Mar. 7, 2024 By Bill Parry The massive Willets Point redevelopment project passed another key milestone Wednesday when the City Planning Commission voted unanimously to approve phase two of the plan that calls for a 25,000-seat soccer-specific stadium, 1,400 units of affordable housing, a 250-room hotel, a 650-seat public school, 80,000 square feet of retail…
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Feb. 20, 2024 By Anthony Medina Rego Park residents outraged over another proposed men’s homeless shelter in their neighborhood took to the streets on Sunday, Feb. 18, in a march and rally to oppose the city’s plans. The proposed single men’s homeless shelter site is located at the Rego Park Wyndham Garden Hotel at 61-18…
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Feb. 8, 2024 By Ethan Marshall The most common complaint tenants in New York State have with their landlords deals with the avoidance or mishandling of repairs, according to data collected by the moving resource site moveBuddha. This conclusion was drawn based upon an analysis of reviews by renters on the crowdsourced landlord review site…
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Feb. 7, 2024 By Ethan Marshall The average rental price in Queens remained mostly static in January 2024 compared to December 2023, according to a report from the real estate firm M.N.S. Real Estate. There was only a 0.02% increase over that time period, with the average rent going from $2,780 to $2,781. Studio units…
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Feb. 7, 2024 By Ethan Marshall The median sales price for a unit in a brand-new Queens condo development increased in the fourth quarter of 2023 compared to the third quarter, according to a report by the real estate firm M.N.S. Real Estate. Over this span, the median price jumped 15.5% to $889,516 in the…
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Jan. 26, 2024 By Ethan Marshall The median rent price for one-bedroom and two-bedroom units in New York City both went down from December 2023 to January 2024, marking the first time since May that these prices went down month-over-month, according to a report by the real estate firm Zumper. The median rent for one-bedroom units in New York City decreased 2.9% from $4,161 in December 2023 to $4,040 in January 2024. Over the same period of time, two-bedroom units saw the median rent dip 6%, from $4,798 to $4,510. Despite the month-over-month decrease, New York City maintained its number…
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Jan. 18, 2024 By Ethan Marshall The developers who plan to build a soccer stadium, affordable housing, retail space, open space, an elementary school and a hotel in Willets Point have purchased additional land where the ambitious project is slated to go. NYCFC, Sterling Equities and Related purchased two parcels in Willets Point for $12.3…
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Jan. 17, 2024 By Ethan Marshall Queens had more foreclosures than any other borough in 2023, accounting for 39% of all cases across the city, according to a report by the real estate firm PropertyShark. Of the 1,620 foreclosures in New York City in 2023, 631 of them were in Queens, including 50 in Elmhurst. The Queens…
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Jan. 16, 2024 By Ethan Marshall The average rental price in Queens increased 4.76% over the past year, from $2,654 in December 2022 to $2,780 in December 2023, according to a report by the New York City real estate firm M.N.S. Real Estate. Studio, one-bedroom and two-bedroom units all experienced increases in rental prices across…
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Jan. 10, 2024 By Czarinna Andres Queens is poised to be the epicenter of New York City’s real estate resurgence in 2024, according to a report by the real estate firm Street Easy. The report, titled 10 NYC Neighborhoods to Watch in 2024, said that trendy sub-neighborhoods within Queens will be stealing much of the spotlight, noting that in 2023 many renters and potential buyers flocked to the borough in search of more affordable housing options. While Queens is expected to shine, the report also indicates that Manhattan may regain popularity among renters this year as rental prices begin to…
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