28 THE QUEENS COURIER • LIVING IN BAYSIDE • JUNE 28, 2018 FOR BREAKING NEWS VISIT WWW.QNS.COM
living in bayside
Bayside’s real estate market continues
to be ‘very hot,’ expert says
BY SUZANNE MONTEVERDI
smonteverdi@qns.com /
@smont76
Bayside, a New York City
neighborhood with a distinctly
suburban feel, has long been
a locale where its residents are
immensely proud to call it home.
Now, it seems, the rest of the city
is catching on.
The northeast Queens area
was named one of New York
City’s top 10 hottest neighborhoods
for 2017 by StreetEasy.
The real estate listing site ranked
Bayside No. 5 after considering
its annual change in sales and
rent price, population growth
and annual change in page views
per listing.
Donna Rubertone, sales manager
at Daniel Gale Sotheby’s
International Realty’s Bayside/
Flushing office, said the neighborhood
“is now getting the recognition
it deserves.”
“The Bayside market is
very hot,” Rubertone told the
Courier. “It’s a great alternative
to Manhattan and Brooklyn
because of the easy commute to
Manhattan on the Long Island
Rail Road and express buses.”
Much of the neighborhood’s
appeal lies in its diverse housing
selection. A healthy mix
of co-ops, condos and single-
and multi-family homes make
it an attractive locale for buyers
shopping at any price point,
Rubertone said.
According to Daniel Gale’s
2018 First Quarter Market
Report, Bayside saw 59 home
sales at an average price of
$957,312. In 2017, the neighborhood
also saw 16 luxury
home sales, where homes were
sold for an average $1.75 million.
The benchmark to deem a
home “luxury” is generally $1.5
million.
Bell Boulevard, the neighborhood
bustling commercial strip,
is another huge draw, according
to Rubertone. The lively thoroughfare
features a mix of small
businesses, primarily bars and
eateries serving a variety of cuisines,
including Greek, Italian,
Spanish, Thai, Korean and
Chinese.
“I think it’s a great nighttime
scene and a lot of people love
the restaurants and bars and
excitement of Bell Boulevard,”
she said.
Excellent school districts,
frequently among the top-rated
in the city, and plentiful
park land round out the neighborhood’s
appeal. Enclaves
part of the larger neighborhood
including Bay Terrace,
Bayside Hills and Oakland
Gardens.
Supply cannot keep up with
demand in Bayside, according
to Rubertone, where home prices
have steadily been rising and
inventory is at “record lows.”
Multi-family homes are in special
demand.
This climate makes it a great
time to list a home in the neighborhood,
where sellers are seeing
positive returns.
“Queens in general has
seen an uptick in value in real
estate,” Rubertone said. “People
are being out-priced out of
Manhattan and Brooklyn and
moving east. Buyers have a wide
variety of options here.”
Photos by Suzanne
Monteverdi/The Courier
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