Queens · New York, NY
0 active listings · Median $1.4M
Calculating market narrative...
A rental-heavy submarket with softening rents, sale values below the 5-year high, and sale listings sitting longer than a year ago.
Median asking rent in Utopia is $3,250/month, $3,750 below the 5-year high set in Jan 2023. Rents are down -37.5% year over year and +44.4% over the past 5 years. Median sale price stands at $1.43M, 33.4% below the 5-year high recorded in May 2025. Sale listings are clearing 43 days slower than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Sep 2026.
Utopia reveals a mix of prewar cooperatives and traditional multi-family residences. The area features historic architecture, serviced by reliable subway lines and adjacent green spaces. Notable street-level landmarks anchor the neighborhood's built environment.
In my 25+ years selling real estate across New York City, I use this Utopia data in real negotiations, not just for a web page.
| Borough | Queens |
| Subway | 1, 2, 3, 7, A, C, E, F, M, N, Q, R, S, W trains |
| Building Types | Pre-war buildings, Co-ops, Multi-family |
Stations: Times Sq-42 St (0.17 mi), 42 St-Port Authority (0.25 mi), 57 St (0.52 mi), 5 Av/53 St (0.56 mi), 34 St-Penn Station (0.56 mi)
Midtown: 8 min (1 local from Times Sq-42 St)
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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About 7,200 of the roughly 9,700 residential lots in the zips that cover Utopia (11366 and 11365) are one-family lots in the city's PLUTO tax-lot data, and about 8,000 were built between 1930 and 1959. Buyers of those midcentury houses budget for updated wiring, windows and heating. Sellers should have the certificate of occupancy and any open DOB items resolved, since an unpermitted alteration can stall a buyer's financing.
Built on your building's comparable sales, not a portal estimate.
Seven questions, plus a 2-to-4 family mode with your rent roll.
Commission, transfer taxes, flip tax and payoff, line by line.
Open HPD and DOB items, registration and lien status for 1-to-4 family owners.
With the address I can look at what sold in your building and on your block. If you would rather not give it yet, the email alone is enough.
Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 1 |
| Pending Sales | 0 |
| New This Week | 0 |
| New This Month | 0 |
| Avg DOM | 44 days |
| Price Cut Rate | 100.0% |
| Recent Sales | |
| Sold Last 30 Days | 0 |
| Sold Last 90 Days | 0 |
| Sale-to-List | 101.0% |
| Asking Prices | |
| Median Asking | $1,432,500 |
| Average Asking | -- |
| Median $/SqFt | -- |
| Median Condo Ask | -- |
| Median Co-op Ask | -- |
Based on active listings in Utopia
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
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Properties in Utopia
No listings currently available. Contact Milton
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.
Experience across NYC
Transactions closed
Active in Queens
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Utopia buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
I was trying to rent out my newly renovated condo in NYC's competitive rental market, and Milton Coste handled everything from start to finish. Milton knows the area inside out and was communicative, knowledgeable, and proactive throughout the entire process. Thanks to his expertise, he found a great tenant within just one week at a strong rental price. I highly recommend Milton to anyone looking for a reliable, professional, and results-driven real estate broker.
Milton helped me purchase my first Manhattan condo, and I can't recommend him highly enough. What could have been a stressful process ended up feeling remarkably smooth. From the initial offer through closing, Milton was responsive, knowledgeable, and always willing to take the time to answer questions and explain the details. I always felt informed and supported, but never pressured. If you're looking for a broker who is knowledgeable, trustworthy, responsive, and genuinely invested in helping his clients succeed, I would absolutely recommend Milton.
Quarterly report
Queens Market Report, 3Q 2026
$775,000 median sale price. Download the full report
On a $1M NYC purchase: co-ops run $20K-$30K, condos $38K-$42K, new dev $60K+. See every fee, who pays, and 5 ways to cut your bill.
Co-ops make up nearly 70% of NYC housing stock but require board approval. Condos cost more but offer flexibility. Here's how to decide.
Pre-approval gives you a 20-30% edge in NYC bidding wars. Here's what lenders need and how to set your budget ceiling.
Roughly 1 in 8 co-op board applications gets rejected. Here's how to prepare your package and ace the interview.
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The median sale price in Utopia is $1.4M. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
No. The median sale price in Utopia is currently 33.4% below the 5-year high recorded in May 2025. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Utopia have a median of 44 days on market. That is 43 days slower than the same point a year ago. Roughly 100.0% of active listings have recorded a price cut, suggesting some negotiating room.
Utopia is broadly balanced right now, with median days on market at 44 days and 100.0% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Roughly 2 homes change hands each month in Utopia across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Utopia is $3,250/month. Rents are down 37.5% year over year.
Median asking rent in Utopia is currently $3,750 below the 5-year high set in January 2023. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Utopia has risen 44.4% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Utopia, median sale prices range across Central Park South at $2.5M, Midtown at $1.6M, Midtown East at $975K, Midtown West at $835K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Utopia is served by the 1, 2, 3, 7, A, C, E, F, M, N, Q, R, S, W trains. The commute to Midtown Manhattan runs roughly 8 minutes from Times Sq-42 St.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Utopia, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: milton@miltoncoste.com.
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Licensed Real Estate Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Utopia, I will guide you every step of the way.
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