Apr. 2, 2024 By Ethan Marshall From 2012-2022, the housing stock in Queens County increased 8.5%, according to a study by the construction software, insurance and related services organization Construction Coverage. The percentage increase over the 10-year-period is the same as that of the entire country, based on the study where nearly 800 counties were…
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Tag: real-estate-newsletter
Cord Meyer Development Company celebrating 120th anniversary
Mar. 27, 2024 By Ethan Marshall As Cord Meyer Development Company celebrates its 12oth anniversary, its impact on Queens cannot be overstated. Built on decades of accomplishment, the company remains firmly focused on the future, here in Bayside and beyond. Cord Meyer Development was officially incorporated in 1904 but its roots trace back to the…
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Queens dominates list of NYC’s smallest condos: Report
Mar. 19, 2024 By Ethan Marshall Five neighborhoods in Queens were found to be among the 10 areas citywide that have the smallest median condo size, according to a recent report by the real estate firm PropertyShark. The neighborhoods included South Astoria, Maspeth, Old Astoria, Long Island City and Kew Gardens Hills. South Astoria, which the report defines as the southeast section of the neighborhood, was ranked as having the smallest median condo sizes in all of New York City, at just 631 square feet. Maspeth placed fourth on the list with a median condo size of 671 square feet;…
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Average rental price in Queens rose over 3% year-over-year in February 2024: report
Mar. 13, 2024 Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units in Queens all increased from February 2023 to February 2024, according to a report by the real estate firm M.N.S. Real Estate. The overall average cost of rent for these types of units increased 3.1% over this span, from $2,715 in 2023 to $2,800 in 2024. The Ridgewood neighborhood saw the largest month-over-month rental price increase at 5.32% . Studios experienced the most significant increase in rental price. The average rental price for these units in Queens rose 6.11% year-over-year, from $2,169 last year to…
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Affordable housing lottery opens in Hollis, rent set at $2,300
Mar. 12, 2024 By Ethan Marshall A total of 15 affordable units are up for grabs at a development in southeast Queens, with a monthly rent of $2,300. The affordable units are part of a 7-story building spread across a block in Hollis at 188 Hillside Ave. The development, known as Q-188, has a total…
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New York’s senior citizens rally for housing repairs, oppose funding cuts to aging services
Mar. 11, 2024 By Czarinna Andres and Lloyd Mitchell Senior citizens and community organizations across New York held a rally at Queens Borough Hall in Kew Gardens on Thursday, where they called for senior centers to be repaired and upgradedāand for the better services for older adults. Representatives of LiveOn NY, an advocacy group representing more than 4 million seniors and 120 living centers throughout the state, led the rally where the attendees demanded structural repairs and upgrades of senior center complexes. They also seek an increase in staffing to meet the needs of the growing senior population. The attendees…
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Willets Point development clears latest hurdle in the public review process with unanimous approval of the City Planning Commission
Mar. 7, 2024 By Bill Parry The massive Willets Point redevelopment project passed another key milestone Wednesday when the City Planning Commission voted unanimously to approve phase two of the plan that calls for a 25,000-seat soccer-specific stadium, 1,400 units of affordable housing, a 250-room hotel, a 650-seat public school, 80,000 square feet of retail…
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Landlords ignoring repairs ranked biggest problem New York State renters face: study
Feb. 8, 2024 By Ethan Marshall The most common complaint tenants in New York State have with their landlords deals with the avoidance or mishandling of repairs, according to data collected by the moving resource site moveBuddha. This conclusion was drawn based upon an analysis of reviews by renters on the crowdsourced landlord review site…
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Average rental price in Queens remained static in January 2024: report
Feb. 7, 2024 By Ethan Marshall The average rental price in Queens remained mostly static in January 2024 compared to December 2023, according to a report from the real estate firm M.N.S. Real Estate. There was only a 0.02% increase over that time period, with the average rent going from $2,780 to $2,781. Studio units…
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Median sales price for new condos increased in Queens during final quarter of 2023: report
Feb. 7, 2024 By Ethan Marshall The median sales price for a unit in a brand-new Queens condo development increased in the fourth quarter of 2023 compared to the third quarter, according to a report by the real estate firm M.N.S. Real Estate. Over this span, the median price jumped 15.5% to $889,516 in the…
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