Feb. 19, 2025 By Ethan Marshall With cities across the United States increasingly turning vacant office buildings into residential spaces, the New York metropolitan area has emerged as the nation’s leader in office-to-apartment conversions in 2025, according to a report by the real estate listing site RentCafe. The New York metropolitan area has 8,310…
Feb. 18, 2025 By Ethan Marshall The long-vacant Parkway Hospital site in Forest Hills is set to undergo a major environmental cleanup as part of its planned transformation into a mixed-use development featuring senior affordable housing, family units, and community space. Applications have been filed to enroll the property at 70-35 113th St. into…
Feb. 18, 2025 By Ethan Marshall Being single in New York City isn’t just emotionally expensive—it’s financially draining too. A new study has found that renters who live alone are paying a staggering $20,100 more per year than those who split a home with a partner or roommate, making the so-called “singles tax” in…
Feb. 17, 2025 By Ethan Marshall The real estate consultant Ariel Property Advisors experienced a decline in investment sales, despite an increase in transactions in 2024, according to their Queens 2024 Year-End Commercial Real Estate Trends report. Investment sales in Queens went down 7% year-over-year, from $3.18 billion in 2023 to $2.95 billion in…
Feb. 13, 2025 By Ethan Marshall The average rent for studio, one-bedroom and two-bedroom units all increased year-over-year in Queens in January 2025, according to a report by the real estate firm M.N.S. Real Estate. The overall average rent in Queens increased from $2,781 in January 2024 to $2,902 in January 2025, marking a 4.38%…
Feb. 12, 2025 By Ethan Marshall The real estate and management platform Outpost Club offers various programs and benefits to help people find and better afford rentals across New York City. Outpost Club helps to provide furnished housing for prospective renters. They also put a lot of effort into screening potential tenants in order…
Feb. 10, 2025 By Ethan Marshall Building permits have been filed for the construction of a 5-story shelter building at 118-08 Jamaica Ave. in Richmond Hill. The proposed building would be 50 feet tall and yield 12,407 square feet of community facility space. The New York City Department of Health Services will be providing…
Jan. 30, 2025 By Ethan Marshall Queens accounted for ten of the 50 most expensive New York City neighborhoods to reside in 2024, according to a report by the real estate data site PropertyShark. Despite the borough’s prevalence on the list, none of its neighborhoods ranked among the top ten most expensive neighborhoods. Hunters…
Jan. 29, 2025 By Ethan Marshall Rent growth in Queens and Brooklyn slowed down substantially year-over-year in December 2024, compared to that of Manhattan, according to a report from the real estate listing site StreetEasy. The typical asking price for rent rose in Queens over this period of time by 3.7%, representing a much…
Jan. 21, 2025 QNS News Team First-time foreclosure filings across the broader New York metro area declined significantly in 2024, according to PropertyShark’s latest foreclosure report. The report released on Monday, Jan. 20, reveals a 14% year-over-year drop compared to 7,264 cases in 2023. It expanded its coverage to include 12 New York and…