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NYC vacancy rates are so low—and affordable housing is so sparse—that a super PAC has formed to elect politicians to build more homes Sydney Lake March 25, 2024 at 11:50 AM
Not to mention, the new record-high vacancy rate is 50 basis points “above the recessionary peaks recorded in 1986 and 1991,” an analysis published earlier this week found.
In the prior quarter, as Fortune previously reported, the office vacancy rate had already reached 19.8%, which was 50 basis points above recessionary peaks recorded in 1986 and 1991, according to ...
Queensbridge Houses, also known simply as Queensbridge or QB, is a public housing development in the Long Island City neighborhood of Queens, New York City.Owned by the New York City Housing Authority, the development contains 96 buildings and 3,142 units accommodating approximately 7,000 people in two separate complexes (North and South). [1]
Long Island City: 96 6 3,142 March 15, 1940 the largest public housing complex in the United States. The oldest Public Housing development in Queens: Ravenswood Houses: Long Island City: 31 6 and 7 2,167 July 31, 1951 Redfern Houses: Far Rockaway: 9 6 and 7 604 June 1, 1959 Rehab Program: College Point: Shelton Houses: South Jamaica: 1 12 155 ...
Tenants voted in 2017 to convert the public housing project into private rental units and leave NYCHA management. Residents then set up the Forest Hills Mutual Housing Association to manage the property and sold a portion of the site to nonprofit housing developer Phipps Houses for $8.5 million.
For five years up until 2022, the housing vacancy rate in the largest U.S. cities fell from 9.3% to 7.3%. During that same period, the median sale price of a home in the U.S. jumped from $322,425 ...
Bayside is a neighborhood located in the New York City borough of Queens.It is bounded by Whitestone to the northwest, the Long Island Sound and Little Neck Bay to the northeast, Douglaston to the east, Oakland Gardens to the south, and Fresh Meadows to the west.