Jan. 3, 2025 By Ethan Marshall New York City experienced immense year-over-year growth in homes entering contract in November 2024, leading to a drop in available inventory, according to a report by the real estate listing site StreetEasy. Over this period, there was a 25.1% increase in homes entering contracts across New York City,…
Dec. 31, 2024 By Ethan Marshall The New York City-based architecture firm IMC Architecture has released new renderings for a proposed 20-story mixed-use building at 147-27 Archer Ave. in Jamaica. This structure will stand 231 feet tall and yield 274,837 square feet, with 234,535 of that square footage dedicated to residential space across 359…
Dec. 27, 2024 By Ethan Marshall The real estate listing site StreetEasy presented a series of predictions that 2025 may have in store for the market in New York City in a report by StreetEasy Senior Economist Kenny Lee. Lee came up with five big predictions following a year in which housing costs reached…
Dec. 27, 2024 By Shane O’Brien Eviction rates at New York City Housing Authority (NYCHA) properties under the Permanent Affordability Commitment Together (PACT) program decreased slightly in Queens in 2024, bucking a citywide trend that saw eviction rates spike significantly elsewhere in New York. A recent audit by NYC Comptroller Brad Lander found that…
Dec. 23, 2024 By Ethan Marshall Permits have been filed for the construction of a new 22-story mixed-use building at 163-25 Archer Ave. in Jamaica. Located between 165th Street and Guy R. Brewer Boulevard, the proposed development would be 250 feet tall and yield 288,320 square feet of space. The vast majority of the…
Dec. 23, 2024 By Athena Dawson U.S. Representative Gregory Meeks, who represents New York’s 5th District, which covers southeast Queens and parts of Nassau County, and U.S. Representative Pete Sessions, who represents Texas’ 17th District, which covers areas including Waco and College Station, have introduced a bipartisan bill aimed at alleviating financial burdens for…
Dec. 19, 2024 By Shane O’Brien Eviction rates at New York City Housing Authority (NYCHA) properties have surged under the Permanent Affordability Commitment Together (PACT) program, raising concerns about tenant protections, according to a new audit by NYC Comptroller Brad Lander. The PACT program, designed to address decades of underfunding and disrepair in public…
Dec. 18, 2024 By Shane O’Brien A Forest Hills homeowners group has filed a motion for a preliminary injunction against the operators of Forest Hills Stadium due to the “harms caused” by the yearly concert series at the stadium. Forest Hills Garden Corp (FHGC), a homeowners association whose members live by the venue, has…
Dec. 18, 2024 By Ethan Marshall The average rental price in Queens for studio, one-bedroom and two-bedroom units maintained an upward trend from the previous year in November 2024, according to a report by the real estate firm M.N.S. Real Estate. Year-over-year, Queens experienced a 4.44% increase in its average rental price, from $2,763…
Dec. 18, 2024 By Ethan Marshall The median rent in Northwest Queens rose year-over-year in November 2024, marking the second consecutive month to experience such an increase, while the number of lease signings and available inventory continued to climb, according to a report by the real estate firm Douglas Elliman Real Estate. Northwest Queens…