Tag: city-of-yes-initiative

Op-ed: Without property tax reform, the City of Yes will fall short

Apr. 3, 2025 By Czarinna Andres April 3, 2025 By Richard Khuzami New York City’s housing crisis is a real challenge. Every day, residents across all five boroughs feel the strain of rising rents and the lack of new housing. The recent zoning changes under the “City of Yes” initiative are a step in…

Queens real estate investment sales drop despite transaction growth in 2024: report

ariel

Feb. 17, 2025 By Ethan Marshall The real estate consultant Ariel Property Advisors experienced a decline in investment sales, despite an increase in transactions in 2024, according to their Queens 2024 Year-End Commercial Real Estate Trends report. Investment sales in Queens went down 7% year-over-year, from $3.18 billion in 2023 to $2.95 billion in…