Tag: real-estate-newsletter

Ridgewood is one of the top 5 neighborhoods directly affected by the short-term rental ban in the city, data reveals

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Sep. 11, 2023 By Anthony Medina At the start of last year, the city adopted Local Law 18 into legislation, but the impact of the law wouldn’t shake-up the short-term rental market until earlier this month. According to the Office of Special Enforcement, the law requires short-term rental hosts to register their properties with the Mayor’s Office of Special Enforcement (OSE) and prohibits booking platforms from operating short-term rental units in what Airbnb calls a “de facto ban.” The short-term rental registration law directly impacts the popular booking service platforms including Airbnb, VRBO, Booking.com and similar known sites for booking…
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Senator Comrie teams up with A&E Real Estate for backpack giveaway in St. Albans

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Sep. 6, 2023 By Ethan Marshall State Senator Leroy Comrie partnered with A&E Real Estate to host a free backpack giveaway outside his office on Farmers Boulevard in St. Albans Aug. 29. The giveaway came just as kids were preparing to go back to school. Each backpack handed out contained notebooks, pens and pencils. A&E…
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August real estate report shows continued increase in rent in Queens

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Sep. 5, 2023 By Ethan Marshall MNS Real Estate’s recently released rental report for the month of August in 2023 shows that the average rent price in Queens is still rising. According to the data collected, the average rent has risen 2.81% from July to August, from $2,735 to $2,811. Studio, one-bedroom and two-bedroom units…
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Report ranks New York as slowest state to sell realty

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Sep. 5, 2023 By Ethan Marshall After analyzing data from Zillow that details the average time it takes to close a sale in each state, RubyHome Realty concluded that New York is the slowest state in which to sell realty. The compiled data determined that the nationwide average time it takes to close a sale is 33.5 days. According to the data for 2023, it takes an average of 59.83 days for homes in New York state to be sold. Despite this large average, it actually presents an improvement from the same time in 2022. Since last year, the average…
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Ridgewood and Sunnyside among best cyclist neighborhoods in NYC: StreetEasy

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Aug. 31, 2023 By Ethan Marshall The Queens neighborhoods of Ridgewood and Sunnyside were included among StreetEasy’s list of the eight best neighborhoods in New York City for cyclists. These neighborhoods’ inclusion on the list is based on a number of factors. Along with the other areas of the city included on this list, Ridgewood…
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Queens rises in ranks for rental activity in August: report

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Aug. 31, 2023 By Ethan Marshall According to the latest rental activity report from Rent Cafe, Queens experienced the 13th-most rental activity in August 2023 among 150 cities in the United States included in this report. Queens climbed six spots from its August 2022 ranking. The sudden and drastic rise experienced by Queens was thanks…
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Report: Fresh Meadows residents spend over $10K more in rent per year than U.S. average

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Aug. 30, 2023 By Ethan Marshall A report compiled by doxoINSIGHTS shows that Fresh Meadows residents are paying $10,260 more in rent per year than the U.S. average. The report estimates that 46% of these residents’ income goes towards paying bills. According to the report, the average monthly rent in Fresh Meadows amounts to $2,901. This equates to $34,817 per year. Household expenses are also an estimated 41.8% higher than the U.S. average. Of all the towns in New York state, Fresh Meadows is the 92nd-most expensive when it comes to household expenses. At $2,723 per month and $32,676 per…
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NYC leads nation in apartment construction in 2023: report

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Aug. 30, 2023 By Ethan Marshall According to a report from Rent Cafe, New York City has retained its title as No. 1 in apartment construction thus far in 2023. The report estimates that at least 33,000 new rental units are set to be opened this year. Of these units expected to be completed before the end of the year, most of them are either in Brooklyn, Manhattan or Queens. Brooklyn has the most at 9,825, followed by Queens (4,430) and Manhattan (3,770). The Bronx and Staten Island were not included in the metro data set for New York City….
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