NYC’s top 10 wealthiest ZIP codes will surprise you

February 20, 2017 | by Diane Pham
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There’s no argument that Tribeca is home to the priciest real estate in all of New York City, but when it comes to wealth as measured by median net worth and household income, its residents don’t even register in the top 10. A new study by ESRI conducted for the NY Business Journal reveals that 11363—or Little Neck, Queens (where Governor Cuomo once owned a mansion, to give you and idea)—is, in fact, New York’s richest ZIP code. Here, the median household income clocks in at an impressive $94,192 with median net worth reaching $326,104. A mansion in 11363, Douglaston, Little Neck, Queens Several Manhattan ZIP codes did come in at the top, but they might not be the ones you’re thinking. According to Esri, the 10 w... Read More

Top 10 biggest real estate projects coming to NYC

August 15, 2016 | by Kathryn Brenzel
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The largest New York City real estate developments proposed in permit applications last month included a tennis stadium and one of famed architect Zaha Hadid’s final designs. The largest new development permit filed last month was for the Louis Armstrong Tennis Stadium, which is part of the U.S. Tennis Association’s Billie Jean King National Tennis Center in Flushing Meadows-Corona Park in Queens. The new stadium will replace the original, which was built in 1964 for the New York World’s Fair and then became the centerpiece of the U.S. Open before the facility was expanded in 1997, according to the USTA’s website. The new stadium is slated to be ready for the 2018 U.S. Open. Four of the top 10 largest projects proposed last mont... Read More

Sales Spike In The Bronx and Staten Island As NYers Seek Affordability

May 22, 2016 | by Tanay Warerkar
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Home sales on Staten Island, and the Bronx experienced significant gains compared to the rest of the city, the New York Post reports, based on recent findings released by the Real Estate Board of New York (REBNY). Sales in the Bronx and Staten Island increased by 35 percent in the first quarter of 2016. "With growing interest and activity, particularly in the Bronx and Staten Island, home buyers are finding and being attracted to more options at various price levels throughout all five boroughs," sJohn Banks, III, the president of REBNY, said in a press release. "The demand for housing continues to resonate throughout New York City and the strong residential sales activity throughout the city is driving healthy overall price increases."... Read More