In front of hundreds of real estate industry members at the LIC Partnership’s ninth annual real estate breakfast on Wednesday, experts agreed that it’s a good time for the area as it blooms into one of New York’s most desirable neighborhoods, and that real estate activity is set to multiply.
Edgestone Group, which owns the 18-acre vacant Waterpointe site at 151-45 6th Rd., plans to construct 107 residential buildings on it — more than double the number of units that were originally promised for the property years ago.
An Ozone Park home in foreclosure, which squatters use to sell drugs, has been the target of police investigations and raids for years — yet it’s still terrorizing the neighborhood, while the process to reclaim the home is ongoing.
A pizza-slice-shaped block in Ridgewood with two one-story buildings is being marketed for about $5 million as the real estate market in the neighborhood continues to boom, following recent big transactions and plans to construct large developments.
Homebuyers have the opportunity to own a classic Forest Hills home now that 69-54 Ingram St. just hit the market. The large four-bedroom house has been preserved to highlight not only its ambassadorial style architecture, but also its interior, as some furnishings are originals of the 75-year-old house.
Construction is in full swing to add a rooftop bar and a 125-seat second floor party room and to renovate the bistro’s façade to give it more of a southern flair in tune with its namesake street in New Orleans’ French Quarter.
Not long after starting marketing for the newest condo building in Long Island City, real estate brokerage Modern Spaces announced Thursday yet another condo in the hot neighborhood that will begin marketing shortly.
Signaling the beginning or a new era for Jamaica, politicians and community leaders announced Wednesday the launch of the Jamaica Now Action Plan, which is designed to revitalize the neighborhood through promoting development, events and jobs.
After months of collecting data for the Bayside Village Business Improvement District (BID) parking study, consulting firms VHB and Desman Associates can clearly show how desperate the area is for more parking.