Another Astoria waterfront warehouse for sale, likely to become condos


| lguerre@queenscourier.com

Photo courtesy of Massey Knakal

The owner of another Astoria waterfront site with potential for a large development could sell the property for four times its last selling price as the neighborhood continues its hot streak.

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Five humongous Queens homes listing under $1M


| lguerre@queenscourier.com

Photos courtesy of Multiple Listing Service and PropertyShark

While new apartments in Queens are getting smaller so developers can maximize profits, the borough still has a treasure trove of spacious gems in older homes that offer prospective owners the best bang for their buck.

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Queens industrial property values are on the rise: report


| lguerre@queenscourier.com

Photo courtesy of Scott Bintner/PropertyShark

The slimming inventory of industrial facilities and high demand has led to a 48 percent bump over the year in average prices for industrial properties in the borough, according to real estate services firm JLL’s third quarter market report.

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Flushing community criticizes modern look of planned building


| ejankiewicz@queenscourier.com

Renderings courtesy of Raymond Architecture

Great Wall Supermarket, on Northern Boulevard and Leavitt Street, will be replaced next year by a glass-clad, 11-story building after the supermarket’s owners decided to not renew the lease, according to city records.

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The challenge of buying in Jackson Heights: Q&A with Michael Carfagna


| lguerre@queenscourier.com

THE COURIER/Photo by Liam La Guerre

Michael Carfagna, principal and founder of MPC Properties LLC, has been selling real estate in Jackson Heights for the past 16 years. He recently spoke to Real Estate Editor Liam La Guerre about the inventory issue in the neighborhood.

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Astoria rental prices drop in November: report


| lguerre@queenscourier.com

Chart courtesy of MNS Real Estate 

While the overall average rates of rents in Queens increased for a second consecutive month, prices in Astoria saw a decline in November for various sizes of apartments, according to MNS Real Estate’s monthly Queens Rental Market Report.

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Plans resume to turn historic T Building into affordable housing


| ejankiewicz@queenscourier.com

THE COURIER/Photo by Melissa Chan

A proposal to turn the historic T Building on Queens Hospital Center’s grounds into 206 units of affordable housing has resumed after several years of missteps and controversy, according to local leaders and a politician.

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Forest Hills Tudor co-op complex getting $5M in repairs


| lguerre@queenscourier.com

Photo courtesy of Christopher Bride/ PropertyShark 

The Tennis View Apartments at 4 Dartmouth St., which were built in 1917, according to a representative at National Cooperative Bank (NCB), have deteriorating roofs. The co-op recently borrowed the money from NCB to revitalize the roofs and modernize the elevators.

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Bringing down rents can raise income for landlords


By Queens Courier Staff | editorial@queenscourier.com

Photo courtesy of Modern Spaces

BY MINAS STYPONIAS

Fall marks a time when everyone enjoys the changes in the surrounding foliage— everyone except homeowners with pending apartment vacancies. For them, fall and winter is a time when rental inventory builds and rental prospects thin out.

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New Elmhurst luxury rental building The Elm West revealed


| lguerre@queenscourier.com

Renderings courtesy of Pi Capital Partners 

The developer of The Elm East, an Elmhurst luxury building located at Broadway and Queens Boulevard, has revealed renderings for a project planned across the street that it is calling The Elm West.

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Partially developed controversial Dutch Kills hotel for sale


| lguerre@queenscourier.com

Rendering courtesy of Massey Knakal

With more than 20 new hotels opened over the last five years, the area has become a hot hotel market, and owner Steven Baharestani of Dutch Kills Partners LLC is hoping to sell the yet-to-be completed hotel to the highest bidder.

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Con Edison admin appointed next Real Estate Board of New York president 


| lguerre@queenscourier.com

Photo courtesy of Real Estate Board of New York

John Banks, vice president of government relations at Con Edison, will officially begin his new position next year after current President Steven Spinola steps down.

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