Year-over-year, the median rental price rose 27.2%, to $3,900. This is also 31.8% higher than before the COVID-19 pandemic. The average rental price increased 27.3%, from $3,368 in Aug. 2022 to $4,287. The average rent price per square foot in northwestern Queens went up 23%, from $53.19 to $65.43.
The net effective median rental price reached a record high $3,871, breaking the previous month’s record of $3,850. It was also the fourth time in the last five months that a new record was reached.
While all rental price trend indicators increased to new highs, lease signings experienced a sharp decline from July to August of 2023. The 233 new lease signings in August were also 46.1% lower than the same month last year.
Since its inception 30 years ago, Power Women of Queens, this year presented by Bethpage Federal Credit Union, has recognized thousands of women for their extraordinary contributions and built a network for continuous growth.
The NYPD and federal agents arrested five Romanian nationals living in Queens on Thursday for engaging in a sophisticated ATM skimming operation that involved the theft of bank account information and PIN numbers from more than 600 unsuspecting bank customers from across the borough.
The five men were named in an indictment that was unsealed in Brooklyn federal court charging them with fraud and aggravated identity theft following a long-term investigation by the NYPD, FBI and the Secret Service.
Queens Borough President Donovan Richards and the African American Heritage Month Committee closed out Black History Month with the annual Black History Month Celebration at Helen Marshall Cultural Center at Queens Borough Hall on Tuesday, Feb. 27.
Queens Congresswoman Grace Meng, along with a coalition of elected officials, has penned a letter to the Metropolitan Transit Authority (MTA) regarding the extended downtime of three crucial escalators at the 74th Street-Broadway subway station in Jackson Heights.