Tag: real-estate-newsletter

Queens among top areas preferred by renters in countrywide real estate report

Queens

Nov. 28, 2023 By Ethan Marshall Queens was viewed as one of the top areas in the United States by renters throughout November 2023, according to the latest rental activity report compiled by the national real estate firm RentCafe. Queens is also the most popular rental destination in the northeastern region of the United States….
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Willets Point development proposal draws concerns from community board about traffic congestion, possible homeless shelter

Willets Point

Nov. 17, 2023 By Rachel Butler A group of approximately 70 people including residents, labor union workers and New York City Football Club fans attended a Community Board 7 meeting in Whitestone on Nov. 15 to learn about the massive Willets Point Phase 2 proposal that would bring 1,400 residential units, a soccer stadium and a two-star hotel if approved. The meeting, which took place at the St. Luke’s Pastoral Center, was held by the board’s Land Use Committee and was the first of several board meetings in which the public will be able to learn and provide feedback on…
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NYCFC presents new details of its $780 million soccer stadium at Willets Point

NYCEDC-Project-Willets-Point-Stadium-Rendering

Nov. 16, 2023 By Bill Parry

New York City Football Club (NYCFC) revealed new details of its proposed $780 million 25,000-seat soccer stadium they plan to build as part of the Willets Point redevelopment at a Community Board 7 Land Use committee hearing in Whitestone Wednesday, Nov. 15.

NYC among least affordable markets in the country: report

least

Nov. 16, 2023 By Ethan Marshall New York City was named among the least affordable cities in the United States over the month of October, according to the latest National Affordability Report from the real estate firm RealtyHop. The Big Apple ranked as the fourth-least affordable city, moving up from the fifth place spot in the prior month’s report. The cost of a home in New York City ended up increasing, with the real estate value growing 3.8%. High interest rates and asking prices were cited as two of the main contributing factors to New York City becoming less affordable…
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DCP updates online census tools with new demographic information and features

census

Nov. 16, 2023 By Ethan Marshall The Department of City Planning announced that updates have been made to the Population FactFinder and Population MapViewer tools on its website to provide new demographic information and features on New York City’s community. These updates include information from the Census Bureau’s 2020 “Census Demographic and Housing Characteristics” file. “The latest additions to Population FactFinder and MapViewer are the next step in our ongoing work to make important demographic information about New York City accessible and transparent to all,” Department of City Planning Director Dan Garodnick said. “Our cutting-edge online tools make it easy…
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‘A huge win for everyone’: Mets owner Steve Cohen unveils $8 billion Metropolitan Park plan near Citi Field

Steve Cohen

Nov. 7, 2023 By Bill Parry Mets owner Steve Cohen is hoping his $8 billion “Metropolitan Park” plan unveiled Tuesday is a home run with the city and community, as it includes a 20-acre public park alongside a casino, hotels, food hall and music venue. Partnering with entertainment giant Hard Rock International, the Metropolitan Park plan aims to create a year-round entertainment complex on a 50-acre “vacant asphalt” parking lot just west of Citi Field that has not served the community of fans to its full potential. “It’s time the world’s greatest city got the sports and entertainment park it deserves,”…
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Average rental price in Queens increased year-over-year nearly 3% in October 2023: report

average rental price

Nov. 7, 2023 By Ethan Marshall There was a 2.94% increase in the average rental price in Queens in October 2023 compared to the same month last year, according to a report from the MNS Real Estate firm. The year-over-year increase came despite the fact that rental prices for two-bedroom units actually went down 0.48%, from $3,441 to $3,424. This is largely due to more significant increases experienced with studio (5.40%) and one-bedroom (5.46%) units. Rental prices increased in studio units from $2,140 to $2,256 and in one-bedroom units from $2,588 to $2,729. Despite the significant increase in the average…
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Queens real estate group CEO noticing trend of looks of home being prioritized over amenities

look

Nov. 6, 2023 By Ethan Marshall There appears to be a growing trend of prioritizing the looks of a home over its amenities among potential home buyers across the United States. Eric Benaim, the founder and CEO of the Queens real estate group and brokerage Modern Spaces, points to people’s desire for attention on sites like Instagram, Pinterest and TikTok for playing a big role in this growing trend. “We’re definitely seeing an uptick of people looking for apartments and homes where the developer has put a focus on design details,” Benaim said. “In the planning stages, we are working…
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One in three NYC homes on the market don’t sell: report

home

Nov. 6, 2023 By Ethan Marshall A study conducted by the New York City real estate firm StreetEasy concluded that 35.7% of previously-owned New York City homes on the market don’t get sold. StreetEasy also concluded that the average listing spends a median of 89 days on the market in New York City, compared to…
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