26 MAY 21, 2020 RIDGEWOOD TIMES WWW.QNS.COM
Record drop in new leases signed in northwest Queens: Report
BY JACOB KAYE
While it may not come as a
surprise, new data suggests
that renters in northwest
Queens are staying put, as the
percentage decrease of new leases
signed last month experienced the
most signifi cant drop in more than
According to a new report from
Douglas Elliman, there were 100 new
leases signed in April 2020, over 64
percent fewer than April 2019, when
there were 285 new leases signed in
northwest Queens. There was also a
steep drop in new leases signed when
compared to the month prior, when
there were 216 new leases signed in
March 2020, according to report.
The average price per square foot
also dropped signifi cantly, according
to the report. With a drop of over 6
percent, the average rental price per
square foot was about $46 in April
2020, a price that continues to be one
of the lowest in the city.
Also on the decline were the number
of rentals listed, as the listing inventory
declined by over 28 percent,
according to Douglas Elliman.
But it wasn’t all drops and decreases
in the northwest Queens
rental market, the report says.
When compared to April 2019, the
average rental price increased by 9
percent to $3,266 in April 2020, a
record increase, according Douglas
Elliman. There was a similar increase
in the median rental price, which rose
by 4 percent to $2,970 in northwest
The status of the rental housing
market is essentially the same across
the city as it is in northwest Queens.
Manhattan saw the lowest total of
new leases recorded in a decade and
the most signifi cant percent decline
ever recorded, according to the
report. In Brooklyn, new lease activity
fell by over 65 percent although
renewal lease activity surged.
Courtesy Hunters Point Parks Conservancy
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Listings selected at random. Courtesy MLS
6248 60th Pl. Unit #1B
1 bathroom, 1 full bathroom
Diane Hanczyk, Campione Realty
17-38 Starr St.
3 bedrooms, 1 full and 1 half
Joseph Crifasi, Crifasi Real Estate
60-46 Putnam Ave.
6 bedrooms, 4 full bathrooms
Crifasi Real Estate Inc, Crifasi Real
77th Road 56th Drive Admiral Avenue
80-80 Cypress Ave.
3 bedrooms, 1 full bathroom
Rosa Collado, Keller Williams
88-24 81st Road
5 bedrooms, 2 full bathrooms
Giovanni Pedone, Concrete Jungle
79-78 77th Road
Townhouse, multi family
8 bedrooms, 4 full bathrooms
Eliezer Cordero, Canterbury Real
64-55 59th Ave.
Single family, ranch
2 bedrooms, 1 full bathroom
Michael Miguel, EXP Realty
61-17 56th Dr.
4 bedrooms, 2 full bathrooms
Jaroslaw Kaszuba, Exit All Seasons
61-30 55th Dr.
6 bedrooms, 5 full bathrooms
Louis Campione, Campione
66-83 70th St. #3D
Single family, condo
1 bedroom, 1 full bathroom
Florin Spariosu, Sparrow REALTORS
65-15 Admiral Ave.
3 bedrooms, 1 full bathroom
Nora Avalos, NY Superior Realty
82-32 63rd Ave.
4 bedrooms, 3 full and 1 half
Shri Singh, BERKSHIRE