Jan. 13, 2025 By Ethan Marshall Permits have been filed for the construction of an 8-story mixed-use building at 37-22 30th St. in Long Island City. The property, situated between 37th Ave. and 38th Ave., is across from the Dutch House, an eight-story rental building completed in 2022. The proposed development would rise 70 feet… Read more »
Dec. 30, 2024 By Ethan Marshall Permits have been filed for the construction of a new 9-story mixed-used building at 25-08 43rd Ave. in Long Island City. The site, which was previously occupied by an auto repair shop and private parking space, is set to be transformed into a modern residential and commercial development. Located… Read more »
Dec. 26, 2024 By Ethan Marshall New York City has launched a housing lottery for 23 units in a 14-story residential building at 27-51 Jackson Ave. in Long Island City. The building features 34 total residences, with 11 being offered at market rate. The other 23 have been set aside for those earning 130% of… Read more »
Dec. 26, 2024 By Ethan Marshall Modern Spaces, a Long Island City-based real estate firm, announced it brokered the $7.6 million sale of a 16,800-square-foot warehouse located at 48-29 31st Place in Long Island City. The deal, finalized on Thursday, Dec. 5, marks another significant transaction in the borough’s evolving industrial real estate market. The… Read more »
Dec. 24, 2024 By Ethan Marshall The real estate developer TF Cornerstone announced its first retail lease signings for its new Malt Drive development at 2-20 and 2-21 Malt Dr. in the Hunter’s Point South section of Long Island City on Tuesday, Dec. 17. The businesses joining the 1,386 residential units at the Malt Drive… Read more »
Dec. 23, 2024 By Ethan Marshall Permits have been filed for the construction of a new 6-story homeless shelter at 38-78 and 38-80 11th St. in Long Island City. Located on the corner of 11th Street and 40th Avenue, this proposed development, referred to as the Bowery Residents’ Committee (BRC) Family Shelter, would be 70… Read more »
Dec. 18, 2024 By Ethan Marshall New York City has launched a housing lottery for 72 units at AURA, a 37-story mixed-use building in Long Island City. Located at 23-10 42nd Rd., AURA features 240 residential units, with 168 offered at market rate. The 72 remaining units have all been designated for individuals who earn… Read more »
Dec. 10, 2024 By Ethan Marshall The real estate developer Slate Property Group announced that it has partnered with White Oak Real Estate Capital to provide a $70 million construction loan to Watermark Capital Group for the development of a 26-story, 184-unit multifamily building at 41-08 Crescent St. in Long Island City. Watermark Capital Group,… Read more »
Nov. 20, 2024 By Ethan Marshall Construction has wrapped for The Northern, two residential buildings at 38-27 and 38-38 32nd St. in Long Island City. The development will yield 116 rental units. Exterior work has been completed for both buildings, each 10 stories tall. This comes almost exactly one year after the buildings were topped… Read more »
Nov. 6, 2024 By Ethan Marshall A key trend in Long Island City, Astoria and Flushing during the third quarter of 2024 was a rise in closed sale prices for condos, showing an increase compared to the same period in 2023, according to a report by the real estate firm Modern Spaces. Flushing had the… Read more »