WWW.QNS.COM RIDGEWOOD TIMES AUGUST 8, 2019 31
REAL ESTATE
Ridgewood rents getting harder to meet: report
BY EMILY DAVENPORT
EDAVENPORT@RIDGEWOODTIMES.COM
@RIDGEWOODTIMES
It’s no secret that rents had been
raising throughout New York City
over the years. While the current
median income in NYC is sitting at
$57,782, a new report found that rents
in some neighborhoods — including
two in Queens — have drastically
increased over the past fi ve years,
causing more residents to need a
bigger pay raise.
StreetEasy recently released a
report that explored the salary raises
that single-dwelling New Yorkers have
needed since 2014 in order to keep up
with rising rents. Out of the top 10 New
York City, two Queens neighborhoods
saw the largest fi ve-year increase.
While East Flatbush secured the
number one spot with a 33 percent
increase since 2014, Ridgewood came
in close behind with a 31 percent
increase. According to the report’s
findings, in 2014 single-dwelling
Homes in Ridg ewo od File photo/QNS
Ridgewood owners could comfortably
make $60,000 per year to aff ord rent,
in 2019 the income made an $18,400
jump to $78,400.
With neighborhoods such as
Bedford-Stuyvesant, Bushwick and
Midwood rounding out the middle
of the list, Flushing snuck into the
number nine spot on the list.
In 2014, Flushing renters could
make an average of $57,400 in order
to aff ord rent comfortably. Five years
later, the income margin shot up to
$69,480, marking a 21 percent increase
over fi ve years.
In the report, StreetEasy released
an interactive map of the city that
shows the increases in each Queens
neighborhood over the past fi ve years.
To see the map and read the full report,
visit streeteasy.com.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Starr Street 82nd Street 72nd Street Dry Harbor Road
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
1807 Starr Street
$850,000
Colonial
3 bedrooms, 3 bathrooms
Carlos Pierdrahita
House Hunt Realty Corp
Over $1,000,000
65-15 Myrtle Avenue
$1,100,000
Mixed-use
5 bedrooms, 2 bathrooms
Miriam Vasquez
RE/MAX Team
Under $600,000
70-33 65th Street
$579,000
Two Story
3 bedrooms, 1 bathroom
Gabriele Kapp
Werba Realty LLC
$600,000-$1,000,000
77-18 82nd Street
$959,000
Colonial
5 bedrooms, 3 bathrooms
John Lombardi
Crifasi Real Estate
Over $1,000,000
58-28 St. Felix Avenue
$1,150,000
2-Story
2 bedrooms, 2 bathrooms
David Kueber
Coldwell Banker Kueber Realty
Under $600,000
52-24 65th Place
$325,000
Co-op
2 bedrooms, 1 bathroom
Catherine Botero
Home Hunters Real Estate
$600,000-$1,000,000
60-72 71st Street
$839,000
Townhouse
3 bedrooms, 2 bathrooms
Shuehlie Chen
Chase Global Realty Corp
Over $1,000,000
60-37 72nd Street
$1,198,000
2-Story
3 bedrooms, 3 bathrooms
Andrew LaSala
Crifasi Real Estate
Under $600,000
66-41 69th Street
$414,700
Condo
1 bedroom, 1 bathroom
Nora Avalos
NY Superior Realty
$600,000-$1,000,000
61-74 81st Street
$878,000
Townhouse
3 bedrooms, 2 bathrooms
Lisa Berge
Lisa Realty Group LTD
Over $1,000,000
63-57 Dry Harbor Road
$1,158,000
Tudor
4 bedrooms, 3 bathrooms
Anthony Reardon
Eliot Hill Realty
/streeteasy.com
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