32 NOVEMBER 23, 2017 RIDGEWOOD TIMES WWW.QNS.COM
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLSL
RIDGEWOOD
67th Avenue Central Avenue 52nd Avenue Furmanville Avenue
Under $600,000
63-15 Forest Avenue
$495,000
Condo
1 bedroom, 1 bathroom
Derek Eisenberg
Continental Real Estate Group
$600,000-$1,000,000
361 Grandview Avenue
$898,000
2-family home
5 bedrooms, 3 bathrooms
Marian McKenna
Douglas Elliman Real Estate
Over $1,000,000
60-63 67th Avenue
$1,285,000
2-family Colonial
5 bedrooms, 5 bathrooms
Gabriel Kashi
Keystone Realty USA Corp
GLENDALE
Under $600,000
79-74 77th Road
$599,000
1-family ranch
2 bedrooms, 1 bathroom
Joanne Goode
Lovett Realty
$600,000-$1,000,000
71-15 Central Avenue
$695,000
2-family home
4 bedrooms, 3 bathrooms
Louis Pastorini
Coldwell Banker Phillips
Over $1,000,000
78-74 82nd Street
$1,375,000
3-family contemporary
8 bedrooms, 6 bathrooms
Malgorzata Zarska
Omega Realty of Greenpoint
MASPETH
Under $600,000
52-24 65th Place
$299,000
Co-op
2 bedrooms, 1 bathroom
Jaroslaw Kaszuba
Exit All Seasons Realty
$600,000-$1,000,000
66-24 53rd Avenue
$899,000
2-family Colonial
5 bedrooms, 2 bathrooms
Gulnara Cotiga
Landmark International R E LLC
Over $1,000,000
66-04 52nd Avenue
$1,080,000
2-family contemporary
5 bedrooms, 3 bathrooms
Jackson Wen
Century 21 American Homes
MIDDLE VILLAGE
Under $600,000
66-11 71st Street
$380,000
Condo
1 bedroom, 1 bathroom
Stephen Chow
Winzone Realty
$600,000-$1,000,000
75-45 Furmanville Avenue
$899,000
1-family home
3 bedrooms, 2 bathrooms
Thomas Blanco
Crifasi Real Estate
Over $1,000,000
63-59 75th Street
$1,348,888
2-family contemporary
4 bedrooms, 3 bathrooms
Irina Yusufova
Keller Williams Realty Gold Coast
REAL ESTATE
Queens housing market is one of the least aff ordable in the U.S.: study
BY ANGELA MATUA
AMATUA@QNS.COM / @ANGELAMATUA
A new study by real estate website
Point2 Homes found that the
Queens housing market is one
of the least aff ordable in the United
States.
The study, which analyzed how fast
a family could pay off their home if
they spent their entire annual income,
found that Queens was ranked the 10th
least aff ordable city out of 32 cities. To
determine aff ordability, researchers
calculated the median multiple of each
city. To do this, they divided the median
home sales price by the median
annual family income.
The higher the ratio is — 3 and lower
is considered aff ordable — the longer it
will take a family to pay off their home.
Not surprisingly, Manhattan
ranked 1 on the list while Brooklyn
was the third least affordable city.
Queens also made the top of the list,
coming in at 10. The median multiple
in Queens is 7.9, beating out cities like
Washington, D.C., the Bronx, Denver,
Portland, Chicago, Nashville and more.
It would take a family making the
median family income 7.9 years to pay
off their home if they contributed their
entire salary toward the house.
The median home sale price in the
borough is $490,867 and while that
price tag may be less than other cities
on the list, the median family income
in Queens is $62,207. The median
family income in the United States is
$56,516.
The study also analyzed the median
multiple in North America and
included cities in Canada and Mexico.
Queens ranked 11th on that list, making
it less aff ordable than cities such
as Toronto and Ottawa in Canada and
Mexico City.
Another report by PropertyShark
released earlier this year found that
in 2016, fi rst-time foreclosures in the
borough have reached highs not seen
in fi ve years. In 2016, 933 of 2,2002
homes scheduled for foreclosure in
New York City were located in Queens.
Photo via Shutterstock
Queens ranked 10th on a list of least aff ordable cities in the U.S.
