Jul. 30, 2024 By Athena Dawson Local elected officials joined a real estate development firm and project partners for the grand opening of a new mixed-use development in downtown Jamaica. On Thursday, July 25, BRP Companies celebrated the grand opening of The Monarch, a 25-story, 605-unit mixed-use development located at 92-29 Guy R. Brewer…
Tag: real-estate-newsletter
NYC launches housing lottery for Far Rockaway apartments, rent starts at $1,400
Jul. 29, 2024 By Ethan Marshall New York City has launched a housing lottery for 58 units in an 8-story building at 18-26 Redfern Ave. in Far Rockaway. The building has 59 residences, one of which will be being rented at market rate. The other 58 units have been set aside for those earning…
Flushing lawmaker introduces legislation aimed at combating squatters
Jul. 25, 2024 By Athena Dawson Flushing Council Member Sandra Ung (D-20) has introduced a bipartisan bill protecting homeowners from squatters. Ung partnered with Republican Minority Leader Joseph Borelli (D-51) on legislation requiring the NYPD to create a home vacancy program, protecting property owners and tenants from squatters illegally occupying their homes. The program…
City begins work on $10.5 million renovation of Corona Health Center
Jul. 25, 2024 By Ethan Marshall The New York City Department of Health and Mental Hygiene (DOHMH) and the Department of Design and Construction (DDC) on Wednesday, July 24 announced the start of a $10.5 million renovation project at the Corona Health Center. “The people of Queens deserve to have public health services delivered…
Queens ranked fifth-most popular area in the country for renters through first half of 2024: report
Jul. 24, 2024 By Ethan Marshall Queens had the fifth-highest amount of rental activity across the United States through the first half of 2024, according to a report by the real estate searching site RentCafe. Year-over-year, Queens had a 138% increase in page views on RentCafe from the first half of 2023 to 2024.…
High rents in NYC led to less demand for units in June 2024: report
Jul. 23, 2024 By Ethan Marshall The median asking price for rent in New York City rose in June 2024 compared to the same time the previous year, contributing heavily to less demand for rentals, according to a report by the real estate listing site StreetEasy. Year-over-year, the median asking rent in New York…
Affordable vs. appropriate: Debate rages on over Creedmoor Master Plan featuring thousands of new housing units
Jul. 22, 2024 By Gabriele Holtermann Debate over the Creedmoor Community Master Plan tp create more than 2,700 housing units on the psychiatric hospital’s vast campus in eastern Queens continued during the Empire State Development (ESD) virtual public scoping meeting on July 18. Numerous residents and activists pushed for the plan’s approval because it would…
Nine Queens neighborhoods among top 50 most expensive in NYC during second quarter of 2024: report
Jul. 19, 2024 By Ethan Marshall Nine neighborhoods in Queens were among the top 50 in most expensive median sale prices across New York City during the second quarter of 2024, according to a report by the real estate agency PropertyShark. Hunters Point, Belle Harbor, Hollis Hills, Little Neck, Auburndale, Fresh Meadows, Queensboro Hill,…
Developers to break ground on MLS stadium in Willets Point early fall
Jul. 16, 2024 By Shane O’Brien The developers behind New York City FC’s planned 25,000-seat stadium in Willets Point aim to break ground in early fall, according to NYCFC Sporting Director David Lee. In April, the New York City Council approved plans for NYCFC’s proposed 25,000-seat stadium, as well as a 2,500-unit affordable housing…
Average rental price in Queens up more than 6% from last year to $2,900: Report
Jul. 16, 2024 By Ethan Marshall The overall average rental price in Queens in June 2024 rose 6.49% from the same month last year, according to a report by the real estate firm M.N.S. Real Estate. Studio, one-bedroom and two-bedroom units in Queens all had jumps in the average cost of rent. The overall…