Dec. 11, 2024 By Athena Dawson The New York City Council passed a package of bills on Thursday, Dec. 5, aimed at addressing increasing flooding issues across the city. The legislation, Intro 0814 and Intro 0815, was introduced and authored by Council Member James F. Gennaro, who represents District 24, covering neighborhoods such as Briarwood, Fresh…
Dec. 6, 2024 By Colum Motherway Mayor Eric Adams’ controversial zoning reform plan, “City of Yes,” was approved by the New York City Council on Thursday, Dec. 5, with a 31-20 vote. The approval marks a significant step in the city’s efforts to address its ongoing housing crisis, though it remains highly contentious, particularly…
Dec. 4, 2024 By Shane O’Brien New York City FC (NYCFC) broke ground on its new stadium in Willets Point Wednesday afternoon The 25,000-seater stadium, which will be named Etihad Park, is scheduled to be completed before the start of the 2027 MLS season and will be the first-ever soccer-specific stadium in the five…
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…