May. 31, 2024 By Ethan Marshall Tenants from a collection of rent-stabilized buildings in Queens gathered outside the offices of the New York Division of Homes and Community Renewal (DHCR) last Friday, May 24, to announce their plans to file an Article 78 legal challenge. The action seeks to compel DHCR to address and resolve…
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May. 30, 2024 By Ethan Marshall The Queens neighborhoods of Flushing, College Point, Glen Oaks, Jackson Heights, Briarwood and Jamaica Estates ranked within the top ten neighborhoods in New York City with the most excessive property fees, according to a report by the financial services company CashNetUSA. The property fees taken into account for this…
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May. 22, 2024 By Ethan Marshall Among the five boroughs in New York City, Queens is found to have the most ‘up-and-coming’ neighborhoods for roommates, according to a report by the roommate finding site SpareRoom. This conclusion was reached based on an analysis SpareRoom conducted of over 15 million roommate searches on their site from…
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May. 22, 2024 By Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units in Queens increased 4.32% year-over-year in April 2024, according to a report by the real estate firm M.N.S. Real Estate. Studios in Queens had by far the biggest jump in rental price, rising 10.19% year-over-year, from $2,128 in April…
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May. 15, 2024 By Ethan Marshall New York City suffered the largest gap between the amount of growth in wages and the increase in rent across the United States from 2022 to 2023, according to a study by the real estate listing information firm StreetEasy and the real estate marketplace company Zillow. Among the metro…
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May. 10, 2024 By Ethan Marshall Queens residents can expect a slowdown in the amount of new development in the coming years. The number of building permits issued in Queens in 2023 was the lowest since 2016, with developers obtaining 3,834 permits in the borough last year, according to a report by the New York City…
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Apr. 24, 2024 By Ethan Marshall New York City has launched a housing lottery for 134 units in the 17-story mixed-use building The Peninsula A1, also known as Edgemere Commons Apartments, at 51-23 Beach Channel Dr. in Far Rockaway. The Peninsula A1 has 194 apartments, 60 of which are market rate. The 134 affordable units…
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Apr. 22, 2024 By Ethan Marshall While New York City as a whole has experienced a decline in the number of housing units on the market over the past year, the borough of Queens has bucked the trend. Unlike the other boroughs, Queens experienced an increase in new listings in March 2024 compared to March…
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Apr. 16, 2024 By Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units across Queens increased 3.42% year-over-year from March 2023 to March 2024, according to a report released by the real estate firm M.N. S. Real Estate. Studios experienced the most significant year-over-year increase, with the average rental price rising 7.2%,…
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Apr. 12, 2024 By Ethan Marshall The number of new leases of residential units nearly doubled to the highest on record from March 2023 to March 2024, according to a report by the real estate agency Douglas Elliman. During the same period of time, the median rental price for units in northwestern Queens decreased slightly….
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