighborhoods
in the borough, analysts noted,
nearly half of all Queens neighborhoods
are “somewhat accessible to
the typical New York buyer.”
A report published by StreetEasy
in April determined that the cost
of renting or owning a home in
Queens is closest to the citywide
medians of any borough, “making
good on Queens’ reputation as the
place of choice for middle-class New
Yorkers.” Renters in the borough see
a 36 percent cost-to-income ratio,
while homeowners face a marginally
higher cost-to-income ratio at
37 percent.
Visit StreetEasy.com to access an
interactive map of the city’s most
and least affordable neighborhoods.
Photo via Creative Commons
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD
Fresh Pond Road 60th Lane 71st Street 69th Lane-Middle
Under $600,000
63-15 Forest Ave.
$449,000
Condo
1 bedroom, 1 bathroom
Iwona Wojcik
Charles Rutenberg Realty
$600,000-$1,000,000
64-13 Shaler Ave.
$699,000
1-family townhouse
4 bedrooms, 2 bathrooms
Diego Sucuzhanay
Winzone Realty
Over $1,000,000
71-12 Fresh Pond Rd.
$2,200,000
8-family apartment house
15 bedrooms, 7 full baths, 1 half-bath
Debra Bianco
Grimaldi Realty Group
GLENDALE
Under $600,000
76-18 69th Pl.
$538,888
Condo
2 bedrooms, 2 bathrooms
Adam Krzesniak
Keller Williams Landmark II
$600,000-$1,000,000
75-06 60th Ln.
$946,000
2-family home
5 bedrooms, 3 bathrooms
Lin Han
Mapit Realty LLC
Over $1,000,000
71-08 66th St.
$1,599,000
6-family apartment house
15 bedrooms, 6 full baths, 3
half-baths
Nison Izgelov
Real Estate Concept Group
MASPETH
Under $600,000
64-67 58th Rd.
$548,000
1-family bungalow
1 bedroom, 2 bathrooms
Lucy Lu
Landmark International R E LLC
$600,000-$1,000,000
60-78 71st St.
$825,000
1-family Colonial
3 bedrooms, 2 bathrooms
Noel McGuinness
RE/MAX Universal Real Estate
Over $1,000,000
61-42 56th Rd.
$1,380,000
4-family home
8 bedrooms, 5 bathrooms
Adam Krzesniak
Keller Williams Landmark II
MIDDLE VILLAGE
Under $600,000
66-60 80th St.
$410,000
Condo
1 bedroom, 1 bathroom
Donna Russo
Russo Realty Properties
$600,000-$1,000,000
82-57 61st Rd.
$749,999
1-family townhouse
3 bedrooms, 1 ½ bathrooms
Michael Schulte
CH Queens
Over $1,000,000
61-21 69th Ln.
$1,120,000
2-family home
4 bedrooms, 3 bathrooms
Lisa Grassia
Exit Kingdom Realty
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