28 SEPTEMBER 2, 2021 RIDGEWOOD TIMES WWW.QNS.COM
Average rent increases by more than 2 percent in Queens: Report
Under $600,000
71-03 Fresh Pond Road #A3D
$479,000
Condo
1 bedroom, 1 bathroom
Peter Nowik, Trademarko Realty
Inc
$600,000-$1,000,000
59-12 Putnam Ave.
$988,000
Multi-Family
5 bedrooms, 3 bathrooms
Jorge Navas, Winzone Realty Inc
Over $1,000,000
60-40 Catalpa Ave.
$1,250,000
Multi-Family
5 bedrooms, 3 bathrooms
Nan Zhang and Tao Zhang, N & H
Realty Group Inc
Under $600,000
80-80 Cypress Ave.
$590,000
Single Family
2 bedrooms, 1 bathroom
Rosa Collado, Keller Williams
Landmark II
$600,000-$1,000,000
69-38 Cooper Ave.
$799,000
Multi-Family
7 bedrooms, 2 bathrooms
Filippo Amato, Concrete Jungle
NYC Realty
Over $1,000,000
7846 79th Place
$1,189,999
Multi-Family
5 bedrooms, 4 bathrooms
Astrid Corrales, Winzone Realty
Inc
Under $600,000
52-21 65th Place Unit 6K
$335,000
Co-op
1 bedroom, 1 bathroom
Elisa Bonavita and John Pierre
Morales, Daniel Gale Real Estate
$600,000-$1,000,000
53-76 62nd St.
$825,000
Single Family
4 bedrooms, 2 bathrooms
Monica Stachura and Joseph
Guido, O Kane Realty
Over $1,000,000
53-07 70th St.
$1,175,000
Multi-Family
4 bedrooms, 2 bathrooms
Shivanand Kalipersadsingh,
Charles Rutenberg Realty Inc
Under $600,000
71-09 Juniper Valley Road Unit 1A
$599,000
Condo
2 bedrooms, 1 1/2 bathrooms
John Amore, Prime Realty
$600,000-$1,000,000
77-14 66th Road
$808,000
Single-Family
3 bedrooms, 1 1/2 bathrooms
Louis Pastorini, Coldwell Banker
Phillips
Over $1,000,000
67-27 Eliot Ave.
$1,275,000
Multi-Family
3 bedrooms, 2 bathrooms
Donna Demkowicz, Donna Demkowicz
R E Corp
REAL ESTATE
BY ANGÉLICA ACEVEDO
AACEVEDO@SCHNEPSMEDIA.COM
@QNS
Queens saw the average price of
rent increase by more than 2
percent in August, the largest
monthly increase this year, according
to a new report.
The average rental price in the
borough went up from $2,274.92 to
$2,323.02, a 2.11 percent increase, according
to a report by MNS real estate.
Diff erent unit types saw an increase
of at least 0.5 percent, while two-bedroom
units saw the biggest increase by
more than 3 percent from $2,758.83 to
$2,857.65.
Studio and one-bedroom rental
prices are up by almost 3 percent
and 4.5 percent, respectively, on a
year-over-year basis, according to
the report. In the same time span, the
average two-bedroom rentals went up
by almost 4 percent.
The report found rental prices in
Queens are up by nearly 4 percent
compared to this time last year.
The report tracks eight neighborhoods
in Queens: Long Island City,
Astoria, Ridgewood, Forest Hills,
Jackson Heights, Rego Park, Flushing
and Jamaica.
Five out of those eight saw their
average rental prices increase by
more than 1 percent: Long Island City
(4.33 percent), Astoria (3.94 percent),
Ridgewood (1.29 percent), Forest Hills
(1.04 percent), Jackson Heights (1.26
percent) and Jamaica (6.89 percent).
In August, the most expensive studio,
one-bedroom and two-bedroom
rentals by average price were all in
Long Island City.
The most aff ordable studios were
in Flushing, while the most aff ordable
one-bedroom rentals were in Jackson
Heights and two-bedroom rentals
were in Ridgewood.
Meanwhile, one-bedroom units
in Jamaica are up nearly 6 percent,
from $2,147 to $2,272 in August, making
it the largest monthly decrease
in average rental prices of the eight
neighborhoods.
MNS’ report is consistent with
other rent reports, such as Douglas
Elliman’s recent report that found
northwest Queen saw the median rent
rose annually for the fi rst time since
the peak of COVID-19.
New York City has also surpassed
San Francisco as the most expensive
rental market in the country, amid the
18 months of the COVID-19 pandemic,
according to a report by Zumper.
Previously, San Francisco held the
distinction of most expensive city to
rent since 2014, according to Patch.
The city’s average one-bedroom
rent is at $2,810, while San Francisco’s
average one-bedroom rent is at $2,800.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Catalpa Avenue Cypress Avenue 70th Street 66th Road
link
/WWW.QNS.COM
link
