REAL ESTATE
LIC, Flushing rents soaring as high as their skylines: report
Sales in QueensHOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
WHITESTONE WOODSIDE JAMAICA FOREST HILLS
Under $500,000
214-05 73rd Ave, Oakland Gardens
$220,000
Co-op
1 bedroom, 1 bathroom
Apple Realty Group Corp.
$500,000-$900,000
162-04 14th Ave., Whitestone
$888,888
Colonial
3 bedrooms, 2 bathrooms
Robert Gellert, Nicole Forte, Shares Of
New York Marketing
Over $900,000
157-57 Rose Ave., Flushing
$3,200,000
Colonial
4 bedrooms, 5 bathrooms
Fang Quan He, MEHOME Realty
Under $500,000
33-05 90th St., Jackson Heights
$225,000
Co-op
1 bedroom, 1 bathroom
David Barriga, Douglas Elliman Real
Estate
$500,000-$900,000
24-65 38th St., Astoria
$749,000
Co-op
2 bedrooms, 1 bathroom
Bianca Colasuonno, Compass Greater NY
LLC
Over $900,000
43-09 68th St., Woodside
$1,620,000
Colonial, 5 bedrooms, 4 bathrooms
Terence Park, Realty Connect USA
Under $500,000
84-49 168th St., Jamaica Hills
$160,000
Co-op, 1 bedroom, 1 bathroom
Virginia Rallis, REALTOR
$500,000-$900,000
109-21 200th St., Jamaica
$515,000
Colonial
5 bedrooms, 2 bathrooms
Kenneth Mungin, Elana Bernstein, Fave
Realty Inc
Over $900,000
86-20 Avon St., Jamaica Estates
$1,950,000
Colonial
9 bedrooms, 7 bathrooms
Rafael Ching, Keller Williams Realty
Greater
Under $500,000
83-20 98th St., Woodhaven
$175,000
Co-op
1 bedroom,1 bathroom
Malgorzata Guerrero, O Kane Realty
$500,000-$900,000
102-20 163rd Dr., Hamilton Beach
$510,000
Colonial
3 bedrooms, 1 bathroom
Vincent Musca, Century 21 Amiable Rlty
Grp II
Over $900,000
74 Ascan Ave., Forest Hills
$2,888,000
Tudor
5 bedrooms, 4 bathrooms
Steven Baroumis, SBNY RE
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
A recent report found that while overall
rental prices in Queens saw slight
decreases, certain neighborhoods are still
experiencing climbing rental prices.
MNS Real Estate recently released their
April 2019 Rental Market Report, which
took a look at the ongoing trends in
Queens rental prices. Th e report found
that throughout the month of April, average
rental prices dropped from $2,255.66
to $2,250.92, marking a 0.21 percent
decrease compared to March 2019.
Despite the slight decrease, year-overyear
average prices for studio, one- and
two-bedroom units all saw their average
prices increase, by 4.6 percent, 2.83 percent
and 2.58 percent, respectively.
From March to April, average rental prices
for studios dropped from $1,893.99 to
$1,876.79; one-bedroom prices increased
from $2,177.72 to $2,180.12; and two-bedrooms
rose from $2,695.26 to $2,695.86.
Th e largest monthly increases took place
in Flushing and Jackson Heights. Studio
apartments in Flushing saw a 7.2 percent
increase in price, raising from $1,558 to
$1,669 on average. Jackson Heights had
the highest price jump for two-bedroom
units, raising from $2,311 to $2,449 (+6
percent).
Th e prices of studio apartments saw
huge dips in Rego Park and Forest Hills,
with prices decreasing from $1,745 to
$1,616 in Rego Park (-7.4 percent) and
$1,885 to $1,760 in Forest Hills (-6.6 percent).
For the fourth month in a row, Long
Island City had the most expensive studio,
one-bedroom and two-bedroom units
in April, with prices averaging $2,608,
$3,146 and $4,080, respectively.
Like in March, Ridgewood had the
least expensive two-bedroom units with
prices averaging $2,237 in April. Jackson
Heights had the least expensive one-bedroom
units with pricing averaging $1,836
and Rego had the least expensive studios
with prices averaging $1,616.
Neighborhoods that saw overall
increases in their average rental prices in
April 2019 were Long Island City, Astoria,
Flushing and Jackson Heights, which saw
a 3.78 percent, 0.14 percent, 4.11 percent
and 3.17 percent increase, respectively.
Rego Park was the only neighborhood
that saw an overall decrease in average
rental prices, decreasing 2.92 percent.
Rental prices in Ridgewood and Forest
Hills saw a 2.46 percent and 4.85 percent
price correction, respectively.
Read the full report at www.mns.com/
queens_rental_market_report.
File photo/QNS
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