Queens and the Bronx are where many of our Long Island clients started, and where many of our buyers still want to be. Team Modern X sells single-family and two-family houses, co-ops and condos across both boroughs, and works with owners who are deciding between selling now and holding a rental. The rules in the city differ from Nassau and Suffolk, and this page covers the differences that affect your money.
Queens and Bronx neighborhoods we serve
- Eastern Queens: Bayside, Little Neck, Douglaston, Whitestone, Flushing, Fresh Meadows, Hollis, Queens Village, Bellerose, Floral Park (Queens), Glen Oaks and Jamaica Estates.
- Southeast Queens: Jamaica, St. Albans, Cambria Heights, Laurelton, Rosedale, Springfield Gardens and Howard Beach.
- Central and western Queens: Forest Hills, Rego Park, Kew Gardens, Richmond Hill, Woodhaven, Ozone Park, Ridgewood, Middle Village, Maspeth, Jackson Heights, Elmhurst, Woodside, Sunnyside and Astoria.
- The Bronx: Riverdale, Kingsbridge, Woodlawn, Wakefield, Williamsbridge, Morris Park, Pelham Bay, Pelham Gardens, Throggs Neck, Country Club, City Island, Parkchester and Soundview.
Selling a home in Queens or the Bronx
- Seller-paid transfer taxes are higher in NYC. Sellers typically pay the New York City Real Property Transfer Tax (1 percent of the price below $500,000, 1.425 percent at $500,000 and above for residential sales) plus the New York State transfer tax of $2 per $500. Build these into your net sheet from day one.
- Two-family and three-family homes sell on income as well as comps. Buyers and their lenders count rent toward qualifying. Current leases, rent rolls and legal occupancy all affect price. Know whether every unit is legal per the certificate of occupancy before you list.
- Co-op sales run through the board. Expect a board package, an interview and possibly a flip tax paid by the seller (many buildings have one; we confirm yours before pricing). A buyer who cannot pass the board is not a buyer, so we screen offers for financial strength, not just price.
- Condos are simpler, with a waiver of the right of first refusal rather than a full board approval, and they usually attract more investor and out-of-area interest.
- The Property Condition Disclosure Statement is required on one-to-four family houses in New York since March 2024 (not on co-ops or condos). We complete it with you.
Buying a home in Queens or the Bronx
- Property taxes are generally lower than Long Island for houses because NYC taxes one-to-three family homes in Class 1 with capped annual increases. Compare total monthly cost, not just price, when weighing a Queens house against one in Nassau.
- Budget for the mansion tax if you are buying at $1,000,000 or more. The buyer pays 1 percent statewide, and NYC rates step up at higher price points.
- Co-op buyers need cash reserves and a clean financial picture. Many buildings require 20 percent or more down and cap debt-to-income ratios; the rules vary by building. Maintenance covers the building’s mortgage and taxes, so compare it carefully to condo common charges plus taxes.
- Transit drives value. Homes near the 7, E, F, J, Z, N, W and A lines in Queens and the 1, 2, 4, 5, 6, B and D lines in the Bronx, plus the LIRR and Metro-North, hold value and rent quickly.
- Look at the certificate of occupancy and any Department of Buildings violations before you fall in love with a house. Illegal conversions are common and expensive to fix.
Queens and Bronx market snapshot
August 2026: the median Queens sale price was about $750,000 across all property types, up about 7 percent from a year earlier: houses around $970,000, condos around $593,000 and co-ops around $341,000 (PropertyShark, recorded sales). In the Bronx, single-family homes sold at a median of $693,500, up about 1 percent, in a median of 71 days; condos sold at $377,500 and co-ops at $285,000 (Hudson Gateway Association of Realtors, August 2026). We update this section monthly.
Frequently asked questions
How much is my Queens or Bronx home worth?
For a house, recent sales of the same style (detached, semi-detached, attached) on similar blocks, adjusted for condition, legal units and rental income. For a co-op or condo, recent sales in your building and comparable buildings nearby. Request a free estimate and Richard will reply within 24 hours.
Should I sell my two-family or keep it as a rental?
It depends on your equity, the rents you can actually collect, your tax situation and what you would do with the money. We run both scenarios with you before you decide. There is no obligation to list.
Can I sell a house with an unpermitted basement apartment?
Yes, but it has to be disclosed and priced correctly, and many lenders will not count that unit’s rent. Some buyers will want it removed or legalized before closing. We will tell you your options honestly.
How long do co-op sales take?
Longer than houses. Between contract, board package review, the interview and the closing, plan for roughly 90 to 120 days from accepted offer.
Get your free Queens or Bronx home value
Richard will send you a free, no-obligation estimate within 24 hours, based on recent sales near your home rather than an online algorithm.
Get my free home value Contact Richard
Thinking about it but not ready to talk? Download the free Home Seller Guide or the Home Buyer Guide.
Team Modern X, Jason Mitchell Real Estate NY. 45 Cherry Valley Ave, West Hempstead, NY 11552. Open Mon–Fri 9am–7pm, Sat 10am–5pm.