Tag: Real Estate

New real estate report shows increase in sales for Queens units

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…
Read More

Queens remains highest in foreclosures among five boroughs: PropertyShark report

Jul. 18, 2023 By Julia Moro A new report from PropertyShark found that St. Albans closed Q2 as the city’s foreclosure epicenter with 14 total filings. New York City closed Q2 2023 with 81% more foreclosures than the previous year. And since the foreclosure moratorium has been lifted, filings were observed to be slightly increasing…
Read More

Leasing begins at new luxury 11-story apartment building in Forest Hills that will also house Trader Joe’s on ground floor

Jul. 13, 2023 By Michael Dorgan Leasing has begun at a new luxury 11-story apartment building in Forest Hills that will also feature a Trader Joe’s on its ground floor. The new building, a red-bricked development called The Yellowstone, has 166 units and is located at 69-65 Yellowstone Blvd. The building comes with a fitness…
Read More

RentHop report shows rising rent rates in northwestern Queens

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…
Read More

Queens rental activity surpasses Manhattan’s, continues to be one of the most sought-after places for renters

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…
Read More

Queens passes Brooklyn as most-competitive rental market: report

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…
Read More

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…
Read More

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…
Read More

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…
Read More