May 17, 2024 By Ethan Marshall The Queens neighborhood of Astoria experienced the third-largest year-over-year increase in rental inventory in April 2024, according to a report by the real estate listing information site StreetEasy. Rental inventory in Astoria rose 47.1% year-over-year, from 936 in April 2023 to 1,377 in April 2024. The only neighborhoods to… Read more »
May 14, 2024 By Queens Post News Team Dozens of local residents, community leaders and small business owners gathered at Diversity Plaza in Jackson Heights Monday afternoon for a rally calling on State Sen. Jessica Ramos to endorse the $8 billion Metropolitan Park proposal. The proposal would transform 50 acres of parking lot adjacent to… Read more »
May 14, 2024 By Ethan Marshall New York City has launched a housing lottery for three units in a 5-story mixed-use building at 12-22 Astoria Blvd. in Astoria. The building has ten residences, seven of which are market rate. The three affordable residences are each two-bedroom units meant for those earning 130% of the area… Read more »
May 14, 2024 By Ethan Marshall A new city street in Long Island City, Malt Drive, is bringing extra residential units and community space to the community. Construction is nearing completion on a 1.43 million-square-foot luxury residential development at 2-20 and 2-21 Malt Dr. Additionally, Hunter’s Point South Park, located along the waterfront, will be… Read more »
May 8, 2024 By Ethan Marshall A new 736,000-square-foot urban industrial facility is being built in Long Island City by the real estate investment and operating company Innovo Property Group, with a targeted completion of Fall 2025. Known as the Review Avenue Complex, this 6-story facility will be available for multiple uses by multiple tenants…. Read more »
May 6, 2024 By Ethan Marshall The local grocery store Dumbo Market has signed a lease for approximately 13,500 square feet of space at Jasper, a $370 million mixed-use development in Long Island City. Located at 2-33 50th Ave. in the Hunters Point neighborhood, the new Dumbo Market location, along with the rest of the… Read more »
May 2, 2024 By Ethan Marshall During the first quarter of 2024, the average price for closed condos in Astoria went up 11% year-over-year, according to the Q1 report by the real estate firm Modern Spaces. The Astoria condo market saw a notable increase in average closing prices, climbing from $683,307 in the first quarter… Read more »
Apr. 29, 2024 By Ethan Marshall A total of 1,412 units across six upcoming luxury buildings are expected to transform the Queens Plaza area in Long Island City by creating much-needed housing in the area. All six projects are expected to be completed as early as this year and no later than 2026. As each… Read more »
Apr. 23, 2024 By Ethan Marshall A ribbon-cutting ceremony was held to celebrate the opening of Socrates Sculpture Park’s new education and administration building, The Cubes, on Friday, Apr. 19. The waterfront park is located at 32-01 Vernon Boulevard in Long Island City, just on the border of Astoria. The Cubes marks the first New… Read more »
Apr. 17, 2024 By Queens Post News Team The Long Island City Partnership (LICP) held its 19th annual Real Estate Breakfast at the newly-opened Brewster LIC Conference Center Tuesday morning, exploring the challenges and opportunities facing the neighborhood in 2024. Over 300 people attended the event, which took place at 27-01 Queens Plaza North and explored… Read more »