Tag: real-estate-newsletter

Average rental price in Queens rose over 3% year-over-year in February 2024: report

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average rental

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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Affordable housing lottery opens in Hollis, rent set at $2,300

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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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New York’s senior citizens rally for housing repairs, oppose funding cuts to aging services

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senior citizens

Mar. 11, 2024 By Czarinna Andres and Lloyd Mitchell Senior citizens and community organizations across New York held a rally at Queens Borough Hall in Kew Gardens on Thursday, where they called for senior centers to be repaired and upgraded—and for the better services for older adults. Representatives of LiveOn NY, an advocacy group representing more than 4 million seniors and 120 living centers throughout the state, led the rally where the attendees demanded structural repairs and upgrades of senior center complexes. They also seek an increase in staffing to meet the needs of the growing senior population. The attendees…
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Willets Point development clears latest hurdle in the public review process with unanimous approval of the City Planning Commission

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Mar. 7, 2024 By Bill Parry The massive Willets Point redevelopment project passed another key milestone Wednesday when the City Planning Commission voted unanimously to approve phase two of the plan that calls for a 25,000-seat soccer-specific stadium, 1,400 units of affordable housing, a 250-room hotel, a 650-seat public school, 80,000 square feet of retail…
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Rego Park residents rally against proposed men’s homeless shelter

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Rego Park

Feb. 20, 2024 By Anthony Medina Rego Park residents outraged over another proposed men’s homeless shelter in their neighborhood took to the streets on Sunday, Feb. 18, in a march and rally to oppose the city’s plans.  The proposed single men’s homeless shelter site is located at the Rego Park Wyndham Garden Hotel at 61-18…
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Residents pack town hall hosted by Sen. Ramos to debate proposed casino development and alternative plan

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Feb. 9, 2024 By Athena Dawson Hundreds of people gathered at the New York Hall of Science for a town hall hosted by state Sen. Jessica Ramos Wednesday evening to provide encouragement—or disapproval—of the proposed casino plan by Citi Field or the alternative Phoenix Meadows proposal. A huge line wrapped around the building as residents waited in anticipation to get inside. Part of the massive crowd were required to go into a standby auditorium to watch a live stream of the town hall via Facebook. The meeting, the third to be held by Ramos, was significant, since she said she…
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Landlords ignoring repairs ranked biggest problem New York State renters face: study

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Feb. 8, 2024 By Ethan Marshall The most common complaint tenants in New York State have with their landlords deals with the avoidance or mishandling of repairs, according to data collected by the moving resource site moveBuddha. This conclusion was drawn based upon an analysis of reviews by renters on the crowdsourced landlord review site…
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Average rental price in Queens remained static in January 2024: report

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rental price

Feb. 7, 2024 By Ethan Marshall The average rental price in Queens remained mostly static in January 2024 compared to December 2023, according to a report from the real estate firm M.N.S. Real Estate. There was only a 0.02% increase over that time period, with the average rent going from $2,780 to $2,781. Studio units…
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Rents drop in NYC for first time in eight months: report

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Jan. 26, 2024 By Ethan Marshall The median rent price for one-bedroom and two-bedroom units in New York City both went down from December 2023 to January 2024, marking the first time since May that these prices went down month-over-month, according to a report by the real estate firm Zumper. The median rent for one-bedroom units in New York City decreased 2.9% from $4,161 in December 2023 to $4,040 in January 2024. Over the same period of time, two-bedroom units saw the median rent dip 6%, from $4,798 to $4,510. Despite the month-over-month decrease, New York City maintained its number…
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