Queens’s Real Estate

Queens’s Real Estate Haven

Queens, one of the five boroughs of New York, is made up of several neighborhoods referred by the local as small towns from which Queens real estate market is based. This is because these neighborhoods are made up of people of different backgrounds, social and economic statuses. To get a beautiful piece of Queens real estate, you have to look at its top five neighborhoods, which are Astoria, situated in far northwest of the borough. It has been called, by realtors, as one of the best places to live in New York City. It is mostly favored by young corporate executives and employees who find it more secure and convenient owing proximity to Manhattan. Queens Real estate in this neighborhood is on the rise accredited to rising demand occasioned by the influx of well paid corporate pros from Manhattan. The prices for homes has held steady in the last 12 months but rents for apartments has risen by 32%. The most common housing in Astoria is two-story buildings, followed by small apartment buildings. The newcomers to the hood are gently welcomed by its quieter atmosphere, best restaurants and great parks. Queens real estate, truly has a lot to offer!

Check out Bayside, in northeastern Queens, bordering Long Island Sound on the north and Little Neck Bay on the east, as a part of Queens real estate

It’s largely made up of a thriving Italian community, but more Chinese and Koreans are making Bayside, their home. There has been an increase in interest toward Queens real estate, from migrants. Its 30 minutes commute to Manhattan and the borough is very close to Throngs Neck Bridge and highways. The Queens real estate market is not generating a lot of interest here noted by the drop prices by 10% compared to 2009. The housing is made up of privately owned gated communities, development-style housing and large apartment buildings.

On the north-central Queens, as a property buyer, you should consider Flushing, the wealthiest and the largest Chinatown in the New York City.

Chinese and Korean communities are the dominant groups of these sides of Queens real estate. These communities have pinned big money to invest in Queens real estate developments. Flushing real estate is mostly dominated by multiple-family homes and apartment buildings, but moving north towards the Kissena Park you will find beautiful single-family homes costing more than $1 million. The market prices in this neighborhood have been climbing since the late 90s due to the notion that it’s the wealthiest borough of Queens.

Sunnyside, western Queens, is a small middle-level neighborhood with a homogeneous look with its many six story buildings.

Once a farmland in the 1900s, the neighborhood is now blessed with one of the iconic real estate property, the Empire State Building, the building with the most beautiful roof in the world. Sunnyside has more of a suburban feel due to its planned community, Sunnyside Gardens, made up of single-family, two-family and three family homes, which share a common garden. Sunnyside is quite safer but the authorities will remind you to mind your movements, especially at night. Prices for homes in this neighborhood range between $1.8 million to $2 million.

Finally, in central Queens you will find Forest Hills, a neighborhood that comes in three parts: beautiful Forest Hills Gardens – a planned city community with elite addresses, higher density housing and Central Queens – single and multi-family homes. Renting a one-bedroom in this neighborhood, you will have to part with $1,500 to $2,000 per month, a two bed-room for $2,000 and above. For buyers, a one-family detached goes for over $2.5 million.