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Forest Hills Gardens one of city’s priciest neighborhoods – QNS.com

Forest Hills Gardens one of city’s priciest neighborhoods

Forest Hills was the only Queens neighborhood to crack the top 10 priciest spots in the city, according to a PropertyShark analysis.
Photo by Christina Santucci
By Patrick Donachie

A number of Queens neighborhoods made the list of 50 priciest neighborhoods in New York City, according to a study conducted by real estate analyst PropertyShark.

Forest Hills Gardens is the highest Queens neighborhood on the list at No. 10, with a median sale price of $1,525,000 and 29 transactions in the past year. PropertyShark said the median price marked a 37 percent increase from the year before.

Broadway-Flushing and Hunters Point come in at No. 28 and No. 29, respectively. Broadway recorded a median home price of $944,000, with a 14 percent increase from the prior year, while Hunters Point’s median home price was $935,000 for a 16 percent increase. Malba, a subsection of Whitestone, was at No. 30 with a $932,000 median price, though the median price had dropped 6 percent from the prior year.

Other entries later in the list include Jamaica Estates at No. 42, which had the highest year-to-year percentage increase in median home prices, at 88 percent. The top four neighborhoods on the list were in Manhattan, with Tribeca maintaining its top spot. The Manhattan neighborhood had a median home price of $4,152,412 last year, according to PropertyShark’s analysis.

Besides Forest Hills, the only neighborhood not in Manhattan that made the top 10 was DUMBO in Brooklyn, with a $2.1 million median home price.

Reach reporter Patrick Donachie by e-mail at pdonachie@cnglocal.com or by phone at (718) 260–4573.

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