32 OCTOBER 29, 2020 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Rental listings hit record high in Queens: Report
BY JACOB KAYE
JKAYE@SCHNEPSMEDIA.COM
@QNS
The number of apartments available for rent in
Queens hit a record high in the borough during
the third quarter of this year, according
to a new report.
During the third quarter of 2020, there were a
total of 15,896 rental listings available in Queens,
according to a report from real estate company
StreetEasy. The nearly 16,000 listings marks a
record high and an increase of over 41 percent
when compared to the third quarter of 2019, the
report said.
The increase in available units was a great
benefit to renters, the report said. Queens saw a
near record high of discounted units, with over 26
percent of apartments being rented at a discount
in quarter three, StreetEasy said.
The average rental price dropped by over 2
percent year-over-year, hitting $2,200 in the third
quarter. This marked the largest year-over-year
decline in rents in Queens since 2010, according
to the report.
Despite the records set in the borough, Queens’
rental market has seen more stability than the
rental market in Manhattan and Brooklyn.
Rental inventory in Manhattan grew by 44.7
percent, a similar number seen in Brooklyn.
Additionally, several regions in Queens actually
saw a drop in rental inventory, something not
seen in either Manhattan or Brooklyn. Northeast
Queens, south Queens and the Rockaways all had
fewer rental listings available in the third quarter
than they did in the third quarter of 2019, according
to the report.
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Suydam Street
Listings selected at random. Courtesy MLS
Under $600,000
62-48 60th Place, Unit 1B
$399,000
Condo
1 bedroom, 1 bathroom
Michelle O Kane, O Kane Realty
$600,000-$1,000,000
18-63 Suydam St.
$820,000
Tudor
3 bedrooms, 1 full and 1 half
bathroom
Fabiana Reyes, EXP Realty
Over $1,000,000
75-09 60th Lane
$1,379,000
Townhouse
6 bedrooms, 4 bathrooms
Peter Nowik, Trademarko Realty
Inc
65th Street 64th Street 63rd Avenue
Under $600,000
76-08 69th Place, Unit 3B
$559,000
Condo
2 bedrooms, 2 bathrooms
Patricia Zielinski, Keller Williams
Legendary
$600,000-$1,000,000
78-57 76th St.
$839,000
Two Story
3 bedrooms, 2 bathrooms
Kaszuba Jaroslaw, Exit All Seasons
Realty
Over $1,000,000
68-28 65th St.
$1,099,000
Two Story
6 bedrooms, 3 bathrooms
Michael Bifalco, Capri Jet Realty
Corp
Under $600,000
52-60 65th Place, Unit 6A
$290,000
Mid Rise
1 bedroom, 1 bathroom
Beata Fil, Exit All Seasons Realty
$600,000-$1,000,000
53-39 64 St.
$889,000
Colonial
3 bedrooms, 2 bathrooms
Millie Hong, East Coast REALTORS
Inc
Over $1,000,000
63-19 53rd Drive
$1,350,000
Multi-Family
4 bedrooms, 3 bathrooms
Hui Lu, Landmark International
R E LLC
Under $600,000
66-83 70th St., Unit 2B
$485,000
Condo
2 bedrooms, 1 bathroom
Agata Landa, Capri Jet Realty
Corp
$600,000-$1,000,000
68-19 61st Road
$849,000
Two Story
3 bedrooms, 2 full and 1 half
bathroom
Andrew LaSala, Crifasi Real Estate
Inc
Over $1,000,000
82-32 63rd Ave.
$1,199,000
Colonial
4 bedrooms, 3 full and 1 half
bathrooms
Shri Singh, Berkshire Hathaway
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