Tag: real-estate-newsletter

Queens lawmakers applaud passage of property tax exemption bill for fully disabled veterans

property tax exemption

Jun. 24, 2025 By Czarinna Andres Queens lawmakers are celebrating the passage of a long-sought bill that would provide a full real property tax exemption for veterans with a 100% service-connected disability—a significant measure aimed at easing the financial burdens of some of New York’s most severely injured service members. State Senator Joseph P.…

Northwest Queens rental inventory nearly doubles year over year: Report

northwest queens

Jun. 12, 2025 By Ethan Marshall Northwest Queens experienced a massive surge in its listing inventory in May 2025, compared to the same month the previous year, according to a report by Douglas Elliman Real Estate. The listing inventory in northwest Queens, which includes the neighborhoods of Astoria, Long Island City, Sunnyside, and Woodside, nearly doubled…

Home prices more than doubled in 7 Queens neighborhoods in 10 years: report

home prices

Jun. 4, 2025 By Ethan Marshall Home prices more than doubled in 24 neighborhoods across New York City over the past decade—including seven in Queens—according to a new report from real estate research site PropertyShark that highlights dramatic shifts in the city’s housing market between 2014 and 2024. The Queens neighborhoods to experience this…

NYC’s largest housing voucher program faces legal challenge, budget strain

CityFHEPS

Jun. 3, 2025 By Shane O’Brien As New York City grapples with the ongoing housing crisis, CityFHEPS, a city-funded voucher program for low-income households, has played an increasingly prominent role in securing housing for some of the poorest residents in the city. But the program, which has grown astronomically since its inception in 2018,…

Gianaris, Rosenthal introduce legislation to reshape NYC Rent Guidelines Board, describe system as ‘broken’

rent guidelines board

May. 27, 2025 By Shane O’Brien State Sen. Michael Gianaris has joined Manhattan Assembly Member Linda Rosenthal to introduce legislation to reform the Rent Guidelines Board, the board that determines how much landlords can hike rents each year on the city’s nearly 1 million rent stabilized apartments. Gianaris and Rosenthal are critical of the…

Poverty among Queens seniors surges nearly 50% over the past decade: Report

queens seniors

May. 21, 2025 By Ethan Marshall Queens seniors, defined as those at least 65 years of age, are finding it more difficult to stay afloat financially, compared to a decade ago, according to a report by the Center for an Urban Future (CUF), a nonprofit that works to reduce inequality, increase economic mobility and…

USTA unveils $800M renovation of Arthur Ashe Stadium to enhance US Open experience

US open

May. 20, 2025 By Shane O’Brien The United States Tennis Association (USTA) has announced an $800 million investment, unveiling plans to reimagine Arthur Ashe Stadium and construct a cutting-edge Player Performance Center to elevate the US Open’s global stature and athlete experience in Flushing. The investment, which represents the largest single investment in US…