Oct. 21, 2024 By Iryna Shkurhan Elected officials from northeast Queens gathered at Beech Hills Apartments in Douglaston last Thursday to celebrate the signing of the Ground Lease Renewal Bill, a new law that offers co-op owners and prospective buyers greater flexibility. The bill allows co-op owners to extend or renew their ground leases…
Aug. 20, 2024 By Ethan Marshall New York City saw the number of new listings in July 2024 reach its lowest level since 2016, with Queens experiencing a deep decline in new listings over this period, according to a report by the real estate listing site StreetEasy. Year-over-year, the number of new listings in…
July 15, 2024 By Ethan Marshall Condo prices are up in Long Island City, although sales volume has dropped, according to a new report. The median price paid for a condo in Long Island City increased in the second quarter of 2024, compared to the same period last year, according to a report by the… Read more »
Dec. 7, 2023 By Former U.S. Congressman Tom Suozzi Climate change is real and we must take aggressive proactive steps to address it, but we can’t bankrupt working and middle class co-op and condo homeowners in our efforts to make change. New York City Local Law 97, with its unforgiving timelines and heavy fines, endanger the housing security of working and middle-class families who have invested their life savings into their co-ops and condos all over Queens, from Whitestone to Bay Terrace. Residents are concerned about the financial squeeze placed on them by the strict emissions caps and steep penalties…
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Oct. 11, 2023 By Ethan Marshall According to StreetEasy’s September Market Report, the Queens neighborhoods of Flushing, Forest Hills and Long Island City are among those with the most homes entering contracts in all of New York City for the month of September. Long Island City and Forest Hills tied for the third-most, with Flushing placing not far behind them at fifth. Both Forest Hills and Long Island City had 38 homes in contract during September 2023. During that time, the median asking price for homes in contract was $439,500 in Forest Hills and $1,164,636 in Long Island City. Of…
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A wave of fires caused by e-bike batteries is spurring landlords and co-op boards across the city to consider outright bans or restrictions of the batteries inside their buildings.