Tag: real-estate-newsletter

Flushing Commons unveils state’s largest public EV charging garage

Flushing Commons opened the largest public EV charging station in New York State this May.

Jul. 21, 2025 By Athena Dawson The largest public charging station in New York state has opened in Flushing. Flushing Commons, a mixed use apartment complex located at 138-35 39th Ave., has converted its four story garage into a Level 2 charging station. The station, which opened on May 1 offers 424 Level 2…

Queens rents increase to over $3,000 in June 2025: report

rents

Jul. 17, 2025 By Ethan Marshall The average cost of rent for apartments in Queens eclipsed $3,000 in June 2025, according to a report by M.N.S. Real Estate. Year-over-year, the average rent in Queens rose 3.49%, from $2,902 in June 2024 to $3,003 in June 2025. Studios, one-bedroom units and two-bedroom units all went…

Median rent of NYC apartments reach record high $4,700 in June 2025: report

apartments

Jul. 16, 2025 By Ethan Marshall By the end of June 2025, the median rental price of apartments across New York City reached a record high of $4,700, according to a report by the real estate site RentHop. Year-over-year, the median rent across the city rose 6.6%, from $4,409 in June 2024 to $4,700…

Average price of Queens houses surpasses $1M in Q2 2025: Report

average price

Jul. 11, 2025 By Ethan Marshall The second quarter of 2025 marked the first time that the average price for one-to-three-family homes in Queens eclipsed $1 million, according to a report by the real estate agency Brown Harris Stevens. The average price of these homes rose 9.1% year over year, from $928,953 in the…

Queens sees higher median home prices amid shrinking inventory and fewer sales: Report

median

Jul. 10, 2025 By Ethan Marshall Queens saw a year-over-year increase in the median sales price of co-ops, condos, and one-to-three-family homes during the second quarter of 2025, even as both inventory and the number of closed sales declined, according to a report by Douglas Elliman Real Estate. The borough’s median sales price of…

Mayor Adams hears community concerns on housing, e-bikes, education at Bayside town hall

community

Jul. 7, 2025 By Czarinna Andres Mayor Eric Adams hosted his 41st “Community Conversation” at P.S. 46 in Bayside on Wednesday evening, meeting with residents to discuss a wide range of local and citywide concerns, including housing, education, public safety, mental health, and small property ownership. The event, held at The Alley Pond School,…

Millionaire renters surge in NYC as high earners opt for luxury leases: report

millionaire

Jul. 3, 2025 By Ethan Marshall The New York metro area experienced a drastic surge in millionaires renting property there from 2019 to 2023, according to a report by the real estate listing site Rent Cafe. Over this period of time, the number of households in the area rented by those earning at least…

Micro units account for over 40% of NYC’s rental supply pipeline: report

micro units

Jul. 2, 2025 By Ethan Marshall New York City ranks among the top major cities in the United States in the number of rental units that are undersized, and nearly half of the units in the pipeline there are planned to be micro units, according to a report by storage space marketplace Storage Cafe.…

Metropolitan Park team officially submits application to New York State ahead of deadline

metropolitan park

Jun. 27, 2025 By Shane O’Brien The team behind Metropolitan Park – led by New York Mets owner Steve Cohen and Hard Rock International – has officially submitted an application to the New York State Gaming Facility Location Board for one of three downstate gaming licenses. The application, which came ahead of Friday’s deadline…

Selfhelp Realty in Flushing awarded $1M for all-electric senior housing project

selfhelp

Jun. 25, 2025 By Ethan Marshall The non-profit developer Selfhelp Realty Group announced it has received $1 million in funding from the New York State Energy Research and Development Authority (NYSERDA) to support the construction of Kissena House, an upcoming 110-unit, all electric, energy-efficient building for low-income seniors at the intersection of 45th Avenue…