Nov. 7, 2024 By Ethan Marshall After the average rent for roommates in New York City spiked in the aftermath of the COVID-19 pandemic, a report by the roommate-finding site SpareRoom indicated prices began to stabilize during the third quarter of 2024, reaching $1,540. After hitting its peak average roommate rent of $1,625 during the second quarter…
Oct. 29, 2024 By Iryna Shkurhan Elon Musk is reportedly planning to open a Tesla facility in Queens. The electric car manufacturer leased the 150,000-square-foot space at 30-02 Whitestone Expwy. in College Point, according to an industrial report released earlier this month. The site was previously home to Toys “R” Us, Party WOW and…
Oct. 23, 2024 By Ethan Marshall Permits have been filed for the construction of a 5-story mixed-use building at 31-15 Linden Pl. in Flushing. The proposed development, located between 31st Road and 32nd Avenue, would be 45 feet tall and yield 11,690 square feet. A majority of the space will be dedicated to residential…
Oct. 21, 2024 By Iryna Shkurhan Elected officials from northeast Queens gathered at Beech Hills Apartments in Douglaston last Thursday to celebrate the signing of the Ground Lease Renewal Bill, a new law that offers co-op owners and prospective buyers greater flexibility. The bill allows co-op owners to extend or renew their ground leases…
Oct. 21, 2024 By Ethan Marshall As the first-time foreclosure market continued to slow across New York City during the third quarter of 2024 compared to the same period of time the previous year, Queens contributed immensely to this change, according to a report by the real estate agency PropertyShark. Across New York City,…
Oct. 16, 2024 By Ethan Marshall The number of homes entering contract across New York City increased significantly year over year, thanks in large part to a decline in mortgage rates, according to a report by the real estate listing site StreetEasy. Over this period, there was a 26.4% increase in homes entering contracts,…
Oct. 14, 2024 By Ethan Marshall The number of new leases for rentals signed in northwest Queens maintained its year-over-year surge in September 2024, according to a report by the real estate firm Douglas Elliman Real Estate. New leases signed spiked up 188.2% year-over-year, from just 296 in September 2023 to 853 in September…
Oct. 3, 2024 By Iryna Shkurhan A group representing dozens of civic and neighborhood organizations across Queens is calling for an investigation into a citywide housing proposal amid federal probes into the mayor and his administration. On Monday, the Queens Civic Congress released a statement calling for an immediate halt to the City of…
Oct. 1, 2024 By Bill Parry A Brooklyn squatter admitted he illegally occupied a Jamaica home and provided forged documents to authorities to stake his claim to the property as a legal tenant. Lance White-Hunt, 24, of 18th Street in South Slope, pleaded guilty to identity theft in the first degree, offering a false…
Sep. 30, 2024 By Athena Dawson Flushing Town Hall is set to celebrate New York City’s Architecture and Design Month this October. The multidisciplinary performing arts venue hosts various events in partnership with AIA Queens- a chapter of the American Institute of Architects- and the Queens Foundation for Architecture. Throughout the month of October, residents…