Aug. 27, 2024 By Shane O’Brien Queens Borough President Donovan Richards has announced his conditional support for Mayor Eric Adams’ City of Yes housing plan, which would update the city’s zoning laws and make it easier to build affordable housing units and convert office buildings to housing. The city estimates that the proposal could…
Aug. 27, 2024 By Ethan Marshall Tesla has bought a 40,037-square-foot parking lot in Maspeth for $18 million for the purpose of developing a new charging station for electric vehicles. The lot, located at 48-26 54th Rd., was initially reached on Monday, Aug. 16, according to city records. Tesla’s charging business director, Max de…
Aug. 26, 2024 By Anthony Medina A group of New York City agencies will return to a Ridgewood community center next month for an evening dedicated to answering questions from homeowners and residents. Queens Council Member Robert Holden, who represents City Council District 30, has partnered with the Ridgewood Property Owners and Civic Association…
Aug. 21, 2024 By Ethan Marshall The New York City metropolitan area is on track to lead the United States in new apartments constructed among major cities in 2024, according to a report by the real estate firm RentCafe. With 32,935 new rentals expected to be completed by the end of the year, the…
Aug. 20, 2024 By Ethan Marshall New York City saw the number of new listings in July 2024 reach its lowest level since 2016, with Queens experiencing a deep decline in new listings over this period, according to a report by the real estate listing site StreetEasy. Year-over-year, the number of new listings in…
Aug. 14, 2024 By Ethan Marshall The average rental price for all units in Queens rose 6.76% year-over-year in July 2024, according to a report by the real estate firm M.N.S. Real Estate. This jump continues an upward trend seen in the previous month. The overall average rental price in Queens jumped from $2,734…
Aug. 13, 2024 By Ethan Marshall Permits have been filed for the construction of a 14-story community facility between Union Street and Bowne Street in Flushing. The proposed development, located at 138-30 Northern Blvd., would be 182 feet tall and yield 65,387 square feet if built. This building would be designated for community facility…
Aug. 12, 2024 By Athena Dawson Dozens of residents testified in person and on Zoom for a City of Yes for Housing hearing chaired by Queens Borough President Donovan Richards on Thursday, Aug. 8. Residents headed to the second floor of Queens Borough Hall in Kew Gardens to voice their varying opinions on the …
Aug. 7, 2024 By Ethan Marshall Out of the 100 largest cities in the United States, Queens ranked 95th when it came to the average size of an apartment for $1,500 a month, according to a report by the real estate site RentCafe. The study’s results concluded that apartments in Queens with a $1,500…
Aug. 1, 2024 By Ethan Marshall The median sales price for new developments across Queens fell from the second quarter of 2023 to the second quarter of 2024, according to a report by the New York City real estate firm M.N.S. Real Estate. Year-over-year, the median sales price for these developments in Queens dropped…