Tag: real-estate-newsletter

Queens leads the nation in self-storage sales, Brooklyn not far behind: report

Self-storage in Queens

Apr. 10, 2025 By Ethan Marshall In a city of small apartments and constant turnover, Queens just claimed the crown—for self-storage. Queens recorded the highest volume of self-storage space sales in the United States in 2024, with neighboring Brooklyn not far behind, according to a recent report by the storage facility site Storage Cafe.…

Queens sees dip in rental competition while Manhattan surges: report

rental

Apr. 3, 2025 By Ethan Marshall During the first two months of 2025, the rental markets in the New York City boroughs of Queens, Manhattan and Brooklyn have each gone through different year-over-year trends, according to a report by the real estate listing site RentCafe. By analyzing five key metrics for rental competitiveness for…

Sen. Liu and Mets owner Cohen outline $8B plan for Flushing Skypark and new pedestrian bridge as part of Metropolitan Park project

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Mar. 31, 2025 By Barbara Russo-Lennon and QNS News Team New York State Senator John Liu hailed an ambitious park project near Citi Field as a “home run” for Queens on Sunday, announcing plans to introduce legislation that would clear the way for the Metropolitan Park casino development. The proposed project would transform the…

Ridgewood building added to NYC’s Unsafe Buildings Program after years of decay

unsafe

Mar. 26, 2025 By Colum Motherway After years of mounting violations, community frustration, and inaction, the city has officially declared a long-abandoned building in Ridgewood unsafe. The building at 614 Woodward Ave. has been formally entered into the New York City Department of Buildings (DOB) Unsafe Buildings Program, following sustained advocacy from Council Members…

Queens rents hit new highs as prices rise in every neighborhood: report

queens rent

Mar. 17, 2025 By Ethan Marshall Queens renters are feeling the squeeze as borough-wide apartment prices continue to climb. Studios, one-bedroom and two-bedroom units in Queens each experienced year-over-year rent increases of just under 5% during the month of February 2025, according to a report by the real estate firm M.N.S. Real Estate. The average…

City Council votes overwhelmingly in favor of $8B Metropolitan Park casino zoning changes

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Mar. 13, 2025 By Shane O’Brien The City Council has voted overwhelmingly in favor of modifications to zoning regulations for the planned $8 billion Metropolitan Park casino development adjacent to Citi Field in Flushing. The City Council voted 41-2 in favor of the proposal, a planned development by New York Mets owner Steve Cohen and Hard Rock…

NYC sees record-breaking 33,974 new homes completed in 2024, highest since 1965: DCP

new homes

Mar. 12, 2025 By Ethan Marshall Approximately 33,974 new homes were built in new buildings across New York City in 2024, according to the New York City Department of City Planning’s (DHS) Housing Database. This number, announced by DHS Director Dan Garodnick, marked the highest amount of completed units in a single year in…

Mayor Adams announces expansion of medical respite program for homeless New Yorkers

Mayor Eric Adams speaks to media at City Hall on March 3. The Mayor announced significant expansions to the medical respite program on Tuesday. Photo: Mayor's Office Flickr.

Mar. 4, 2025 By Shane O’Brien Mayor Eric Adams announced significant expansions to NYC Health + Hospitals’ medical respite bed program Tuesday, which offers patients experiencing homelessness a place to stay for up to 90 days after a major health event. Adams was joined by NYC Health + Hospitals CEO Dr. Mitchell Katz to…