Mar. 27, 2025 By Ethan Marshall New York City has launched a housing lottery for 24 units at 63-68 Austin St. in Rego Park. The building has 78 total units, with 54 being at market rate. Of the 24 units set aside, 19 are at 80% of the area median income with an asset…
Mar. 21, 2025 By Shane O’Brien Mayor Eric Adams has announced the start of the public review ULURP process for the Jamaica Neighborhood Plan, an ambitious proposal to rezone a significant portion of Downtown Jamaica and deliver thousands of homes and thousands of jobs to an area that has faced decades of disinvestment. Adams…
Mar. 19, 2025 By Bill Parry Four men—two from southeast Queens, one from Long Island, and another from New Jersey—along with three companies, have been indicted by a Queens grand jury for allegedly orchestrating a deed fraud scheme that led to the theft of homes in Kew Gardens Hills, Jamaica Estates, and Queens Village.…
Mar. 17, 2025 By Ethan Marshall Queens renters are feeling the squeeze as borough-wide apartment prices continue to climb. Studios, one-bedroom and two-bedroom units in Queens each experienced year-over-year rent increases of just under 5% during the month of February 2025, according to a report by the real estate firm M.N.S. Real Estate. The average…
Mar. 13, 2025 By Shane O’Brien The City Council has voted overwhelmingly in favor of modifications to zoning regulations for the planned $8 billion Metropolitan Park casino development adjacent to Citi Field in Flushing. The City Council voted 41-2 in favor of the proposal, a planned development by New York Mets owner Steve Cohen and Hard Rock…
Mar. 12, 2025 By Ethan Marshall Approximately 33,974 new homes were built in new buildings across New York City in 2024, according to the New York City Department of City Planning’s (DHS) Housing Database. This number, announced by DHS Director Dan Garodnick, marked the highest amount of completed units in a single year in…
Mar. 12, 2025 By Ethan Marshall Construction has completed for Trylon Tower, a new 16-story rental development at 98-81 Queens Blvd. in Rego Park. The building contains 170 housing units, ranging in size from one-bedroom to three-bedroom, including one-bedroom and two-bedroom units that feature alcoves. The units range in price from $3,000-$6,000 a month…
Mar. 4, 2025 By Shane O’Brien Mayor Eric Adams announced significant expansions to NYC Health + Hospitals’ medical respite bed program Tuesday, which offers patients experiencing homelessness a place to stay for up to 90 days after a major health event. Adams was joined by NYC Health + Hospitals CEO Dr. Mitchell Katz to…
Feb. 28, 2025 By Ethan Marshall As New York City experienced a large year-over-year increase in the number of homes to enter contract in January 2025, the median prices of homes entering contract went down, with the drop in Manhattan more than cancelling out increases in Queens and Brooklyn, according to a report by…
Feb. 20, 2025 By Ethan Marshall A new six-story luxury condominium, The Austin, has opened its doors at 78-29 Austin St. in Forest Hills. The Austin features 98 residences, ranging in size from one-bedroom units to four-bedroom units, as well as townhouses and penthouses. These include one-bedroom condos starting at $814,000, one-bedroom condos with…