May. 22, 2024 By Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units in Queens increased 4.32% year-over-year in April 2024, according to a report by the real estate firm M.N.S. Real Estate. Studios in Queens had by far the biggest jump in rental price, rising 10.19% year-over-year, from $2,128 in April…
Read More
Tag: real-estate-newsletter
NYC’s rent skyrockets over seven times faster than wages, widest gap in U.S.: Report
May. 15, 2024 By Ethan Marshall New York City suffered the largest gap between the amount of growth in wages and the increase in rent across the United States from 2022 to 2023, according to a study by the real estate listing information firm StreetEasy and the real estate marketplace company Zillow. Among the metro…
Read More
Queens building boom slows: Lowest development permits issued since 2016
May. 10, 2024 By Ethan Marshall Queens residents can expect a slowdown in the amount of new development in the coming years. The number of building permits issued in Queens in 2023 was the lowest since 2016, with developers obtaining 3,834 permits in the borough last year, according to a report by the New York City…
Read More
Property management platform Outpost Club leads the way in affordable urban living, merging co-living and co-working in NYC
Apr. 29, 2024 By Ethan Marshall As New York City tries to provide more affordable housing to its residents, the real estate and management platform Outpost Club has been hard at work creating affordable housing dwellings. The Outpost Club is redefining urban living in New York City by merging co-living and co-working under one roof….
Read More
Housing lottery opens for 17-story mixed-use building in Far Rockaway, rent starts at $617
Apr. 24, 2024 By Ethan Marshall New York City has launched a housing lottery for 134 units in the 17-story mixed-use building The Peninsula A1, also known as Edgemere Commons Apartments, at 51-23 Beach Channel Dr. in Far Rockaway. The Peninsula A1 has 194 apartments, 60 of which are market rate. The 134 affordable units…
Read More
New York City FC marks new stadium approval with win at Citi Field; Moves up in Eastern Conference
Apr. 23, 2024 By QNS News Team New York City Football Club (NYCFC) celebrated the recent approval of a new 25,000-seater stadium in Willets Point with a 2-0 victory over DC United at Citi Field on Saturday, Apr. 20. Goals from Santiago Rodriguez and Julián Fernández gave NYCFC a deserved victory that saw them leapfrog…
Read More
Queens was the only NYC borough to experience year-over-year increase in new listings in March 2024: report
Apr. 22, 2024 By Ethan Marshall While New York City as a whole has experienced a decline in the number of housing units on the market over the past year, the borough of Queens has bucked the trend. Unlike the other boroughs, Queens experienced an increase in new listings in March 2024 compared to March…
Read More
Average rental price in Queens increases nearly 3.5% year-over-year: report
Apr. 16, 2024 By Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units across Queens increased 3.42% year-over-year from March 2023 to March 2024, according to a report released by the real estate firm M.N. S. Real Estate. Studios experienced the most significant year-over-year increase, with the average rental price rising 7.2%,…
Read More
Northwestern Queens rentals experience spike in new leases from March 2023 to March 2024: report
Apr. 12, 2024 By Ethan Marshall The number of new leases of residential units nearly doubled to the highest on record from March 2023 to March 2024, according to a report by the real estate agency Douglas Elliman. During the same period of time, the median rental price for units in northwestern Queens decreased slightly….
Read More
Queens had most foreclosures among NYC boroughs in first quarter of 2024: report
Apr. 10, 2024 By Ethan Marshall Queens accounted for the most foreclosures among the New York City boroughs in the first quarter of 2024, with 191, according to a report by the real estate agency PropertyShark. These 191 foreclosures accounted for 45% of the 424 cases that occurred in New York City this quarter. Its…
Read More