Tag: real-estate-newsletter

Queens rent continues year-over-year rise in October 2024: report

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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…

Average roommate rent in NYC hold steady in third quarter of 2024: report

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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…

New contracts in NYC get huge boost thanks to declining mortgage rates: report

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Oct. 16, 2024 By Ethan Marshall The number of homes entering contract across New York City increased significantly year over year, thanks in large part to a decline in mortgage rates, according to a report by the real estate listing site StreetEasy. Over this period, there was a 26.4% increase in homes entering contracts,…

Construction completes on 8-story transitional housing complex in Rego Park

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Oct. 15, 2024 By Ethan Marshall Construction has wrapped for The Lionheart, an 8-story transitional housing complex in Rego Park. Located at 92-62 Queens Blvd., the Lionheart stands 83 feet tall and spans 57,407 square feet. The building features 88 affordable rental units, each averaging 798 square feet. A portion of these units will…

Celebrate ‘Archtober’ with architecture centered events at Flushing Town Hall this October

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Sep. 30, 2024 By Athena Dawson Flushing Town Hall is set to celebrate New York City’s Architecture and Design Month this October. The multidisciplinary performing arts venue hosts various events in partnership with AIA Queens- a chapter of the American Institute of Architects- and the Queens Foundation for Architecture.  Throughout the month of October, residents…

Queens, Brooklyn and Manhattan experiencing more competition in rental market: report

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Sep. 17, 2024 By Ethan Marshall Over the course of the summer of 2024, viewed as the peak rental season, Queens and Brooklyn each experienced sharp increases in competition among renters compared to the same time in 2023 and Manhattan maintaining a high degree of such competition, according to a Rental Competitiveness Report by…