46 DECEMBER 13, 2018 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Report: Big shift in Queens rents last month
BY EMILY DAVENPORT
EDAVENPORT@RIDGEWOODTIMES.COM
Certain Queens neighborhoods
saw signifi cant changes in rent
prices in November, according
to a recent report.
MNS Real Estate released their November
2018 Rental Market Report,
which examined the increases and decreases
in average rent prices in neighborhoods
throughout the borough.
The report found that throughout
the month of November, Queens saw
the average rent price drop from
$2,252.66 to $2,218.60, marking a 1.51
percent decrease overall. However,
year-over-year rent prices have increased
by 0.14 percent compared to
November 2017.
Average rental prices for studio
apartments saw a slight increase in
November, raising from $1,837.41
to $1,844.13. One-bedroom and
two-bedroom apartments each saw a
decrease in month-to-month average
rental prices, decreasing from $2,150
to $2,099.02 and $2,770.58 to $2,712.65,
respectively. However, studios and
two-bedroom apartments were up 1.90
percent and 0.63 percent, respectively,
year-over-year while one-bedroom
units saw a 0.42 percent decrease.
While most neighborhoods saw a
decrease in month-to-month average
rental prices, Ridgewood saw a 1.9 percent
increase overall. While one-bedroom
units saw a slight decrease from
$1,961 to $1,946, two-bedroom units
saw an increase from $2,237 to $2,304.
Studio apartments saw the largest
increase throughout the borough,
raising from $1,763 to $1,821, marking
a 3.3 percent increase.
Long Island City saw the average rental
price decrease 2.66 percent in November,
However, despite this change Long
Island City was still the most expensive
neighborhood in terms of average rental
prices with studios, one-bedroom
and two-bedroom units averaging
$2,528, $3,101 and $4,020 respectively.
Other neighborhoods in Queens that
saw decreases in average rental prices
were Astoria (-2.44 percent), Flushing
(-0.49), Rego Park (-2.03 percent), and Jackson
Heights (-3.48 percent). Forest Hills
saw a slight correction of average rental
prices of 0.49 percent in November.
The least expensive studio, one-bedroom
and two-bedroom rentals overall
were found in Flushing, Jackson
Heights and Ridgewood, respectively.
To read the full report, visit mns.
com/queens_rental_market_report.
Photo via Pixabay
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD
Starr Street Central Avenue 59th Road 69th Road
Under $600,000
53-24 Metropolitan Ave.
$558,000
Condo
2 bedrooms, 1 bathroom
Malgorzata Pieniadz
Realty By The Park
$600,000-$1,000,000
1863 Starr St.
$959,000
2-family Colonial
4 bedrooms, 2 ½ bathrooms
Rita Maruca
Parkview Realty
Over $1,000,000
60-22 Bleecker St.
$1,100,000
2-family home
7 bedrooms, 2 full-baths, 1 half-bath
Li Qin Zou
B & T Realty
GLENDALE
Under $600,000
76-18 69th Pl.
$488,000
Condo
2 bedrooms, 2 bathrooms
Carmen Ciurea
Coldwell Banker Kueber Realty
$600,000-$1,000,000
80-72 59th St.
$949,000
2-family Colonial
5 bedrooms, 4 bathrooms
Wenxing Cao
Century Homes Realty Group
Over $1,000,000
65-06 Central Ave.
$1,600,000
1-family home with business
2 bedrooms, 1 bathroom
Michael Schulte
CH Queens
MASPETH
Under $600,000
52-24 65th Pl.
$319,999
Co-op
2 bedrooms, 1 bathroom
Joseph Abramaitis
O’Kane Realty
$600,000-$1,000,000
60-13 59th Rd.
$875,000
2-family home
6 bedrooms, 2 bathrooms
Juan Martinez
Winzone Realty
Over $1,000,000
60-63 60th Ln.
$1,200,000
3-family Colonial
6 bedrooms, 3 bathrooms
Steven Hirsch
Geoff rey Stevens Realty
MIDDLE VILLAGE
Under $600,000
69-06 78th St.
$539,000
1-family home
3 bedrooms, 1 ½ bathrooms
David Kueber
Coldwell Banker Kueber Realty
$600,000-$1,000,000
60-02 79th St.
$779,888
1-family Colonial
3 bedrooms, 2 bathrooms
Deirdre Folan
Keller Williams Realty Landmark
Over $1,000,000
79-38 69th Rd.
$1,100,000
2-family Townhouse
2 bedrooms, 2 bathrooms
Anna Szymanska
Marko Polo Realty Group
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