Tag: Real Estate

Exclusive: Class action lawsuit accuses LIC landlord of illegal rent overcharges

Feb. 25, 2025 By Ethan Marshall Multiple tenants of an apartment building at 30-02 39th Ave. in Long Island City have submitted a class action lawsuit against their landlord, 30-02 Associates LLC, accusing them of illegal rent overcharges. The lawsuit was filed against the landlord of this 428-unit building, known as the Arc, following an… Read more »

Northwest Queens sees significant rent and lease growth in January 2025: report

Feb. 14, 2025 By Ethan Marshall Northwest Queens, which includes the neighborhoods of Astoria, Long Island City, Sunnyside and Woodside, experienced year-over-year growth across all price trend indicators during the first month of 2025, according to a report by the real estate firm Douglas Elliman Real Estate. The median rent across northwest Queens increased 6.3% year-over-year,… Read more »

Op-ed: Astoria is doing just fine, the thriving restaurant scene

Feb. 10, 2025 By Neil Herdan There is no doubt these are very challenging times for Astoria businesses. The cost of many essentials, such as spare parts and food products, has increased. Conversely, labor costs, labor shortages, energy bills, and property insurance have skyrocketed. Some businesses, such as Retro on Broadway, lost their leases. Others,… Read more »