Jul. 17, 2025 By Ethan Marshall The average cost of rent for apartments in Queens eclipsed $3,000 in June 2025, according to a report by M.N.S. Real Estate. Year-over-year, the average rent in Queens rose 3.49%, from $2,902 in June 2024 to $3,003 in June 2025. Studios, one-bedroom units and two-bedroom units all went…
Jul. 16, 2025 By Ethan Marshall By the end of June 2025, the median rental price of apartments across New York City reached a record high of $4,700, according to a report by the real estate site RentHop. Year-over-year, the median rent across the city rose 6.6%, from $4,409 in June 2024 to $4,700…
Jul. 11, 2025 By Ethan Marshall The second quarter of 2025 marked the first time that the average price for one-to-three-family homes in Queens eclipsed $1 million, according to a report by the real estate agency Brown Harris Stevens. The average price of these homes rose 9.1% year over year, from $928,953 in the…
Jul. 10, 2025 By Ethan Marshall Queens saw a year-over-year increase in the median sales price of co-ops, condos, and one-to-three-family homes during the second quarter of 2025, even as both inventory and the number of closed sales declined, according to a report by Douglas Elliman Real Estate. The borough’s median sales price of…
Jul. 3, 2025 By Ethan Marshall The New York metro area experienced a drastic surge in millionaires renting property there from 2019 to 2023, according to a report by the real estate listing site Rent Cafe. Over this period of time, the number of households in the area rented by those earning at least…
Jul. 2, 2025 By Ethan Marshall New York City ranks among the top major cities in the United States in the number of rental units that are undersized, and nearly half of the units in the pipeline there are planned to be micro units, according to a report by storage space marketplace Storage Cafe.…
Jun. 27, 2025 By Shane O’Brien The team behind Metropolitan Park – led by New York Mets owner Steve Cohen and Hard Rock International – has officially submitted an application to the New York State Gaming Facility Location Board for one of three downstate gaming licenses. The application, which came ahead of Friday’s deadline…
Jun. 24, 2025 By Czarinna Andres Queens lawmakers are celebrating the passage of a long-sought bill that would provide a full real property tax exemption for veterans with a 100% service-connected disability—a significant measure aimed at easing the financial burdens of some of New York’s most severely injured service members. State Senator Joseph P.…
Jun. 24, 2025 By Shane O’Brien and Emily Swanson Eighteen months after a five-alarm fire gutted a Queens apartment building, dozens of displaced tenants remain locked out of their homes — and now, state lawmakers are proposing legislation to hold landlords accountable for prolonged repair delays across New York City. The fire ignited just…
Jun. 20, 2025 By Ethan Marshall Permits have been filed for the construction of a 6-story residential building with 21 housing units on the vacant lot at 64-23 Austin St. in Rego Park. The proposed building would be 75 feet tall and yield 16,655 square feet of space. With an average unit scope of…