Jun. 12, 2023 By Julia Moro According to a new Douglas Elliman report, the median rent in the northwest region of Queens for the month of May was the second-highest on record, just short of the prior month’s record. The median rental price increased by 15.3% from the previous year. For the month of May, the…
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Jun. 1, 2023 By Bill Parry Construction workers gathered in the future lobby of the Beach Channel Drive apartment complex for a traditional topping-off ceremony in Far Rockaway, the development team announced on May 30. The development at 13-12 Beach Channel Drive will include a 100% affordable housing development consisting of an eight-story building with…
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May. 16, 2023 By Julia Moro For many Queens residents, proximity to public transit has always been a crucial factor to consider when looking for an apartment. According to a new RentHop report, new developments in Queens are driving up the rent of one-bedroom units, reaching $3,800 and over, along convenient subway lines. In Long…
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May. 9, 2023 By Julia Moro StreetEasy released a new report revealing a disturbing data point: the typical white household could afford five times as many market-rate rentals in New York City compared to the typical Black household and seven times as many as a Hispanic household. This new report, combined with data from the…
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May. 2, 2023 By Danielle Louie Madison Realty Capital announced it is opening its leasing for two residential towers at Woodside Central. The two towers will be a part of a mixed-use development on Queens Boulevard including mixed-income apartments, retail facilities, outdoor space. This project will also include a new public school. In collaboration with…
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Apr. 21, 2023 By Bill Parry New York City Football Club (NYCFC) is moving forward with its plan to build a $780 million, privately-financed, state-of-the-art 25,000-seat soccer stadium at Willets Point. The 2021 Major League Soccer champions have selected HOK as the architect and Turner Construction Company as the general contractor to design and build…
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Mar. 13, 2023 By Danielle Louie According to a new report released by Douglas Elliman, the average and median price of rentals in Queens reached the highest on record, with the average rental price at $5,186 and a median price of $4,095. The rental market report for February 2023 reveals the second-highest February record for…
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Mar. 8, 2023 By Bill Parry It took more than 12 hours, but the FDNY has finally extinguished a four-alarm fire that broke out early Wednesday morning at an auto parts shop in Glendale, though the cause of the blaze is still under investigation. A pair of firefighters were injured while operating at the location…
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Mar. 8, 2023 By Michael Dorgan, Zach Gewelb and Lloyd Mitchell A total of 50 units consisting of 200 EMS and fire personnel battled a five-alarm fire in Woodside late Tuesday night that spread to four buildings and displaced 18 people from their homes, according to the FDNY. FDNY received a call about the fire…
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Feb. 21, 2023 By Danielle Louie The Queens real estate investment sales market recorded 659 transactions, totaling over $4.4 billion dollars in 2022, according to a report from Ariel Property Advisors. “Investment activity in Queens was fueled by the first half of 2022 which was the best half-year ever, both in transaction and dollar volume,” said…
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