Tag: real-estate-newsletter

Average rental price in Queens rose over 3% year-over-year in February 2024: report

average rental

Mar. 13, 2024 Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units in Queens all increased from February 2023 to February 2024, according to a report by the real estate firm M.N.S. Real Estate. The overall average cost of rent for these types of units increased 3.1% over this span, from $2,715 in 2023 to $2,800 in 2024. The Ridgewood neighborhood saw the largest month-over-month rental price increase at 5.32% . Studios experienced the most significant increase in rental price. The average rental price for these units in Queens rose 6.11% year-over-year, from $2,169 last year to…
Read More

Affordable housing lottery opens in Hollis, rent set at $2,300

affordable

Mar. 12, 2024 By Ethan Marshall A total of 15 affordable units are up for grabs at a development in southeast Queens, with a monthly rent of $2,300. The affordable units are part of a 7-story building spread across a block in Hollis at 188 Hillside Ave. The development, known as Q-188, has a total…
Read More

New York’s senior citizens rally for housing repairs, oppose funding cuts to aging services

senior citizens

Mar. 11, 2024 By Czarinna Andres and Lloyd Mitchell Senior citizens and community organizations across New York held a rally at Queens Borough Hall in Kew Gardens on Thursday, where they called for senior centers to be repaired and upgraded—and for the better services for older adults. Representatives of LiveOn NY, an advocacy group representing more than 4 million seniors and 120 living centers throughout the state, led the rally where the attendees demanded structural repairs and upgrades of senior center complexes. They also seek an increase in staffing to meet the needs of the growing senior population. The attendees…
Read More

Willets Point development clears latest hurdle in the public review process with unanimous approval of the City Planning Commission

willets point

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…
Read More

Permits filed for 4-story, 47-unit residential building in Flushing

filed

Feb. 20, 2024 By Ethan Marshall Permits have been filed for a 4-story, 47-unit residential building on 32nd Avenue in Flushing. The proposed development, which is slated to go up at 141-05 32nd Ave., would be approximately 40 feet tall and have 36,927 square feet of residential space, according to the permit. The development would include 47 residences, with each unit being an average of 786 square feet. Given the size, the units are likely to condos as opposed to rentals. In addition to the 47 residences, the structure will also have a cellar, 47 enclosed parking spaces and a…
Read More

Residents pack town hall hosted by Sen. Ramos to debate proposed casino development and alternative plan

town hall

Feb. 9, 2024 By Athena Dawson Hundreds of people gathered at the New York Hall of Science for a town hall hosted by state Sen. Jessica Ramos Wednesday evening to provide encouragement—or disapproval—of the proposed casino plan by Citi Field or the alternative Phoenix Meadows proposal. A huge line wrapped around the building as residents waited in anticipation to get inside. Part of the massive crowd were required to go into a standby auditorium to watch a live stream of the town hall via Facebook. The meeting, the third to be held by Ramos, was significant, since she said she…
Read More

Flushing group holds rally calling for amenity-rich park next to Citi Field instead of casino

flushing

Feb. 8, 2024 By Iryna Shkurhan In opposition to billionaire Steven Cohen’s plan to develop a casino next to Citi Field, community organizers rallied this past weekend in favor of their own proposal to convert the public land into an amenity-rich park with environmental considerations.  Dozens of members of the Flushing Anti Displacement Alliance (FADA)…
Read More

Landlords ignoring repairs ranked biggest problem New York State renters face: study

landlords

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…
Read More

Average rental price in Queens remained static in January 2024: report

rental price

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…
Read More