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Record-Breaking Jackson Heights Home Sale Prices Kept Rising in 2015

By Katie Honan | January 18, 2016 12:10pm
 An apartment in one of the original garden apartments sold for more than $1 million.
An apartment in one of the original garden apartments sold for more than $1 million.
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DNAinfo/Katie Honan

JACKSON HEIGHTS — Sale prices on homes and apartments continued to break records throughout the neighborhood in 2015, according to a quarterly analysis from a local real estate broker.

House prices went up 22 percent, while apartment sales in Jackson Heights saw an 11 percent increase on the sale of 482 units, according to Daniel Karatzas, the associate broker at Beaudoin Realty Group responsible for analyzing sales.

This year "was a very good year for real estate in Jackson Heights," he said, noting the record-breaking sales at many of the original buildings in the neighborhood's historic district. 

A four-bedroom, three-bath at The Towers — the largest offered in the eight-building complex at 1,800-square-feet — sold for $1.075 million, records show. 

Two other four-bedroom apartments in the complex on 80th Street, built in the 1920s, sold for close to $1 million, including one in April for $925,000 — which had previously been the apartment record. Those apartments are roughly 1,500 square feet, Karatzas said.

Elsewhere in the historic district, a three-bedroom apartment at the Hawthorne Court sold for $865,000 and a one-bedroom at Hampton Court went for $405,000.

One-family homes in Jackson Heights sold at an average of $857,733, with three going for more than $1 million.

An English garden home on 86th Street sold for $1.33 million, while two others had "commercial potential," Karatzas said.