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25+ years experience · 1,000+ transactions · 5-star reviews
Queens · New York, NY
0 active listings · Median $1.5M
Calculating market narrative...
A rental-heavy submarket with softening rents, rising sale prices, and sale listings clearing quickly.
Median asking rent in Utopia is $2,500/month, $4,500 below the 5-year high set in Jan 2023. Rents are down -50.0% year over year and +11.1% over the past 5 years. Median sale price stands at $1.53M, 28.6% below the 5-year high recorded in May 2025. Sale prices are up +10.6% year over year. Sale listings are clearing 17 days faster 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 Jun 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.
| 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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Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 1 |
| Pending Sales | -- |
| New This Week | -- |
| New This Month | -- |
| Avg DOM | 86 days |
| Price Cut Rate | 100.0% |
| Recent Sales | |
| Sold Last 30 Days | -- |
| Sold Last 90 Days | -- |
| Sale-to-List | -- |
| Asking Prices | |
| Median Asking | $1,535,000 |
| Average Asking | -- |
| Median $/SqFt | -- |
| Median Condo | -- |
| Median Co-op | -- |
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.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
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 $1.5M. Sale prices are up 10.6% year over year.
No. The median sale price in Utopia is currently 28.6% 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 86 days on market. That is 17 days faster 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 86 days and 100.0% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Roughly 1 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 $2,500/month. Rents are down 50.0% year over year.
Median asking rent in Utopia is currently $4,500 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 11.1% 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 Midtown at $1.9M, Central Park South at $1.7M, Midtown West at $895K, Midtown East at $875K. 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: [email protected].
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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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