Sep. 19, 2024 By Iryna Shkurhan A residential street in Bayside was closed on Monday evening to accommodate the substantial crowd of local residents, including some who traveled from southeast Queens to protest the City of Yes initiative. In northeast Queens, elected officials and residents gathered once again to make a strong statement in…
Tag: real-estate-newsletter
Queens, Brooklyn and Manhattan experiencing more competition in rental market: report
Sep. 17, 2024 By Ethan Marshall Over the course of the summer of 2024, viewed as the peak rental season, Queens and Brooklyn each experienced sharp increases in competition among renters compared to the same time in 2023 and Manhattan maintaining a high degree of such competition, according to a Rental Competitiveness Report by…
City Planning Dept appoints new leadership for Queens office to lead development plans in Long Island City and Jamaica
Sep. 16, 2024 By Czarinna Andres The Department of City Planning (DCP) announced a leadership change for its Queens Office, located at 120-55 Queens Blvd. in Kew Gardens, on Friday, Sept. 13. Lin Zeng was named Director, and Kathi Ko was appointed Deputy Director. The appointments come as the office ramps up efforts to…
Excavation and foundation work begins for 24-story residential building in Jamaica
Sep. 11, 2024 By Ethan Marshall Excavation and foundation work is underway at the future site of a 24-story residential building at 94-15 Sutphin Blvd. in Jamaica. The building is expected to be completed in 2027. Located between 94th and 95th Avenues and Sutphin Boulevard, the formerly vacant plot of land now has a team…
Decline in mortgage rates lead to lower income needed to afford home in NYC: report
Sep. 10, 2024 By Ethan Marshall While the annual income needed to afford to purchase a home in New York City was still significantly higher than the national average in August 2024, there was a large decrease year-over-year, thanks in large part to mortgage rates declining, according to a report by the real estate…
Cost of rentals in Queens continue to rise year-over-year in August 2024: report
Sep. 6, 2024 By Ethan Marshall The average rental price for housing units across Queens went up 4.07% year-over-year in August 2024, according to a report by the real estate firm M.N.S. Real Estate. Queens had its overall rental price jump from $2,812 in August 2023 to $2,926 in August 2024. Studios, one-bedroom, and…
Housing lottery launches for newly-opened Jamaica mixed-use development, rent starts at $1,596
Sep. 6, 2024 By Ethan Marshall New York City has launched a housing lottery for 182 units in The Monarch, a 24-story mixed-use development at 92-29 Guy R Brewer Blvd. in Jamaica that opened last July. The building has 605 total residences, with 30 available in the housing lottery for those earning 80% of…
Rooftop lounge opens in College Point, introducing skyline views and nightlife to the neighborhood
Sep. 3, 2024 By Iryna Shkurhan Queens now has a new and unexpected destination for rooftop drinks with skyline views—Cityview Rooftop Lounge in College Point. It officially opened to the public on Thursday afternoon, marking the end of a successful soft opening over the summer. The owners and locals celebrated with a ribbon-cutting ceremony…
City applies for extensive cleanup of Richmond Hill development prior to construction of new school
Sep. 3, 2024 By Ethan Marshall The New York City Office of Environmental Remediation (OER) has applied for an extensive cleanup of the development at 120-30 Jamaica Ave. in Richmond Hill before construction of a new school begins. The 32,497 square-foot development contains a 4-story manufacturing building, a 2-story former retail/office building currently being…
Groundbreaking commences for new 4-story school building in Laurelton
Aug. 30, 2024 By Ethan Marshall Construction is now underway for a 4-story school building in Laurelton that will be a part of Merrick Academy. Located at 134-11 221st St., the finished building will stand 60,000 square feet tall. It will help support the growing K-8 program at Merrick Academy, with the intention of…