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…
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Feb. 7, 2024 By Ethan Marshall The median sales price for a unit in a brand-new Queens condo development increased in the fourth quarter of 2023 compared to the third quarter, according to a report by the real estate firm M.N.S. Real Estate. Over this span, the median price jumped 15.5% to $889,516 in the…
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Jan. 26, 2024 By Ethan Marshall The median rent price for one-bedroom and two-bedroom units in New York City both went down from December 2023 to January 2024, marking the first time since May that these prices went down month-over-month, according to a report by the real estate firm Zumper. The median rent for one-bedroom units in New York City decreased 2.9% from $4,161 in December 2023 to $4,040 in January 2024. Over the same period of time, two-bedroom units saw the median rent dip 6%, from $4,798 to $4,510. Despite the month-over-month decrease, New York City maintained its number…
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Jan. 25, 2024 By Bill Parry As New York Mets owner Steve Cohen and Hard Rock International look to build support for a plan to redevelop a 50-acre parking lot to the west of Citi Field into “Metropolitan Park“—which would consist of a casino, an entertainment complex, hotels and 20-acres of park space—Hard Rock hosted job and info sessions earlier this month at the New York Hall of Science in Corona and at The Queensboro restaurant in Jackson Heights. More than 250 small business owners, community-based groups and workforce development organizations participated in the sessions to learn about job opportunities…
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Jan. 22, 2024 By Rachel Butler A two-family house on Pople Avenue near Main Street in Flushing is set to be demolished, with a developer filing building permits to replace it with a 7-story building that will include 39 apartments and space for a community facility. Feng Jin Wang, of East West Mansion LLC., plans…
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Jan. 18, 2024 By Ethan Marshall The developers who plan to build a soccer stadium, affordable housing, retail space, open space, an elementary school and a hotel in Willets Point have purchased additional land where the ambitious project is slated to go. NYCFC, Sterling Equities and Related purchased two parcels in Willets Point for $12.3…
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Jan. 17, 2024 By Ethan Marshall Queens had more foreclosures than any other borough in 2023, accounting for 39% of all cases across the city, according to a report by the real estate firm PropertyShark. Of the 1,620 foreclosures in New York City in 2023, 631 of them were in Queens, including 50 in Elmhurst. The Queens…
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Jan. 16, 2024 By Ethan Marshall The average rental price in Queens increased 4.76% over the past year, from $2,654 in December 2022 to $2,780 in December 2023, according to a report by the New York City real estate firm M.N.S. Real Estate. Studio, one-bedroom and two-bedroom units all experienced increases in rental prices across…
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Jan. 12, 2024 By Iryna Shkurhan With tax season here, state Sen. John Liu is hosting information sessions in partnership with the NYC Department of Finance (DOF) to help residents apply for rent and property tax relief. New York homeowners, for instance, who meet certain criteria can save hundreds to thousands of dollars on their annual property taxes this year. Homeowners are advised, depending on their situation, to challenge the assessed value of their property, with a lower value reducing their tax bill. Depending on their home classification, they have until March 1 or March 15 to appeal their assessed…
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Jan. 10, 2024 By Czarinna Andres Queens is poised to be the epicenter of New York City’s real estate resurgence in 2024, according to a report by the real estate firm Street Easy. The report, titled 10 NYC Neighborhoods to Watch in 2024, said that trendy sub-neighborhoods within Queens will be stealing much of the spotlight, noting that in 2023 many renters and potential buyers flocked to the borough in search of more affordable housing options. While Queens is expected to shine, the report also indicates that Manhattan may regain popularity among renters this year as rental prices begin to…
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