You are reading

Report: Forest Hills Gardens is the priciest neighborhood in Queens, top 10 in NYC

Jan. 13, 2017 By Hannah Wulkan

Forest Hills Gardens is one of the priciest neighborhoods in New York City, according to a recent report released by Property Shark.

The report revealed that Forest Hills Gardens ranked tenth in terms of the median price paid for residential property in 2016, compared to dozens of other neighborhoods throughout the city. It was declared the most expensive neighborhood in Queens.

Prices in the area surged in the past 12 months, with the median house price up 37 percent from 2015, to $1,525,000

Forest Hills Gardens is one of only two non-Manhattan neighborhoods on the list, with DUMBO in Brooklyn coming in fifth on the list.

The most expensive place to buy a home in the city is TriBeCa, the report shows, with a median sale price of nearly $4.2 million.

Several other Queens neighborhoods broke the top-50 priciest neighborhoods, including Broadway-Flushing, Hunters Point and Malba at 28th, 29th and 30th place, respectively.

The median sale prices were calculated based on residential property sales closed & recorded between January 1, 2016 and December 13, 2016. The residential properties included in the study were single-family homes, condos and coops.

For more information, click here.

email the author: [email protected]
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

MTA providing shuttle from 7 train to traveling Vietnam War Memorial replica in Flushing Meadows Corona Park

Sep. 26, 2023 By Bill Parry

The MTA is working with the NYC Department of Veterans’ Affairs to provide shuttle bus service between the Mets-Willets Point 7 train station and Flushing Meadows Corona Park for all those wishing to visit the “The Wall that Heals,” a three-quarter scale replica of the Vietnam Veterans Memorial in Washington, D.C., that honors the more than three million Americans who served in the Armed Forces during the Vietnam conflict.