I was reading the article "Every Penny Counts" in the NYT's Real Estate section this weekend and came across this interesting quote:"About 15 percent of the Manhattan apartments currently listed by the Corcoran Group and Citi Habitats, and about 30 percent of those in Brooklyn, are less than $450,000. In the Bronx, 38 percent of the listings are under $450,000, according to the Bronx-Manhattan North Association of Realtors; on Staten Island, the figure is 43 percent, according to the local Board of Realtors; and in Queens, 17 percent, according to the Multiple Listing Service of Long Island."
So statistically, Queens is not *that* much cheaper than Manhattan! No wonder we have such a high foreclosure rate.
-Deborah
1 comment:
So if Queens real estate ranks second in value to Manhattan (in this particular respect).....how come we're still being treated like a 4th rate borough when it compared to the percentage of designated individual landmarks and historic districts in the rest of NYC ?
Part of the answer is Queens Borough Hall's continuing anti preservation policy.....by kissing up to developers and our imperial mayor's wishes !
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