Feb. 18, 2025 By Ethan Marshall Being single in New York City isn’t just emotionally expensive—it’s financially draining too. A new study has found that renters who live alone are paying a staggering $20,100 more per year than those who split a home with a partner or roommate, making the so-called “singles tax” in…
Feb. 17, 2025 By Ethan Marshall The real estate consultant Ariel Property Advisors experienced a decline in investment sales, despite an increase in transactions in 2024, according to their Queens 2024 Year-End Commercial Real Estate Trends report. Investment sales in Queens went down 7% year-over-year, from $3.18 billion in 2023 to $2.95 billion in…
Feb. 13, 2025 By Ethan Marshall The average rent for studio, one-bedroom and two-bedroom units all increased year-over-year in Queens in January 2025, according to a report by the real estate firm M.N.S. Real Estate. The overall average rent in Queens increased from $2,781 in January 2024 to $2,902 in January 2025, marking a 4.38%…
Feb. 12, 2025 By Ethan Marshall The real estate and management platform Outpost Club offers various programs and benefits to help people find and better afford rentals across New York City. Outpost Club helps to provide furnished housing for prospective renters. They also put a lot of effort into screening potential tenants in order…
Feb. 11, 2025 By Bill Parry A disbarred Flushing-based attorney was sentenced in Brooklyn federal court last week to four-and-a-half years in prison for defrauding his real estate clients in the Korean-American community out of millions of dollars. Hyun W. Lee, 51, also known as “Michael Lee,” of Closter, in Bergen County, New Jersey,…
Feb. 5, 2025 By Jessica Militello State Senator John Liu, in collaboration with Assembly Members Ed Braunstein, Nily Rozic, Ron Kim, and David Weprin, and Council Members Linda Lee, Sandra Ung, and James Gennaro, is partnering with the NYC Department of Finance to offer free sessions this tax season aimed at helping residents navigate…
Feb. 3, 2025 By Ethan Marshall Construction is almost done on a 13-story hotel and residential building, the Northern Tower, at 35-32 Leavitt St. in Flushing. As of the end of January 2025, the Northern Tower has been fully clad in white and earth-toned paneling and external floor-to-ceiling glass. Glass railing for terraces also…
Jan. 31, 2025 By Ethan Marshall Construction work is nearly finished for a 15-story residential building known as “The Prince” at 134-03 35th Ave. in Flushing. The structure is now almost completely enclosed in the reflective glass curtain wall. All that is left to complete are some sections at the ground floor close to the…
Jan. 31, 2025 By Ethan Marshall Construction of Magnolia Gardens, an upcoming 7-story transitional residential and community facility at 39-03 College Point Blvd. in Flushing, is beginning to take shape, with facade installation now being performed. Based on the renderings of the building, Magnolia Gardens will have white brick and gray metal paneling covering…
Jan. 30, 2025 By Ethan Marshall Queens accounted for ten of the 50 most expensive New York City neighborhoods to reside in 2024, according to a report by the real estate data site PropertyShark. Despite the borough’s prevalence on the list, none of its neighborhoods ranked among the top ten most expensive neighborhoods. Hunters…