The Department of Buildings authorized about 4,900 units in 448 buildings in Queens last year, a jump of 64 percent from 2013 when the department approved 3,161 units, according to a New York Building Congress analysis released Thursday.
After years of fighting, a group of Willets Point auto shop owners has reportedly settled its lawsuit with the city and developers planning to redevelop the industrial land adjacent to Citi Field known as the “Iron Triangle.”
The MTA board voted Wednesday to transfer unused development rights from a Queens site it owns for $56 million to a firm that plans to construct the largest building in the borough, according to published reports.
Owning a home is a central part of the American Dream, and some veterans turned real estate agents are planning a free home buyer seminar at York College to help those who protect that dream afford homes of their own.
A Ridgewood apartment building recently sold for $21 million, which is more than double its last sale price in just three years, indicating the opportunity that real estate investors see in the neighborhood.
The owner of properties on Myrtle and St. Nicholas avenues in the heart of Ridgewood is planning to construct a 17-story residential rental tower with 130 apartments, according to a source close to the project.
The inventory of homes for sale in Queens is continuing to fall, driving higher prices throughout the borough, according to a monthly report on Queens homes sales by Keller Williams Realty Landmark II.