Ariel Property Advisors reviewed multifamily sales transactions for June, and according to them, “Queens had a robust month in terms of dollar volume.” Indeed, Queens saw $240.8 million in sales taking place across seven transactions. That’s a 503 percent dollar increase from May 2013 and a 3,848 percent increase from June 2012. Shimon Shkury, president of Ariel Property Advisors, said in a statement that this jump in dollar volume for multifamily transactions is “remarkable.” Impressive? Yes, but let’s not make too much of the percentage increases given the small number of transaction. After all, one of the seven deals included Treetop Development’s $85.25 million acquisition of Saxon Hall, a 16-story rental apartment complex located at 62-60 99th Street in Rego Park. The price in this case represents roughly $170 per square foot. For the sake of context, the entire city saw 55 multifamily transactions comprised of 84 buildings in the month of June for a total dollar volume of $929 million.
Edgemere Farm, a community farm in the Rockaways, just wrapped its first summer season. Rockawayist writes that the Thursday night farm dinners, which ran through the summer, have come to a wrap. But the farm will still be open on Saturdays to pick up fresh produce — right now there is a variety of tomatoes, […]
It looks like Independent Chemical Corp., which has operated on Cooper Avenue in Glendale for the past 50 years, is closing up shop in the neighborhood. The Daily News reports that the owner of the company told state inspectors from the Department of Environmental Conservation during a July checkup that it is “fully committed to […]
There’s a petition out for Astoria residents and dog owners asking for “an adequate area to allow their dogs to socialize and exercise off-leash.” The neighborhood doesn’t have a proper dog run, and the petition claims that Bugsy’s Dog Run near Astoria Park is beat up and in bad shape, and that the off-leash hours […]
Two local singing groups are looking for some treble, especially with Handel. The Oratorio Society of Queens and the Queens College Choral Society will hold open tryouts this month. More after the jump. Founded in 1927, the Oratorio Society of Queens consists of roughly 120 altos, sopranos, tenors, and bass singers who perform under the artistic direction of Maestro […]
We are madly in love with this Spanish Colonial home at 82-70 Beverly Road, in Kew Gardens. Just look at this thing! The unique facade boasts a tiled roof, oak doors and the original, restored glass windows. The interior is chock full of historic detail, which is remarkably well kept. Newer renovations brought in perks […]