May. 22, 2024 By Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units in Queens increased 4.32% year-over-year in April 2024, according to a report by the real estate firm M.N.S. Real Estate. Studios in Queens had by far the biggest jump in rental price, rising 10.19% year-over-year, from $2,128 in April…
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May. 21, 2024 By Athena Dawson The Belmont Racetrack reboot has been hailed as a “Project of Regional Significance” by the Long Island Regional Planning Council (LIRPC). The $455 million project for the Belmont Park racetrack in Elmont, near the Queens-Nassau County border, was given the designation after a presentation from developer Michael Dubb, who…
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May. 15, 2024 By Ethan Marshall New York City suffered the largest gap between the amount of growth in wages and the increase in rent across the United States from 2022 to 2023, according to a study by the real estate listing information firm StreetEasy and the real estate marketplace company Zillow. Among the metro…
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May. 10, 2024 By Ethan Marshall Queens residents can expect a slowdown in the amount of new development in the coming years. The number of building permits issued in Queens in 2023 was the lowest since 2016, with developers obtaining 3,834 permits in the borough last year, according to a report by the New York City…
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May. 1, 2024 By Athena Dawson U.S. Rep. Gregory Meeks (D-5) addressed residents’ concerns during a Queens Community Board 13 virtual meeting on Thursday, Apr. 29. He assured the Cambria Heights community that the vacant Rite Aid at 222-14 Linden Blvd. would not be converted into a shelter. This announcement comes after weeks of active…
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Apr. 29, 2024 By Ethan Marshall As New York City tries to provide more affordable housing to its residents, the real estate and management platform Outpost Club has been hard at work creating affordable housing dwellings. The Outpost Club is redefining urban living in New York City by merging co-living and co-working under one roof….
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Apr. 24, 2024 By Ethan Marshall New York City has launched a housing lottery for 134 units in the 17-story mixed-use building The Peninsula A1, also known as Edgemere Commons Apartments, at 51-23 Beach Channel Dr. in Far Rockaway. The Peninsula A1 has 194 apartments, 60 of which are market rate. The 134 affordable units…
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Apr. 22, 2024 By Ethan Marshall While New York City as a whole has experienced a decline in the number of housing units on the market over the past year, the borough of Queens has bucked the trend. Unlike the other boroughs, Queens experienced an increase in new listings in March 2024 compared to March…
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Apr. 16, 2024 By Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units across Queens increased 3.42% year-over-year from March 2023 to March 2024, according to a report released by the real estate firm M.N. S. Real Estate. Studios experienced the most significant year-over-year increase, with the average rental price rising 7.2%,…
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Apr. 12, 2024 By Ethan Marshall The number of new leases of residential units nearly doubled to the highest on record from March 2023 to March 2024, according to a report by the real estate agency Douglas Elliman. During the same period of time, the median rental price for units in northwestern Queens decreased slightly….
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