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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Tag: Real Estate
Northwest Queens rentals increase 15.3% from last year: report
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
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
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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Less than 15% of NYC rentals are affordable to Black, Hispanic residents with median incomes: report
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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Madison Realty Capital opens leasing for two-tower development at Woodside Central
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
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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Douglas Elliman report reveals Queens’ average, median rent prices rise to the highest on record
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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FDNY extinguishes four-alarm fire at Glendale auto parts shop after battling the blaze for 12 hours
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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Nine firefighters injured battling five-alarm fire in Woodside that left 18 people displaced from their homes: FDNY
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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