Category: LIC Real Estate Listings

Queens had more foreclosures than any other borough in 2023: report

queens

Jan. 17, 2024 By Ethan Marshall Queens had more foreclosures than any other borough in 2023, accounting for 39% of all cases across the city, according to a report by the real estate firm PropertyShark. Of the 1,620 foreclosures in New York City in 2023, 631 of them were in Queens, including 50 in Elmhurst. The Queens…
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Rental prices in Queens are up almost 5% from a year ago: report

Queens

Jan. 16, 2024 By Ethan Marshall The average rental price in Queens increased 4.76% over the past year, from $2,654 in December 2022 to $2,780 in December 2023, according to a report by the New York City real estate firm M.N.S. Real Estate. Studio, one-bedroom and two-bedroom units all experienced increases in rental prices across…
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Queens neighborhoods to lead NYC real estate resurgence in 2024: Report

neighborhood

Jan. 10, 2024 By Czarinna Andres Queens is poised to be the epicenter of New York City’s real estate resurgence in 2024, according to a report by the real estate firm Street Easy. The report, titled 10 NYC Neighborhoods to Watch in 2024, said that trendy sub-neighborhoods within Queens will be stealing much of the spotlight, noting that in 2023 many renters and potential buyers flocked to the borough in search of more affordable housing options. While Queens is expected to shine, the report also indicates that Manhattan may regain popularity among renters this year as rental prices begin to…
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Affordable housing lottery opens in LIC, rents start at $3,835 a month

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 »

Op-ed | New York City’s broken property tax system

property

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 This regressive system, rooted in outdated and discriminatory policies, has not only exacerbated the housing crisis but also deepened the economic divide, disproportionately burdening lower-income and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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Affordable housing lottery opens in Astoria, rents start at $2,400 a month

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 »

Citing unfair property tax system, coalition seeks to even the playing field

tax

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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Average co-op in Sunnyside fetched $353K during January-August 2023, one-family houses approached $950K: report

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 »

Lottery opens for ‘affordable apartments’ in Kew Gardens, 1-bedrooms to rent for $3,140

lottery

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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