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…
Read More
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…
Read More
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…
Read More
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…
Read More
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%,…
Read More
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….
Read More
Apr. 10, 2024 By Ethan Marshall Queens accounted for the most foreclosures among the New York City boroughs in the first quarter of 2024, with 191, according to a report by the real estate agency PropertyShark. These 191 foreclosures accounted for 45% of the 424 cases that occurred in New York City this quarter. Its…
Read More
Apr. 8, 2024 By Ethan Marshall New York City has launched a housing lottery for 15 units in the 7-story residential building Haru Apartments, located at 138-25 Barclay Ave. in Flushing. There are a total of 48 residences at Haru Apartments, with 15 affordable units now available on the housing lottery. These affordable units consist…
Read More
Apr. 8, 2024 By Bill Parry
Before the shovels hit the ground on New York Mets owner Steve Cohen’s proposed $8 billion casino and entertainment complex in Corona, he would need new legislation allowing construction atop the public parkland where Shea Stadium once stood.
Apr. 3, 2024 By Ethan Marshall A Little Neck mansion at 53-27 254th St. has become the most expensive rental in Queens, with a monthly lease of $11,200. This Mediterranean style single-family home is more than 9,184 total square feet. Originally built in 2004, this property was once owned by New York Mets legend and…
Read More