545,000+ jobs across 47,000 industrial businesses are the backbone of NYC’s economy—and the Industrial Plan strengthens this foundation. With final adoption by end of 2025, the Plan sets the stage for a new era of industrial investment, freight efficiency, and climate resiliency. What are the 5 Bold Goals of this Plan?
We at the New York City Commercial Real Estate Advisors (NYCCREA) brokers are excited to share why Atlantic Avenue is Brooklyn’s Best CRE Opportunity in 2025. After more than a decade of community input, this plan was officially adopted by the City Council on May 28, 2025, and it represents a bold reimagining of one of Brooklyn’s most important east–west corridors.
We’ve been in New York commercial real estate long enough to see zoning shifts come and go, but nothing compares to the City of Yes plan. Air rights used to be a rare, niche play—one of those transactions we’d maybe see once every few years. Now? Everything has changed.
A proposed rent freeze in New York City could gut investor returns, making many office-to-residential conversions financially unworkable. Office conversions offer a quicker path to creating new housing as a rent freeze provides long-term affordability for tenants.
The New York City FC’s new stadium
in Willets Point, Queens will cover 23 acres (9.3 hectares) and combine world-class sports infrastructure with 2,500 affordable homes, a 250-room hotel, a 650-seat public school, and over 40,000 square feet of public space. The new neighborhood is designed to thrive year-round, with retail shops, restaurants, and community plazas that ensure Willets Point becomes a vibrant hub even on non-game days.
At the core of Mamdani’s agenda is his most controversial promise: a citywide rent freeze on nearly one million rent-stabilized apartments. These units house more than 2 million residents and form the largest share of the city’s affordable housing supply. Supporters see it as a lifeline for overburdened tenants; critics view it as a financial time bomb for building owners already squeezed by rising costs.
The long-anticipated rollout of New York’s downstate casino licenses is entering its final stretch, with bids intensifying and public scrutiny rising. The state is finally poised to grant up to three licenses in the New York City region by December 2025. With 8 billion-dollar proposals duking it out, what are the developments that we should know?
John F. Kennedy International Airport is in the midst of a monumental transformation—the largest in its history. With a price tag of $19 billion, the multi-phase redevelopment project aims to modernize terminals, streamline transportation, and elevate the travel experience. But perhaps the most compelling story is not just what’s happening at JFK—but what this means for commercial real estate in the surrounding area.
In a landmark move for affordable housing in New York City, real estate investment firm Tredway has acquired Ocean Park Apartments in Far Rockaway, Queens for $88 million, as reported by CRE Daily. This 602-unit community, originally built in 1973, now stands as a symbol of long-term housing stability thanks to a comprehensive affordability plan. The acquisition represents a significant moment for Queens real estate and underscores the growing trend of mission-driven investment in aging multifamily properties.
The numbers are striking. Leasing activity hit nearly 724,000 square feet this quarter, a 22.6% jump from Q4 2024. Brooklyn and Queens dominated, locking down nearly 84% of this volume. This isn’t just noise—it’s a signal.