WWW.QNS.COM RIDGEWOOD TIMES JULY 4, 2019 31
REAL ESTATE
Rego had highest June rent increase
BY EMILY DAVENPORT
EDAVENPORT@RIDGEWOODTIMES.COM
@RIDGEWOODTIMES
A recent report found that
rental prices in Queens are
continuing to rise as we head
deeper into the summer season.
MNS Real Estate recently released
their June 2019 Rental Market
Report, which took a look at the
ongoing trends in rental prices
throughout Queens. The report
found that throughout the month
of June, average rental prices rose
from $2,270.59 to $2,308.56, marking
a 1.67 percent increase compared to
May 2019.
Year-over-year, studio, one- and
two-bedroom units all saw their
average prices increase, by 3.80
percent, 3.36 percent and 3.469
percent, respectively. Compared
to May 2019, average studio prices
rose from $1,882.87 to $1,889.76; onebedroom
pricing rose from $2,200.84
to $2,240.39; and two-bedroom prices
rose from $2,728.05 to $2,795.53.
The neighborhood with the largest
price increase for studio apartments
in June was Rego Park, with prices
rising from $1,742 to $1,915 (a 9.9
percent increase). Rego Park also
saw the largest increase in prices for
one-bedroom units, which increased
from $2,041 to $2,158 (a 5.7 percent
increase overall).
Ridgewood and Jackson Heights
each saw decreases in their average
studio pricing in June 2019. Studios
in Ridgewood decreased from $1,738
to $1,675, marking a 3.6 percent drop,
while studios in Jackson Heights
decreased from $1,741 to $1,702,
marking a 2.2 percent drop.
Like in months past, Long Island
City had the most expensive studio,
one-bedroom and two-bedroom units
in June, with prices averaging $2,670,
$3,281 and $4,354, respectively.
Jackson Heights had the least
expensive studios and one-bedrooms
units, averaging $1,659 and $1,850
respectively, while Ridgewood had
The southbound lanes of Woodhaven Boulevard at 62nd Road on the
Middle Village/Rego Park border. Photo via Google Maps
the lowest priced two-bedroom units
with prices averaging $2,379.
Rego Park had the largest increase
in average rental prices this June,
rising 5.33 percent overall. MNS Real
Estate attributes the increase to the
influx of new luxury developments
in the neighborhood.
Other neighborhoods that saw
average price increases were
Long Island City (+2.94 percent),
Ridgewood (+1.46 percent), Jackson
Heights (+1.16 percent) and Forest
Hills (+0.04 percent). However,
Astoria saw a 0.63 percent price
correction in June.
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
Bleeker Street 65th Street 70th Street 69th Lane
Under $600,000
63-16 Forest Avenue
$520,000
Condo
2 bedrooms, 2 bathrooms
Joe Hasselt
Joe T. Hasselt, Realtor
$600,000-$1,000,000
1060 Seneca Avenue
$999,900
2 Story, 2 Family
6 bedrooms, 2 full and 1 half
bathrooms
Anthony Ayes
Century 21 Amiable Realty Group II
Over $1,000,000
2126 Bleecker Street
$1,475,000
Townhouse, 2 families
6 bedrooms, 3 bathrooms
Agata Landa
Capri Jet Realty Corp
Under $600,000
70-33 65th Street
$579,000
2 Story
3 bedrooms, 1 bathroom
Gabriele Kapp
Werba Realty
$600,000-$1,000,000
80-01 64th Lane
$895,000
Colonial
3 bedrooms, 2 bathrooms
Pedro Somoza
Terra Realty Group
Over $1,000,000
68-28 65th Street
$1,390,000
2 Family
6 bedrooms, 3 bathrooms
Rommel Vazquez
RE/MAX Team
Under $600,000
62-19 53rd Drive
$325,000
Co-op
2 bedrooms, 1 bathroom
Maryanna Zero
Home Hunters Real Estate
$600,000-$1,000,000
73-39 52nd Avenue
$950,000
2 Story, 2 Family
4 bedrooms, 2 bathrooms
Donna Demkowicz
Donna Demkowicz Real Estate
Over $1,000,000
59-37 70th Street
$1,399,000
3 Family
7 bedrooms, 4 bathrooms
WenLuan Zhang
Canaan Realty International
Under $600,000
57-45 74th Street
$427,000
Condo
1 bedroom, 1 bathroom
Nora Avalos
NY Superior Realty
$600,000-$1,000,000
61-74 81st Street
$950,000
Townhouse
3 bedrooms, 2 bathrooms
Lisa Berge
Lisa Realty Group LTD
Over $1,000,000
62-14 69th Lane
$1,350,000
Duplex, 2 family
6 bedrooms, 2 1/2 bathrooms
Rosa Collado
Keller Williams Realty Gold Coast
/WWW.QNS.COM
/www.mns
link
/www.mns
link
