Tag: real-estate-newsletter

Flushing’s Northern Tower nears completion, set to become Queens’ first five-star hotel

Northern Tower

Feb. 3, 2025 By Ethan Marshall Construction is almost done on a 13-story hotel and residential building, the Northern Tower, at 35-32 Leavitt St. in Flushing. As of the end of January 2025, the Northern Tower has been fully clad in white and earth-toned paneling and external floor-to-ceiling glass. Glass railing for terraces also…

Construction nears completion for The Prince, a 120-unit condo building in Flushing

the prince

Jan. 31, 2025 By Ethan Marshall Construction work is nearly finished for a 15-story residential building known as “The Prince” at 134-03 35th Ave. in Flushing. The structure is now almost completely enclosed in the reflective glass curtain wall. All that is left to complete are some sections at the ground floor close to the…

Construction advances on Magnolia Gardens, a 7-story transitional housing facility in Flushing

facade

Jan. 31, 2025 By Ethan Marshall Construction of Magnolia Gardens, an upcoming 7-story transitional residential and community facility at 39-03 College Point Blvd. in Flushing, is beginning to take shape, with facade installation now being performed. Based on the renderings of the building, Magnolia Gardens will have white brick and gray metal paneling covering…

Ten Queens neighborhoods rank among 50 most expensive in NYC: report

queens neighborhoods

Jan. 30, 2025 By Ethan Marshall Queens accounted for ten of the 50 most expensive New York City neighborhoods to reside in 2024, according to a report by the real estate data site PropertyShark. Despite the borough’s prevalence on the list, none of its neighborhoods ranked among the top ten most expensive neighborhoods. Hunters…

Permits filed to double the height of a 2-story mixed-use building in Jamaica

permits

Jan. 28, 2025 By Ethan Marshall Permits have been filed to vertically expand the building at 150-28 Hillside Ave. in Jamaica, increasing its height from two stories to four. The proposed mixed-use building would be 42 feet tall and yield 8,221 square feet of space, with 6,345 square feet being dedicated to residential space…

Queens leads NYC in foreclosures despite overall metro area decline in 2024: report

Foreclosures and foreclosed home for sale property listings, financial concept : Yellow warning sign board with the words FORECLOSURE FOR SALE BANK-OWNED, a two-story model house, coins on a table.

Jan. 21, 2025 QNS News Team First-time foreclosure filings across the broader New York metro area declined significantly in 2024, according to PropertyShark’s latest foreclosure report. The report released on Monday, Jan. 20, reveals a 14% year-over-year drop compared to 7,264 cases in 2023. It expanded its coverage to include 12 New York and…

Median rent in Northwest Queens drops for the first time in months: report

neighborhood

Jan. 15, 2025 By Ethan Marshall The year 2024 concluded with a notable shift in Northwest Queens’ rental market, as the area experienced its first yearly decline in median rent in several months, according to a report by the real estate firm Douglas Elliman Real Estate. The dip in December marked a significant moment…

Queens rents continue to rise in 2024, with two-bedroom units seeing the biggest jump: report

queens

Jan. 14, 2025 By Ethan Marshall Studio, one-bedroom, and two-bedroom rental units in Queens all saw year-over-year price increases by the end of 2024, according to a report by the real estate firm M.N.S. Real Estate. The overall average rental price for these residential units rose 3.85% year-over-year, from $2,780 in December 2023 to…