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ueens recorded the most foreclosures in NYC’s first quarter of 2025, with 165 in the borough—14 % fewer than 2024’s 191. The 11413 zip code of Springfield Gardens/Laurelton accounted for 14 of those. City‑wide foreclosures fell 7 % to 1,503, the lowest first‑quarter total since 2020.
PropertyShark’s 2024 data placed ten Queens neighborhoods among New York City’s 50 most expensive. Hunters Point topped the list at $1.167 M (down from $1.179 M) and was the only area with a price decline. East Flushing leapt from 102nd to 50th place, its median sales price rising 46 % to $880 K. Queensboro Hill, Fresh Meadows, Hollis Hills, Bayside, Auburndale, Rockwood Park, Belle Harbor, and Ditmars‑Steinway followed, with prices ranging from $930 K to $980 K.
A new 56‑story mixed‑use tower is under construction at 24‑19 Jackson Ave., Long Island City. Planned for 676 ft and 700,000 sq ft, it will house 600+ condos and 10,000 sq ft of retail. Development partners include Tavros Capital, Charney Companies, and Incoco Capital; the site was bought for $68.3 M in 2022. Chelsea Piers Fitness already secured a 72,000‑sq‑ft podium lease, featuring a gym, pool, and training spaces.
In June 2025, Resorts World Casino submitted a $5.5 B expansion proposal to the New York State Gaming Commission. The plan would add a 500,000‑sq‑ft gaming floor, 2,000 hotel rooms, a 7,000‑seat venue, 7,000 parking spots, 300+ food outlets, 3,000 workforce‑housing units, and 10 acres of greenspace. The commission approved the bid in December, granting a 15‑year license tied to third‑party monitoring and community‑benefit commitments.
The Willets Point Commons affordable‑housing complex opened its first‑phase lottery in December. The two‑building project offers 880 units—studios starting at $446/month to three‑bedrooms at $4,244/month—available to households earning 30–120 % of the area median income. 20 % of units are reserved for Queens Community Board 7 residents, 10 % for veterans or city employees, 5 % for mobility needs, and 2 % for sensory access. Amenities include green space, a market, courtyards, a fitness center, co‑working space, retail, bike storage, and EV charging.
The Metropolitan Park casino proposal, a Hard Rock‑backed project adjacent to Citi Field, received a 20‑year lease from the Gaming Commission. The $8.1 B development will convert 50 acres of parking into a casino, 25‑acre park, restaurants, a food hall, a 1,000‑room hotel (≈39 % suites), and a 5,600‑seat venue. It promises 23,000 union jobs, prioritizing local hires, and up to $1 B in community investment. Critics worry about targeting vulnerable residents and displacement, but the bid passed all approvals, including the City Council’s ULURP review.
