30 DECEMBER 26, 2019 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Buy instead of rent in these Queens neighborhoods
BY EMILY DAVENPORT
EDAVENPORT@QNS.COM
@QNS
A recent report sought to answer
the age-old question: Does
it make more sense to buy or rent
your home in New York City?
StreetEasy recently released
an interactive map that charts
out each New York City neighborhood’s
“Tipping Point”,
revealing how long it takes for
buying a home in NYC before it
makes more fi nancial sense than
renting. According to their fi ndings,
those considering buying a
home in Queens overall would
need to stay in the home for 3.5
years before it becomes cheaper
than renting it.
The report found that the
Queens neighborhood with
the highest tipping point was
Flushing, with residents living
there for 5.29 years before the
fi nancial cost of buying to be less
than the cost of renting. Following
close behind is Long Island
City, with a 5.04-year tipping
point.
The third highest tipping
point neighborhood is Astoria
with a 4.75-year living period.
Tied for numbers four and fi ve
were Bayside and Whitestone,
both with a 4.54-year living
period.
StreetEasy found that Ozone
Park had the lowest tipping point
in the borough with a 0.08-year
living period, making it more affordable
to buy rather than rent.
Jamaica Hills was the second
lowest with a one year tipping
point, followed by Jamaica with
a 1.46-year tipping point. Following
behind are Jamaica Estates
and Glen Oaks with a 1.50-year
tipping point and a 1.54-year
tipping point, respectively.
Visit streeteasy.com to see the
full report and the full interactive
map.
Ridgewood Times Sales Guide
Photo via StreetEasy
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Woodward Avenue
Listings selected at random. Courtesy MLS
Under $600,000
63-16 Forest Ave. UNIT 1B
$497,000
Condo
2 bedrooms, 2 bathrooms
Joe Hasselt
Joe T Hasselt, REALTOR
$600,000-$1,000,000
17-46 Starr St.
$975,000
Duplex
3 bedrooms, 2 bathrooms
Marek Sobolewski
Trademarko Realty Inc
Over $1,000,000
210 Woodward Ave.
$1,295,000
Cape
2 bedrooms, 2 bathrooms
Aaron Ram
RE/MAX City Square
79th Avenue 58th Avenue 60th Drive
Under $600,000
90-60 Union Tpke. UNIT 17D
$365,000
Co-op
2 bedrooms, 1 bathroom
Michal Marek,Bartosz Olszewski
Sold By Bart R E Partners Inc
$600,000-$1,000,000
88-38 79th Ave.
$849,000
Single-family
3 bedrooms, 3 bathrooms
Lorenzo Cesare
Century 21 Amiable Rlty Grp II
Over $1,000,000
72-02 Cooper Ave.
$1,100,000
Mixed-use
3 bedrooms, 2 bathrooms
Matthew Spezzano
Selective Properties Rl Est
Under $600,000
52-24 65th Place UNIT 1H
$325,000
Co-op
2 bedrooms, 1 bathroom
Catherine Botero, Christine Arato
O Kane Realty
$600,000-$1,000,000
64-10 55th Ave.
$879,000
Two-story
3 bedrooms, 3 bathrooms
Kinson Tan, He Xin Zheng
Tyme Realty Corp
Over $1,000,000
66-36 58th Ave.
$1,449,000
Colonial
3 bedrooms, 2 bathrooms
John Lombardi
Crifasi Real Estate Inc
Under $600,000
83-33 60th Drive
$599,000
Colonial
2 bedrooms, 2 bathrooms
Kammy Xiao Nguyen
Keller Williams Landmark II
$600,000-$1,000,000
73-07 69th Road
$849,999
Colonial
3 bedrooms, 3 bathrooms
Rosemarie Lestz
Stephen Joseph Properties
Over $1,000,000
71-20 66th Drive
$1,250,000
Traditional
3 bedrooms, 3 bathrooms
Donna Russo DiCesare
Russo Realty Properties
/streeteasy.com
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