Top 10 Neighborhoods in Queens by Home Sales Volume

43 Greenway Terrace in Forest Hills (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Zillow)

The following is an overview of one of the hundreds of datasets available on TRD Pro – the one stop real estate terminal that provides all the market data and insights you need.

Queens is known for many things. High-priced real estate is usually not one of them.

It seems to be changing. The median sale price in Queens has posted an annual increase for eight consecutive quarters, according to appraiser Miller Samuel, home sales hit a 15-year high earlier this year and a condo tower in Long Island City is targeting a $1 billion sale.

But when it comes to the city’s largest and most diverse borough, it’s worth zooming in to get a clearer idea of ​​where the action is.

The real deal analyzed top transactions recorded in Queens between July 1 and September 30 to determine the borough’s 10 most active neighborhoods for home sales. Only transactions recorded in ACRIS during the third quarter were included.

The sample was rather large: Among the 10 busiest neighborhoods in Queens, buyers spent $1.23 billion on 1,544 residential transactions in the third quarter.

Further analysis of the top five deals in each of these top 10 neighborhoods – a total of 50 deals – showed a wide range of brokerages represented.

Daniel Gale Sotheby’s led the way with three sales totaling $8.5 million. A local player, Flushing-based E Realty, also made three sales for a total of $6.1 million.

Click on the tabs in the table below to switch between the top 10 neighborhoods. Each tab lists the five most expensive sales in a given neighborhood during the quarter.

For a complete list of Manhattan’s best sellers, visit the TRD Pro Dashboard.

1. Forest hills | $164.5 million | 265 trades

The top neighborhood in the rankings was Forest Hills with $164.5 million in sales from 265 transactions, the most among the 10 neighborhoods.

GiGi Malek (Daniel Gale Sotheby's International Realty)

GiGi Malek (Daniel Gale Sotheby’s International Realty)

The most expensive sale was at 43 Greenway Terrace for $3.8 million. GiGi Malek of Daniel Gale Sotheby’s International was the listing broker for the deal, which was for a seven-bedroom house built in the 1920s and designed by architect Grosvenor Atterbury. According to Patch.com, it was the fourth most expensive home ever sold in Forest Hills Gardens, despite selling $150,000 below its asking price.

2. Hunter’s Point | $159.7.1 million | 134 trades

Hunters Point was second in the ranking with 134 transactions totaling $159.7 million.

The best sale for the neighborhood, a subsection of Long Island City, was for a century-old townhouse at 45-12 11th Street, which sold for $3.2 million. Corcoran’s Cary Tamura and Kim Rodriguez had the list.

The three-story, 4,000-square-foot townhouse, which was built in 1903, underwent a comprehensive renovation beginning in 2014 that spanned several years.

3. Rinse | $136.5 million | 189 operations

Third on the list, Flushing recorded 189 transactions during the quarter for a total of $136.5 million.

The most expensive was at 132 Pople Avenue, a 1,900 square foot property that sold for $6.5 million. According to information from Redfin, home prices in Flushing rose 2.3% year-over-year in October, with a median-priced home selling for around $660,000.

4. Murray Hill | $128.5 million | 151 operations

Murray Hill ranked 4th with 151 transactions totaling $128.5 million. The top sale was a detached Colonial at 33-26 145th Place, which went for $2.3 million.

Landmark International was the listing broker, selling the 4,200 square foot home. The 11-bedroom home features two wood-burning fireplaces, two third-floor balconies, and a detached garage.

5. Astoria | $127.9 million | 118 trades

Astoria closed the top five quarters, just short of fourth place with sales volume of $127.9 million from 118 deals.

The best seller in the neighborhood was a 45-foot-wide two-story house built in 1940 at 25-23 Newtown Avenue. It was sold for $4.8 million by Development Site Advisors, who marketed the property as a residence or redevelopment opportunity.

Development Site Advisors has listed several other Queens properties for sale, including Astoria plots at 25-92 31st Street, 23-14 31st Street, 11-32 31st Street, 25-56 31st Street and 26-37 30th Street.

6.Elmhurst | $123.9 million | 175 trades

Just outside the top five, but not by much, was Elmhurst with 175 sales totaling $123.9 million.

Maluva Property Group’s Kleber Silva won the best deal at 78-10 Woodside Avenue, which sold in September for $1.8 million.

The townhouse was built in 1970 and is 13 rooms over 3,500 square feet, with three bedrooms, three floors and three units, if the buyer chooses to rent any, as well as a basement and attached garage .

7.Jackson Heights | $103.4 million | 156 operations

Jackson Heights was the last neighborhood in Queens to cross the $100 million threshold during the quarter, with 156 transactions totaling $103.4 million.

A 1950s townhouse took the top spot at 34-11 75th Street, selling for $1.7 million. RE/MAX was on the selling side while Century Homes Realty Group represented the buyer.

The detached three-story brick home is 1,900 square feet and has previously sold in 2020, according to property records, although no price has been listed for the transaction.

According to Redfin, the median sale price in Jackson Heights fell 17.1% year-over-year in October to $480,000, around its 2019 level.

No. 8: Bayside | $98.6 million | 98 operations

At number eight, Bayside came in with 98 deals totaling $98.6 million.

Teresa V Cheng of Block & Lot Real Estate Services had the listing for 220-12 46th Avenue, which sold for $2.6 million – the best sale in Bayside last quarter.

The 4,300 square foot home was built in 2000, has five bedrooms, and sits on an 11,000 square foot lot adjacent to Lake Oakland, one of the few natural lakes in the five boroughs.

9. Middle Village | $96.1 million | 110 trades

Middle Village recorded $96.1 million in third-quarter sales from 110 transactions.

The best sale was for a single-family home at 57-51 74th Street. James Zhang of N&H Realty Group brokered the $1.9 million deal for the 4,000 square foot brick home, which sits on an 11,500 square foot lot. The house has five bedrooms, three bathrooms, two separate garages (one attached and one detached) as well as an inground swimming pool in the backyard.

10. South Jamaica | $95.2 million | 148 trades

South Jamaica topped the list, with $95.2 million from 148 deals.

EXP Realty won the best sale at 120-46 144th Street, for $1.2 million. The townhouse was built in 1945 but renovated this year and has six bedrooms, five bathrooms and two balconies.

According to the Department of Construction’s online database, recent applications have been filed for updated construction, including curb cuts, new light fixtures and a new fence, all filed within the last year.

About Valerie Wilson

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