Feb. 13, 2025 By Ethan Marshall The average rent for studio, one-bedroom and two-bedroom units all increased year-over-year in Queens in January 2025, according to a report by the real estate firm M.N.S. Real Estate. The overall average rent in Queens increased from $2,781 in January 2024 to $2,902 in January 2025, marking a 4.38%…
Feb. 12, 2025 By Ethan Marshall The real estate and management platform Outpost Club offers various programs and benefits to help people find and better afford rentals across New York City. Outpost Club helps to provide furnished housing for prospective renters. They also put a lot of effort into screening potential tenants in order…
Feb. 11, 2025 By Bill Parry A disbarred Flushing-based attorney was sentenced in Brooklyn federal court last week to four-and-a-half years in prison for defrauding his real estate clients in the Korean-American community out of millions of dollars. Hyun W. Lee, 51, also known as “Michael Lee,” of Closter, in Bergen County, New Jersey,…
Jan. 30, 2025 By Ethan Marshall Queens accounted for ten of the 50 most expensive New York City neighborhoods to reside in 2024, according to a report by the real estate data site PropertyShark. Despite the borough’s prevalence on the list, none of its neighborhoods ranked among the top ten most expensive neighborhoods. Hunters…
Jan. 29, 2025 By Ethan Marshall Rent growth in Queens and Brooklyn slowed down substantially year-over-year in December 2024, compared to that of Manhattan, according to a report from the real estate listing site StreetEasy. The typical asking price for rent rose in Queens over this period of time by 3.7%, representing a much…
Jan. 15, 2025 By Ethan Marshall The year 2024 concluded with a notable shift in Northwest Queens’ rental market, as the area experienced its first yearly decline in median rent in several months, according to a report by the real estate firm Douglas Elliman Real Estate. The dip in December marked a significant moment…
Jan. 14, 2025 By Ethan Marshall Studio, one-bedroom, and two-bedroom rental units in Queens all saw year-over-year price increases by the end of 2024, according to a report by the real estate firm M.N.S. Real Estate. The overall average rental price for these residential units rose 3.85% year-over-year, from $2,780 in December 2023 to…
Jan. 8, 2025 By Ethan Marshall The first phase of construction of the Willets Point redevelopment, a two-building residential project just east of Citi Field, has passed the halfway point. When completed, both buildings will rise from a shared 1-story podium and be 12 stories tall. A total of 1,100 affordable units will be…
Jan. 3, 2025 By Ethan Marshall New York City experienced immense year-over-year growth in homes entering contract in November 2024, leading to a drop in available inventory, according to a report by the real estate listing site StreetEasy. Over this period, there was a 25.1% increase in homes entering contracts across New York City,…
Dec. 27, 2024 By Ethan Marshall The real estate listing site StreetEasy presented a series of predictions that 2025 may have in store for the market in New York City in a report by StreetEasy Senior Economist Kenny Lee. Lee came up with five big predictions following a year in which housing costs reached…