REAL ESTATE
Here’s how long it could take to save up a down payment for a house or condo in Queens
Sales in QueensHOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
WHITESTONE LONG ISLAND CITY ST. ALBANS REGO PARK
Under $500,000
64-09 Springfi eld Blvd., Unit A , Bayside
$348,000
Co-op, 2 bedrooms, 2 bathrooms
Joseph Sica, Salvatore Sica, Keller Williams
Realty Greater
$500,000-$900,000
132-28 14th Ave., College Point
$698,000
Raised ranch
2 bedrooms, 2 bathrooms
Merry Chen, RE/MAX Universal Real
Estate
Over $900,000
154-58 9th Ave., Whitestone
$2,499,999
Colonial
4 bedrooms, 5 bathrooms
Jonathon Cazull, Luca DiCiero, NY Space
Finders Inc..
Under $500,000
33-45 90 St., Unit 5E, Jackson Heights
$238,000
Co-op
1 bedroom, 1 bathroom
Claudia Echeverri, RE/MAX 1st Choice
$500,000-$900,000
30-54 38th St., Unit 2B, Astoria
$727,000
Condo
1 bedroom, 1 bathroom
Foti Bouklis, Bouklis Group Marketing
Corp.
Over $900,000
38-21 48th Ave., Long Island City
$1,495,000
Two-family two-story
6 bedrooms, 3 bathrooms
Linda Santini Tripodis, Merit Group &
Associate Corp.
Under $500,000
246-19B Union Turnpike, Unit GV2D10,
Bellerose
$369,000
Co-op, 3 bedrooms, 1 bathroom
John Varghese, Keller Williams Realty
Gold Coast
$500,000-$900,000
104-13 191st St., St. Albans
$699,000
Colonial, 5 bedrooms, 4 bathrooms
Shari DeLouya, Marci Imber, Realty
Connect USA LLC
Over $900,000
139-12 87th Dr., Briarwood
$925,400
Two-family colonial
6 bedrooms, 3 bathrooms
Satyanand Arjun, Arjun Home Realty
Corp.
Under $500,000
10209 163 Rd., Howard Beach
$389,000
Colonial
2 bedrooms, 1 bathroom
Neal Khoorchand, Century 21
Professional Realty
$500,000-$900,000
93-34 91st Ave., Woodhaven
$549,000
Colonial
3 bedrooms, 2 bathrooms
Kent Miller, Keller Williams Realty
Greater
Over $900,000
62-09 Alderton St., Rego Park
$1,125,000
Tudor, 3 bedrooms, 2 bathrooms
Katherine Ciavarella, Signature Premier
Properties
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
A recent report took a look at how
much time it would take to save up a
down payment on a home in Queens.
PropertyClub recently released a
report that sought to fi nd out how
long it would take the average New
Yorker has to save up a 20 percent
down payment for a house or condo
at a median price. While neighborhoods
in Manhattan and Brooklyn
had the longest amount of time to
save for a down payment (Manhattan’s
Greenwich Village would require 122
years to save), Long Island City ranked
at number 28, requiring 23 years to save
up for a down payment on a house at a
median price.
Following close behind at number 29
was Forest Hills, also requiring 23 years
to save up for a house downpayment.
Jamaica Estates was the third-longest
Queens neighborhood with a 22-year
savings time. Jumping down the list to
numbers 46, 47 and 48 were Sunnyside,
Astoria and Beechhurst, respectively,
each requiring 19 years to save a 20 percent
down payment.
According to PropertyClub’s fi ndings,
saving for a 20 percent down payment
on a median-priced condo in
Queens didn’t see much improvement
in saving times. While Long Island City
ranked lower on the condo list at number
45, it would still require 18 years to
save up for a 20 percent down payment
on a condo. Forest Hills also fell down
the list to number 52, requiring 15 years
to save up a condo down payment.
Elmhurst ranked at number 60,
requiring 13 years to save for a condo
down payment. Astoria, Douglaston
and Rego Park ranked at 65, 66 and 67,
respectively, each requiring 12 years to
save for a down payment.
Read the full report at propertyclub.
nyc.
Photo via Getty Images
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