Tag: real-estate-newsletter

Residents pack town hall hosted by Sen. Ramos to debate proposed casino development and alternative plan

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town hall

Feb. 9, 2024 By Athena Dawson Hundreds of people gathered at the New York Hall of Science for a town hall hosted by state Sen. Jessica Ramos Wednesday evening to provide encouragement—or disapproval—of the proposed casino plan by Citi Field or the alternative Phoenix Meadows proposal. A huge line wrapped around the building as residents waited in anticipation to get inside. Part of the massive crowd were required to go into a standby auditorium to watch a live stream of the town hall via Facebook. The meeting, the third to be held by Ramos, was significant, since she said she…
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Flushing group holds rally calling for amenity-rich park next to Citi Field instead of casino

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flushing

Feb. 8, 2024 By Iryna Shkurhan In opposition to billionaire Steven Cohen’s plan to develop a casino next to Citi Field, community organizers rallied this past weekend in favor of their own proposal to convert the public land into an amenity-rich park with environmental considerations.  Dozens of members of the Flushing Anti Displacement Alliance (FADA)…
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Landlords ignoring repairs ranked biggest problem New York State renters face: study

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landlords

Feb. 8, 2024 By Ethan Marshall The most common complaint tenants in New York State have with their landlords deals with the avoidance or mishandling of repairs, according to data collected by the moving resource site moveBuddha. This conclusion was drawn based upon an analysis of reviews by renters on the crowdsourced landlord review site…
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Average rental price in Queens remained static in January 2024: report

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rental price

Feb. 7, 2024 By Ethan Marshall The average rental price in Queens remained mostly static in January 2024 compared to December 2023, according to a report from the real estate firm M.N.S. Real Estate. There was only a 0.02% increase over that time period, with the average rent going from $2,780 to $2,781. Studio units…
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NYC Housing Partnership names new vice president

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housing partnership

Jan. 31, 2024 By Ethan Marshall A new vice president has been named for the New York City nonprofit NYC Housing Partnership Development Corporation, which partners with city and state housing agencies and developers to create, develop, preserve and promote quality affordable housing. Debbra McAllister will take on the role after spending 18 years at…
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Affordable housing lottery opens in Kew Gardens, rent starts at $1,522 a month

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housing

Jan. 30, 2024 By Ethan Marshall A total of 13 affordable units are up for grabs at the Metropolitan Senior Apartments in Kew Gardens, with monthly rents ranging from $1,522-$1,937. The affordable units are part of an 8-story mixed-use building at 132-77 Metropolitan Ave. In total there will be 40 residences in the building, with 27 being market rate. The city has opened a lottery for the 13 affordable units. Two of them are studio, eight are one-bedroom and three are two-bedroom. All 13 affordable units are for residents earning 80% of the area median income (AMI). The area median…
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Union construction workers and elected officials demand removal of Joy Construction from Edgemere Commons mega development

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union

Jan. 29, 2024 By Gabriele Holtermann Construction laborers, union members, community leaders, and elected officials rallied outside Edgemere Commons on Beach Channel Drive in Far Rockaway, Queens, on Jan. 25, demanding the removal of Joy Construction as the general contractor for the mega development that consists of 11 buildings and 2,050 affordable and middle-income apartments. Laborers Local 79, which represents 10,000 construction workers in New York City, organized the rally after Joy Construction allegedly failed to report that a construction worker had been injured on site after being struck in the knee on Dec. 23 by splintered wood. The injury…
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Rents drop in NYC for first time in eight months: report

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first

Jan. 26, 2024 By Ethan Marshall The median rent price for one-bedroom and two-bedroom units in New York City both went down from December 2023 to January 2024, marking the first time since May that these prices went down month-over-month, according to a report by the real estate firm Zumper. The median rent for one-bedroom units in New York City decreased 2.9% from $4,161 in December 2023 to $4,040 in January 2024. Over the same period of time, two-bedroom units saw the median rent dip 6%, from $4,798 to $4,510. Despite the month-over-month decrease, New York City maintained its number…
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Hard Rock International CEO pitches Metropolitan Park opportunity with Queens business community

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Hard Rock

Jan. 25, 2024 By Bill Parry As New York Mets owner Steve Cohen and Hard Rock International look to build support for a plan to redevelop a 50-acre parking lot to the west of Citi Field into “Metropolitan Park“—which would consist of a casino, an entertainment complex, hotels and 20-acres of park space—Hard Rock hosted job and info sessions earlier this month at the New York Hall of Science in Corona and at The Queensboro restaurant in Jackson Heights. More than 250 small business owners, community-based groups and workforce development organizations participated in the sessions to learn about job opportunities…
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