The City University of New York (CUNY) is aiming to check in to the borough’s new hotel hotspot. CUNY recently sent out a request for proposal (RFP) to hospitality industry consultants, seeking ideas on how to develop its lot on Skillman Avenue in Long Island City nearLaGuardia Community College — with the goal of building [...]
Listing your home now rather than waiting for the start of the traditional spring home-buying season could be a smart decision. On average there are fewer homes for sale in January/February and a house that is priced right and staged well will stand out even more with less competition. Lenders, home inspectors, movers and other [...]
One of the key drivers of homes sales, the employment rate, is beginning to show promising signs of a turnaround. The four-week average for jobless claims, as of November 19, was 394,250, a drop of 3,250 from the previous four weeks, and at the lowest levels since April. Consumer confidence also rose 15 points in [...]
In the November 30 Wall Street Journal article “Home Prices Edge Downward,” the S&P/Case Shiller home price indexes show that New York metropolitan area home prices have declined 2.6 percent since September 2010; many metro areas have seen steeper declines. National statistics show home values are down 31 percent from their 2006 peak. It is important to [...]
A taxi cab fleet owner told that when he first came to NYC in 1986, he drove someone else’s cab, and by 1994, he managed to own two, managing the business best he could after long shift behind the wheel. By the late 1990’s he owned several and using cell phone and computer, he was [...]
It is difficult to pinpoint what one technological advance made the greatest impact on the good ole, brick-n-mortar and relationship-based real estate industry. The Internet made access to information easy and universal. As recently as 20 years ago, a handful of commercial firms and a few hundred residential firms controlled 90-plus percent of the real [...]
I recently went on vacation to South Florida to visit family and take in the sun before winter takes full hold of us in New York. But as one addicted to work, I always find myself talking to locals about real estate related topics, regardless of where I travel. And, as if work had to [...]
Last week’s State of the State address by Governor Andrew Cuomo promised big things for Queens, chief among them building the country’s largest convention center on the former site of the Aqueduct Racino. The 3.8 million-square-foot convention center would accommodate the nation’s largest events, up to 3,000 hotel rooms and many restaurants, and create new [...]
House hunters searching for outer-borough bliss may soon find sanctuary on a scenic Whitestone cove, as 13 acres of waterfront property — the single largest building site in the borough — is now for sale. The site, located at 151-45 6th Road, is currently overseen by real estate agent Stephen Preuss of Massey Knakal Realty [...]
The proposed development of a rarely traversed section of Astoria may “point” to significant upgrades in amenities for the neighborhood. The Lincoln Equities Group, a real estate company based in New Jersey, hopes to build seven residential towers, dubbed Hallets Point, a supermarket and a waterfront park along the East River. Hallets Point, which would [...]