Douglas Elliman report shows new highs for rent in northwest Queens
Posted byschnepsrestagent
Sep. 18, 2023 By Ethan Marshall
The August 2023 rental market report from Douglas Elliman Real Estate showed that northwest Queens was experiencing new highs in average rent per square foot, average rental price and median rental prices. At the same time, lease signings continued to drop.
Year-over-year, the median rental price rose 27.2%, to $3,900. This is also 31.8% higher than before the COVID-19 pandemic. The average rental price increased 27.3%, from $3,368 in Aug. 2022 to $4,287. The average rent price per square foot in northwestern Queens went up 23%, from $53.19 to $65.43.
The net effective median rental price reached a record high $3,871, breaking the previous month’s record of $3,850. It was also the fourth time in the last five months that a new record was reached.
While all rental price trend indicators increased to new highs, lease signings experienced a sharp decline from July to August of 2023. The 233 new lease signings in August were also 46.1% lower than the same month last year.
While touring the United States, Irish TV personality and musical maestro Paddy Cullivan will make his highly anticipated return to New York City with a one-night-only performance of his critically acclaimed show, ‘I Can’t Believe It’s Not Ireland!’ at the New York Irish Center on March 12.
An unidentified man was struck and killed by a 7 train on Friday morning at the Junction Boulevard station above Roosevelt Avenue in Corona.
Service was disrupted in both directions from Flushing-Main Street to Queensboro Plaza for more than an hour during the morning rush hour as first responders removed the victim from beneath the 7 train.
The Wolfhound, an Irish pub in the heart of Astoria, is gearing up for its ninth annual traditional Irish music festival, a week-long celebration of “trad music” that has become a beloved tradition in the neighborhood.
The NYPD’s Hate Crimes Task Force is investigating an antisemitic assault on a subway train in Jamaica Hills during the morning rush on Monday, Jan. 13.
The 27-year-old victim in the attack was onboard a northbound F train that was approaching the Parsons Boulevard subway station at 7 a.m. when a stranger began shouting antisemitic rhetoric at him before he slapped him and then punched him in the face.
Queens residents can look forward to a stellar lineup of Grammy-winning talent this spring as the Kupferberg Center for the Arts at Queens College hosts a series of performances by world-renowned musicians.
Two outstanding basketball coaches from Astoria have been named semi-finalists for the prestigious Jr. Knicks Coach of the Year award presented by the Hospital for Special Surgery (HSS).
Police from the 109th Precinct in Flushing are looking for a gunman who opened fire at a livery cab near the Shops at Skyview on Saturday morning.
The suspect was getting dropped off in front of 40-28 College Point Blvd. in Flushing when he got into a dispute with the 63-year-old driver. The two argued about the fare, and the suspect exited the vehicle and started to run away. He was seen on video surveillance pulling out a firearm and firing a shot while on the run that missed the cab and struck the pavement. The driver was not injured, and there was no property damage, an NYPD spokeswoman said Thursday.
A firefighter was injured battling a three-alarm fire in Ridgewood on Wednesday morning that gutted a home at 60-20 68th Rd.
The FDNY received multiple 911 calls at around 7:35 a.m., and Engine Company 291 and Ladder Company 140 arrived on the scene within four minutes, where they found heavy fire and smoke conditions from the basement that rapidly extended to the first and second floors.