Oct. 20, 2023 By Ethan Marshall According to a study conducted by the nationwide apartment search website RentCafe, the Queens ZIP Code of 11101, which covers Long Island City, ranks third in new apartments completed from 2018-22. RentCafe hypothesizes that a big contributing factor to the high demand among renters is due to Long Island… Read more »
Oct. 2, 2023 By Bill Parry Long Island City Partnership (LICP) announced the return of the LIC Summit on Oct. 17 at the Museum of the Moving Image in Astoria. Now in its ninth iteration, the Summit will bring together thought leaders from diverse sectors and feature enlightening panels highlighting Long Island City’s reputation as… Read more »
Sept. 27, 2023 By Ethan Marshall According to a report from StreetEasy, Manhattan is experiencing the largest increase in rental inventory among all the boroughs in New York City. Five of the 10 neighborhoods across the city going through the fastest growth are in Manhattan. Additionally, Long Island City made the list as the lone… Read more »
Sept. 15, 2023 By Ethan Marshall According to StreetEasy’s August 2023 market report, Long Island City experienced the eighth-fastest growth in rental inventory compared to 2019 in all of New York City. It was the only part of Queens to place in the top 10. According to the report, Long Island City experienced a year-over-year… Read more »
Sep. 14, 2023 By Calvin Yan Being a real estate agent in Queens brings new opportunities and challenges each day. As an agent with listings in the borough for the past several years, I have an inside look into this work and how the rental market functions. In an average day, I might have to show many apartments across all different parts of the borough and other boroughs, while also updating and promoting listings and responding to renters asking for time-sensitive information about available units. It isn’t just from 9 to 5 and includes late nights and weekends. And of…
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Sept. 13, 2023 By Ethan Marshall According to a report put together by Modern Spaces, there is a recent trend of buyers moving from Manhattan to Long Island City. Modern Spaces credits this change to Long Island City becoming a prime residential location, offering a suburban lifestyle with urban touches, but without the intense bustle… Read more »
Aug. 23, 2023 By Ethan Marshall A study conducted by the travel information site Scott and Yanling concluded that New York City is the second-most expensive city in the United States where people can take weekend getaways. Scott and Yanling concluded it costs $1,291 to spend the weekend in New York City. The study was…
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Aug. 17, 2023 By Bill Parry Southeast Queens elected leaders are praising Councilwoman Selvena Brooks-Powers for negotiating a deal with the developers of Ocean Crest, a 100% affordable homeownership project in Far Rockaway, two weeks after the City Council approved the rezoning. The project, which would facilitate 89 new homeownership units in Bayswater, represents the…
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Aug. 16, 2023 By Ben Brachfeld and Christian Murray The city’s landmark building emissions law, Local Law 97, is set to go into effect next year, and the complex rule-making process has set off a frenzy of lobbying activity aimed at influencing and potentially weakening the statute aiming to help combat climate change. Local…
Aug. 8, 2023 By Ethan Marshall The real estate agency M.N.S. recently released its development sales report for the second quarter of 2023, which revealed not only a large increase in the sales volume of units, but also an increase in the median price per square foot in Queens. According to the report, the sales…
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