May. 13, 2025 By Shane O’Brien New York City’s housing crisis is no secret and the city’s low-cost housing landscape remains extremely difficult to navigate, including a housing lottery system theoretically devised to provide a solution for the dire need for accommodation. A problem that has been brewing for decades, the housing crisis continues…
May. 12, 2025 By emarshall May 12, 2025 By Ethan Marshall Construction has officially wrapped on Sunnyside 52, a new five-story mixed-use development located at 43-30 52nd Street in Sunnyside. The once-vacant lot has been transformed into a sleek, modern condominium complex offering a mix of residential and commercial spaces just steps from the…
May. 8, 2025 By Ethan Marshall The average cost of rent across New York City reached $3,966 a month by the end of April 2025, amounting to 144% more than the national average of $1,625, according to a report by Apartments.com. Based on the average rent in New York City, residents would need to…
May. 2, 2025 By Shane O’Brien Hard Rock International Chairman and CEO Jim Allen addressed hundreds of Queens-based vendors and small business owners Thursday morning at the Queens Theatre, outlining how they could play a key role in shaping the proposed $8 billion Metropolitan Park casino and entertainment complex near Citi Field—if the project…
May. 1, 2025 By Ethan Marshall March 2025 marked the seventh consecutive month in which the number of homes to enter contract in New York City increased year-over-year, according to a report by the real estate listing site StreetEasy. Over this period of time, homes entering contract rose 8.7%, from 2,003 in March 2024…
Apr. 30, 2025 By Ethan Marshall While most major urban hubs across the United States continued to see the average size of apartments shrink in 2024 compared to 2015, one of the few exceptions to this trend was Queens, according to a report by the real estate listing site RentCafe. New apartments completed in…
Apr. 29, 2025 By Ethan Marshall The median sale price across New York City rose 10% year-over-year in the first quarter of 2025, from around $698,000 last year to $768,000 this year, according to a report by the real estate database site PropertyShark. Several Manhattan neighborhoods had the most significant increases over this period…
Apr. 23, 2025 By Ethan Marshall The median asking rent for apartments in New York City went up 5.6% year-over-year in the first quarter of 2025, from $3,218 last year to $3,397 this year, according to a report by the real estate site Realtor.com. This increase among rental properties listed on Realtor.com continues the…
Apr. 18, 2025 By emarshall April 18, 2025 By Ethan Marshall and Christian Murray Sunnyside buyers saw a slight dip in co-op and house prices last year, while average sales prices in neighboring Woodside experienced a modest increase, according to a new report from Welcome Home Real Estate, based on NYC public data. The average…
Apr. 18, 2025 By Ethan Marshall The cost of rent for apartments in Queens continued to trend upwards year-over-year in March 2025, according to a report by the real estate firm M.N.S. Real Estate. Studios, one-bedroom units and two-bedroom units all experienced price increases over this period of time. The average rent across the borough…