Feb. 5, 2024 By Gabriele Holtermann Elmcor Youth and Adult Activities representatives, community members, and city and elected officials held a ribbon-cutting ceremony on Feb. 2 to celebrate the opening of Elmcor’s first supportive and affordable permanent housing development at 104-10 Northern Blvd. in Corona. The building, named after Helen M. Marshall, the first African-American… Read more »
Tag: real-estate
Average co-op in Sunnyside fetched $353K during January-August 2023, one-family houses approached $950K: report
Dec. 28, 2023 By admin Dec. 28, 2023 By Christian Murray The Sunnyside and Woodside residential real estate market has remained resilient over the past year despite a significant uptick in interest rates, according to a new report released by a western Queens real estate firm. The report, put out by Sunnyside-based Welcome Home Real… Read more »
One in three NYC homes on the market don’t sell: report
Nov. 6, 2023 By Ethan Marshall A study conducted by the New York City real estate firm StreetEasy concluded that 35.7% of previously-owned New York City homes on the market don’t get sold. StreetEasy also concluded that the average listing spends a median of 89 days on the market in New York City, compared to…
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NYC one of most expensive weekend city breaks in country, according to study
Aug. 23, 2023 By Ethan Marshall A study conducted by the travel information site Scott and Yanling concluded that New York City is the second-most expensive city in the United States where people can take weekend getaways. Scott and Yanling concluded it costs $1,291 to spend the weekend in New York City. The study was…
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THE COSTS OF CHANGE: NYC co-op and condo owners join forces with big real estate to soften Local Law 97
Aug. 16, 2023 By Ben Brachfeld and Christian Murray The city’s landmark building emissions law, Local Law 97, is set to go into effect next year, and the complex rule-making process has set off a frenzy of lobbying activity aimed at influencing and potentially weakening the statute aiming to help combat climate change. Local…
New real estate report shows increase in sales for Queens units
Aug. 8, 2023 By Ethan Marshall The real estate agency M.N.S. recently released its development sales report for the second quarter of 2023, which revealed not only a large increase in the sales volume of units, but also an increase in the median price per square foot in Queens. According to the report, the sales…
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Northwest Queens rentals increase 15.3% from last year: report
Jun. 12, 2023 By Julia Moro According to a new Douglas Elliman report, the median rent in the northwest region of Queens for the month of May was the second-highest on record, just short of the prior month’s record. The median rental price increased by 15.3% from the previous year. For the month of May, the…
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Less than 15% of NYC rentals are affordable to Black, Hispanic residents with median incomes: report
May. 9, 2023 By Julia Moro StreetEasy released a new report revealing a disturbing data point: the typical white household could afford five times as many market-rate rentals in New York City compared to the typical Black household and seven times as many as a Hispanic household. This new report, combined with data from the…
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New York City Football Club selects architect, contractor to build its new home at Willets Point
Apr. 21, 2023 By Bill Parry New York City Football Club (NYCFC) is moving forward with its plan to build a $780 million, privately-financed, state-of-the-art 25,000-seat soccer stadium at Willets Point. The 2021 Major League Soccer champions have selected HOK as the architect and Turner Construction Company as the general contractor to design and build…
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Queens real estate market recorded over $4.4 billion in 2022 transactions: Report
Feb. 21, 2023 By Danielle Louie The Queens real estate investment sales market recorded 659 transactions, totaling over $4.4 billion dollars in 2022, according to a report from Ariel Property Advisors. “Investment activity in Queens was fueled by the first half of 2022 which was the best half-year ever, both in transaction and dollar volume,” said…
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