Tag: real-estate-newsletter

Permits filed to double the height of a 2-story mixed-use building in Jamaica

permits

Jan. 28, 2025 By Ethan Marshall Permits have been filed to vertically expand the building at 150-28 Hillside Ave. in Jamaica, increasing its height from two stories to four. The proposed mixed-use building would be 42 feet tall and yield 8,221 square feet of space, with 6,345 square feet being dedicated to residential space…

Queens leads NYC in foreclosures despite overall metro area decline in 2024: report

Foreclosures and foreclosed home for sale property listings, financial concept : Yellow warning sign board with the words FORECLOSURE FOR SALE BANK-OWNED, a two-story model house, coins on a table.

Jan. 21, 2025 QNS News Team First-time foreclosure filings across the broader New York metro area declined significantly in 2024, according to PropertyShark’s latest foreclosure report. The report released on Monday, Jan. 20, reveals a 14% year-over-year drop compared to 7,264 cases in 2023. It expanded its coverage to include 12 New York and…

Queens rents continue to rise in 2024, with two-bedroom units seeing the biggest jump: report

queens

Jan. 14, 2025 By Ethan Marshall Studio, one-bedroom, and two-bedroom rental units in Queens all saw year-over-year price increases by the end of 2024, according to a report by the real estate firm M.N.S. Real Estate. The overall average rental price for these residential units rose 3.85% year-over-year, from $2,780 in December 2023 to…

New renderings unveiled for proposed 20-story mixed-use building on Archer Avenue in Jamaica

renderings

Dec. 31, 2024 By Ethan Marshall The New York City-based architecture firm IMC Architecture has released new renderings for a proposed 20-story mixed-use building at 147-27 Archer Ave. in Jamaica. This structure will stand 231 feet tall and yield 274,837 square feet, with 234,535 of that square footage dedicated to residential space across 359…

Real estate listing site reveals predictions for NYC housing market in 2025

prediction

Dec. 27, 2024 By Ethan Marshall The real estate listing site StreetEasy presented a series of predictions that 2025 may have in store for the market in New York City in a report by StreetEasy Senior Economist Kenny Lee. Lee came up with five big predictions following a year in which housing costs reached…

NYCHA eviction rates rise across NYC, but Queens bucks the trend

nycha

Dec. 27, 2024 By Shane O’Brien Eviction rates at New York City Housing Authority (NYCHA) properties under the Permanent Affordability Commitment Together (PACT) program decreased slightly in Queens in 2024, bucking a citywide trend that saw eviction rates spike significantly elsewhere in New York. A recent audit by NYC Comptroller Brad Lander found that…

Permits filed for new 22-story mixed-use building in Jamaica

filed

Dec. 23, 2024 By Ethan Marshall Permits have been filed for the construction of a new 22-story mixed-use building at 163-25 Archer Ave. in Jamaica. Located between 165th Street and Guy R. Brewer Boulevard, the proposed development would be 250 feet tall and yield 288,320 square feet of space. The vast majority of the…

Reps. Gregory Meeks and Pete Sessions introduce bill to support first-time homeowners

meeks

Dec. 23, 2024 By Athena Dawson U.S. Representative Gregory Meeks, who represents New York’s 5th District, which covers southeast Queens and parts of Nassau County, and U.S. Representative Pete Sessions, who represents Texas’ 17th District, which covers areas including Waco and College Station, have introduced a bipartisan bill aimed at alleviating financial burdens for…