Oct. 16, 2024 By Ethan Marshall The number of homes entering contract across New York City increased significantly year over year, thanks in large part to a decline in mortgage rates, according to a report by the real estate listing site StreetEasy. Over this period, there was a 26.4% increase in homes entering contracts,…
Tag: real-estate-newsletter
Permits filed for 4-story residential building in Far Rockaway
Oct. 15, 2024 By Ethan Marshall Permits have been filed for the construction of a 4-story residential building at 616 Hartman Ln. in Far Rockaway. The proposed development, located between Beach 25th Street and Hartman Lane, would be 40 feet tall and yield 29,418 square feet when built. Demolition permits will not be needed,…
Construction completes on 8-story transitional housing complex in Rego Park
Oct. 15, 2024 By Ethan Marshall Construction has wrapped for The Lionheart, an 8-story transitional housing complex in Rego Park. Located at 92-62 Queens Blvd., the Lionheart stands 83 feet tall and spans 57,407 square feet. The building features 88 affordable rental units, each averaging 798 square feet. A portion of these units will…
New leases in northwest Queens continue upward trend in September 2024 compared to previous year: report
Oct. 14, 2024 By Ethan Marshall The number of new leases for rentals signed in northwest Queens maintained its year-over-year surge in September 2024, according to a report by the real estate firm Douglas Elliman Real Estate. New leases signed spiked up 188.2% year-over-year, from just 296 in September 2023 to 853 in September…
Queens Civic Congress calls for halt and investigation into City of Yes amid mayor’s federal charges
Oct. 3, 2024 By Iryna Shkurhan A group representing dozens of civic and neighborhood organizations across Queens is calling for an investigation into a citywide housing proposal amid federal probes into the mayor and his administration. On Monday, the Queens Civic Congress released a statement calling for an immediate halt to the City of…
Construction set to begin on 47-story skyscraper in Kew Gardens Hills
Oct. 2, 2024 By Ethan Marshall A construction project on a 47-story mixed-use skyscraper complex at 71-12 Park Ave. in Kew Gardens Hills is set to begin. Located along Parsons Boulevard, between 71st Avenue and 72nd Avenue and adjacent to the 107th Precinct, the complex will consist of two towers at a shared podium.…
Squatter pleads guilty to occupying vacant Jamaica home, providing forged documents to authorities: DA
Oct. 1, 2024 By Bill Parry A Brooklyn squatter admitted he illegally occupied a Jamaica home and provided forged documents to authorities to stake his claim to the property as a legal tenant. Lance White-Hunt, 24, of 18th Street in South Slope, pleaded guilty to identity theft in the first degree, offering a false…
Celebrate ‘Archtober’ with architecture centered events at Flushing Town Hall this October
Sep. 30, 2024 By Athena Dawson Flushing Town Hall is set to celebrate New York City’s Architecture and Design Month this October. The multidisciplinary performing arts venue hosts various events in partnership with AIA Queens- a chapter of the American Institute of Architects- and the Queens Foundation for Architecture. Throughout the month of October, residents…
Housing lottery launches for 5-story residential building in Ridgewood, rent starts at $2,830
Sep. 24, 2024 By Ethan Marshall New York City has launched a housing lottery for three units at 18-15 Linden St. in Ridgewood. This 5-story building yields a total of nine residences, with six being at market rate. The other three residences have been set aside for those earning 130% of the area median…
Wells Fargo, Habitat for Humanity partner to transform dilapidated Queens Village house as part of net zero initiative
Sep. 20, 2024 By Ethan Marshall Volunteers from Wells Fargo joined Habitat for Humanity New York City and Westchester County on Tuesday, Sept. 17, to help renovate a Queens Village home as part of an affordable housing project supported by the two organizations. The Jamaica home, located at 106-10 215th St., is one of…