Nov. 14, 2023 By Ethan Marshall The median rent in northwest Queens plummeted in October, down 9.4% from September, according to a market report recently released by the real estate firm Douglas Elliman. The amount paid to rent an apartment in northwest Queens — covering Astoria, Long Island City, Sunnyside and Woodside — had a median…
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Nov. 7, 2023 By Ethan Marshall Real estate firm PropertyShark ranked New York City as the city with the largest concentration of expensive ZIP codes in the U.S. by closed home sales. In PropertyShark’s report, the ZIP code for Hunters Point in Queens,11109, was cited as one of the eight New York City locations to… Read more »
Nov. 6, 2023 By Ethan Marshall A study conducted by the New York City real estate firm StreetEasy concluded that 35.7% of previously-owned New York City homes on the market don’t get sold. StreetEasy also concluded that the average listing spends a median of 89 days on the market in New York City, compared to…
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Nov. 1, 2023 By Ethan Marshall Over the last decade, Long Island City has experienced a lot of growth when it comes to housing. There are still many more opportunities for more growth, but this also comes with more challenges. Brad Zackson, the director of development and co-founder of the real estate development, investment and… Read more »
Nov. 1, 2023 By Ethan Marshall The real estate company Durst Organization and its general contractor Urban Atelier Group have topped out construction of a two-tower, mixed-use complex at 20 Halletts Point Rd. and 30 Halletts Point Rd. in Astoria on Thursday, Oct. 26. The towers, which will contain 647 total units, now stand at 27… Read more »
Oct. 31, 2023 By Ethan Marshall A new mixed-use, mixed-income multifamily project is currently in the works in Long Island City. Referred to as the Jasper Project, this 13-story building is being worked on along 50th Avenue and 5th Street by Domain Companies, LMXD and the Vorea Group. The building is expected to have 499 housing… Read more »
Oct. 24, 2023 By Czarinna Andres A new boathouse that focuses on environmental sustainability and recreation will officially open in Long Island City this week. The Queens Landing Boathouse & Environmental Center, located at 57-28 2nd St., is opening Wednesday, Oct. 25, and represents a partnership between the Hunters Point Parks Conservancy (HPPC) and the… Read more »
Oct. 20, 2023 By Ethan Marshall According to a study conducted by the nationwide apartment search website RentCafe, the Queens ZIP Code of 11101, which covers Long Island City, ranks third in new apartments completed from 2018-22. RentCafe hypothesizes that a big contributing factor to the high demand among renters is due to Long Island… Read more »
Oct. 2, 2023 By Bill Parry Long Island City Partnership (LICP) announced the return of the LIC Summit on Oct. 17 at the Museum of the Moving Image in Astoria. Now in its ninth iteration, the Summit will bring together thought leaders from diverse sectors and feature enlightening panels highlighting Long Island City’s reputation as… Read more »
Sept. 27, 2023 By Ethan Marshall According to a report from StreetEasy, Manhattan is experiencing the largest increase in rental inventory among all the boroughs in New York City. Five of the 10 neighborhoods across the city going through the fastest growth are in Manhattan. Additionally, Long Island City made the list as the lone… Read more »