Jan. 29, 2025 By emarshall Jan. 29, 2025 By Ethan Marshall Queens’ condo market remained dynamic in 2024, with certain neighborhoods experiencing distinct market shifts in the final quarter of 2024. During the fourth quarter last year, the condo markets in the Queens neighborhoods of Astoria, Long Island City and Flushing each experienced different trends… Read more »
Tag: Modern Spaces
Queens condo market sees mixed trends as Astoria prices soar, LIC stabilizes and Flushing declines: report
Jan. 29, 2025 By Ethan Marshall Queens’ condo market remained dynamic in 2024, with certain neighborhoods experiencing distinct market shifts in the final quarter of 2024. During the fourth quarter last year, the condo markets in the Queens neighborhoods of Astoria, Long Island City and Flushing each experienced different trends from the previous year, especially… Read more »
LIC warehouse sold for $7.6M in deal handled by Modern Spaces
Dec. 26, 2024 By Ethan Marshall Modern Spaces, a Long Island City-based real estate firm, announced it brokered the $7.6 million sale of a 16,800-square-foot warehouse located at 48-29 31st Place in Long Island City. The deal, finalized on Thursday, Dec. 5, marks another significant transaction in the borough’s evolving industrial real estate market. The… Read more »
Flushing, LIC, and Astoria see rise in Q3 condo sale prices, driven by strong demand in Queens real estate market: report
Nov. 6, 2024 By Ethan Marshall A key trend in Long Island City, Astoria and Flushing during the third quarter of 2024 was a rise in closed sale prices for condos, showing an increase compared to the same period in 2023, according to a report by the real estate firm Modern Spaces. Flushing had the… Read more »
Skyline Tower in LIC reaches new price per square foot record, 90% of units now sold
June 25, 2024 By Ethan Marshall Skyline Tower, the tallest building in Queens, has set a new record for the price per square foot for a Queens unit, doing so for the second time. Additionally, Modern Spaces, the real estate firm handling sales for the units at the development, announced that 90% of them have… Read more »
LIC-based Modern Spaces named exclusive marketer for Astoria luxury condominium
June 19, 2024 By Ethan Marshall The Long Island City-based real estate firm Modern Spaces has been assigned as the exclusive marketing and sales team for the residential project the Marina Astoria. Located at 30-05 Vernon Blvd., the Marina Astoria is a boutique luxury condominium with 67 units available, ranging from studios to three-bedroom units…. Read more »
Price of closed condos in Astoria rose 11% during first quarter of 2024 compared to previous year: Report
May 2, 2024 By Ethan Marshall During the first quarter of 2024, the average price for closed condos in Astoria went up 11% year-over-year, according to the Q1 report by the real estate firm Modern Spaces. The Astoria condo market saw a notable increase in average closing prices, climbing from $683,307 in the first quarter… Read more »
LIC-based real estate firm adopts social media strategy to boost local presence
Mar. 6, 2024 By Ethan Marshall The Long Island City-based real estate firm Modern Spaces has been using social media to market its properties and boost branding—and, in so doing, has experienced a large growth in audience and engagement. Modern Spaces has seen a 500% increase in its audience and a 69.1% increase in engagement… Read more »
Rents climb in LIC and Astoria, while condo prices are mixed: report
Nov. 14, 2023 By Ethan Marshall Rental prices were up while condos prices were mixed in Long Island City and Astoria in the third quarter of 2023, compared to the same period in 2022, according to a market report recently released by Queens real estate firm Modern Spaces. The average price to rent an apartment… Read more »
Queens real estate group CEO noticing trend of looks of home being prioritized over amenities
Nov. 6, 2023 By Ethan Marshall There appears to be a growing trend of prioritizing the looks of a home over its amenities among potential home buyers across the United States. Eric Benaim, the founder and CEO of the Queens real estate group and brokerage Modern Spaces, points to people’s desire for attention on sites like Instagram, Pinterest and TikTok for playing a big role in this growing trend. “We’re definitely seeing an uptick of people looking for apartments and homes where the developer has put a focus on design details,” Benaim said. “In the planning stages, we are working…
Read More