Tag: Real Estate

RentHop report shows rising rent rates in northwestern Queens

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Jul. 11, 2023 By John Schilling Rent payments in northwestern Queens have become more expensive this year, according to a recent report from New York City-based listing platform RentHop.  Based on data from RentHop listings between January and June 2023, the report examined 170 total neighborhoods throughout Queens, Brooklyn, Manhattan and the Bronx to determine…
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Queens rental activity surpasses Manhattan’s, continues to be one of the most sought-after places for renters

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Jun. 27, 2023 By Julia Moro According to RentCafe’s June report, Queens maintained its status as one of the most sought-after places for renters this month while surpassing Manhattan’s rental activity. Manhattan had an increase in demand this month; however, it wasn’t enough to beat out Queens’ booming market. “Listing views in Manhattan rose by…
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Queens passes Brooklyn as most-competitive rental market: report

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Jun. 20, 2023 By Julia Moro StreetEasy data found that competition in May was toughest in Queens, where the average listing received 133% more inquiries compared to May 2019, more than double the pre-pandemic level. StreetEasy credits this surge to New Yorkers looking for more affordable homes across the city, leading to intense competition in…
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Northwest Queens rentals increase 15.3% from last year: report

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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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Developers announce topping off at Beach Channel Drive affordable apartment project in Far Rockaway

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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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Rents spike near subway stops in Queens, other outer boroughs

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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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Madison Realty Capital opens leasing for two-tower development at Woodside Central

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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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New York City Football Club selects architect, contractor to build its new home at Willets Point

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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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