Jan. 24, 2024 By Ethan Marshall A total of 17 affordable housing units up for grabs in Douglaston, with monthly rents ranging from $1,522-$3,753. The units are part of a 5-story residential complex going up at 241-15 Northern Blvd. The development consists of 55 residences, with 38 of them at market rate. A lottery has…
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Jan. 22, 2024 By Rachel Butler A two-family house on Pople Avenue near Main Street in Flushing is set to be demolished, with a developer filing building permits to replace it with a 7-story building that will include 39 apartments and space for a community facility. Feng Jin Wang, of East West Mansion LLC., plans…
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Jan. 18, 2024 By Ethan Marshall Four affordable housing units are now up for grabs in a Rego Park development, with monthly rents ranging from $2,100-$2,500. The units are part of a 3-story mixed-use building at 63-16 102nd St. that consists of 11 residences, seven of which will be rented at market rate. A lottery was recently opened for the four affordable units by the city. Two are one-bedroom and two are two-bedroom. Each of the affordable units are for residents earning 130% of the area median income (AMI). For the one-bedroom units, the area median income ranges from $72,000-$165,230,…
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Jan. 18, 2024 By Ethan Marshall The developers who plan to build a soccer stadium, affordable housing, retail space, open space, an elementary school and a hotel in Willets Point have purchased additional land where the ambitious project is slated to go. NYCFC, Sterling Equities and Related purchased two parcels in Willets Point for $12.3…
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Jan. 17, 2024 By Ethan Marshall Queens had more foreclosures than any other borough in 2023, accounting for 39% of all cases across the city, according to a report by the real estate firm PropertyShark. Of the 1,620 foreclosures in New York City in 2023, 631 of them were in Queens, including 50 in Elmhurst. The Queens…
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Jan. 16, 2024 By Ethan Marshall The average rental price in Queens increased 4.76% over the past year, from $2,654 in December 2022 to $2,780 in December 2023, according to a report by the New York City real estate firm M.N.S. Real Estate. Studio, one-bedroom and two-bedroom units all experienced increases in rental prices across…
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Jan. 12, 2024 By Iryna Shkurhan With tax season here, state Sen. John Liu is hosting information sessions in partnership with the NYC Department of Finance (DOF) to help residents apply for rent and property tax relief. New York homeowners, for instance, who meet certain criteria can save hundreds to thousands of dollars on their annual property taxes this year. Homeowners are advised, depending on their situation, to challenge the assessed value of their property, with a lower value reducing their tax bill. Depending on their home classification, they have until March 1 or March 15 to appeal their assessed…
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Jan. 11, 2024 By Rachel Butler Filthy streets, traffic congestion and a lack of public space were among the many concerns expressed about the proposed 2,873-unit Creedmoor development plan by a local civic association on Monday night. Members of the Creedmoor Civic Association, a local civic group, voiced concerns during their monthly meeting Jan. 8 that an influx of new people to the area would lead to more litter, congested streets and a shortage of green space. The meeting, held virtually, was attended by 26 members of the association as well as Assembly Member Clyde Vanel, with the discussion centered…
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Jan. 10, 2024 By Czarinna Andres Queens is poised to be the epicenter of New York City’s real estate resurgence in 2024, according to a report by the real estate firm Street Easy. The report, titled 10 NYC Neighborhoods to Watch in 2024, said that trendy sub-neighborhoods within Queens will be stealing much of the spotlight, noting that in 2023 many renters and potential buyers flocked to the borough in search of more affordable housing options. While Queens is expected to shine, the report also indicates that Manhattan may regain popularity among renters this year as rental prices begin to…
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Jan. 8, 2024 By Martha Stark For decades, it has been an open secret that New York City’s property tax system is inequitable and unfair. This regressive system, rooted in outdated and discriminatory policies, has not only exacerbated the housing crisis but also deepened the economic divide, disproportionately burdening lower-income and minority communities. Next week,…
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