24 SEPTEMBER 16, 2021 RIDGEWOOD TIMES WWW.QNS.COM
August’s new lease signings set some new records: Report
Under $600,000
62-48 60th Place, Unit 3C
$598,000
Condo
2 bedroom, 2 bathroom
Wioletta Bednarzuk, Bart R E
Partners Inc.
$600,000-$1,000,000
63-15 Forest Ave. Unit 2J
$868,000
Condo
3 bedrooms, 2 bathrooms
Malgorzata Zarska, Omega Realty
of Greenpoint LLC
Over $1,000,000
19-14 Cornelia St.
$1,297,000
Multi Family
4 bedrooms, 2 bathrooms
Lucy Lu, Landmark International
R E LLC
Under $600,000
78-18 69th Place, Unit 1G
$515,000
Condo
2 bedrooms, 2 bathrooms
Michal Marek and Bartosz
Olszewski, Bart R E Partner Inc.
$600,000-$1,000,000
88-01 Rutledge Ave.
$875,000
Single Family
3 bedrooms, 2 bathrooms
Etan Hakimi and Mitra Hakimi,
Mitra Hakimi Realty Group LLC
Over $1,000,000
57-08 Cabot Road
$1,299,000
Multi Family
7 bedrooms, 3 Full and 2 Half
Bathrooms
Omar David Tovar, Winzone
Realty Inc.
Under $600,000
52-15 65 Place, Unit 4F
$259,000
Mid Rise
1 bedroom, 1 bathroom
Avi Baron, Oxford Property
Group USA
$600,000-$1,000,000
60-68 54th St.
$699,000
Townhouse
3 bedrooms, 2 bathrooms
Liu Hua and Yu Cheng Hs, B
Square Realty Inc.
Over $1,000,000
64-16 Perry Ave.
$1,475,000
Multi Family
6 bedrooms and 5 bathrooms
Marc Windheuser, RE/MAX City
Square
Under $600,000
71-09 Juniper Valley Road, Unit 1A
$599,000
Condo
2 bedroom, 1 full and 1 half
bathrooms
John Amore, Prime Realty
$600,000-$1,000,000
80-27 Cowles Court
$827,000
Single Family
3 bedrooms, 2 bathrooms
Christopher Tscherne, Tscherne
Realty Inc.
Over $1,000,000
72-22 66th Road
$1,550,000
Single Family
3 bedrooms, 3 bathrooms
Agata Landa, Capri Jet Realty
Corp
REAL ESTATE
BY KAYLA WONG
EDITORIAL@QNS.COM
@QNS
In northwest Queens, the number of new lease signings
surged to their second-highest level since 2008
when tracking began, according to a new report by
Douglas Elliman.
In August, 549 new leases were signed, following a
trend that began last fall, which helped reduce excess
supply. The number of new leases was up nearly 158%
from last year.
As a result, the report found that net eff ective
median rent slipped almost 2% year-over-year, from
$2,622 to $2,571.
New lease signings in Manhattan and Brooklyn
also rose to their highest for an August in at least 13
years.
The average rental price in the borough went down
from $3,073 to $2,960 from July to August, a decrease
of nearly 4%.
Landlord concessions averaged two months of
equivalent rent — the lowest total in a year — but still
well above the 1.1% monthly average for August over
the past decade.
The market share of apartments with landlord
concessions fell by nearly a third in the current month
since peaking late last fall, from 66.1% in November to
38.6% in August.
As tenants continue to secure longer-term leases
to preserve rental price savings, the market share of
two-year leases was up at nearly 70% compared to the
February low of neatly 14 percent.
Listing inventory fell by nearly 80% to 1,010, from
its January peak of 5,977.
Average studio, one-bedroom and two-bedroom
rental prices are down by 4.9%, 2.2% and 0.5%, respectively,
on a year-over-year basis, while three-bedroom
rental price is up 18.3%, according to the report.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Forest Avenue Rutledge Avenue 54th Street 66th Road