Mar. 19, 2025 By emarshall March 19, 2025 By Ethan Marshall Sign up for our weekly email newsletter to stay updated on the latest housing lotteries in New York City. New York City has launched a housing lottery for 41 units at 20 and 30 Hallets Point in Astoria. The developments feature 647 total residences, with…
Mar. 17, 2025 By Ethan Marshall Queens renters are feeling the squeeze as borough-wide apartment prices continue to climb. Studios, one-bedroom and two-bedroom units in Queens each experienced year-over-year rent increases of just under 5% during the month of February 2025, according to a report by the real estate firm M.N.S. Real Estate. The average…
Mar. 13, 2025 By Ethan Marshall Northwest Queens saw a surge in real estate activity in February 2025, with prices rising across the board—but the most striking shift was the listing inventory, which more than doubled compared to the same period last year, according to a report by Douglas Elliman Real Estate. The listing…
Mar. 12, 2025 By Ethan Marshall Approximately 33,974 new homes were built in new buildings across New York City in 2024, according to the New York City Department of City Planning’s (DHS) Housing Database. This number, announced by DHS Director Dan Garodnick, marked the highest amount of completed units in a single year in…
Mar. 4, 2025 By Shane O’Brien Mayor Eric Adams announced significant expansions to NYC Health + Hospitals’ medical respite bed program Tuesday, which offers patients experiencing homelessness a place to stay for up to 90 days after a major health event. Adams was joined by NYC Health + Hospitals CEO Dr. Mitchell Katz to…
Feb. 28, 2025 By Ethan Marshall As New York City experienced a large year-over-year increase in the number of homes to enter contract in January 2025, the median prices of homes entering contract went down, with the drop in Manhattan more than cancelling out increases in Queens and Brooklyn, according to a report by…
Feb. 25, 2025 By emarshall Feb. 25, 2025 By Ethan Marshall New York City has launched a housing lottery for 16 units in an 8-story residential building at 31-61 Vernon Blvd. near Socrates Sculpture Park in Astoria. The building has 51 residential units, 35 of which are market rate. The other 16 units have…
Feb. 20, 2025 By Ethan Marshall A new six-story luxury condominium, The Austin, has opened its doors at 78-29 Austin St. in Forest Hills. The Austin features 98 residences, ranging in size from one-bedroom units to four-bedroom units, as well as townhouses and penthouses. These include one-bedroom condos starting at $814,000, one-bedroom condos with…
Feb. 20, 2025 By Shane O’Brien The City Planning Commission has voted in favor of modifications to zoning regulations for the planned $8 billion Metropolitan Park casino development adjacent to Citi Field in Flushing. The proposal, a planned development by New York Mets owner Steve Cohen and Hard Rock Entertainment, would convert a 50-acre…
Feb. 19, 2025 By Ethan Marshall With cities across the United States increasingly turning vacant office buildings into residential spaces, the New York metropolitan area has emerged as the nation’s leader in office-to-apartment conversions in 2025, according to a report by the real estate listing site RentCafe. The New York metropolitan area has 8,310…