Kin's Blog: March 2009

It is located at 138-25 31st Drive (Linden Towers Section No 2) - 2 bedrooms 1 bath about 1050 square feet.

Sold for $228,000 in March, 2009.

Linden Towers Co-op is a 6-stories building built in 1953.

The building is located on 31st Drive between 138th St and 140th St.

The monthly maintenance Fee $603 includes electric, gas, water, heat and real estate tax. 

There is a management office on the premises. 

Median Prices in Queens, Nassau & Sufflk on closed properties was dropped more than 12% in Feb comparing to last year:

................ Feb 2009 .... Feb 2008

Queens ... $372,000 ... $425,000 (-12.47%)

Nassau ... $400,000 ... $458,800 (-12.82%)

Suffolk ... $309,500 ... $359,500 (-13.91%)

Sales improved. There is more units in contract than Jan 09:

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

.................. Feb 09 ..... Feb 08 ........ Feb 09 .... Jan 09 ...... Feb 08

Queens ..... 10408 ..... 10809 .......... 555 ........ 519 .......... 565 ............. 18.8

Nassau ....... 9471 ....... 9307 ........... 614 ........ 534 ......... 674 ............. 15.4

Suffolk ..... 12867 ..... 13739 ........... 656 ........ 562 ......... 870 .............. 19.6

Source: Long Island Board of Realtors