Rego Park, NY

Rego Park is located in the borough of Queens, NY. It is bordered by Middle Village on the west,
Forest Hills on the east and south and Elmhurst and Corona on the north. Rego Park is part of Queens
Community Board 6.

There are many Colonial and Tudor style homes with slate roofs. There is also a mix of apartment
buildings, multi-family and railroad houses which makes up the community of Rego Park. There is a
considerable Jewish population with Georgian, Russian Jewish and Bukharan ancestors. Immigrant
populations include South Korea, Asia, China, Bulgaria, Israel, Romania, Columbia and Iran.

You can reach Rego Park by using the IND Queens Boulevard Line on NYC Subway, the E, M, R, F and No. 6
trains. There are also several Express Busses the run between Manhattan and the neighborhood.

One of its famous hot spots is Rego Center shopping mall that consists of four-floors of shopping at
name bran stores and restaurants and convenient parking.

Rego Park’s school system is located in District 28. Schools in the neighborhood include Junior High
School 157 Stephen A. Halsey, Life Skills School, Our Lady of the Angelus, Our Saviour Lutheran School,
P.S. 139 Rego Park, P.S. 174 William Sidney Mount, P.S. 175 The Lynn Gross Discovery School, P.S. 206
The Horace Harding School and Resurrection Ascension School.

Famous past residents include comedians Sid Cesar and Steve Hofstetter and Drummer Tommy Ramone
from The Ramones.

Bart Olszewski talks about Rego Park. You'll get a bit of history and a real estate market update for Rego Park

It is not easy being a photo-journalist when you are emotionally involved...

I am working on a project with my gal pal Jessica Klein and plan on sharing my by-line with her. I mentioned in Facebook that I was covering a 4-alarm fire that still has my neighbors and I in shock because we frequented the businesses that were destroyed in Rego Park.

Jess and I are doing a YouTube regarding the aftermath of the blaze and the music, photo-montage and video clips are edited, arranged but waiting for the final audio overlays for publication. This story is still unfolding and the Fire Marshalls are actively investigating the incident. I am still conducting eye witness interviews to get my facts straight. It is not easy being a photo-journalist... especially when you are emotionally involved. Investigative reporting requires a lot more effort than me being facetious about my kids. This is going to be a major Localism series because each business has a story. Jess and I aim to tell a couple of them...

I got to shadow a number of professionals who were on the scene and decided I'd tease you guys with a little eye candy of Tai Hernandez and Kristen Shaughnessy. They happen to be two of my fave people to watch when I do get around to catching up on the news while peeking at Internet TV. I am very pleased to be linking back to their coverage because I got to observe them create their reports. It takes hours of dedication to give you guys a two minute news snippet. Both news teams were very methodical, courteous and patient. I bet you'd be surprised if you really knew how much video was shot to make those little editorial news clips.

The ladies will bring you guys up to speed until Jessica and I finish our follow-up to this event. I go to the NY Sports Club just up the block so covering this is personal because the fire didn't just destroy some great Mom and Pop businesses, it emotionally and financially decimated a group of people I happen to care about.

http://www.myfoxny.com/dpp/news/local_news/queens/rego-park-fire-aftermath-20100524

http://www.ny1.com/content/top_stories/119143/four-alarm-fire-destroys-queens-business-row/

http://www.ufanyc.org/cms/contents/view/8353

Staying Ahead Of The House Hunting Competition

My knowledge of the local market is an essential factor in the house search.

I'll let you know when the market in a particular neighborhood is "hot" and requires immediate action or when the market is "cool" and allows for thoughtful consideration. As we tour houses, I'll let you know when the asking price has negotiating room and when the house is "priced to sell".

My unique market knowledge will keep you a step ahead of the "house hunting competition".
In a "seller's market". It is not unusual to see multiple offers on a property, full-price offers and even above-price offers. On the flip side, during a "buyer's market" there are more houses for sale than buyers. This gives us more negotiating room as houses are taking longer to sell.

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Staying Ahead Of The House Hunting Competition Copyright © 2009 By Vincent Martinez, All Rights Reserved.

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Inventory as at 02/25/09:

8 units of 2 family - median asking price $882,000

16 units of 1 family - median asking price $619,000

30 units of condo - median asking price $377,000

138 units of co-op - median asking price $215,000

Units closed in the last 3 months period from 11/1/08 to 01/31/09:

2 units of 2 family - median selling price $780,000

4 units of 1 family - median selling price $570,000

4 units of condo - median asking price $363,000

30 units of co-op - median selling price $210,750

Units closed in the same 3 months period last year from 11/1/07 to 1/31/08:

3 units of 2 Family - median selling price $710,000

7 units of 1 Family - median selling price $575,000

8 units of condo - median asking price $287,500

48 units of co-op - median selling price $212,500

Source: MLS of Long Island