Tag: real-estate-newsletter

Landlords ignoring repairs ranked biggest problem New York State renters face: study

landlords

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

rental price

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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Rents drop in NYC for first time in eight months: report

first

Jan. 26, 2024 By Ethan Marshall The median rent price for one-bedroom and two-bedroom units in New York City both went down from December 2023 to January 2024, marking the first time since May that these prices went down month-over-month, according to a report by the real estate firm Zumper. The median rent for one-bedroom units in New York City decreased 2.9% from $4,161 in December 2023 to $4,040 in January 2024. Over the same period of time, two-bedroom units saw the median rent dip 6%, from $4,798 to $4,510. Despite the month-over-month decrease, New York City maintained its number…
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$12.3 million purchase of additional land for Willets Point redevelopment plan completed

purchase

Jan. 18, 2024 By Ethan Marshall The developers who plan to build a soccer stadium, affordable housing, retail space, open space, an elementary school and a hotel in Willets Point have purchased additional land where the ambitious project is slated to go. NYCFC, Sterling Equities and Related purchased two parcels in Willets Point for $12.3…
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Queens had more foreclosures than any other borough in 2023: report

queens

Jan. 17, 2024 By Ethan Marshall Queens had more foreclosures than any other borough in 2023, accounting for 39% of all cases across the city, according to a report by the real estate firm PropertyShark. Of the 1,620 foreclosures in New York City in 2023, 631 of them were in Queens, including 50 in Elmhurst. The Queens…
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Rental prices in Queens are up almost 5% from a year ago: report

Queens

Jan. 16, 2024 By Ethan Marshall The average rental price in Queens increased 4.76% over the past year, from $2,654 in December 2022 to $2,780 in December 2023, according to a report by the New York City real estate firm M.N.S. Real Estate. Studio, one-bedroom and two-bedroom units all experienced increases in rental prices across…
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Queens neighborhoods to lead NYC real estate resurgence in 2024: Report

neighborhood

Jan. 10, 2024 By Czarinna Andres Queens is poised to be the epicenter of New York City’s real estate resurgence in 2024, according to a report by the real estate firm Street Easy. The report, titled 10 NYC Neighborhoods to Watch in 2024, said that trendy sub-neighborhoods within Queens will be stealing much of the spotlight, noting that in 2023 many renters and potential buyers flocked to the borough in search of more affordable housing options. While Queens is expected to shine, the report also indicates that Manhattan may regain popularity among renters this year as rental prices begin to…
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Op-ed | New York City’s broken property tax system

property

Jan. 8, 2024 By Martha Stark For decades, it has been an open secret that New York City’s property tax system is inequitable and unfair. This regressive system, rooted in outdated and discriminatory policies, has not only exacerbated the housing crisis but also deepened the economic divide, disproportionately burdening lower-income and minority communities. Next week,…
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Citing unfair property tax system, coalition seeks to even the playing field

tax

Dec. 28, 2023 By QNS’s advertising partner As the City’s Finance Commissioner during the Bloomberg Administration, Martha Stark helped bring a new level of transparency to the property tax system. For the first time, owners were notified of the process and information that was used to assess their property taxes. Now, as the co-founder of…
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