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The Faruqi Team

Salim Faruqi - queens real estate

Salim Faruqi

Team Leader

Salim has 25-years of real estate experience in both small- and large-scale residential and commercial sales. He is well-versed in just about every aspect of real estate…

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Amber-Faruqi queens real estate

Amber Faruqi

Team Leader

Amber has 9 years of residential and 2 years of commercial real estate experience, including extensive short sale negotiating and contract processing.

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eric-ferrara queens real estate

Eric Ferrara

Listing Manager

Eric is a veteran real estate agent who specializes in co-op, condo, single-family and multi-family residential sales. He is a multi-generational native New

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The housing market continues to grow this year. Low mortgage rates, job, and wage growth are driving demand and enticing new players to get into the market. In fact, a large part of the new entries into the market are Millennials and first-time home buyers.   However, sometimes the road to homeownership can be complicated and being financially prepared is key. We interviewed KB Home Chief Operating Officer Matt Mandino, who shared tips on how millennials (and all first-time homebuyers) can prepare for buying and looking for a new home. First-time homebuyers made up more than 55 percent of the quarter two 2019 business forRead More →

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Realtor.com’s recent report says that the U.S. housing market has recovered from the disruption caused by the pandemic and returned to January 2020 growth levels. The Realtor.com’s Housing Market Recovery Index reached 101.0 nationwide for the week ending July 18, bringing the index above the pre-COVID recovery benchmark for the first time since March. The pace of home sales has now recovered with inventory moving faster than this time last year – but supply remains the critical missing piece in the recovery. The Northeast now leads the recovery with the overall index now visibly above the pre-COVID benchmark. The West (105.5) remains above recovery paceRead More →

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  Located in central Queens, Jackson Heights is a busy multicultural neighborhood, with one of the most vibrant and diverse populations. Jackson Heights was named on the National Register of Historic Places in 1999 with prewar apartment buildings built in French Renaissance, Romanesque, and Tudor Styles. This unique one-bedroom co-op apartment  is perfect to immerse yourself in this vibrant community, high ceilings, and big windows to overlook at the planted garden. Walking paths and beautiful common areas to enjoy reading a book or walking your dog in this pet-friendly unit.  Read More →

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The rules about how showings and closings can take place and what agents can do will vary depending on local public health regulations, real estate association guidelines and individual comfort levels. You now may need to book an appointment for an open house. There may be waivers to sign before looking at a home. And get comfortable with those masks, sanitizing wipes and booties. These are the new realities of home buying, and agents say many of these protocols are likely to stick around. Buyers should expect hand sanitizer and masks to be part of any home-buying experience. But other aspects of house hunting andRead More →

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After a difficult few months, New York City’s real estate market is bouncing back. This week, after the city entered phase 2 of its reopening, contract activity increased 41%, reaching the highest numbers since the end of March, when the country shut down due to the coronavirus outbreak. New listings also increased 57% since last week, reaching a level not seen since March 2, according to data compiled by UrbanDigs. Though listings are down 36% from this time last year, brokers are confident the slump in the market is temporary — and on its way out. “This is a remarkable recovery from the entire secondRead More →