Dec. 7, 2023 By Ethan Marshall Lower-density neighborhoods in New York City are becoming more common and more diverse, according a study released by the independent research and education nonprofit Citizens Housing and Planning Council, which is dedicated to addressing the housing and planning needs in New York City. Other key findings include a desire for…
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Dec. 5, 2023 By Bill Parry
Dec. 4, 2023 By Ethan Marshall There is an expectation that the growth of rent in New York City will be much slower in 2024, according to the housing market predictions made by the real estate firm StreetEasy. At the same time, the report predicts that there will continue to be more demand for homes in the city than the amount of units available and thus preventing rents from falling. While the expectation is that inventory in New York City will further grow in 2024, it will still be smaller than the pre-pandemic levels. As a result, the rent growth…
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Dec. 1, 2023 By Bill Parry
A disbarred Murray Hill lawyer on Dec. 1 pleaded guilty to defrauding his clients in Brooklyn federal court.
Nov. 29, 2023 By Ethan Marshall The median rent price for one-bedroom units in New York City rose to an all-time high of $4,300 in November 2023, according to a report by the national real estate firm Zumper. This new high comes shortly after the median rent rose to above $4,000 for the first time…
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Nov. 29, 2023 By Ethan Marshall The national real estate investment firm Feil Organization announced on Nov. 17 that the Whitestone Plaza shopping center has been fully leased following two more leases. These two leases related to Beechhurst Executive Suites and The Smilist Dental. Beechhurst Executive Suites renewed its second floor 6,936-square-foot space for ten…
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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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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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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.
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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