30 AUGUST 17, 2017 RIDGEWOOD TIMES WWW.QNS.COM
Ridgewood Times Real Estate Guide
Listings selected at random. Courtesy MLSLI
RIDGEWOOD
65th Place 80th Street 59th Road Dry Harbor Road
Under $500,000
21-18 Greene Avenue
$399,000
Condo
1 bedroom, 1 bathroom
Julia Xelas
Prime Realty
$500,000-$900,000
72-23 65th Place
$895,000
2-family colonial
5 bedrooms, 3 bathrooms
Richard Gambino
Century 21 American Homes
Over $900,000
59-12 Madison Street
$1,298,000
3-family colonial
6 bedrooms, 3 bathrooms
Adam Krzesniak
Keller Williams Landmark II
GLENDALE
Under $600,000
76-07 69th Place
$599,000
1-Family
3 bedrooms, 1 full bathroom/1 half
bathroom
Ashish Dhingra
TopLine Realty Group
$600,000-$900,000
77-22 85th Street
$818,000
2-Family
2 bedrooms, 2 bathrooms
Joseph Crifasi
Crifasi Real Estate Inc.
Over $900,000
78-52 80th Street
$1,290,000
3-Family Colonial
7 bedrooms, 5 bathrooms
Joseph Bruno
Realty Central
MASPETH
Under $500,000
52-15 65th Place
$265,000
Co-op
2 beds, 1 bathroom
Maureen Brennan
O Kane Realty
$500,000-$900,000
68-05 59th Road
$649,000
1-Family Colonial
2 bedrooms, 2 bathrooms
Lisa Grassia
Exit Kingdom Realty
Over $900,000
62-25 60th Drive
$1,120,000
2-Family
6 bedrooms, 3 full bathrooms,
1 half bathroom
Erika Demkowicz
Donna Demkowicz Realtor
MIDDLE VILLAGE
Under $500,000
57-45 74th Street
$349,000
Condo
1 bedroom, 1 bathroom
David Pastorini
Coldwell Banker Phillips
$500,000-$900,000
75-19 67th Rd , Middle Village
$818,000
2-Family
5 bedrooms, 2 bathrooms
Sudeep Modi
RE/MAX Frontier
Over $900,000
62-20 Dry Harbor Road
$1,049,000
1 Family Store+Dwell
3 bedrooms, 1 full bathroom,
2 half bathrooms
Lawrence Caruana
Tscherme Realty Inc
REAL ESTATE
Ridgewood has second-lowest home turnover rate in NYC: report
BY ANGELA MATUA
AMATUA@RIDGEWOODTIMES.COM
A recent article in The New York
Times examined the housing
market in New York City and
found that in some neighborhoods of
Queens, a house rarely switches hands.
Partnering with StreetEasy, a real
estate search engine, the Times found
that Richmond Hill has a turnover
rate of just 9 percent, and that the
southern section of the neighborhood
has a turnover rate that is less than 1
percent. The data comes from Department
of Finance records from 2010
through 2017.
According to the article, prospective
tenants who are interested in moving
to Richmond Hill and other low turnover
neighborhoods have a better
chance of fi nding a home if they know
the local broker. Some homeowners
in Richmond Hill are also against new
residents destroying historic aspects
of the Victorian-style buildings, making
the process much more selective.
The report also found that Ridgewood
had the second lowest turnover
rate, with only 3 percent of residential
inventory selling. Maspeth has a 4
percent turnover rate, Glendale has
a 5 percent turnover rate and Astoria
has a 6 percent turnover rate.
The neighborhood with the highest
turnover rate is Forest Hills (29 percent),
as noted in The New York Times story.
Other neighborhoods where residential
inventory changes hands the most
include Glen Oaks Village (27 percent),
Rego Park (25 percent), Kew Gardens (24
percent) and Long Island City (24 percent).
Overall, the turnover rate in New
York City from 2010 through 2017 was
15 percent.
A recent report by the Real Estate
Board of New York found that Rego
Park, Forest Hills and Kew Gardens
experienced a 24 percent increase
in cooperative sales, with 299 sales
during the second quarter of 2017.
Interestingly, neighborhoods that saw
the largest sales in one- to three-family
homes include Richmond Hill, South
Ozone Park and Woodhaven. Collectively,
the area saw a 46 percent increase in
home sales with 357 sales in the second
quarter compared to last year.
Photo via Modern Spaces
A study found that Richmond Hill has the lowest residential turnover rate in Queens.
