Tag: real-estate-newsletter

NYS launches ‘Be Your Own Boss’ campaign to promote licensed professions

Barber trimming a customer’s beard at a barber shop, small business

Dec. 11, 2024 By Iryna Shkurhan In response to a growing gig economy, the New York State Dept. of State recently launched a new campaign to promote jobs that require a state-issued license.    The ‘Be Your Own Boss’ campaign is a public service message to inform New Yorkers about the dozens of licensed professions…

City Council passes package of flood protection bills authored by Council Member Gennaro

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Dec. 11, 2024 By Athena Dawson The New York City Council passed a package of bills on Thursday, Dec. 5, aimed at addressing increasing flooding issues across the city. The legislation, Intro 0814 and Intro 0815, was introduced and authored by Council Member James F. Gennaro, who represents District 24, covering neighborhoods such as Briarwood, Fresh…

Divided support in Queens: City Council approves Mayor Adams’ ‘City of Yes’ plan despite opposition from half of Queens Council members

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Dec. 6, 2024 By Colum Motherway Mayor Eric Adams’ controversial zoning reform plan, “City of Yes,” was approved by the New York City Council on Thursday, Dec. 5, with a 31-20 vote. The approval marks a significant step in the city’s efforts to address its ongoing housing crisis, though it remains highly contentious, particularly…

Permits filed for new 9-story residential building in Flushing

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Dec. 4, 2024 By Ethan Marshall Permits have been filed for the construction of a new 9-story residential building at 35-20 149th St. in Flushing. Located between 35th Avenue and Northern Boulevard, the proposed development would rise to a height of 91 feet and provide 23,102 square feet of residential space spread across 29…

Queens CB 3 approves zoning changes for $8 billion Metropolitan Park development amid heated debate

Michael Sullivan, chief of staff to Steve Cohen, delivers a Metropolitan Park presentation to CB 3 on Thursday night. Photo: Shane O'Brien

Nov. 25, 2024 By Shane O’Brien Queens Community Board 3 voted overwhelmingly to approve modifications to zoning regulations for the planned $8 billion Metropolitan Park development at a fiery monthly meeting at Queens Public Library (QPL) Langston Hughes Thursday night. More than 100 people crowded into the auditorium at QPL Langston Hughes at 100-01…

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,…