REAL ESTATE
Nearly $5 billion in Queens real estate changed hands in 2018
Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
DOUGLASTON WOODSIDE QUEENS VILLAGE OZONE PARK
Under $500,000
144-60 Gravett Rd., Flushing
$148,000
Co-op
1 bedroom, 1 bathroom
Shirley Chen, Hui Fang Chen, AAA
Young Shuen Realty Inc.
$500,000-$900,000
1 Bay Club Dr., Bayside
$529,000
Condo
1 bedroom, 1 bathroom
Diane Arganoff , Arganoff Realty
Over $900,000
604 Shore Rd., Douglaston
$5390,000
Colonial
6 bedrooms, 5 bathrooms
Nina Kowalsky, Rula Baki, Daniel Gale
Associates Inc.
Under $500,000
33-44 93rd St., Jackson Heights
$219,000
Co-op
1 bedroom, 1 bathroom
William Kokoris, Compass Greater NY
LLC
$500,000-$900,000
72-33 51st St., Woodside
$720,000
Colonial
4 bedrooms, 2 bathrooms
Fei Qi, Canale Realty LLC
Over $900,000
25-40 Shore Blvd., Astoria
$1,579,888
Condo
2 bedrooms, 2 bathrooms
Luca DiCiero, NY Space Finders Inc
Under $500,000
84-50 169th St., Jamaica
$135,000
Co-op
1 bedroom, 1 bathroom
Jeff rey Jean Baptiste, Lettre Realty Inc.
$500,000-$900,000
214-19 104th Ave., Queens Village
$505,000
Colonial
4 bedrooms, 2 bathrooms
Rebecca Murphy, Israel Martinez, Exit
Kingdom Realty
Over $900,000
85-29 Wicklow Pl., Jamaica Estates
$2,149,000
Colonial
4 bedrooms, 5 bathrooms
Annie Hsu, Julia Shildkret Real Estate
Under $500,000
151-31 88th St., Howard Beach
$159,998
Co-op
1 bedroom,1 bathroom
CArolyn DeFalco, Keller Williams Realty
Liberty
$500,000-$900,000
107-38 90th St., Ozone Park
$526,000
Colonial
2 bedrooms, 2 bathrooms
Chuan Wang Chen, E Realty International
Corp
Over $900,000
110-38 68th Ave., Forest Hills
$2,199,000
Colonial
5 bedrooms, 4 bathrooms
Liana Ellis, Alla Yakubov, NY Empire
Real Estate
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
A new report found that
Queens had a very active year
in real estate this past year.
Ariel Property Advisors
recently released their Queens
2018 Year-End Sales Report.
According to their fi ndings,
Queens experienced 619
transactions that comprised of
779 properties, totaling $4.76
billion, marking a 7 percent
increase from 2017.
Following Amazon’s original
announcement for the
HQ2 plans, interest grew in
throughout the borough, particularly
in the northwest area.
Th e report found that the
northwest section of Queens
led the borough in terms of
activity, accounting for 75 percent
of dollar volume and 60
percent of transaction volume.
Year-over-year, the
multi-family market increased
51 percent in dollar volume
and 10 percent in transaction
volume. Th e report
found that the top fi ve neighborhoods
with the most
amount of multi-family listings
in Queens were Long
Island City (69), Astoria (57),
Flushing (48), Jamaica (46)
and Ridgewood (46).
However, overall the volume
of multi-family units
for sale decreased seven percent
year-over-year. Price per
square foot fell to $365 in 2018
from $371 in 2017.
Th e report found that commercial
assets saw an increase
in pricing, marking a 33 percent
increase in the average
price per square foot from
$537 to $714, year-over-year.
Ariel Property Advisors cites
prime retail in Flushing contributed
to the higher pricing,
including the purchase
of 136-16 Roosevelt Ave., a
single tenant asset, by Great
World Realty from Wharton
Properties. Th e property was
sold for over $4,000price per
square foot and is adjacent to
New World Mall.
Development, industrial,
and garage assets were active
in 2018. Combined, they
yielded more activity across
the board, with a 19 percent
increase in dollar volume, 15
percent increase in transaction
volume and a 24 percent
increase in property volume
year-over-year.
File photo/Shutterstock
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