28 OCTOBER 14, 2021 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Queens nabes among NYC’s best for fi rst-time homebuyers in 2021
BY KAYLA WONG
EDITORIAL@QNS.COM
@QNS
The process of buying a home is never
easy, and throwing the pandemic
into the mix might make fi rst-time
homebuyers hesitant to look.
Yet StreetEasy economist Nancy
Wu said that with the sheer number
of homes on the market, low mortgage
rates and stable prices, many decided
that this was actually the best year to
buy. While NYC isn’t quite known for
its wide selections of aff ordable housing,
StreetEasy’s new study explores
the top 10 best NYC neighborhoods
for fi rst-time homebuyers. The list
features four Queens neighborhoods.
Compared to the data StreetEasy
pulled in 2019, eight of the 10 neighborhoods
on the list are repeats.
During that year, Forest Hills
ranked No. 1, and Kew Gardens was
on the list, rather than newly added
Flushing. The Upper East Side was the
other new addition to the list this year.
According to Wu, these areas made
their way onto the list because they
both gained a lot more inventory in
2021. More inventory means there
are more aff ordable homes to suit the
budgets of fi rst-time home buyers.
In their study, StreetEasy looked
for homes that would be aff ordable to
New Yorkers ages 25 to 44 who earn
the city’s median annual income of
$70,406. According to a recent Street-
Easy survey, millennials make up the
majority of fi rst-time buyers in NYC,
with the typical new buyer being 37
years old.
Queens is becoming the place to look
when it comes to aff ordable housing.
Just last month, StreetEasy came out
with another study about how they
predict the Queens real estate market
will be the hottest in NYC come 2022 —
or even as early as this fall.
The complete list of neighborhoods
is below:
• Sheepshead Bay, Brooklyn
• Forest Hills, Queens
• Riverdale, Bronx
• Jackson Heights, Queens
• Midtown East, Manhattan
• Upper East Side, Manhattan
• Bay Ridge, Brooklyn
• Flushing, Queens
• Rego Park, Queens
• Midwood, Brooklyn
Whether you’re curious or seriously
considering purchasing a home, buyers
in New York defi nitely have the
market dynamics working in their
favor, and these 10 neighborhoods provide
some context as to where pockets
of aff ordable homes are.
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
60th Street
Listings selected at random. Courtesy MLS
Under $600,000
1671 Summerfield St. Unit 3F
$549,000
Condo
1 bedroom, 1 bathroom
Ronny Zimin, Bedrock LLC
$600,000-$1,000,000
63-15 Forest Ave. Unit 2J
$865,000
Condo
3 bedrooms, 2 bathroom
Andrew Alexander, Richmont
Realty
Over $1,000,000
6720 60th St.
$1,100,000
Multi Family
4 bedrooms, 3 bathrooms
Giovanni Castro, Compass
76th Street 60th Drive 82nd Street
Under $600,000
90-50 Union Tpke., Unit 6L
$315,000
High Rise
2 bedroom, 1 bathroom
Bartosz Olszewski, Bart R E Partners
Inc.
$600,000-$1,000,000
78-06 76th St.
$749,000
Single Family
3 bedrooms, 3 bathrooms
Vincent Koo, EXP Realty NYC
Over $1,000,000
5708 Cabot Road
$1,249,000
Multi Family
7 bedrooms, 5 bathrooms
Omar David Tovar, Winzone
Realty Inc.
Under $600,000
70-05 45th Ave., Unit 2A
$535,000
Condo
2 bedrooms, 2 bathrooms
Zhi Chen, Sun America Realty
Group Inc.
$600,000-$1,000,000
62-61 60th Drive
$699,000
Single Family
3 bedrooms, 2 bathrooms
Stephanie Kubler, Novus Realty
Group Inc.
Over $1,000,000
56-21 61st St.
$1,159,000
Multi Family
7 bedrooms, 4 bathrooms
Peter Nowik, Trademarko Realty
Inc.
Under $600,000
66-06 70th St., Unit 2B
$399,000
Condo
1 bedroom, 1 bathroom
John Amore, Prime Realty
$600,000-$1,000,000
73-01 68th Ave.
$779,000
Multi Family
3 bedrooms, 2 bathrooms
Cody Macaluso, Macaluso
Realty
Over $1,000,000
61-08 82nd St.
$1,199,000
Multi Family
3 bedrooms, 4 bathrooms
Rosemary Zollo, Lucky To Live
Here Realty
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