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.
The New York Transit Museum Gallery Annex at Grand Central Terminal is opening a new exhibit that examines the futuristic visions of transportation at the 1939 and 1964 World’s Fairs. It’s a collection of postcards, photos, video, ephemera and souvenirs that show how transportation was a symbol for the future. The ’39 Fair showcased airplane […]
This afternoon, Queens Parks Commissioner Dorothy Lewandowski, Borough President Melinda Katz, Council Member Elizabeth Crowley, and members of Queens Community Board 5 celebrated the opening of renovated, expanded bocce courts at Juniper Valley Park. The courts are located on the corner of Juniper Boulevard North and 79th Street, in Middle Village. There are now three […]
Yesterday, the folks behind the restaurant Mundo posted the above photo to their Facebook account. It’s a very promising glimpse of their new space at the Paper Factory Hotel; the popular restaurant is relocating from Astoria. The blog We Heart LIC has tracked the opening with anticipation, and posted this video interview with the owners […]
Kiefer Sutherland, Andre the Giant, Molly Ringwald, and a great white shark are coming to Queens this summer. So are some surfing penguins, college-educated monsters, and an evil hairless Sphinx cat. With support from local businesses and the NYC & Co. Foundation, the Rockaway Civic Association is hosting Beach Flix 2014, a series of free movies screened at […]
It must be Classics Week, as Shakespeare, the Beatles, Godzilla, The Wizard of Oz, Fiddler on the Roof, and a multi-day Latin cultural festival come to town. Fun-seekers can also enjoy outdoor movies, concerts and festivals and indoor lectures on such topics as feral cats, the environment, and the Holocaust. Here’s the rundown, broken down […]