Jul. 16, 2024 By Shane O’Brien The developers behind New York City FC’s planned 25,000-seat stadium in Willets Point aim to break ground in early fall, according to NYCFC Sporting Director David Lee. In April, the New York City Council approved plans for NYCFC’s proposed 25,000-seat stadium, as well as a 2,500-unit affordable housing…
Category: LIC Real Estate Listings
Average rental price in Queens up more than 6% from last year to $2,900: Report
Jul. 16, 2024 By Ethan Marshall The overall average rental price in Queens in June 2024 rose 6.49% from the same month last year, according to a report by the real estate firm M.N.S. Real Estate. Studio, one-bedroom and two-bedroom units in Queens all had jumps in the average cost of rent. The overall…
Housing lottery launches for six units in Astoria condo building, rent starting at $2,600
Jul. 9, 2024 By emarshall July 9, 2024 By Ethan Marshall New York City has launched a housing lottery for six units in a 3-story residential use condominium building at 12-19 31st Dr. in Astoria. The building has 17 total residences, with 11 being at market rate. All six affordable units are meant for those… Read more »
Foreclosures in Queens increase slightly from previous year in second quarter of 2024: report
Jul. 8, 2024 By Ethan Marshall The number of first-time foreclosures in Queens saw a slight increase from the second quarter of 2023 to the same period in 2024, according to a report by the real estate agency PropertyShark. Year-over-year, foreclosures in Queens rose 8%, from 148 last year to 160 this year. This year’s foreclosures accounted…
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Queens rent continues to soar: Report shows average prices up 7.12% with studios leading the surge
Jun. 27, 2024 By Ethan Marshall The average rental price in Queens rose 7.12% year-over-year, from $2,681 in May 2023 to $2,872 in May 2024, according to a report by the real estate firm M.N.S. Real Estate. Studios, one-bedroom and two-bedroom units all experienced increases in the average rental price over this period of time….
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Op-Ed: The benefits of the City of Yes Housing proposal
Jun. 27, 2024 By emarshall June 27, 2024 By Richard Khuzami Most of the media coverage regarding the City of Yes zoning changes, regarding increasing housing, are focused on the negative response from many of the Community Boards from the outer boroughs, especially those especially distant from Manhattan (as of today, we have seen no… Read more »
Leasing available for three new Queens developments
Jun. 26, 2024 By Ethan Marshall Leasing has launched for three notable developments in Queens, SOLA Woodside, The Monarch in Jamaica and the Fabric Astoria , with the real estate firm M.N.S. Real Estate marketing these developments. SOLA, located at 72-01 Queens Blvd., is a 12-story, 364-unit mixed-use development, with 109 of the units dedicated…
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Queens neighborhoods experience decline in new homes entering contracts: report
Jun. 22, 2024 By Ethan Marshall While much of New York City saw an increase in homes entering contract from May 2023 to May 2024, Queens was an exception to this trend, according to a report by the real estate listing site StreetEasy. When a home is ‘in contract’, it means an offer to buy…
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LIC-based Modern Spaces named exclusive marketer for Astoria luxury condominium
Jun. 19, 2024 By emarshall June 19, 2024 By Ethan Marshall The Long Island City-based real estate firm Modern Spaces has been assigned as the exclusive marketing and sales team for the residential project the Marina Astoria. Located at 30-05 Vernon Blvd., the Marina Astoria is a boutique luxury condominium with 67 units available, ranging… Read more »
Housing lottery launches for 7-story mixed-use building in Woodside, rent at $2,200
Jun. 17, 2024 By emarshall June 17, 2024 By Ethan Marshall New York City has launched a housing lottery for eight units in a 7-story mixed-use building at 43-34 53rd St. in Woodside. The building has 24 residences, 16 of which are market rate. All eight affordable units are one-bedroom units meant for those earning… Read more »