Sep. 10, 2025 By Bill Parry Nearly 13 years after Superstorm Sandy crashed into the Rockaways, damaging or destroying nearly 1,000 homes and businesses along the 11-mile peninsula, a Neponsit house will be demolished by the city. Council Member Joann Ariola has been working with the city’s Department of Buildings (DOB) and the NYC…
Sep. 9, 2025 By Ethan Marshall Permits have been filed for the construction of a 9-story mixed-use building with 44 housing units on the vacant lot at 21-12 Cornaga Ave. in Far Rockaway. The proposed building would be 80 feet tall and yield 64,676 square feet of space. Residential space will account for 33,973…
Sep. 3, 2025 By Ethan Marshall Permits have been filed for the construction of a 4-story residential building with 18 housing units at 3-06 Beach 68th St. in Arverne. The proposed building would be 45 feet tall and span 11,550 square feet. With an average unit scope of 641 square feet, the 18 residences…
Sep. 2, 2025 By Ethan Marshall The average cost of homes for one to three families reached $1,013,558 in the second quarter of 2025, marking the first time that price has reached $1 million dating back to the second quarter of 2024, according to a report by the real estate firm Brown Harris Stevens.…
Aug. 13, 2025 By Ethan Marshall Rental properties across all of New York City experienced a slight jump in median asking rent from last year during the second quarter of 2025, which spans from April to June, according to a report by Realtor.com. There was a 3.7% year-over-year increase in asking rent for all…
Aug. 11, 2025 By Ethan Marshall After the average cost of rent in Queens exceeded $3,000 in June 2025, the number continued to rise in July, with average rents increasing across the board among studios, one-bedroom and two-bedroom units in the borough, according to a report by M.N.S Real Estate. The average rent in…
Aug. 6, 2025 By Ethan Marshall Construction has wrapped up for Robert C. Wood Apartments, an 8-story affordable and supportive housing complex with 147 residences at 18-26 Redfern Ave. in Far Rockaway. All 147 units will be permanently affordable. Additionally, the property also has a 100-bed women’s shelter, known as the Wanda Patterson Women’s…
Jul. 29, 2025 By Ethan Marshall The financial services provider Merchants Capital announced it has secured a $60.5 million balance sheet acquisition loan from Merchants Bank to finance the real estate developer Tredway’s purchase and preservation of Ocean Park Apartments, an affordable housing development with 602 units at 1-25 Beach 17th St. in Far…
Jul. 17, 2025 By Ethan Marshall The average cost of rent for apartments in Queens eclipsed $3,000 in June 2025, according to a report by M.N.S. Real Estate. Year-over-year, the average rent in Queens rose 3.49%, from $2,902 in June 2024 to $3,003 in June 2025. Studios, one-bedroom units and two-bedroom units all went…
Jul. 16, 2025 By Ethan Marshall By the end of June 2025, the median rental price of apartments across New York City reached a record high of $4,700, according to a report by the real estate site RentHop. Year-over-year, the median rent across the city rose 6.6%, from $4,409 in June 2024 to $4,700…