Tag: real-estate-newsletter

Homeowners and renters can learn about available tax exemptions at upcoming info sessions

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tax

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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Civic leaders express concern that Creedmoor Master Plan may lead to dirty streets and congestion

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Creedmoor

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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Queens neighborhoods to lead NYC real estate resurgence in 2024: Report

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neighborhood

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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Op-ed | New York City’s broken property tax system

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property

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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Weigh in on $70 Million investment in Downtown Jamaica, Open house scheduled Monday

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downtown

Jan. 5, 2024 By Czarinna Andres Queens Borough President Donovan Richards Jr., in collaboration with the NYC Department of Transportation (DOT) and other stakeholders, is hosting an open house in Jamaica Monday to provide the community with an opportunity to help shape the plans for a $70 million investment in downtown Jamaica. The open house,…
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Ridgewood Savings Bank energizes 2024 with wave of internal leadership promotions

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ridgewood savings bank

Jan. 3, 2024 By Anthony Medina Ridgewood Savings Bank, a mutual savings bank with 36 branches spread across the state, recently announced that it has appointed two of its bankers to senior roles and promoted more than a dozen staffers to serve in officer positions.  The bank said the promotions reflect the diverse skill sets…
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Op-ed: “City of Yes” or neighborhood nightmare? A look at the potential downside

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city of yes

Dec. 28, 2023 By George Peters Mayor Adams’ “City of Yes” initiative might sound promising, but for many New Yorkers, it raises a big question: are we turning our beloved city into a chaotic mess? While fostering economic growth is important, shouldn’t it come without sacrificing our neighborhoods’ character and residents’ well-being? Let’s take a closer look at some potential downsides of “City of Yes” that deserve more attention.   Unchecked Development and Uncertain Futures:   Imagine bustling massage parlors and late-night corner stores popping up on your quiet street corner. The “City of Yes” could turn peaceful residential areas…
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Citing unfair property tax system, coalition seeks to even the playing field

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tax

Dec. 28, 2023 By QNS’s advertising partner As the City’s Finance Commissioner during the Bloomberg Administration, Martha Stark helped bring a new level of transparency to the property tax system. For the first time, owners were notified of the process and information that was used to assess their property taxes. Now, as the co-founder of…
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Two con men plead guilty in deed fraud scam to steal houses in Queens, Nassau County: DA

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deed

Dec. 27, 2023 By Bill Parry A Far Rockaway man and his accomplice from Long Island pleaded guilty to a wide-ranging scheme to steal residential properties in Queens and Nassau County by filing forged deeds, Queens District Attorney Melinda Katz announced Wednesday. Russell Carbone, 69, of Beach Ninth Street, and Terrell Hill, 40, of West Hempstead, worked together to target homes where the owners died and their heirs had not taken title to them. To help find the properties, Hill, a landscaper, would alert Carbone, a disbarred attorney, to homes that appeared abandoned. Most of the properties turned out to…
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Stores on Woodhaven Boulevard likely to be demolished, building permits filed for 7-story development

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Woodhaven Boulevard

Dec. 26, 2023 By Christian Murray A row of stores on Woodhaven Boulevard in Rego Park are likely to face the wrecking ball, with a developer filing building permits last week to replace them with a 7-story apartment building. Humayen Khan, the Rego Park-based developer, plans to build an 88-unit development at 62-02-62-06 Woodhaven Blvd,…
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