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 »
Apr. 10, 2024 By Ethan Marshall The excavation process for the property at 41-08 Crescent St. in Astoria is set to begin, marking the first step towards the construction of a 17-story residential tower, according to New York YIMBY. The 30,102-square-foot-long lot has already been surrounded by construction fencing. Machines for the construction work are… Read more »
Apr. 10, 2024 By Queens Post News Team Around 300 people are set to attend Long Island City Partnership’s 19th annual Real Estate Breakfast next Tuesday. The event will take place at the newly opened Brewster LIC Conference Center, located at 41-27 27th St. in Long Island City, from 8-10:30 a.m. on Apr. 16. More… Read more »
Apr. 9, 2024 By Ethan Marshall The building at 43-10 23rd St. in Long Island City has just been transformed by construction contractor Suffolk, into a 7-story, 7-floor life science facility, known as Hatch Life Sciences. A ‘life science’ facility refers to properties that offer lab and office spaces for organizations working on scientific research… Read more »
Mar. 29, 2024 By admin Mar. 29, 2024 By Ethan Marshall The median asking price for rent in Queens jumped significantly from February 2023 to February 2024, according to a study conducted by the real estate firm StreetEasy. Year-over-year, the median asking rent rose 13.5%, from $2,599 to $2,950. This price increase is reflective of… Read more »