Tag: real-estate-newsletter

New York metro leads the nation in office-to-apartment conversions in 2025: report

new york metro

Feb. 19, 2025 By Ethan Marshall With cities across the United States increasingly turning vacant office buildings into residential spaces, the New York metropolitan area has emerged as the nation’s leader in office-to-apartment conversions in 2025, according to a report by the real estate listing site RentCafe. The New York metropolitan area has 8,310…

Former Parkway Hospital site in Forest Hills set for environmental remediation, redevelopment

parkway hospital

Feb. 18, 2025 By Ethan Marshall The long-vacant Parkway Hospital site in Forest Hills is set to undergo a major environmental cleanup as part of its planned transformation into a mixed-use development featuring senior affordable housing, family units, and community space. Applications have been filed to enroll the property at 70-35 113th St. into…

NYC renters face skyrocketing ‘singles tax’ as solo living gets pricier: report

single

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…

Queens real estate investment sales drop despite transaction growth in 2024: report

ariel

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…

Outpost Club: The affordable housing solution for renters in NYC looking for flexibility

Outpost Club

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…

Former Flushing attorney sentenced for stealing millions from real estate clients in the Korean-American community: Feds

flushing

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,…

Flushing’s Northern Tower nears completion, set to become Queens’ first five-star hotel

Northern Tower

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…

Construction nears completion for The Prince, a 120-unit condo building in Flushing

the prince

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…