Tag: real-estate-newsletter

Rooftop lounge opens in College Point, introducing skyline views and nightlife to the neighborhood

rooftop

Sep. 3, 2024 By Iryna Shkurhan Queens now has a new and unexpected destination for rooftop drinks with skyline views—Cityview Rooftop Lounge in College Point. It officially opened to the public on Thursday afternoon, marking the end of a successful soft opening over the summer. The owners and locals celebrated with a ribbon-cutting ceremony…

Queens BP Donovan Richards offers conditional support for Mayor’s ‘City of Yes’ housing plan

condition

Aug. 27, 2024 By Shane O’Brien Queens Borough President Donovan Richards has announced his conditional support for Mayor Eric Adams’ City of Yes housing plan, which would update the city’s zoning laws and make it easier to build affordable housing units and convert office buildings to housing. The city estimates that the proposal could…

NYC metro area on pace to lead nation in new apartments constructed in 2024: report

lead

Aug. 21, 2024 By Ethan Marshall The New York City metropolitan area is on track to lead the United States in new apartments constructed among major cities in 2024, according to a report by the real estate firm RentCafe. With 32,935 new rentals expected to be completed by the end of the year, the…

Co-op listings in Queens declined year-over-year in July 2024: report

co-op

Aug. 20, 2024 By Ethan Marshall New York City saw the number of new listings in July 2024 reach its lowest level since 2016, with Queens experiencing a deep decline in new listings over this period, according to a report by the real estate listing site StreetEasy. Year-over-year, the number of new listings in…

Average rental price in Queens continues upward trend in July 2024: report

rental

Aug. 14, 2024 By Ethan Marshall The average rental price for all units in Queens rose 6.76% year-over-year in July 2024, according to a report by the real estate firm M.N.S. Real Estate. This jump continues an upward trend seen in the previous month. The overall average rental price in Queens jumped from $2,734…

Permits filed for 14-story community facility in Flushing

community

Aug. 13, 2024 By Ethan Marshall Permits have been filed for the construction of a 14-story community facility between Union Street and Bowne Street in Flushing. The proposed development, located at 138-30 Northern Blvd., would be 182 feet tall and yield 65,387 square feet if built. This building would be designated for community facility…

Apartment space in Queens among most costly in United States: report

apartment

Aug. 7, 2024 By Ethan Marshall Out of the 100 largest cities in the United States, Queens ranked 95th when it came to the average size of an apartment for $1,500 a month, according to a report by the real estate site RentCafe. The study’s results concluded that apartments in Queens with a $1,500…

Flushing lawmaker introduces legislation aimed at combating squatters

legislation

Jul. 25, 2024 By Athena Dawson Flushing Council Member Sandra Ung (D-20) has introduced a bipartisan bill protecting homeowners from squatters. Ung partnered with Republican Minority Leader Joseph Borelli (D-51) on legislation requiring the NYPD to create a home vacancy program, protecting property owners and tenants from squatters illegally occupying their homes.  The program…