The Department of Housing Preservation and Development released a list of vacant, city-owned properties for the construction of affordable housing across the five boroughs last week, including 17 sites in Jamaica, which are the only Queens locations.
The glassy, newly constructed 16-16 Whitestone Expwy. building boasts about 60,000 square feet for office space, half of which will be occupied by the owner, the International Union of Operating Engineers Local 30 Pension Trust Fund.
A native of Whitestone, Frank J. Monterisi, Jr. returned to his hometown to manage the Hunter’s Point South Living development in Long Island City, which will bring 925 permanently affordable apartments to the area. However, there were nearly 93,000 applicants for those units.
Rents in Ridgewood last year nearly doubled since 2009, according to data compiled by real estate website StreetEasy.com at the request of The Courier, as more luxury rental buildings moved down the L and M train lines from Bushwick and Williamsburg.
The Sutphin Boulevard Business Improvement District (BID) announced it will divide a $95,000 grant from the city’s Small Business Services department (SBS) among five businesses on the boulevard for projects that revitalize storefronts.
Not only will the Foral Park building complex be marking its 40th birthday in 2015, but the towers were New York City’s most popular buildings in terms of sales by a wide margin last year, according to a published report based on data from real estate website PropertyShark.
The Real Estate Board of New York released its 2014 fourth quarter home sales report for the five boroughs on Tuesday, which showed that homebuyers spent nearly $10 billion in New York City during the final three months of the year.
The School Construction Authority signed a 10-year lease for a one-story Richmond Hill building and plans to create space for a pre-kindergarten at the site, which was formerly a warehouse for arcade vending machine supplier Bay Coin Distributors.