April 4, 2025 By Ethan Marshall Long Island City and Woodside are among the top ten New York City neighborhoods with the most significant year-over-year decline in median asking prices and the largest increase in inventory during the first two months of 2025, according to a report from real estate listing site StreetEasy. Long Island… Read more »
April 3, 2025 By Ethan Marshall Construction on a 9-story residential building at 43-09 52nd St. in Woodside, known as the Econopoly, is nearing the topping-out stage, with structural construction almost done. The completed building will be 90 feet tall and yield 24,547 square feet of space across 33 rental units, equating to an average… Read more »
March 28, 2025 By Ethan Marshall Permits have been filed for the construction of an 8-story mixed-use building with 165 residences on the vacant lot at 35-10 12th St. in Astoria. The proposed building would be 80 feet tall and yield 130,546 square feet, with 109,887 square feet designated for residential space for the 165… Read more »
March 27, 2025 By Ethan Marshall As Governor Kathy Hochul considers extending a tax incentive program meant to support the growth of businesses and create more jobs in New York City, Queens businesses and economic development agencies, especially the Long Island City Partnership in Long Island City, are pushing for it to continue beyond its… Read more »
March 26, 2025 By Ethan Marshall Construction has officially been completed for the Borden Complex, a new industrial space and film and TV studio at 23-30 Borden Ave. in Long Island City. Developed by Innovo Property Group, the Borden Complex is a Class-A multi-tenant development spanning 1 million square feet. In addition to multiple floors… Read more »
March 25, 2025 By Ethan Marshall Construction has wrapped up for the facade of a 9-story building that will have 27 residences at 43-25 52nd St. in Woodside. The building is 90 feet tall and spans 22,945 square feet. With an average unit scope of 849 square feet, the 27 residential units will most likely… Read more »
March 20, 2025 By Ethan Marshall The commercial real estate agency Lee and Associates NYC announced that a 12-year lease had been facilitated for a dentist’s office in the South Tower of the Gotham Point mixed-use development in the Hunter’s Point South section of Long Island City. The dentist’s office will be located on the… Read more »
March 19, 2025 By Ethan Marshall Sign up for our weekly email newsletter to stay updated on the latest housing lotteries in New York City. New York City has launched a housing lottery for 41 units at 20 and 30 Hallets Point in Astoria. The developments feature 647 total residences, with 606 at market rate. The 41… Read more »
March 19, 2025 By Jessica Militello TF Cornerstone’s latest Long Island City development puts art and history at the forefront, blending local artists’ work and Art Deco influences to honor the neighborhood’s industrial past. Located at 2-20 and 2-21 Malt Drive, near Hunter’s Point South and Gantry Plaza State Park, the newly available 1,386-unit rental… Read more »
March 19, 2025 By Shane O’Brien The Long Island City Partnership (LICP) will host its 20th annual Real Estate Breakfast on Tuesday, April 8, bringing together industry experts and more than 300 business and civic leaders to discuss the state of the market and key developments in Western Queens. The event will take place from… Read more »