Kin's Blog: May 2009

It was on Robinson St between Cherry Ave & 45 Ave in Flushing.

I don't know how it happened, it was a clam day, no strong wind.

One of the car-owners live in Kissena Co-op which I sold a lot of units there. The old lady recognised me and asked me if I could take some pictures for her to show insurance company. I took some pictures and emailed to her son right after I went back to office.

Kissena Co-op is a nice co-op. The monthly maintenance includes electricity, gas, water, heat and real estate tax. The building is 6-stories, with elevators, laundry room, sitting area, garage and parking lot. Subway, buses, supermarkets and Downtown Flushing are all just minutes away.

Transactions in residential houses excluding condo & co-op from Jan 09 to Apr 09:

Zip .......... Town ................. Unit closed ..... REO units ........ REO %

11421 Woodhaven ................... 27 ................... 7 ................... 26%

11422 Rosedale ....................... 25 ................... 7 ................... 28%

11423 Hollis ............................ 16 ................... 5 ................... 31%

11426 Bellerose ...................... 28 .................... 1 ................... 4%

11427 Queens Village ............. 19 .................... 1 ................... 5%

11428 Queens Village ............. 13 ................... 4 ................... 31%

11429 Queens Village ............. 26 ................... 6 .................... 23%

11432 Jamaica ....................... 22 ................... 6 .................... 27%

11433 Jamaica ....................... 32 .................. 26 ................... 81%

11434 Jamaica ....................... 27 .................. 18 ................... 67%

11435 Jamaica/Briarwood ........ 23 .................. 12 ................... 52%

11436 Jamaica ...................... 26 .................. 12 ................... 46%

Source: Multiple Listing Service of Long Island

Transactions in residential houses excluding condo & co-op from Jan 09 to Apr 09:

Zip .......... Town ................. Unit closed ..... REO units ........ REO %

11411 Cambria Heights .............. 22 ............... 9 .................. 41%

11412 St Albans ........................ 33 .............. 16 ................. 48%

11413 Springfield Gardens .......... 45 .............. 23 ................. 51%

11414 Howard Beach .................. 11 ............... 0 .................. 0%

11415 Kew Gardens .................... 2 ................ 0 .................. 0%

11416 Ozone Park ..................... 19 ............... 9 .................. 47%

11417 Ozone Park ..................... 21 ............... 5 .................. 24%

11418 Richard Hill ...................... 14 ............... 5 .................. 36%

11419 South Richmond Hill .........  21 ............... 9 .................. 43%

11420 South Ozone Park ............. 42 .............. 17 ................. 40%

Source: Multiple Listing Service of Long Island

Median Price declined in double digits in Queens. Nassau & Suffolk.

Median Price on closed properties:

................ Apr 2009 .... Apr 2008

Queens ... $354,000 ... $439,900 (-19.53%)

Nassau ... $380,000 ... $447,000 (-14.99%)

Suffolk ... $315,000 ... $370,000 (-14.86%)

Units under contract improved year over year:

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

................. Apr 09 ..... Apr 08 ........ Apr 09 .... Mar 09 ...... Apr 08

Queens ..... 10312 ..... 11495 ........... 738 ........ 667 .......... 708 ............. 14.0

Nassau ..... 10323 ..... 10486 ........... 859 ........ 792 .......... 790 ............. 12.0

Suffolk ..... 13074 .... 14809 ........... 933 ........ 792 .......... 923 ............. 14.0

Source: Long Island Board of Realtors

The co-op is located at 149-05 79 Ave, Kew Garden Hills, NY11367, which is on 79 Ave between 149 St & 150 St.

It is a six stories building built in 1955.

The unit is about 750 square feet approximately.

The maintenance is $460 which includes gas, water, heat and real estate tax.

The location is just one block off Union Turnpike.

Please visit our web site www.KinRealEstate.com for virtual tour.

It is located at 138-25 31st Drive (Linden Towers Section No 2) - 1 bedrooms 1 bath about 700 square feet.

Sold for $145,000 in Apr, 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 $439 includes electric, gas, water, heat and real estate tax. 

There is a management office on the premises.