Jackson Heights, considered the epicenter of the pandemic in New York, has been one of the neighborhoods in Queens where the price of rent has fallen most dramatically.
“I think that gave us a negative image of the neighborhood, but in my opinion it is the best neighborhood,” said Sandra Liapis, real estate agent.
According to a study by MNS Real Estate, Jackson Heights is only behind Long Island City and Astoria where rental prices have also fallen.
In this neighborhood where many immigrants live, the biggest drop has been in two-bedroom apartments.
Last April, a two-bedroom apartment cost about $ 2,800. In December the same apartment was rented for $ 2,300. This makes Jackson Heights one of the most affordable places according to the report.
“I think that at this moment we are in a time of movement, sometimes they go down, sometimes they go up … If you are looking for an economic price now would be a good time,” added Liapis.
This also applies to property sales.
In Jackson Heights there are more opportunities to buy properties due to the number of buildings that are co-ops or cooperatives, according to real estate agents.
Co-ops and homes for sale have seen a 10 percent decline that could represent a good opportunity, this Remax agent told us.
“Now is when because the interests are very low, then you have the opportunity to instead of paying the mortgage to a person in a rent, you are paying yourself,” said Cristina Rosero, a seller of the real estate agency RE / Max.
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