Tag: real-estate-newsletter

Celebrate ‘Archtober’ with architecture centered events at Flushing Town Hall this October

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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…

Bayside community ramps up opposition to City of Yes housing plan as city council vote nears

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Sep. 19, 2024 By Iryna Shkurhan A residential street in Bayside was closed on Monday evening to accommodate the substantial crowd of local residents, including some who traveled from southeast Queens to protest the City of Yes initiative.  In northeast Queens, elected officials and residents gathered once again to make a strong statement in…

Queens, Brooklyn and Manhattan experiencing more competition in rental market: report

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Sep. 17, 2024 By Ethan Marshall Over the course of the summer of 2024, viewed as the peak rental season, Queens and Brooklyn each experienced sharp increases in competition among renters compared to the same time in 2023 and Manhattan maintaining a high degree of such competition, according to a Rental Competitiveness Report by…

Excavation and foundation work begins for 24-story residential building in Jamaica

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Sep. 11, 2024 By Ethan Marshall Excavation and foundation work is underway at the future site of a 24-story residential building at 94-15 Sutphin Blvd. in Jamaica. The building is expected to be completed in 2027. Located between 94th and 95th Avenues and Sutphin Boulevard, the formerly vacant plot of land now has a team…

Decline in mortgage rates lead to lower income needed to afford home in NYC: report

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Sep. 10, 2024 By Ethan Marshall While the annual income needed to afford to purchase a home in New York City was still significantly higher than the national average in August 2024, there was a large decrease year-over-year, thanks in large part to mortgage rates declining, according to a report by the real estate…

Cost of rentals in Queens continue to rise year-over-year in August 2024: report

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Sep. 6, 2024 By Ethan Marshall The average rental price for housing units across Queens went up 4.07% year-over-year in August 2024, according to a report by the real estate firm M.N.S. Real Estate. Queens had its overall rental price jump from $2,812 in August 2023 to $2,926 in August 2024. Studios, one-bedroom, and…