Average Home Prices Hit Record Highs in Brooklyn, Queens and Bronx
While all five boroughs saw average home prices increase in the third quarter of 2016, compared to the year before, three boroughs set new records, according to a report released Monday from the Real Estate Board of New York. Average prices in Brooklyn reached $891,000 in the third quarter, $523,000 in Queens and $400,000 in The Bronx — all marking the highest prices since REBNY began tracking the data 10 years ago. Overall, the average sales price in the city jumped 11 perce
See New Renderings of Massive Towers Coming Near Jamaica Queens AirTrain Station
QUEENS — Architecture company FXFOWLE has released new renderings of a massive two-tower mixed-use complex planned for the Jamaica AirTrain station area. Courtesy of FXFOWLE The renderings, first reported by Buzz Buzz Home, show the 730,000 square-foot complex, planned for 93-01 Sutphin Blvd., on the north side of the Long Island Rail Road and AirTrain stations. The project, which local officials called the largest private investment in Downtown Jamaica in decades, will consi
Brooklyn civil court consolidates real estate foreclosures.
Nearly a decade after the start of America’s historic housing crash, the nightmare continues for forgotten homeowners behind in their mortgage. The list of pending home foreclosures before Brooklyn Supreme Court Justice Noach Dear on Tuesday morning was enough to take your breath away. Around 11:30 a.m., a clerk in Dear’s packed courtroom at 360 Adams St. announced the cases still to be heard. There was Bank of America vs. Vazquez, Bank of New York vs. Antigone, Citi Mortgage
Downtown Jamaica is getting 177 affordable rentals to boost Queens Real Estate
Downtown Jamaica, Queens will soon see a new residential building that will offer 177 affordable units on what is currently a parking lot at 89-50 164th Street, between 89th and Jamaica avenues, currently owned by the First Presbyterian Church of Jamaica, reports DNAinfo. The building will stand 12 stories tall and based on the application filed with the Department of Buildings, it will offer 14,616 square feet of commercial space, a 63-car garage, and a 9,261-square-foot com
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