Station Square To Reopen In May, Restoration Of Brick Roadway Almost Complete

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The restoration of the brick roadway at Station Square is nearly complete and the historic area is expected to reopen to traffic in May.

The roadway at Station Square, which is located by the Forest Hills LIRR Station and is the main entry point to Forest Hills Gardens, has been undergoing a major revamp over the past year to prevent it from deteriorating beyond repair. Continue Reading ›

Celebrate The Great Outdoors On Two Wheels With Pedal For Parks In Astoria This Weekend

Photo via Wikimedia Commons

Spring is upon us, and what better way to celebrate the season than with a bicycle ride through some of Astoria’s parks?

The Friends of Astoria Heights will be hosting their second annual Pedal for Parks event on Saturday, May 12, from 10:15 to 11 a.m. Following the bike ride, attendees will also be able to participate in a Learn to Ride event, where they will receive information and giveaways. Event organizers suggest the bike ride for children older than 7 years old and adults. Continue Reading ›

These 6 Queens Neighborhoods Are Among The Best Home Seller’s Markets In New York: Report

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Six of the 10 most seller-friendly residential markets throughout the city for 2018 are located in Queens, according to a new real estate report.

Flushing was flagged as the No. 1 seller’s market for 2018 in StreetEasy’s Trends & Data report, published on March 8. In this neighborhood, residential properties spent an average of 52 days on the market in 2017. Approximately 11.4 percent of properties saw price cuts while on the market. Continue Reading ›

Attention, Brokers: The World’s Ultra-Rich Population Is Growing

NYC has the highest concentration of those earning $250K+ a year, per Knight Frank

The world’s population of ultra-rich is growing, and their real estate investments are pushing up real estate prices in cities from New York to Guangzhou, China.

According to Knight Frank’s 2018 wealth report, there were 2.5 million people with assets of $5 million or more last year — up 9 percent compared to 2016 and up 20 percent compared to five years earlier.

As for those with $50 million or more? There were 129,730 in 2017, a 10 percent jump from 2016 and 18 percent more than 2012, per Knight Frank. The world’s demi-billionaires — or those with $500 million or more — numbered 6,900 in 2017, up 11 percent from 2016 and 14 percent since 2012. Continue Reading ›