Kin's Blog: August 2009

It is located at 138-20 31st Rd - 2 bedrooms 1 bath about 1000 square feet.

Sold for $182,000 in Aug, 2009.

Linden Towers Co-op #1 is a 6-stories building built in 1953.

The building is located on 31 Road between 138 Street & 140 Street.

The monthly maintenance Fee $840 includes electric, gas, water, heat and real estate tax. 

It is managed by Delkap Management in Howard Beach.

There were less inventory than last year. Units in contract is more than last year, but sales began losing momentum after trending up for few months.

It is still hard to tell whether the real estate market hit bottom yet. I won't say unitl this coming season's bottom (around Jan/Feb 2010) is higher than last (Feb 2009).

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

................. Jul 09 ...... Jul 08 ......*..... Jul 09 ..... Jun 09 ..... Jul 08

Queens ..... 10044 ...... 11510 .......*..... 827 ......... 957 .......... 765 ......*........ 12.1

Nassau ..... 10117 ...... 10877 .......*.... 1058 ........ 1081 ......... 963 ......*......... 9.6

Suffolk ..... 13097 ...... 15186 .......*.... 1144 ........ 1229 ......... 964 .......*....... 11.4

Median Price on closed properties:

................ July 2009 .... July 2008

Queens ... $355,000 ... $399,900 (-11.23%)

Nassau .... $415,000 ... $458,500 (-9.49%)

Suffolk .... $350,000 ... $389,000 (-10.03%)

Source: Long Island Board of Realtors

This co-op is located at 3324 91 Street, Jackson Heights, NY11372, on 91 Street between Northern Blvd & 34 Ave.

It is a six stories building built in 1958.

The maintenance $490 includes electricity, gas, water, heat and real estate tax.

Subway #7 is on Roosevelt Ave & 90 St, just 4 blocks away.

Asking price is $129,000.

For Virtual Tour, click here or visit our web site www.KinRealEstate.com