Northwest Queens is the New Brooklyn When It Comes to Rent – Long Island City – DNAinfo New York

As a number of units in shiny new developments hit the rental market of Northwest Queens, prices in the area increased last month, according to a report released Thursday from Douglas Elliman.

Meanwhile, Brooklyn’s rental market saw prices decline — resulting in a tie for the median price of both boroughs.

The median rent of the Northwest Queens neighborhoods of Astoria, Long Island City, Sunnyside and Woodside rose about 5 percent over the past year to $2,895 a month, the Elliman report found.

In Brooklyn, the median rent slipped nearly 2 percent, but wound up at the same price: $2,895 a month.

Source: Northwest Queens is the New Brooklyn When It Comes to Rent – Long Island City – DNAinfo New York

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Written by Lorenzo

Lorenzo has been hanging around the RDNY.com office for the past 24 years, and, in the process, has become the president of RDNY.com, Rent-Direct.com, and Acmelistings.com. His mission is to build RDNY.com into New York's largest no fee apartment rental service. Before RDNY.com, Lorenzo was a Regional Sales Manager for Time Equities, Inc., one of New York's largest converters of rental buildings to coops and condos. Lorenzo was once a part owner of Swift & Watson Real Estate in NYC's Greenwich Village.

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