26 MAY 21, 2020 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Record drop in new leases signed in northwest Queens: Report
BY JACOB KAYE
JKAYE@SCHNEPSMEDIA.COM
@QNS
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
seven years.
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
Queens.
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
Putnam Avenue
Listings selected at random. Courtesy MLS
Under $600,000
6248 60th Pl. Unit #1B
$439,000
Condo
1 bathroom, 1 full bathroom
Diane Hanczyk, Campione Realty
$600,000-$1,000,000
17-38 Starr St.
$999,000
Single family
3 bedrooms, 1 full and 1 half
bathrooms
Joseph Crifasi, Crifasi Real Estate
Inc
Over $1,000,000
60-46 Putnam Ave.
$1,995,000
Townhouse, multi-family
6 bedrooms, 4 full bathrooms
Crifasi Real Estate Inc, Crifasi Real
Estate Inc
77th Road 56th Drive Admiral Avenue
Under $600,000
80-80 Cypress Ave.
$599,999
Single family
3 bedrooms, 1 full bathroom
Rosa Collado, Keller Williams
Landmark II
$600,000-$1,000,000
88-24 81st Road
$999,000
Multi-family
5 bedrooms, 2 full bathrooms
Giovanni Pedone, Concrete Jungle
NYC Realty
Over $1,000,000
79-78 77th Road
$1,800,000
Townhouse, multi family
8 bedrooms, 4 full bathrooms
Eliezer Cordero, Canterbury Real
Estate Inc
Under $600,000
64-55 59th Ave.
$449,999
Single family, ranch
2 bedrooms, 1 full bathroom
Michael Miguel, EXP Realty
$600,000-$1,000,000
61-17 56th Dr.
$959,000
Single family
4 bedrooms, 2 full bathrooms
Jaroslaw Kaszuba, Exit All Seasons
Realty
Over $1,000,000
61-30 55th Dr.
$1,695,000
Multi-family
6 bedrooms, 5 full bathrooms
Louis Campione, Campione
Realty
Under $600,000
66-83 70th St. #3D
$399,000
Single family, condo
1 bedroom, 1 full bathroom
Florin Spariosu, Sparrow REALTORS
LLC
$600,000-$1,000,000
65-15 Admiral Ave.
$673,800
Single family
3 bedrooms, 1 full bathroom
Nora Avalos, NY Superior Realty
Over $1,000,000
82-32 63rd Ave.
$1,250,000
Single family
4 bedrooms, 3 full and 1 half
bathrooms
Shri Singh, BERKSHIRE
HATHAWAY
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