Sep. 16, 2024 By emarshall Sept. 16, 2024 By Ethan Marshall New York City has launched a housing lottery for 59 units at The Northern II, a pair of residential buildings in Long Island City. Located at 38-27 and 38-38 32nd St., these buildings yield a total of 193 residences, with 134 being at market… Read more »
Sep. 16, 2024 By Czarinna Andres The Department of City Planning (DCP) announced a leadership change for its Queens Office, located at 120-55 Queens Blvd. in Kew Gardens, on Friday, Sept. 13. Lin Zeng was named Director, and Kathi Ko was appointed Deputy Director. The appointments come as the office ramps up efforts to…
Sep. 10, 2024 By Ethan Marshall While the annual income needed to afford to purchase a home in New York City was still significantly higher than the national average in August 2024, there was a large decrease year-over-year, thanks in large part to mortgage rates declining, according to a report by the real estate…
Sep. 6, 2024 By Ethan Marshall The average rental price for housing units across Queens went up 4.07% year-over-year in August 2024, according to a report by the real estate firm M.N.S. Real Estate. Queens had its overall rental price jump from $2,812 in August 2023 to $2,926 in August 2024. Studios, one-bedroom, and…
Aug. 27, 2024 By Shane O’Brien Queens Borough President Donovan Richards has announced his conditional support for Mayor Eric Adams’ City of Yes housing plan, which would update the city’s zoning laws and make it easier to build affordable housing units and convert office buildings to housing. The city estimates that the proposal could…
Aug. 21, 2024 By Ethan Marshall The New York City metropolitan area is on track to lead the United States in new apartments constructed among major cities in 2024, according to a report by the real estate firm RentCafe. With 32,935 new rentals expected to be completed by the end of the year, the…
Aug. 20, 2024 By Ethan Marshall New York City saw the number of new listings in July 2024 reach its lowest level since 2016, with Queens experiencing a deep decline in new listings over this period, according to a report by the real estate listing site StreetEasy. Year-over-year, the number of new listings in…
Aug. 14, 2024 By emarshall Aug. 14, 2024 By Ethan Marshall A new boutique condominium, Orion, featuring seven meticulously designed units at 25-88 38th St. in Astoria, has just hit the market for prospective buyers. The building, developed by local developers Konstandinos “Gus” Vorillas, Thomas Ballis, Anthony Vitale, and Chris Giannikouros, offers seven modern one-… Read more »
Aug. 14, 2024 By Ethan Marshall The average rental price for all units in Queens rose 6.76% year-over-year in July 2024, according to a report by the real estate firm M.N.S. Real Estate. This jump continues an upward trend seen in the previous month. The overall average rental price in Queens jumped from $2,734…
Aug. 12, 2024 By Ethan Marshall Northwest Queens experienced a record number of new lease signings in July 2024, according to a report by the real estate firm Douglas Elliman Real Estate. The 945 new lease signings in July 2024 were the highest ever recorded. This represents a significant year-over-year increase, up 419.2% from…