Jan. 30, 2025 By Ethan Marshall Queens accounted for ten of the 50 most expensive New York City neighborhoods to reside in 2024, according to a report by the real estate data site PropertyShark. Despite the borough’s prevalence on the list, none of its neighborhoods ranked among the top ten most expensive neighborhoods. Hunters…
Jan. 29, 2025 By Ethan Marshall Rent growth in Queens and Brooklyn slowed down substantially year-over-year in December 2024, compared to that of Manhattan, according to a report from the real estate listing site StreetEasy. The typical asking price for rent rose in Queens over this period of time by 3.7%, representing a much…
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…
Jan. 10, 2025 By Ethan Marshall A major mixed-use development is reshaping the skyline along Northern Boulevard in Flushing. Construction of The Sunlight, a 17-story tower blending residential, retail, and community spaces, has passed the halfway mark as it rises at 138-18 Northern Blvd. The project, expected to be completed in 2026, represents a…
Jan. 9, 2025 By Ethan Marshall Construction on a major mixed-use development in Flushing has recently reached a significant milestone. Construction on Union Center, a 16-story mixed-use building at 37-16 Union St. in Flushing, has reached street level. This transformative development, which will combine office, retail, and community spaces, is making steady progress, with…
Jan. 8, 2025 By Ethan Marshall Exterior work is progressing on La Vita, a highly anticipated 16-story mixed-use development located at 133-25 37th Ave. in Flushing. Once completed, this modern complex will rise 198 feet tall and span 263,151 square feet, offering a blend of residential, hospitality, and retail spaces. La Vita will feature…
Jan. 8, 2025 By Ethan Marshall The first phase of construction of the Willets Point redevelopment, a two-building residential project just east of Citi Field, has passed the halfway point. When completed, both buildings will rise from a shared 1-story podium and be 12 stories tall. A total of 1,100 affordable units will be…
Jan. 3, 2025 By Ethan Marshall New York City experienced immense year-over-year growth in homes entering contract in November 2024, leading to a drop in available inventory, according to a report by the real estate listing site StreetEasy. Over this period, there was a 25.1% increase in homes entering contracts across New York City,…
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…
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…