Mar. 27, 2024 By Athena Dawson U.S. Reps Grace Meng (D-NY) and Nicole Malliotakis (R-NY) have introduced a bipartisan bill that would make it easier for veterans from Queens and across the country to purchase co-ops. The legislation, dubbed the Fair Access to Co-Ops for Veteran Act, would permanently expand the Veterans Home Loan Guarantee…
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Mar. 27, 2024 By Ethan Marshall As Cord Meyer Development Company celebrates its 12oth anniversary, its impact on Queens cannot be overstated. Built on decades of accomplishment, the company remains firmly focused on the future, here in Bayside and beyond. Cord Meyer Development was officially incorporated in 1904 but its roots trace back to the…
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Mar. 22, 2024 By Iryna Shkurhan Joseph M. Mattone, a towering figure in one of the world’s most formidable retail markets, died peacefully surrounded by his family at his home on Thursday, March 21, at the age of 92. A distinguished lawyer and real estate mogul, Mattone’s ascent through the ranks of real estate development…
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Mar. 21, 2024 By Ethan Marshall A 630-seat school building is slated to go up at 146-50 Reeves Ave., according to the New York City School Construction Authority. Permits were filed by the NYC School Construction Authority in March for a 4-story building at 146-50 Reeves Ave. in Kew Gardens Hills. The school building will…
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Mar. 20, 2024 By Iryna Shkurhan U.S. Rep. Gregory Meeks (D-5) secured over $15 million in federal funding for 15 local projects in his southeastern Queens district. The projects range from environmental restoration projects to workforce development, as well as affordable housing for vulnerable groups. In total, he secured $15,489,582 that will directly affect residents…
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Mar. 20, 2024 By Ethan Marshall A total of 155 affordable units are now up for grabs at a development in the Rockaways, with monthly rents ranging from $410-$2,035. The affordable units are part of an upcoming affordable housing development known as Rockaway Village Apartments, located at 1605 and 1607 Village Ln. The development will…
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Mar. 19, 2024 By Ethan Marshall Five neighborhoods in Queens were found to be among the 10 areas citywide that have the smallest median condo size, according to a recent report by the real estate firm PropertyShark. The neighborhoods included South Astoria, Maspeth, Old Astoria, Long Island City and Kew Gardens Hills. South Astoria, which the report defines as the southeast section of the neighborhood, was ranked as having the smallest median condo sizes in all of New York City, at just 631 square feet. Maspeth placed fourth on the list with a median condo size of 671 square feet;…
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Mar. 15, 2024 By Iryna Shkurhan U.S. Rep. Nydia M. Velázquez secured over $11 million in funding for local projects in her district, comprised of southwest Queens and parts of North Brooklyn. The funding is being distributed among 14 local projects – eight of them in the Brooklyn section of Velázquez’s District 7. In Queens,…
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Mar. 13, 2024 Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units in Queens all increased from February 2023 to February 2024, according to a report by the real estate firm M.N.S. Real Estate. The overall average cost of rent for these types of units increased 3.1% over this span, from $2,715 in 2023 to $2,800 in 2024. The Ridgewood neighborhood saw the largest month-over-month rental price increase at 5.32% . Studios experienced the most significant increase in rental price. The average rental price for these units in Queens rose 6.11% year-over-year, from $2,169 last year to…
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Mar. 13, 2024 By Athena Dawson Representatives from the mayor’s office held an event in St. Albans Tuesday to highlight the property tax breaks that available to low-income seniors and New Yorkers with disabilities. The event, held at the St. Albans library, focused on the Senior Citizen Homeowner’s Exemption plan (SCHE), which provides a property tax break for seniors who own one-, two-, or three-family homes, condominiums, or cooperative apartments. The SCHE and DHE (Disabled Homeowners’ Exemption), the officials noted, provide tax breaks to eligible homeowners with a combined annual income of $58,399 or less. Representatives from the mayor’s Public…
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