Kin's Blog: August 2008

Median Price on closed properties dropped comparing to July last year.

................... 2008 .......... 2007

Queens ... $399,900 ... $472,000

Nassau ... $458,500 ... $495,000

Suffolk ... $389,000 ... $405,000

................ Inventory   ............... Units in contract ....................... Months Supply

................ 07/08 .... 07/07 ........ 07/08 .... 06/08 ...... 07/07

Queens .... 11510 .... 10774 ........ 765 ...... 752 .......... 772 ............. 15

Nassau .... 10877 .... 10415 ......... 963 ...... 889 ......... 1012 ............ 11.3

Suffolk .... 15186 .... 14996 ......... 964 ...... 1041 ....... 1167 ............ 15.8

Source: Long Island Board of Realtors

37-20 81st Street, #6H - 1 bedroom 1 bath about 550 square feet.

Sold for $118,000 in Aug, 2008.

Cambridge Co-op is a 6-stories building built in 1925.

The building is located on 81 St between 37 Ave and Roosevelt Ave.

The maintenance Fee $588 includes gas, water, heat and real estate tax.  

It is managed by Tudor Realty Services.

26-21 Union St, #3D - 1 bedroom 1 bath about 650 square feet.

Sold for $142,000 in Aug, 2008.

Linden Hill #2 Co-op is a 6-stories building built in 1954.

The building is located on Union St between 26 Ave & 28 Ave.

The maintenance Fee is $650 which includes electric, gas, water, heat and real estate tax.  

Management Office is located on 142-20 26 Ave, Flushing, NY 11354.

141-09 28 Ave, #4D - 2 bedrooms 1 bath about 850 square feet.

Sold for $220,000 in Dec, 2007.

Mitchell Garden 3 Co-op is a 6-stories building built in 1957.

The building is located on 28 Ave between Union St and 141 Street.

The maintenance Fee includes electric, gas, water, heat and real estate tax.  

It is managed by Wentworth Property Management.

138-10 Franklin Ave, #5N - 2 bedrooms 2 bath about 1,000 square feet.

Sold for $280,000 in May, 2008.

Carlyle Towers B Co-op is a hi-rise building built in 1961.

The building is located on Franklin Ave between Kissena Blvd and Main St.

The maintenance Fee includes gas, water, heat and real estate tax. It is managed by All Area Management.