Tag: real-estate-newsletter

Micro units account for over 40% of NYC’s rental supply pipeline: report

micro units

Jul. 2, 2025 By Ethan Marshall New York City ranks among the top major cities in the United States in the number of rental units that are undersized, and nearly half of the units in the pipeline there are planned to be micro units, according to a report by storage space marketplace Storage Cafe.…

Metropolitan Park team officially submits application to New York State ahead of deadline

metropolitan park

Jun. 27, 2025 By Shane O’Brien The team behind Metropolitan Park – led by New York Mets owner Steve Cohen and Hard Rock International – has officially submitted an application to the New York State Gaming Facility Location Board for one of three downstate gaming licenses. The application, which came ahead of Friday’s deadline…

Selfhelp Realty in Flushing awarded $1M for all-electric senior housing project

selfhelp

Jun. 25, 2025 By Ethan Marshall The non-profit developer Selfhelp Realty Group announced it has received $1 million in funding from the New York State Energy Research and Development Authority (NYSERDA) to support the construction of Kissena House, an upcoming 110-unit, all electric, energy-efficient building for low-income seniors at the intersection of 45th Avenue…

Queens lawmakers applaud passage of property tax exemption bill for fully disabled veterans

property tax exemption

Jun. 24, 2025 By Czarinna Andres Queens lawmakers are celebrating the passage of a long-sought bill that would provide a full real property tax exemption for veterans with a 100% service-connected disability—a significant measure aimed at easing the financial burdens of some of New York’s most severely injured service members. State Senator Joseph P.…

Home prices more than doubled in 7 Queens neighborhoods in 10 years: report

home prices

Jun. 4, 2025 By Ethan Marshall Home prices more than doubled in 24 neighborhoods across New York City over the past decade—including seven in Queens—according to a new report from real estate research site PropertyShark that highlights dramatic shifts in the city’s housing market between 2014 and 2024. The Queens neighborhoods to experience this…

NYC’s largest housing voucher program faces legal challenge, budget strain

CityFHEPS

Jun. 3, 2025 By Shane O’Brien As New York City grapples with the ongoing housing crisis, CityFHEPS, a city-funded voucher program for low-income households, has played an increasingly prominent role in securing housing for some of the poorest residents in the city. But the program, which has grown astronomically since its inception in 2018,…

Ramos disappointed by Senate vote but ‘stands on principle’ in opposing Metropolitan Park casino parkland bill

ramos

May. 30, 2025 By Shane O’Brien State Sen. Jessica Ramos expressed her disappointment following the State Senate’s approval of parkland alienation legislation for the $8 billion Metropolitan Park casino project earlier this week. Ramos was one of only five lawmakers to vote against the bill during Tuesday’s Senate session, where 54 senators voted in…