Tag: real-estate-newsletter

Op-ed: The better path to environmental sustainability for co-op, condo owners

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Dec. 7, 2023 By Former U.S. Congressman Tom Suozzi Climate change is real and we must take aggressive proactive steps to address it, but we can’t bankrupt working and middle class co-op and condo homeowners in our efforts to make change. New York City Local Law 97, with its unforgiving timelines and heavy fines, endanger the housing security of working and middle-class families who have invested their life savings into their co-ops and condos all over Queens, from Whitestone to Bay Terrace. Residents are concerned about the financial squeeze placed on them by the strict emissions caps and steep penalties…
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Housing needs and concerns of residents in lower-density districts of NYC highlighted in effort to get zoning regulations changed

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Dec. 7, 2023 By Ethan Marshall Lower-density neighborhoods in New York City are becoming more common and more diverse, according a study released by the independent research and education nonprofit Citizens Housing and Planning Council, which is dedicated to addressing the housing and planning needs in New York City. Other key findings include a desire for…
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Real estate firm predicts slowing of rent growth in NYC in 2024

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Dec. 4, 2023 By Ethan Marshall There is an expectation that the growth of rent in New York City will be much slower in 2024, according to the housing market predictions made by the real estate firm StreetEasy. At the same time, the report predicts that there will continue to be more demand for homes in the city than the amount of units available and thus preventing rents from falling. While the expectation is that inventory in New York City will further grow in 2024, it will still be smaller than the pre-pandemic levels. As a result, the rent growth…
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NYC has 39 of top 100 ZIP codes with highest rental prices in country: report

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Nov. 30, 2023 By Ethan Marshall Among the 100 zip codes in the United States with the most expensive rental units in 2023, New York City accounts for 39 of them, according to a report by the real estate firm RentHop. Manhattan accounts for a majority of these ZIP codes, with 30 of them located within this borough. Four New York City ZIP codes placed in the top 10: 10007 (Tribeca), 10282 (Battery Park City), 10001 (Chelsea and Hudson Yards) and 10069 (Upper West Side and Riverside Park South). Tribeca’s ZIP code ranked as the sixth-most expensive for renters in…
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Real estate firm announces two new leases at Whitestone Plaza

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Nov. 29, 2023 By Ethan Marshall The national real estate investment firm Feil Organization announced on Nov. 17 that the Whitestone Plaza shopping center has been fully leased following two more leases. These two leases related to Beechhurst Executive Suites and The Smilist Dental. Beechhurst Executive Suites renewed its second floor 6,936-square-foot space for ten…
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Queens among top areas preferred by renters in countrywide real estate report

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Nov. 28, 2023 By Ethan Marshall Queens was viewed as one of the top areas in the United States by renters throughout November 2023, according to the latest rental activity report compiled by the national real estate firm RentCafe. Queens is also the most popular rental destination in the northeastern region of the United States….
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