Aug. 16, 2023 By Ben Brachfeld and Christian Murray The city’s landmark building emissions law, Local Law 97, is set to go into effect next year, and the complex rule-making process has set off a frenzy of lobbying activity aimed at influencing and potentially weakening the statute aiming to help combat climate change. Local…
Tag: real estate
New real estate report shows increase in sales for Queens units
Aug. 8, 2023 By Ethan Marshall The real estate agency M.N.S. recently released its development sales report for the second quarter of 2023, which revealed not only a large increase in the sales volume of units, but also an increase in the median price per square foot in Queens. According to the report, the sales…
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Leasing begins at new luxury 11-story apartment building in Forest Hills that will also house Trader Joe’s on ground floor
Jul. 13, 2023 By Michael Dorgan Leasing has begun at a new luxury 11-story apartment building in Forest Hills that will also feature a Trader Joe’s on its ground floor. The new building, a red-bricked development called The Yellowstone, has 166 units and is located at 69-65 Yellowstone Blvd. The building comes with a fitness…
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Less than 15% of NYC rentals are affordable to Black, Hispanic residents with median incomes: report
May. 9, 2023 By Julia Moro StreetEasy released a new report revealing a disturbing data point: the typical white household could afford five times as many market-rate rentals in New York City compared to the typical Black household and seven times as many as a Hispanic household. This new report, combined with data from the…
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FDNY extinguishes four-alarm fire at Glendale auto parts shop after battling the blaze for 12 hours
Mar. 8, 2023 By Bill Parry It took more than 12 hours, but the FDNY has finally extinguished a four-alarm fire that broke out early Wednesday morning at an auto parts shop in Glendale, though the cause of the blaze is still under investigation. A pair of firefighters were injured while operating at the location…
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Queens real estate market recorded over $4.4 billion in 2022 transactions: Report
Feb. 21, 2023 By Danielle Louie The Queens real estate investment sales market recorded 659 transactions, totaling over $4.4 billion dollars in 2022, according to a report from Ariel Property Advisors. “Investment activity in Queens was fueled by the first half of 2022 which was the best half-year ever, both in transaction and dollar volume,” said…
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Rego Park: Demolition of Queens Blvd stores imminent, 8-story residential building to replace them
December 8, By Domenick Rafter
A number of stores located on the corner of Queens Blvd and 65th Road are about to face the wrecking ball to make way for a eight-story mixed use building.
Bahar Corp., the developer,…
Several Queens Blvd stores likely to be demolished to make way for office development
December 6, By Domenick Rafter
A number of Queens Boulevard stores and a well-known restaurant are likely to be demolished to make way for an eight-story mixed use building, according to city building records
Demolition permits were filed Nov.…