Queens multifamily vacancy fell to 2.08% in the second quarter of 2026 as the apartment construction pipeline reached its lowest level in at least a decade. The data point to continued housing demand across the borough while new development is expected to gradually rebuild supply.

Queens investment sales reached $2.6 billion in the first half of 2026, up 49% year over year. Development sites and several large transactions—including a major Flushing retail sale—were key drivers of the increase.

ARCFE has officially begun principal repayments for ARCFE Group 12. Two investors who satisfied the applicable repayment conditions set forth in the project documents have each received the full repayment of their $800,000 investment principal, for a combined total of $1.6 million. This marks the first ARCFE project launched following the enactment of the EB-5 Reform and Integrity Act of 2022 to enter the principal repayment stage—an important milestone in the full-cycle mana

The New York City Department of Housing Preservation and Development has selected a development team to transform a long-vacant public site in Hunter’s Point South into The Orion, a large mixed-use housing and community development in Long Island City. The selected team includes Slate Property Group, The Hudson Companies and Volunteers of America–Greater New York. Marvel Architects will lead the design, while Commonpoint Queens will operate several of the proposed community f

Demolition has been completed at 23-10 43rd Avenue in Long Island City, clearing the site for the future PS508Q public school building. According to New York YIMBY, the former five-story office building has been removed, although excavation for the new school has not yet begun. The approximately 0.49-acre site is located between 23rd and 24th streets within the Special Long Island City Mixed-Use District. Designed by ESKW/Architects for the New York City School Construction A

The rapid development of Long Island City (LIC) is poised to reach another major milestone as leading New York real estate developer ZD Jasper has officially submitted plans to the NYC Department of Buildings for a brand-new 23-story mixed-use tower. Strategically located at 35-25 Steinway Street in the highly sought-after Astoria-Queensbridge subdistrict of Queens, the proposed skyscraper will span approximately 142,701 square feet. This landmark project represents ZD Jasper

Construction at 30-25 Queens Boulevard in Long Island City has risen above street level. The 46-story mixed-income tower, backed by $388.5M in financing, will deliver 561 residences and luxury amenities by 2028.

New York City's residential development is experiencing an unprecedented boom, defying national cooling trends and establishing the metropolis as the nation's leader in multifamily construction. According to the latest data from the NYC Department of City Planning, a staggering 38,682 new housing units were completed in 2025. This represents a substantial increase from the 33,859 units delivered in 2024, marking the highest single-year completion total since 1965 and the seco

The Long Island City residential market continues to attract premier global financial institutions as a high-performing multifamily asset secures a substantial refinancing package. Prominent developers Slate Property Group and Avenue Realty Capital have successfully secured an $86.25 million loan to refinance Dutch House, an eight-story premium multifamily property located in Long Island City, Queens. The substantial debt package was provided by Ares Capital Management, one o