WWW.QNS.COM RIDGEWOOD TIMES AUGUST 6, 2020 25
REAL ESTATE
New development sales decrease across Queens, though LIC sees a boost
BY JACOB KAYE
JKAYE@SCHNEPSMEDIA.COM
@QNS
New development sales in Queens were down in the second quarter
of 2020, according to a new report.
When compared to the first quarter of this year, the total sales
volume of Queens new development sales was down by 29 percent, from
around $159 million to $113 million this past quarter, according to the
Queens New Development report from MNS.
In addition to the decrease in sales volume, the total number of sales
decreased, as well – there were 185 sales in quarter one of 2020 year and
119 sales during the second quarter of this year, the report says.
But it wasn’t all drops and decreases in the “World’s Borough.”
Quarter-over-quarter, the median price per square foot in Queens
increased from $1,164 to $1,249, or about 7 percent, according to MNS. Also
on the rise: the median price paid for a Queens unit, which increased by
6.8 percent, from $800,499 to $855,330, the report said.
Bringing up the median price was the sale of unit 6A of 21-30 44th Dr.
in Long Island City, which sold for $2,310,000, the highest price paid for
a unit this past quarter.
There’s a reason the most expensive unit was in Long Island City. The
vast majority of new development sales were made in the northwest
Queens neighborhood.
In the second quarter of 2020, nearly 64 percent of all new development
sales were in Long Island City. Those sales account for 76 of the 119 sales
made, according to the report.
While prices in Long Island City were up, its neighbor to the north
experienced the largest down-swing in price in the borough, the report
said.
The median sales price in Astoria decreased by over 4 percent this past
quarter, MNS said. The median price per square foot also saw a decline in
the neighborhood, dropping from $1,097 to $1,038, or about 5 percent.
Only eight of the 119 units sold this past quarter were in Astoria.
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Felix Avenue
Listings selected at random. Courtesy MLS
Under $600,000
6248 60 Pl. #1B
$419,000
Condo
1 bedrooms, 1 full bathroom
Diane Hanczyk, Campione Realty
$600,000-$1,000,000
17-2- George St.
$900,000
Townhouse
3 bedrooms, 1 full and 1 half
bathrooms
Jaime Zarama, Charles Rutenberg
Realty Inc
Over $1,000,000
58-28 St. Felix Ave.
$1,089,000
Colonial
2 bedrooms, 1 full and 1 half
bathrooms
Talaat Elkaray, Keller Williams
Landmark II
86th Street 52nd Drive 63rd Avenue
Under $600,000
90-60 Union Tpke. #9B
$318,000
Mid-rise Co-Op
1 bedrooms, 1 full bathrooms
Chung Chi Hsiung, Winzone Realty
Inc
$600,000-$1,000,000
78-16 86th St.
$929,000
Colonial
3 bedrooms, 2 full and 1 half
bathrooms
Gaetano Sieligowski and Cody
Macaluso, Macaluso Realty
Over $1,000,000
65-13 Myrtle Ave.
$1,050,000
Other
5 bedrooms, 2 full and 1 half
bathrooms
Miriam Vasquez, RE/MAX Team
Under $600,000
62-36 59th Drive #303
$449,000
Mid-rise condo
1 bedroom, 1 full bathroom
Iwona Wojcik, Charles Rutenberg
Realty Inc
$600,000-$1,000,000
59-68 69th St.
$889,000
2 Story
3 bedrooms, 1 full and 1 half
bathrooms
Cecilia Calcagnile, Century 21
Amiable Rlty Grp II
Over $1,000,000
73-37 52nd Drive
$1,110,000
Colonial
3 bedrooms, 2 full bathrooms
Christine Sardinha, RE/MAX
Team
Under $600,000
61-88 Dry Harbor Road
$429,000
Mid-rise Co-Op
2 bedrooms, 1 full bathroom
David Kueber, Coldwell Banker
Kueber Realty
$600,000-$1,000,000
70-03 Juniper Valley Road
$850,000
Other
3 bedrooms, 2 full and 1 half
bathrooms
Sold By Bart R E Partners Inc
Over $1,000,000
82-32 63rd Ave.
$1,250,000
Colonial
4 bedrooms, 3 full and 1 half
bathrooms
Shri Singh, BERKSHIRE
HATHAWAY
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