Jun. 13, 2024 By Athena Dawson Department of City Planning Director Dan Garodnick spoke exclusively with QNS about the housing component of the mayor’s comprehensive City of Yes proposal. The City of Yes for Housing Opportunity is a zoning reform proposal put forward by the DCP that aims to address New York’s housing crisis by…
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Tag: real-estate-newsletter
Queens apartments have the smallest average size among all boroughs, third-smallest in country: report
Jun. 12, 2024 By Ethan Marshall The average size of apartments in Queens was the smallest among all New York City boroughs in 2023, as well as the third-smallest among cities in the United States, according to a report by the real estate firm RentCafe. At 692 square feet, Queens boasts slightly smaller apartments on…
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East Elmhurst community members rally to call for shutdown of local migrant shelter
Jun. 10, 2024 By Ethan Marshall The East Elmhurst Corona Alliance and Ditmars Blvd. Block Association partnered to hold a rally calling for the closure of an East Elmhurst migrant shelter on June 7. Formerly the Courtyard Marriott at 90-10 Ditmars Blvd., the building now serves as a migrant shelter and is cited as a…
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Queens real estate brokers voice opposition on broker fee legislation, cite risks of higher rents and scarce housing
Jun. 3, 2024 By Ethan Marshall Real estate brokers in Queens are speaking out against a proposed New York City Council bill to legislate broker fees for residential rentals. The bill, Intro 360, mandates that any representative or agent involved in a residential rental transaction collect their fees from the party that hires them, whether…
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Queens tenants file legal challenge against state agency, claiming unjust rent hikes
May. 31, 2024 By Ethan Marshall Tenants from a collection of rent-stabilized buildings in Queens gathered outside the offices of the New York Division of Homes and Community Renewal (DHCR) last Friday, May 24, to announce their plans to file an Article 78 legal challenge. The action seeks to compel DHCR to address and resolve…
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Six Queens neighborhoods rank among those with most excessive property fees in NYC: report
May. 30, 2024 By Ethan Marshall The Queens neighborhoods of Flushing, College Point, Glen Oaks, Jackson Heights, Briarwood and Jamaica Estates ranked within the top ten neighborhoods in New York City with the most excessive property fees, according to a report by the financial services company CashNetUSA. The property fees taken into account for this…
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Queens dominates list of NYC’s most sought-after neighborhoods for roommates
May. 22, 2024 By Ethan Marshall Among the five boroughs in New York City, Queens is found to have the most ‘up-and-coming’ neighborhoods for roommates, according to a report by the roommate finding site SpareRoom. This conclusion was reached based on an analysis SpareRoom conducted of over 15 million roommate searches on their site from…
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Rental prices in Queens increase over 4% year-over-year: report
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…
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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…
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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…
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