If you didn’t have time to go and see the properties on December 8th or 9th you can still get a sense of what shape they are in by looking at the property reports on PropertyShark.
Continue Reading...Archives For Queens Real Estate
Articles on Queens real estate. Read distressed properties stats, market trends, neighborhood spotlights and more.
News about estates selling at record-breaking prices in New York is almost exclusively linked to Manhattan, and occasionally to Brooklyn.
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NYC renters with “high aspirations” (literally!), we invite you to have a look at our chart of the week, featuring the tallest residential towers in each borough in NYC. Unfortunately, the limit is not really the sky, but somewhere around 870 feet or 76 floors high. In Manhattan, at least.
870 feet is how high NYC’s (and the world’s) tallest residential tower goes. 8 Spruce Street, the Manhattan tower designed by Frank Gehry, boasts 76 floors and 890 residential units to choose from. Just be reminded that the higher you want to go, the more money you’ll have to take out of your pockets for the view—at the end of last year, rents in Gehryland were going as high as $60,000/month.
It might have come as a surprise to some people that, according to our latest report, the priciest block in Queens was located in Belle Harbor/Neponsit (see interactive map). The median sale price on the beach front block located between Beach 145 Street and Beach 146 Street was $2.5M.
As reported by the New York Times, this community is defined by a “high quality of life and locals that cherish its residential nature, which lends its beaches an air of exclusivity”. Street parking in the area is banned during the summer, so owners of beachfront houses routinely make their driveways available to neighbors. According to the same article, ”proximity to the beach has everything to do with real estate: walking north to south, a visitor may notice that the louder the waves, the grander the houses become.” Continue Reading…
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The number of homes sold in Queens decreased slightly in 2011 with 9,128 properties changing hands, our latest analysis shows. The Y-o-Y decrease is 11%, while compared to 2006 (when the number of transactions reached a 7-year peak), the decrease is 39%.
With a median sale price of $680,000 in 2009, Forest Hills is one of the most expensive neighborhoods in Queens. The neighborhood features more multimillion dollar sales of single family homes since 2005 than any other neighborhood in Queens . 170 single family homes in the neighborhood sold for over $1 million since 2005, peaking in 2007 with 41 homes sold above $1 million.
105 Greenway South | Source: Terrace Realty
PropertyShark has analyzed properties purchased in Queens between 2005 and 2007 that were resold in 2009. We found that there were 263 property re-sales in Queens since the beginning of 2009. Of this total, 110 were sold at a lower price while 153 were sold at a higher price. On average, prices for properties resold in 2009 were 6% higher than the original price. Here are two price change examples.
