Jan. 9, 2024 By zgewelb Jan. 9, 2024 By Ethan Marshall Seven affordable housing units—all 2-bedroom apartments—are up for grabs in a Long Island City development with monthly rents starting at $3,835. The units, located at 37-25 32nd St., are part of a 6-story, 15-unit development. The city has recently opened a lottery for the… Read more »
Jan. 8, 2024 By Martha Stark For decades, it has been an open secret that New York City’s property tax system is inequitable and unfair. This regressive system, rooted in outdated and discriminatory policies, has not only exacerbated the housing crisis but also deepened the economic divide, disproportionately burdening lower-income and minority communities. Next week,…
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Jan. 4, 2024 By zgewelb Jan. 4, 2024 By Ethan Marshall A total of five affordable housing one-bedroom units in a five-story residential building are now available, with monthly rents starting at $2,400. Located at 21-27 30th Dr. in Astoria, the development features 14 units, with nine being market rate. A lottery is being held… Read more »
Jan. 4, 2024 By Ethan Marshall The COVID-19 pandemic led to more of the highest-earning residents of New York State who make at least $815,000 a year to leave for other states. However, they are now much less likely to move away than those in the middle class and working class, according to a study…
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Dec. 28, 2023 By QNS’s advertising partner As the City’s Finance Commissioner during the Bloomberg Administration, Martha Stark helped bring a new level of transparency to the property tax system. For the first time, owners were notified of the process and information that was used to assess their property taxes. Now, as the co-founder of…
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Dec. 28, 2023 By admin Dec. 28, 2023 By Christian Murray The Sunnyside and Woodside residential real estate market has remained resilient over the past year despite a significant uptick in interest rates, according to a new report released by a western Queens real estate firm. The report, put out by Sunnyside-based Welcome Home Real… Read more »
Dec. 21, 2023 By Christian Murray It’s pitched as an affordable apartment in Queens, yet the rent for a one-bedroom is $3,140 a month. NYC Housing Connect has opened a lottery for 16 “affordable apartments” inside a new 8-story, 51-unit development in Kew Gardens. The building, located at 81-07 Kew Gardens Rd., has been developed by FBL Development, and includes a range of amenities, such as a gym and a rooftop terrace. The units are designated for residents whose income falls within 130% of the area median income (AMI). The range accommodates potential tenants with incomes spanning from $107,658 to…
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Dec. 19, 2023 By Christian Murray The population of New York City has declined significantly since the pandemic, with Queens being no exception, according to a report released by state Comptroller Thomas DiNapoli on Monday At the beginning of 2020, New York City boasted a population of 8,804,190, marking a decade-long trend of a 7.7%…
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Dec. 14, 2023 By Ethan Marshall The year-over-year rent growth for the month of November in New York City was 2.9%, marking the first time since the COVID-19 pandemic that it rose less than 3%, according to a new report. The real estate firm StreetEasy released the report that found the median rent fell from $3,600 in November 2022 to $3,500 last month. The slower rent growth is reflective of more homes being available for rent across the city, according to StreetEasy. Year-over-year, rentals on the market increased 8.6% in the city from 29,511 last year to 32,049 in November…
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Dec. 13, 2023 By Ethan Marshall The average rental price in Queens decreased in November 2o23 compared to October, according to a report by the real estate firm M.N.S. During that time, the average rental price fell 1.46%, from $2,803 to $2,762. Studios, one-bedroom and two-bedroom units experienced varying decreases in the average rental price across the borough. One-bedroom units experienced the most significant decline, falling 2.08%, from $2,729 to $2,673. Two-bedroom units had the second-largest drop, down 1.44%, from $3,424 to $3,375. The rental price for studios fell 0.75%, from $2,256 to $2,239. Ridgewood was the Queens neighborhood to…
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