Nov. 13, 2024 By Ethan Marshall A ribbon-cutting ceremony was recently held to mark the official opening of Apex Place, a new three-tower affordable residential development at 62-11 108th St. in Forest Hills. Apex Place has 441 total affordable housing units and yields 20,000 square feet of community space, including medical offices and a…
Nov. 12, 2024 By Ethan Marshall Housing units in Queens had the average cost of rent go up 3.28% in October 2024, compared to the same month the previous year, according to a report by the real estate firm M.N.S. Real Estate. Year-over-year, the average rent in Queens rose from $2,803 in October 2023…
Nov. 7, 2024 By Ethan Marshall After the average rent for roommates in New York City spiked in the aftermath of the COVID-19 pandemic, a report by the roommate-finding site SpareRoom indicated prices began to stabilize during the third quarter of 2024, reaching $1,540. After hitting its peak average roommate rent of $1,625 during the second quarter…
Oct. 29, 2024 By Iryna Shkurhan Elon Musk is reportedly planning to open a Tesla facility in Queens. The electric car manufacturer leased the 150,000-square-foot space at 30-02 Whitestone Expwy. in College Point, according to an industrial report released earlier this month. The site was previously home to Toys “R” Us, Party WOW and…
Oct. 21, 2024 By Ethan Marshall As the first-time foreclosure market continued to slow across New York City during the third quarter of 2024 compared to the same period of time the previous year, Queens contributed immensely to this change, according to a report by the real estate agency PropertyShark. Across New York City,…
Oct. 18, 2024 By Ethan Marshall Construction has been put on hold for a 17-story mixed-use building at 3-50 St. Nicholas Ave. in Ridgewood. Known as The Ridgewood, this tower will be the tallest structure in Ridgewood. It will cover 284,000 square feet. In addition to 97,000 of that square footage being dedicated to…
Oct. 16, 2024 By Ethan Marshall The number of homes entering contract across New York City increased significantly year over year, thanks in large part to a decline in mortgage rates, according to a report by the real estate listing site StreetEasy. Over this period, there was a 26.4% increase in homes entering contracts,…
Oct. 15, 2024 By Ethan Marshall Construction has wrapped for The Lionheart, an 8-story transitional housing complex in Rego Park. Located at 92-62 Queens Blvd., the Lionheart stands 83 feet tall and spans 57,407 square feet. The building features 88 affordable rental units, each averaging 798 square feet. A portion of these units will…
Oct. 14, 2024 By Ethan Marshall The number of new leases for rentals signed in northwest Queens maintained its year-over-year surge in September 2024, according to a report by the real estate firm Douglas Elliman Real Estate. New leases signed spiked up 188.2% year-over-year, from just 296 in September 2023 to 853 in September…
Oct. 3, 2024 By Iryna Shkurhan A group representing dozens of civic and neighborhood organizations across Queens is calling for an investigation into a citywide housing proposal amid federal probes into the mayor and his administration. On Monday, the Queens Civic Congress released a statement calling for an immediate halt to the City of…