Nov. 15, 2024 By Czarinna Andres A new rendering has been revealed for 93-47 Sutphin Blvd., a proposed 27-story hotel in Jamaica. Designed by GF55 Architects and developed by Able Management Group, the $54 million project will feature 225 guest rooms under the Hilton Garden Inn brand. The property is owned by Station Plaza…
Nov. 14, 2024 By Athena Dawson A group of Southeast Queens residents and civic leaders rallied together with a clear message for their elected officials: vote no on the City of Yes rezoning proposal. The homeowners and community organizers gathered at the corner of Sutphin Boulevard and 112 Avenue on Saturday, Nov. 2. Many…
Nov. 12, 2024 By Ethan Marshall Housing units in Queens had the average cost of rent go up 3.28% in October 2024, compared to the same month the previous year, according to a report by the real estate firm M.N.S. Real Estate. Year-over-year, the average rent in Queens rose from $2,803 in October 2023…
Nov. 7, 2024 By Ethan Marshall After the average rent for roommates in New York City spiked in the aftermath of the COVID-19 pandemic, a report by the roommate-finding site SpareRoom indicated prices began to stabilize during the third quarter of 2024, reaching $1,540. After hitting its peak average roommate rent of $1,625 during the second quarter…
Nov. 6, 2024 By Athena Dawson New affordable senior housing will soon be available in downtown Jamaica. Affordable housing developer Breaking Ground announced on Wednesday, Oct. 23, that it has officially topped off its Sutphin Senior Residence located at 97-04 Sutphin Blvd. The residential building is expected to open at the end of 2025.…
Oct. 29, 2024 By Iryna Shkurhan Elon Musk is reportedly planning to open a Tesla facility in Queens. The electric car manufacturer leased the 150,000-square-foot space at 30-02 Whitestone Expwy. in College Point, according to an industrial report released earlier this month. The site was previously home to Toys “R” Us, Party WOW and…
Oct. 28, 2024 By Athena Dawson Local elected officials presented a $650,000 check to the Greater Allen Development Corporation (GADC) on Friday to support affordable housing at Allen Cathedral Apartments in Jamaica. Speaker Adrienne Adams (D-28), along with Council Members Selvena Brooks Powers (D-31) and Nantasha Williams (D-28), awarded the joint capital funding during…
Oct. 22, 2024 By Ethan Marshall New York City, in partnership with L+M Development Partners, Triangle Equities and The Bluestone Organization, has launched a housing lottery for 116 units in a mixed-use building located at 3-51 Beach 35th St. in Far Rockaway. Known as Beach Green Dunes III, the building has a total of…
Oct. 21, 2024 By Iryna Shkurhan Elected officials from northeast Queens gathered at Beech Hills Apartments in Douglaston last Thursday to celebrate the signing of the Ground Lease Renewal Bill, a new law that offers co-op owners and prospective buyers greater flexibility. The bill allows co-op owners to extend or renew their ground leases…
Oct. 21, 2024 By Ethan Marshall As the first-time foreclosure market continued to slow across New York City during the third quarter of 2024 compared to the same period of time the previous year, Queens contributed immensely to this change, according to a report by the real estate agency PropertyShark. Across New York City,…