A new report on the priciest blocks in Queens has been raising eyebrows over some unexpected results.
Belle Harbor, in the Rockaways, had the borough’s most expensive block — which came as a surprise to local brokers.
The median Belle Harbor home price on Rockaway Beach Blvd., between Beach 145th and Beach 146th Sts. was $2.5 million, according to the PropertyShark report.
Forest Hills Gardens scored the next three spots on the list, with median home prices in the vicinity of Seasongood Road and Ascan Ave. fetching $1.66 million to $1.35 million.
“We were expecting the priciest blocks to be in Forest Hills and around the water,” said Analyst Laura Gatea, who compiled the report for PropertyShark, which tracks real estate data. “They are historically known for their upper-class residents.”
The study looked at all of the blocks in the borough with at least three home sales within the last two years, she said.
Other areas on the list of pricey blocks included Douglaston, Oakland Gardens and Jamaica Estates.
Whitestone was also very expensive, Gatea said, but wasn’t pricey enough to make the cut.
Southeast Queens, and in particular Jamaica, where the lion’s share of the borough’s foreclosures have been, had the lowest home values, she said.
Gatea also analyzed Brooklyn and Manhattan, where homes on the priciest blocks sold for $4.35 million and $8.2 million, respectively.
Jonathan Miller, the head of Miller Samuel Real Estate Appraisers, said there’s “no magic formula” as to why some communities are pricier than others.
But median prices in the Rockaways rose almost 50% last year, he said, due to an influx of larger homes hitting the market.
“There are plenty of sales north of $1 million in Queens,” he said. “Douglaston and Forest Hills are two well-known neighborhoods with high-value homes.”
Susanna Hof, co-owner of Terrace Sotheby’s International Realty, said many Forest Hills properties are selling for more than $2 million. In some cases, she’s received multiple bids over the asking price on houses that have been on the market only a week.
“Forest Hills is unique because it is in New York City, but it has the look of a suburb,” she said.
Annette Farina, owner of Belle Harbor Realty, said she was surprised Queens’ priciest block was in Belle Harbor.
But “it deserves it,” she said of the four-block wide neighborhood. “If you like the ocean and the sea air, you’ll want to be here.”