Author archives: Literati Housing

RSS feed of Literati Housing

Last update on .

How Public Transportation Affects Real Estate Development

Real estate developers face numerous factors to coordinate development projects. Location is one of the most significant factors, and when building new units, transportation often plays a big part in rentability and pricing.

New York City is known for its old but efficient and varied public transit options. Here in Astoria, Queens, Literati.NYC takes into account commute times from its units to the nearest available train and bus stations as well as commute times into Manhattan.

The major train lines in Astoria are the N/W lines (incoming from Manhattan, passing through Long Island City and cutting through the western side of Astoria up to Ditmars station) and the R/M lines (eastern section of Astoria that goes through central Queens).

All of Literati Group's 110+ units are located within a 10 minute walking distance to the nearest train stations servicing these lines. Aside from the commute hours and distance to public transit, potential renters look for nearby establishments such as restaurants/bars, laundromats, grocery stores and leisure centers. While historically Astoria has been primarily a residential borough outside Manhattan taking in one influx of immigrants after another (Greeks, Italians, Irish, Eastern Europeans, Arabs), developers today are shifting focus on future developments for an unprecedented young millennial population.

Steinway Street, considered to run along the heart of Astoria, and the major avenues that run perpendicular - 30th Ave, Broadway, and Ditmars Blvd., are now peppered with restaurants, pubs, bars, and shops/workout centers to cater to a young and vibrant population. Bus systems also allow for local transport, in and around Astoria/Queens.

Last update on .

Update by Ed Siu, founder of Literati.NYC:  Making Coexistence of Real Estate & Technology Happen

Real estate in general has long been known to be one of the most traditional industries. Along with retail, manufacturing and restaurants, real estate is one of those sectors of commerce that value consistency, customer loyalty and tried and true business practices. It makes sense - if whatever worked in the past to bring in a solid customer base and continues to maintain loyalty, why change?

Last update on .

Roam Co-Living Housing Complex in Bali
Roam Co-Living Housing Complex in Bali

As the millennial generation continues to grow and enter the adult world, trends in housing are changing all over the world. With the ever increasing cost of living, millennials are constantly searching for affordable housing options, as they prepare to enter the secular world and leave the nests they were raised in. Co-living, a recent ...

Last update on .

The millennial generation is finding themselves all grown up and ready for the world. As opposed to the more conservative previous generations, Millennials are more open to different lifestyles and housing options that their predecessors would consider to be less traditional. New housing options such as co-living have been increasing in popularity, and following similar ...

Last update on .

How easy is it to find an affordable and spacious apartment in New York City? Today, many might find this idea amusing. Why is that? Over the past few decades, the cost of living has skyrocketed, and many have found it tough to find affordable housing in major cities and even outlying neighborhoods. This problematic ...

Last update on .

Life in Astoria/NYC

Moving to New York is one of the most exciting decisions that someone can make. Living here, there is always something to do, a new restaurant to try, or a new event to attend. The excitement isn’t just limited to Manhattan either; outer boroughs such as Queens have a lot to offer to crowds ...

Last update on .

Literati Group prides itself in dormitory style accommodations for recent grads, interns and working professionals.
Literati Group prides itself in dormitory style accommodations for recent grads, interns and working professionals.

Co-living

Also known as shared spaces, co-living is an ideal furnished housing option for millennials in New York City. What, exactly, is co-living? Co-living involves shared/communal living with added features, such as work spaces, recreational lounges and extracurricular activities.

With co-living, such as Literati.NYC or WeLive, millennials can save money on housing, and ...