May. 31, 2024 By Ethan Marshall Tenants from a collection of rent-stabilized buildings in Queens gathered outside the offices of the New York Division of Homes and Community Renewal (DHCR) last Friday, May 24, to announce their plans to file an Article 78 legal challenge. The action seeks to compel DHCR to address and resolve…
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Tag: real-estate-newsletter
Historic Tide Gate Bridge in Flushing Meadows Corona Park to get a $41 million upgrade
May. 30, 2024 By Czarinna Andres City officials, including NYC Parks Commissioner Sue Donoghue and Queens Borough President Donovan Richards Jr., broke ground on the $41 million renovation of the 85-year-old Tide Gate Bridge in Flushing Meadows Corona Park, on Monday, May 28. The bridge, also known as Porpoise Bridge, spans 36 feet wide and…
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Six Queens neighborhoods rank among those with most excessive property fees in NYC: report
May. 30, 2024 By Ethan Marshall The Queens neighborhoods of Flushing, College Point, Glen Oaks, Jackson Heights, Briarwood and Jamaica Estates ranked within the top ten neighborhoods in New York City with the most excessive property fees, according to a report by the financial services company CashNetUSA. The property fees taken into account for this…
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Fresh Meadows realty group donates pizza to officers of 107th Precinct for work they have done in community
May. 29, 2024 By Ethan Marshall The Fresh Meadows-based real estate firm Commerce Realty Group, located on the second floor of 77-11 164th St., recently donated seven pizza pies from John’s Pizza at 83-40 Parsons Blvd. to the 107th Precinct. Commerce Realty Group broker and owner Marc Richter felt that doing something like this would…
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Whitestone’s brand new drainage system spanning 120 blocks is finally complete days before hurricane season
May. 29, 2024 By Iryna Shkurhan After almost a decade in the making and a $128 million investment from the city, a complete overhaul of Whitestone’s sewer system is finally complete. The area’s elected officials, city agency heads and the workers who made it all happen, gathered on a quiet residential street Tuesday afternoon to…
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Sen. Ramos delivers potential death blow to Mets owner’s dream of a casino alongside Citi Field
May. 28, 2024 By Bill Parry
State Senator Jessica Ramos dealt a serious blow Tuesday to New York Mets owner Steve Cohen’s dream of building a massive casino and entertainment complex on the parking lot adjoining Citi Field where Shea Stadium once stood.
Queens dominates list of NYC’s most sought-after neighborhoods for roommates
May. 22, 2024 By Ethan Marshall Among the five boroughs in New York City, Queens is found to have the most ‘up-and-coming’ neighborhoods for roommates, according to a report by the roommate finding site SpareRoom. This conclusion was reached based on an analysis SpareRoom conducted of over 15 million roommate searches on their site from…
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Rental prices in Queens increase over 4% year-over-year: report
May. 22, 2024 By Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units in Queens increased 4.32% year-over-year in April 2024, according to a report by the real estate firm M.N.S. Real Estate. Studios in Queens had by far the biggest jump in rental price, rising 10.19% year-over-year, from $2,128 in April…
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Belmont Racetrack re-development named a ‘Project of Regional Significance’
May. 21, 2024 By Athena Dawson The Belmont Racetrack reboot has been hailed as a “Project of Regional Significance” by the Long Island Regional Planning Council (LIRPC). The $455 million project for the Belmont Park racetrack in Elmont, near the Queens-Nassau County border, was given the designation after a presentation from developer Michael Dubb, who…
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NYC’s rent skyrockets over seven times faster than wages, widest gap in U.S.: Report
May. 15, 2024 By Ethan Marshall New York City suffered the largest gap between the amount of growth in wages and the increase in rent across the United States from 2022 to 2023, according to a study by the real estate listing information firm StreetEasy and the real estate marketplace company Zillow. Among the metro…
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