34 NOVEMBER 9, 2017 RIDGEWOOD TIMES WWW.QNS.COM
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLSL
RIDGEWOOD
Seneca Avenue 64th Lane 65th Place 77th Street
Under $500,000
2116 Greene Ave.
$499,000
Condo
2 bedrooms, 1 ½ bathrooms
Sameer Rastogi
Charles Rutenberg Realty
$500,000-900,000
361 Grandview Ave.
$898,000
2-family home
5 bedrooms, 3 bathrooms
Marian McKenna
Douglas Elliman Real Estate
Over $900,000
460 Seneca Ave.
$1,200,000
1-family bungalow
3 bedrooms, 1 ½ bathrooms
Adam Marinovic
Wyckoff Realty
GLENDALE
Under $600,000
74-12 64th Ln.
$588,000
1-family Colonial
3 bedrooms, 1 ½ bathrooms
Neal Modi
RE/MAX Frontier
$600,000-900,000
87-10 79th Ave.
$849,000
2-family Colonial
5 bedrooms, 2 bathrooms
John Lombardi
Crifasi Real Estate
Over $900,000
70-27 66th Pl.
$929,000
2-family Colonial
5 bedrooms, 2 ½ bathrooms
Joseph Bruno
Realty Central
MASPETH
Under $600,000
65-31 52nd Ave.
$548,000
Condo
2 bedrooms, 2 bathrooms
Christopher Tscherne
Tscherne Realty
$600,000-900,000
54-41 65th Pl.
$780,000
1-family Tudor
3 bedrooms, 1 ½ bathrooms
Stefania Mogollon
Winzone Realty
Over $900,000
58-24 71st St.
$940,000
2-family home
5 bedrooms, 2 ½ bathrooms
Frank S Urso
Homes By Mara
MIDDLE VILLAGE
Under $600,000
72-35 Metropolitan Ave.
$529,000
Condo
2 bedrooms, 1 bathroom
Bartosz Olszewski
Keller Williams Landmark II
$600,000-900,000
61-44 77th St.
$848,000
1-family townhouse
3 bedrooms, 2 bathrooms
Nancy Leone
Tscherne Realty
Over $900,000
68-14 79th St.
$1,219,000
4-family home
14 bedrooms, 4 bathrooms
Louis Campione
Campione Realty
REAL ESTATE
You need to make more money to live in Queens: report
BY ANGELA MATUA
AMATUA@RIDGEWOODTIMES.COM
@ANGELAMATUA
It’s no secret that rents in the city
are rising.
Studies show that in the past seven
years, rents have risen twice as fast as
wages in New York City and landlords
usually ask a tenant to pay at least 30
percent of his or her income.
Using data that outlined the median
asking rent for the third quarter of 2017
and median income for households in
Queens in 2016, real estate website StreetEasy
mapped out how much a Queens
resident should earn to live in a specifi c
neighborhood.
The median asking rent in Queens is
$2,200, which means a household would
have to earn $88,000 to rent in the borough.
The study also found that in nine
of more than two dozen neighborhoods
StreetEasy tracked, the household
income needed to aff ord renting is at
least 50 percent more than the household
income earned in the borough.
If you’re looking to rent in Fresh
Meadows, the study shows a household
must make at least $110,000, or 76.8
percent above the borough’s median
income. Other neighborhoods in northeast
Queens such as Whitestone and
Little Neck also topped the list.
In neighborhoods like Long Island
City, where rentals are constantly being
constructed, the median asking rent is
$2,570, requiring a household to make at
least $120,000, or 65.3 percent more than
the borough’s median household income.
The more aff ordable neighborhoods
include North Corona, where the
median asking rent is $1,650 and the
median income is $66,000; Briarwood,
where the median asking rent is $1,725
and the median household income is
$69,000; and Woodhaven, where the
median asking rent is $1,750 and the
median household income is $70,000.
StreetEasy acknowledges that some
renters do not pay market-rate rents
because they live in rent-controlled or
rent-subsidized apartments, aff ordable
housing or public housing or may have
leases set at lower rates. Many New
Yorkers also take on several roommates
to help alleviate the cost burden.
“So while comparing market-rate
rents with borough-wide incomes is
not a perfect match, it gives insight into
the struggle for aff ordability in the NYC
rental market by showing what a household
must earn to rent a market-rate
apartment in a given neighborhood,”
said Mariela Quintana, researcher at
StreetEasy.
Photo via Shutterstock
