Tag: real-estate-newsletter

Queens rents hit new highs as prices rise in every neighborhood: report

queens rent

Mar. 17, 2025 By Ethan Marshall Queens renters are feeling the squeeze as borough-wide apartment prices continue to climb. Studios, one-bedroom and two-bedroom units in Queens each experienced year-over-year rent increases of just under 5% during the month of February 2025, according to a report by the real estate firm M.N.S. Real Estate. The average…

City Council votes overwhelmingly in favor of $8B Metropolitan Park casino zoning changes

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Mar. 13, 2025 By Shane O’Brien The City Council has voted overwhelmingly in favor of modifications to zoning regulations for the planned $8 billion Metropolitan Park casino development adjacent to Citi Field in Flushing. The City Council voted 41-2 in favor of the proposal, a planned development by New York Mets owner Steve Cohen and Hard Rock…

NYC sees record-breaking 33,974 new homes completed in 2024, highest since 1965: DCP

new homes

Mar. 12, 2025 By Ethan Marshall Approximately 33,974 new homes were built in new buildings across New York City in 2024, according to the New York City Department of City Planning’s (DHS) Housing Database. This number, announced by DHS Director Dan Garodnick, marked the highest amount of completed units in a single year in…

Mayor Adams announces expansion of medical respite program for homeless New Yorkers

Mayor Eric Adams speaks to media at City Hall on March 3. The Mayor announced significant expansions to the medical respite program on Tuesday. Photo: Mayor's Office Flickr.

Mar. 4, 2025 By Shane O’Brien Mayor Eric Adams announced significant expansions to NYC Health + Hospitals’ medical respite bed program Tuesday, which offers patients experiencing homelessness a place to stay for up to 90 days after a major health event. Adams was joined by NYC Health + Hospitals CEO Dr. Mitchell Katz to…

Queens and Brooklyn see price increases as Manhattan’s median home price tumbles: report

price

Feb. 28, 2025 By Ethan Marshall As New York City experienced a large year-over-year increase in the number of homes to enter contract in January 2025, the median prices of homes entering contract went down, with the drop in Manhattan more than cancelling out increases in Queens and Brooklyn, according to a report by…

Permits filed for 22-unit apartment building near Rockaway Village in Far Rockaway

permits

Feb. 26, 2025 By Ethan Marshall Permits have been filed for the construction of a 4-story residential building with 22 units at 21-05 Birdsall Ave. in Far Rockaway, which is currently just a vacant lot. The proposed building would be 40 feet tall and yield 14,713 square feet of space across the 22 residences.…