Jun. 17, 2024 By Barbara Russo and Dean Moses The Rent Guidelines Board voted Monday night to increase the rent for more than 1 million rent-stabilized tenants in the face of infuriated advocates who protested the decision. Hundreds took to the streets on the Upper East Side with dozens blocking the entrance to Hunter…
Mar. 13, 2024 Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units in Queens all increased from February 2023 to February 2024, according to a report by the real estate firm M.N.S. Real Estate. The overall average cost of rent for these types of units increased 3.1% over this span, from $2,715 in 2023 to $2,800 in 2024. The Ridgewood neighborhood saw the largest month-over-month rental price increase at 5.32% . Studios experienced the most significant increase in rental price. The average rental price for these units in Queens rose 6.11% year-over-year, from $2,169 last year to…
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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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Oct. 12, 2023 By Ethan Marshall Zumper released its latest New York City Metro Report, which examines and compares the rental trends for one-bedroom units in several metro cities. According to the report, New York City had the highest median rental price for one-bedroom units last month, at $4,080. New York City’s median rental price…
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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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Apr. 4, 2023 By Julia Moro RentHop announced its new tool, RentHop RentCompare, which allows New York City renters to find out if they are overpaying or underpaying for rent. Average rental prices have been widely discussed among experts recently. RentHop’s new tool is meant to give more context to the topic and give renters…
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Mar. 21, 2023 By Julia Moro According to a new MNS report, in the last month, the average rental price throughout Queens increased by 1.42%, with prices going from $2,678 to $2,715 in February 2023. The neighborhood with the most significant month-over-month increase was Astoria, where studio rentals increased 7.2%, from $2,143 to $2,169. MNS…
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Jan. 30, 2023 By Michael Dorgan The Gotham Organization has announced that it has started leasing market-rate units in the largest of its two residential towers that have recently gone up on the Long Island City waterfront. The building, a 56-story complex known as the North Tower, forms part of the Gotham Point development and… Read more »