Tag: real estate

Former LIC parachute factory transformed into 7-story life sciences space

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Apr. 9, 2024 By zgewelb Apr. 9, 2024 By Ethan Marshall The building at 43-10 23rd St. in Long Island City  has just been transformed by construction contractor Suffolk, into a 7-story, 7-floor life science facility, known as Hatch Life Sciences. A ‘life science’ facility refers to properties that offer lab and office spaces for organizations working on scientific research and discoveries. The new facility totals more than 215,000 square feet, with 72,000 square feet of state-of-the-art lab space on the first three floors now available for lease, courtesy of the real estate agency Longfellow Real Estate Partners, which acquired… Read more »

One in three NYC homes on the market don’t sell: report

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Nov. 6, 2023 By Ethan Marshall A study conducted by the New York City real estate firm StreetEasy concluded that 35.7% of previously-owned New York City homes on the market don’t get sold. StreetEasy also concluded that the average listing spends a median of 89 days on the market in New York City, compared to…
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NYC one of most expensive weekend city breaks in country, according to study

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Aug. 23, 2023 By Ethan Marshall A study conducted by the travel information site Scott and Yanling concluded that New York City is the second-most expensive city in the United States where people can take weekend getaways. Scott and Yanling concluded it costs $1,291 to spend the weekend in New York City. The study was…
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New real estate report shows increase in sales for Queens units

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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

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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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Queens real estate market recorded over $4.4 billion in 2022 transactions: Report

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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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