FOR BREAKING NEWS VISIT www.queenscourier.com february 19, 2015 • REAL ESTATE • The Queens Courier 39 ▶ real estate New Edgemere residential building revealed BY LIAM LA GUERRE [email protected] @liamlaguerre Architects of a new mixed-use residential building in Edgemere released a rendering of the building, which the Department of Housing Preservation and Development recently filed applications to construct. The project will be an eight-story, 101-unit residential and commercial building on a vacant lot at 45-05 Rockaway Beach Blvd. Curtis + Ginsberg Architects LLP is the architect and GDSNY designed the façade, which has a sleek, modern look with metallic features. The project will dedicate 93,491 square feet for living space and nearly 500 square feet for commercial space, according to filings with the Buildings Department. And there will be a total of 35 parking spaces at the residence. Rendering courtesy of Curtis + Ginsberg Architects LLP THE KEY COULD BE THE KEY TO SELLING YOUR PROPERTY BY MINAS STYPONIAS More often than not, real estate agents receive a tremendous amount of resistance when asking for keys to show a property for rent or for sale. Owners who resist often find themselves and their properties being the ones that languish for longer periods of time on the market. As we all know, buyers and renters alike come in all shapes, sizes and forms and have varying schedules. Providing a trusted real estate agent with keys not only improves your prospects of having your property rented or sold in a more swift manner, but it also provides the real estate agent with an additional tool with which to afford all buyers and renters necessary accessibility. Allowing a prospective client to see things at a point in time when they are available is a very empowering thing for the agent and his overall morale with regards to servicing your needs. Nothing is more debilitating than having a client come in with the exact requirements of a listing you have available only to be unable to show them the listing due to lack of access. Oftentimes this can result in a client moving on to the next available property or seeking real estate services from another agent. In either instance the resulting outcome is that the listing suffers. Most owners are reluctant because they feel uneasy about having “strangers” enter their home without them present. This is why it is suggested that owners only provide keys to trusted agents, who provide them with their New York Department of State-issued Real Estate License upon request. The license is issued through the Department of State only to individuals who have met and sustained the necessary requirements for licensing within the state of New York. Individuals who have this card are bound not only by their fiduciary duties, but also by the legal ramifications, which are attached to their license should a complaint be filed against them. Individuals like me who practice real estate as a profession and not a hobby take great pride in not only maintaining their status but also in presenting their status to inquiring landlords and owners. So do yourself and your listing a favor and give your trusted real estate professional keys to access your property. It will not only strengthen your possibilities of meeting your real estate needs but will also strengthen your relationship with the real estate professional you have chosen to represent you. Photo courtesy of Minas Styponias What to know about Queens rents in January BY LIAM LA GUERRE [email protected] @LiamLaGuerre Overall most Queens renters didn’t see much of a change in rates from December to January as prices increased just 0.21 percent to $2,103.96. However, select areas experienced more significant changes, revealing important neighborhood trends, according to data from MNS Real Estate’s January Queens Rental Market Report. It’s back over $4,000 The most expensive rents for studios and one- and two-bedroom apartments can be found in Long Island City, as is the norm. But in January, the average rents of two-bedroom apartments in Long Island City climbed over the $4,000 mark for the first time since May of 2014 to an average of $4,044, according to the report. After hitting a low of $3,747 in June of 2014, prices fluctuated for a few months before slowly rising toward the end of the year. A bargain in Jackson Heights Tenants paid about an average of $1,514 for rental studios in Forest Hills in January, which is 6.62 percent less than the previous month and the largest percent drop that month. It was a significant decline in rates, but renters looking for a bargain should focus on Jackson Heights studios, where prices are $114 less at an average of $1,400 per month. Of the neighborhoods analyzed in the borough in January, Jackson Heights has the lowest prices for studios. Rocketing Rego Park Rego Park is continuing its hot streak. Average prices in the neighborhood are continuing to burn through residents’ wallets as new luxury units recently entered the market. For the month of January, average prices for twobedrooms in the neighborhood rose a whopping 17.1 percent during the month to $2,598. From November to December 2014, Rego Park rental studios saw an stark increase of 12 percent in average rents. Visit http://www.mns.com/ queens_rental_market_report to read the full report.
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