Apr. 2, 2024 By Ethan Marshall From 2012-2022, the housing stock in Queens County increased 8.5%, according to a study by the construction software, insurance and related services organization Construction Coverage. The percentage increase over the 10-year-period is the same as that of the entire country, based on the study where nearly 800 counties were…
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Mar. 29, 2024 By Ethan Marshall The median asking price for rent in Queens jumped significantly from February 2023 to February 2024, according to a study conducted by the real estate firm StreetEasy. Year-over-year, the median asking rent rose 13.5%, from $2,599 to $2,950. This price increase is reflective of the fact that more people…
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Mar. 27, 2024 By Ethan Marshall As Cord Meyer Development Company celebrates its 12oth anniversary, its impact on Queens cannot be overstated. Built on decades of accomplishment, the company remains firmly focused on the future, here in Bayside and beyond. Cord Meyer Development was officially incorporated in 1904 but its roots trace back to the…
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Mar. 22, 2024 By Iryna Shkurhan Joseph M. Mattone, a towering figure in one of the world’s most formidable retail markets, died peacefully surrounded by his family at his home on Thursday, March 21, at the age of 92. A distinguished lawyer and real estate mogul, Mattone’s ascent through the ranks of real estate development…
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Mar. 22, 2024 By Athena Dawson Members from the mayor’s office brought the Jamaica Neighborhood Plan to life with an exhibit, at Queens Central Library on 89-11 Merrick Blvd. The plan, launched in 2023, is an onging economic development project to revitalize Jamaica. The project’s vision is to make downtown Jamaica a desirable place…
Mar. 20, 2024 By Iryna Shkurhan U.S. Rep. Gregory Meeks (D-5) secured over $15 million in federal funding for 15 local projects in his southeastern Queens district. The projects range from environmental restoration projects to workforce development, as well as affordable housing for vulnerable groups. In total, he secured $15,489,582 that will directly affect residents…
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Mar. 19, 2024 By Ethan Marshall Five neighborhoods in Queens were found to be among the 10 areas citywide that have the smallest median condo size, according to a recent report by the real estate firm PropertyShark. The neighborhoods included South Astoria, Maspeth, Old Astoria, Long Island City and Kew Gardens Hills. South Astoria, which the report defines as the southeast section of the neighborhood, was ranked as having the smallest median condo sizes in all of New York City, at just 631 square feet. Maspeth placed fourth on the list with a median condo size of 671 square feet;…
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Mar. 13, 2024 Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units in Queens all increased from February 2023 to February 2024, according to a report by the real estate firm M.N.S. Real Estate. The overall average cost of rent for these types of units increased 3.1% over this span, from $2,715 in 2023 to $2,800 in 2024. The Ridgewood neighborhood saw the largest month-over-month rental price increase at 5.32% . Studios experienced the most significant increase in rental price. The average rental price for these units in Queens rose 6.11% year-over-year, from $2,169 last year to…
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Mar. 13, 2024 By Athena Dawson Representatives from the mayor’s office held an event in St. Albans Tuesday to highlight the property tax breaks that available to low-income seniors and New Yorkers with disabilities. The event, held at the St. Albans library, focused on the Senior Citizen Homeowner’s Exemption plan (SCHE), which provides a property tax break for seniors who own one-, two-, or three-family homes, condominiums, or cooperative apartments. The SCHE and DHE (Disabled Homeowners’ Exemption), the officials noted, provide tax breaks to eligible homeowners with a combined annual income of $58,399 or less. Representatives from the mayor’s Public…
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Mar. 12, 2024 By Ethan Marshall A total of 15 affordable units are up for grabs at a development in southeast Queens, with a monthly rent of $2,300. The affordable units are part of a 7-story building spread across a block in Hollis at 188 Hillside Ave. The development, known as Q-188, has a total…
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