32 AUGUST 9, 2018 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Queens homeowners save more money than renters
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD
Palmetto Street 60th Place Clinton Avenue 65th Drive
Under $600,000
63-15 Forest Avenue
$425,000
Condo
1 bedroom, 1 bathroom
Iwona Wojcik
Charles Rutenberg Realty Inc.
$600,000-$1,000,000
14 Saint Johns Road
$890,000
2-Family Colonial
5 bedrooms, 2 bathrooms
Jaime Zarama
Charles Rutenberg Realty Inc
Over $1,000,000
19-34 Palmetto Street
$1,999,990
Multi-Family, Other
12 bedrooms, 6 bathrooms
Ariana DePaula
Signature Premier Properties
GLENDALE
Under $600,000
76-18 69th Place
$475,000
Condo
2 bedrooms, 2 bathrooms
Adam Krzesniak
Keller Williams Landmark II
$600,000-$1,000,000
75-37 60th Place
$675,000
1-Family Colonial
3 bedrooms, 1 bathroom, half
bathroom
Piedad Arizmendy
Century 21 American Homes
Over $1,000,000
70-10 65th Place
$1,500,000
6-Family Townhouse
12 bedrooms, 6 bathrooms
Gaspare Mistretta
City View Real Estate
MASPETH
Under $600,000
53-24 65th Place
$329,000
Co-op
2 bedrooms, 1 bathroom
Joseph Abramaitis
O Kane Realty
$600,000-$1,000,000
61-11 56th Street
$665,000
1-Family Colonial
4 bedrooms, 3 bathrooms
Cristian Gonzales
Winzone Realty Inc
Over $1,000,000
64-09 Clinton Avenue
$1,400,000
3-Family, 2-Story
7 bedrooms, 3 bathrooms, half
bathroom
Zhi Xu
Keller Williams Realty Landmark
MIDDLE VILLAGE
Under $600,000
66-83 70th Street
$599,000
Condo
2 bedrooms, 2 bathrooms
Florin Spariosu
Sparrow REALTORS LLC
$600,000-$1,000,000
66-05 73rd Place
$799,000
1-Family, 2-Story
3 bedrooms, 2 bathrooms
Lorenzo Cesare
Century 21 Amiable Rlty Grp II
Over $1,000,000
75-31 65th Drive
$1,098,000
1-Family, Other
5 bedrooms, 2 bathrooms, 2 half
bathrooms
Bartosz Oiszewski
Keller Williams Landmark II
BY RYAN KELLEY
RKELLEY@RIDGEWOODTIMES.COM
TWITTER @R_KELLEY6
People who own a home in Queens
have a better chance to save money
each month than the average
renter in the borough, according to
a new study by Property Shark and
RENTCafe.
The July 30 study concluded that in
44 of the 52 cities evaluated (with Manhattan,
Queens and Brooklyn counted
as three separate cities) people who
own homes are able to save money
each month aft er housing costs and
living necessities are paid for. Renters,
on the other hand, are likely to be in
the red in more than half of the cities
included in the study.
In Queens specifi cally, homeowners
can save $844 per month aft er expenses,
whereas renters are likely to be in
the hole for $497, the study shows.
One reason for the discrepancy is
that homeowners are typically older
than renters, and thus make more
money due to having more job experience,
the study notes. In addition,
owner-occupied homes are more
likely to host married couples, and
it’s much easier for two people to save
money than a single renter.
The study explains that the discretionary
income in each city was
determined by subtracting housing
and living costs from the median
household income. In general, cities
with higher living costs also have a
higher median income, but that doesn’t
always make it easier to save.
While Queens ranked in the
middle of the pack, Manhattan and
Brooklyn are on opposite ends of the
spectrum.
In fact, the study shows that Manhattan
homeowners rank at the very
top of the list, saving up to $4,692 per
month aft er expenses, but the borough
also has the highest living expenses
in the nation and the highest median
income. With the biggest discrepancy
of any city in the study, however, Manhattan
renters typically are in debt for
$1,466 each month.
Brooklyn did not fare nearly as well
as Manhattan or Queens. People who
own a home in Brooklyn are only able
to save about $223 per month, while
renters in the borough fared the
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