REAL ESTATE
Ridgewood had the biggest increase in average rental prices in March across Queens
Photo by Michael Shain
Sales in QueensHOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
DOUGLASTON WOODSIDE BELLEROSE FOREST HILLS
Under $500,000
160-01 16th Ave., Whitestone
$368,000
Co-op
2 bedrooms, 1 bathroom
Stephen Tong
Century 21 Bay Benjamin
$500,000-$900,000
240-05 65th Ave., Douglaston
$799,000
Single-family
4 bedrooms, 2 bathrooms
Po Wei Tair
RE/MAX 1st Choice
Over $900,000
52-27 Browvale St., Little Neck
$1,780,000
Single-family
4 bedrooms, 4.5 bathrooms
Roman Davydov
Exit Realty First Choice
Under $500,000
5605 31st Ave., Woodside
$475,000
Co-op
2 bedrooms, 1 bathroom
Geraldine McKeon
Keller Williams Landmark II
$500,000-$900,000
50-02 60th St., Woodside
$770,000
Single-family
3 bedrooms, 1.5 bathrooms
Lucy Lu
Landmark International R E LLC
Over $900,000
42-19 66th St., Woodside
$1,100,000
Multi-family
6 bedrooms, 2 bathrooms
Amanda Laniado
Elite Team Realty LLC
Under $500,000
248-02 76th Ave., Bellerose
$415,000
Co-op
2 bedrooms, 1 bathroom
Susan Sanchez
Exit Realty Milestone
$500,000-$900,000
110-14 223rd St., Queens Village
$505,000
Single-family
3 bedrooms, 2 bathrooms
John Baker
East Coast REALTORS Inc.
Over $900,000
84-22 247th St., Bellerose
$1,225,000
Single-family
4 bedrooms, 4 bathrooms
Gurvinder Brar
LionGate Properties Inc.
Under $500,000
68-37 108th St., Forest Hills
$328,000
Co-op
1 bedroom, 1 bathroom
Lori Estrin
Castle Estates Realty Inc.
$500,000-$900,000
88-40 75th St., Woodhaven
$689,000
Multi-family
4 bedrooms, 2.5 bathrooms
David Torres
Owners.Com
Over $900,000
73-17 Kessel St., Forest Hills
$1,298,800
Single-family
3 bedrooms, 1.5 bathrooms
John Keane
RE/MAX Team
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
As the fi rst quarter of 2019 ended, average
rental prices throughout Queens were
still on the rise.
MNS Real Estate recently released their
March 2019 Rental Market Report, which
took a look at the ongoing trends in rental
prices throughout Queens. Th e report
found that throughout the month of
March, rental prices rose from $2,212.64
to $2,255.66, marking a 1.94 percent
increase compared to February 2019.
Year-over-year, studio, one- and
two-bedroom units all saw their average
prices increase, by 6.78 percent, 1.99
percent and 2.04 percent, respectively.
Average rental prices for studios rose
from $1,804.31 to $1,893.99; one-bedroom
prices increased from $2,142.78 to
$2,177.72; and two-bedrooms rose from
$2,690.84 to $2,695.26.
Th e largest monthly increases for prices
of studio apartments took
place in Ridgewood, where prices
rose from $1,700 to $2,095,
marking a 23.3 percent increase
in March. Jackson Heights followed
with a 10 percent price
increase for studio rentals, raising
from $1,500 to $1,650.
Flushing saw two of the largest
monthly decrease for rental
prices this past March. Prices
for studio apartments decreased
from $1,629 to $1,558 (-4.4 percent)
and two bedrooms units
decreased from $2,539 to $2,377
(-6.4 percent).
For the third month in
a row, Long Island City had
the most expensive studio,
one-bedroom and two-bedroom
units in March, with prices averaging
$2,513, $3,130 and $4,063, respectively.
Ridgewood had the least expensive
two-bedroom units with prices averaging
$2,269 in March. Jackson Heights had the
least expensive one-bedroom units with
pricing averaging $1,794 and Flushing
had the least expensive studios.
Neighborhoods that saw overall increases
in their average rental prices in March
2019 were Long Island
City, Astoria, Jackson
Heights and Forest Hills,
which saw a 2.02 percent,
1.95 percent, 3.56
percent and 5.03 percent
increase, respectively.
Ridgewood saw the
largest increase with a
23.24 percent increase
in their average rental
prices, which MNS Real
Estate attributes to low
inventory along with an
increase in luxury listings.
Flushing was the only
neighborhood that saw
an overall decrease in
average rental prices,
decreasing 2.49 percent. Rental prices in
Rego Park saw a 2.21 percent price correction
in March 2019.
Read the full report at www.mns.com/
queens_rental_market_report.
/Owners.Com
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