28 OCTOBER 21, 2021 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
NW Queens sees year-over-year increase new in lease signings
BY KAYLA WONG
EDITORIAL@QNS.COM
@QNS
In northwest Queens, the number of new leases,
excluding renewals, more than doubled year over
year, with 384 new leases signed in September and
a nearly 115% increase from the same time last year,
according to a new report by Douglas Elliman.
The number of new leases signed also rose by a
third from the same period two years ago. Yet, it was
still the lowest year-over-year increase since March,
and fell short of setting a record for the fi rst time in
six months.
New lease singing also dropped from the prior
month by 30%.
The report also shows that the net eff ective median
rental price with concessions rose month over month
for two of the past three months by nearly 2%, but it
was lower than the same month two years ago by 6%.
On a year-over-year basis, net eff ective median
rent rose by more than 7% to $2,618, increasing more
for larger apartments than smaller apartments.
The market share of landlord concessions remained
higher with smaller apartments, but overall
fell from nearly 63% in the prior year to nearly 40%.
The monthly rental equivalent of concessions
provided by landlords fell to 2 months from the
second set in January of 3.4 months, but well above
the 1.3 month September average of the past decade.
Total listing inventory went up by almost 30% from
the same time last year, but dropped 21% from the
month prior.
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Rene Court
Listings selected at random. Courtesy MLS
Under $600,000
1506 Decatur St., Unit 3R
$598,000
Condo
2 bedroom, 1 bathroom
Artem Khaykin, TwoRealEstate
LLC
$600,000-$1,000,000
21-16 Rene Ct.
$999,000
Multi Family
6 bedrooms, 3 bathroom
Lotfi Chortani, Target Realty
Group Corp
Over $1,000,000
1876 Willoughby Ave., Floor 2
$1,299,000
Multi Family
3 bedrooms, 3 bathrooms
Shao Ye, Purple Stone Realty
LLC
60th Lane 64th Street 80th Street
Under $600,000
90-50 Union Turnpike, Unit 6L
$315,000
High Rise
2 bedroom, 1 bathroom
Bartosz Olszewski and Michal
Marek, Bart R E Partners Inc.
$600,000-$1,000,000
75-08 60th Lane
$879,000
Multi Family
5 bedrooms, 2 bathrooms
Thomas Tarantola, Coldwell
Banker American Homes
Over $1,000,000
8503 Myrtle Ave.
$1,099,999
Townhouse
4 bedrooms, 3 bathrooms
Gabriel Kashi, Keystone Realty
USA Corp
Under $600,000
70-09 45th Ave., Unit 6B
$462,000
Condo
1 bedroom, 1 bathroom
Zhi Chen, Sun America Realty
Group Inc.
$600,000-$1,000,000
6424 60th Road
$829,000
Multi Family
3 bedrooms, 2 bathrooms
Edyta Pintel, Dream Key Realty
Corp
Over $1,000,000
5313 64th St.
$1,148,000
Single Family
4 bedrooms, 3 bathrooms
Donna Hermanowski, Queens
Central Realty DH LLC
Under $600,000
60-70 Woodhaven Blvd., Unit 5D
$559,000
Condo
2 bedrooms, 2 bathrooms
Sherry Jiang, Nest Seekers
International
$600,000-$1,000,000
6506 80th St.
$810,000
Single Family
3 bedrooms, 1 bathroom
Donna M Demkowicz, Donna Demkowicz
R E Corp
Over $1,000,000
60-08 83rd St.
$1,480,000
Multi Family
7 bedrooms, 4 bathrooms
Louis Calemine, Calemine & Co.
Real Estate
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