Tag: real-estate-newsletter

Ramos disappointed by Senate vote but ‘stands on principle’ in opposing Metropolitan Park casino parkland bill

ramos

May. 30, 2025 By Shane O’Brien State Sen. Jessica Ramos expressed her disappointment following the State Senate’s approval of parkland alienation legislation for the $8 billion Metropolitan Park casino project earlier this week. Ramos was one of only five lawmakers to vote against the bill during Tuesday’s Senate session, where 54 senators voted in…

Forest Hills sees record-breaking condo sale at The Austin for $3.88 million

the austin

May. 28, 2025 By Ethan Marshall The Austin, a 7-story, 98-unit luxury condominium at 78-29 Austin St. in Forest Hills, has set a new price record in the neighborhood for 2025 with the sale of one of its penthouse units for $3,881,150. The record-breaking sale of PH1A is more than double that of the…

Gianaris, Rosenthal introduce legislation to reshape NYC Rent Guidelines Board, describe system as ‘broken’

rent guidelines board

May. 27, 2025 By Shane O’Brien State Sen. Michael Gianaris has joined Manhattan Assembly Member Linda Rosenthal to introduce legislation to reform the Rent Guidelines Board, the board that determines how much landlords can hike rents each year on the city’s nearly 1 million rent stabilized apartments. Gianaris and Rosenthal are critical of the…

Poverty among Queens seniors surges nearly 50% over the past decade: Report

queens seniors

May. 21, 2025 By Ethan Marshall Queens seniors, defined as those at least 65 years of age, are finding it more difficult to stay afloat financially, compared to a decade ago, according to a report by the Center for an Urban Future (CUF), a nonprofit that works to reduce inequality, increase economic mobility and…

USTA unveils $800M renovation of Arthur Ashe Stadium to enhance US Open experience

US open

May. 20, 2025 By Shane O’Brien The United States Tennis Association (USTA) has announced an $800 million investment, unveiling plans to reimagine Arthur Ashe Stadium and construct a cutting-edge Player Performance Center to elevate the US Open’s global stature and athlete experience in Flushing. The investment, which represents the largest single investment in US…

Forest Hills welcomes The Austin, a new six-story luxury condo development

the austin

May. 13, 2025 By Ethan Marshall Queens residents, real estate professionals and local stakeholders gathered in Forest Hills on Thursday, May 8, to celebrate a major milestone in one of the borough’s most notable new developments: the official launch of The Austin, a six-story luxury condominium featuring 98 residences. Located at 78-29 Austin Street,…

Housing lottery receives 6 million applications for just 10,000 units, leaving many behind

housing lottery

May. 13, 2025 By Shane O’Brien New York City’s housing crisis is no secret and the city’s low-cost housing landscape remains extremely difficult to navigate, including a housing lottery system theoretically devised to provide a solution for the dire need for accommodation. A problem that has been brewing for decades, the housing crisis continues…

Hard Rock CEO outlines vendor opportunities for $8B Metropolitan Park casino project

Hard Rock

May. 2, 2025 By Shane O’Brien Hard Rock International Chairman and CEO Jim Allen addressed hundreds of Queens-based vendors and small business owners Thursday morning at the Queens Theatre, outlining how they could play a key role in shaping the proposed $8 billion Metropolitan Park casino and entertainment complex near Citi Field—if the project…