Nov. 27, 2024 By Ethan Marshall New York City retained its title for having the most zip codes with the highest median rent in the United States in 2024, according to a report by the real estate firm RentHop. For the second consecutive year, the report found that New York City accounts for 39…
Nov. 25, 2024 By emarshall Nov. 25, 2024 By Ethan Marshall New York City has launched a housing lottery for 110 units at SOLA, a 12-story mixed-use building in Woodside. Located at 72-01 Queens Blvd., SOLA features 364 residences, of which 254 are offered at market rate. Of the remaining 110 units, 65 are designated… Read more »
Nov. 20, 2024 By Ethan Marshall Competition among renters in New York City cooled in October 2024 to the degree that 19.7% of listings were offering concessions on rent, marking the highest level in the city since July 2021 at 22.7%, according to a report by the real estate listing site StreetEasy. The rise…
Nov. 12, 2024 By Ethan Marshall Housing units in Queens had the average cost of rent go up 3.28% in October 2024, compared to the same month the previous year, according to a report by the real estate firm M.N.S. Real Estate. Year-over-year, the average rent in Queens rose from $2,803 in October 2023…
Nov. 12, 2024 By emarshall Nov. 12, 2024 By Ethan Marshall New York City has launched a housing lottery for 112 units at Vordonia Towers, a residential building in Astoria. Located at 34-46 Vernon Blvd., this 17-story building features a total of 404 residences, with 292 offered at market rates. Of the remaining 112 units,… Read more »
Nov. 7, 2024 By emarshall Nov. 7, 2024 By Ethan Marshall The New York-based development and construction management firm New Empire Corp. announced the launch of sales at Centric, a new luxury condominium in Woodside, on Thursday, Oct. 31. Centric is located at 58-01 Queens Blvd., the site of a former Rite-Aid and across from… Read more »
Nov. 7, 2024 By Ethan Marshall After the average rent for roommates in New York City spiked in the aftermath of the COVID-19 pandemic, a report by the roommate-finding site SpareRoom indicated prices began to stabilize during the third quarter of 2024, reaching $1,540. After hitting its peak average roommate rent of $1,625 during the second quarter…
Oct. 31, 2024 By emarshall Oct. 31, 2024 By Ethan Marshall Construction has wrapped for Siena, a 7-story residential building in Astoria. Located at 31-27 Crescent St., Siena covers approximately 30,368 square feet of space, with 28 luxury condominium units. The units range from one-bedroom to two-bedroom layouts and have an average scope of 806… Read more »
Oct. 21, 2024 By Ethan Marshall As the first-time foreclosure market continued to slow across New York City during the third quarter of 2024 compared to the same period of time the previous year, Queens contributed immensely to this change, according to a report by the real estate agency PropertyShark. Across New York City,…
Oct. 16, 2024 By Ethan Marshall The number of homes entering contract across New York City increased significantly year over year, thanks in large part to a decline in mortgage rates, according to a report by the real estate listing site StreetEasy. Over this period, there was a 26.4% increase in homes entering contracts,…