"The Average Rent for a Nice Three-Bedroom in Queens Is $1,750"
Thursday March 3, 2005
Today the NY Sun interviewed Jeffrey Silverbush (subscription required), owner of Century 21 Best in Elmhurst, about the Queens real estate market. The interview is mostly a shout out of "Queens is great, close to Manhattan and affordable," but here are a few interesting specifics:
- "The average rent for a nice three-bedroom in Queens is $1,750. It's a quantum difference from Manhattan. What you sacrifice is only a short subway ride."
- "Astoria, Woodside, Jackson Heights have all gone way up in price over the last few years, but compared to Manhattan, they're very low."
- "Some areas like Corona, that used to be low-cost, are now hot. Changes in zoning have encouraged a lot of development in areas the city felt could provide more housing."
- "[Queens home buyers] are financially diverse with some looking for more modest houses, and others looking in the luxury market. You can't characterize Queens as any one thing when it comes to real estate. It's too broad a market."
- "Manhattan is on a different planet." (Curbed does a great round-up of real estate on that planet.)


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