7 Queens neighborhoods make list of NYC’s most expensive communities

Photo via Pixabay

Several Queens neighborhoods made the list of New York City’s top 50 most expensive neighborhoods in the first quarter of 2018.

PropertyShark, a real estate website, releases this list every quarter and though some neighborhoods repeatedly make it onto the list there are some new additions this quarter. Most of the priciest places are located in Manhattan or Brooklyn, but the first Queens neighborhood to appear on the list is Belle Harbor at No. 26.

The median sales prices of a home in Belle Harbor was $995,000, which represents a 29 percent increase since the same time last year. A total of seven sales were made from Jan. 1 through March 31. According to PropertyShark, a home at 270 Beach 137th St. sold for almost $1.6 million.

Queensboro Hill, a section of Flushing, appeared 34th on the list with a median sales price of $883,500. Though this represents a 4 percent decrease in price since last year, a total of 16 sales were made in the first quarter of 2018.

Auburndale, which did not make it onto the list last quarter, saw a 10 percent increase in median sales price since last year. The median sales prices for the 31 homes sold this year was $880,000.

The Hunters Point section of Long Island City, a neighborhood that has become increasingly expensive, was 39th on the list. The median sales prices in the area dropped 16 percent and the median price for 111 sales in 2018 was $817,475.

The 42nd neighborhood on the list, East Flushing, also saw a 16 percent decrease in median sales price since last year. A total of 26 sales were made for a median price of $787,500.

Fresh Meadows, which consistently makes this list, saw a 2 percent decrease in median sales price with $773,000. A total of 44 sales were made.

The last neighborhood on the list, Middle Village, saw a 4 percent increase in median sales price with $730,000. According to PropertyShark, 29 sales were made there this year.

The median sale prices were calculated based on residential property sales closed between Jan. 1 and March 31. The residential properties included in the list are single-family homes, condos and co-ops.

For the full list of the city’s top 50 most expensive neighborhoods, visit PropertyShark.