Residential

New York State Hits Back Against Tax Reform Law

July 2018

NEW YORK CITY—New York Gov. Andrew Cuomo followed through on his threat and announced on Tuesday that New York State had filed a lawsuit against the federal government over what it termed as the unconstitutional federal tax reform law enacted earlier this year. The lawsuit contends the new SALT (state and local tax) cap was…

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Houlihan Lawrence Open Houses to Appear on Waze

July 2018

RYE BROOK—In its latest effort to maximize exposure for its listings, Houlihan Lawrence has begun feeding its Open Houses to Waze, a community-based traffic and navigation app. Each Open House will receive a branded pin on the map at its location, along with a separate takeover ad that a user would see when at a…

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Weichert, Realtors Participates in New City Summer Fair

July 2018

NEW CITY—Sharon D’Orazio, manager of Weichert, Realtors’ New City sales office, reported that her office participated in the New City Summer Street Fair, which took place recently on Main Street. The event, hosted by the Town of Clarkstown, included entertainment, rides, games, bounce houses, food, vendors, arts and crafts, face painting and live music. Weichert…

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Berkshire Hathaway HomeServices Partners with NetJets

July 2018

WALLINGFORD, CT—Berkshire Hathaway HomeServices New England, New York and Westchester Properties announced recently a strategic partnership with aviation firm NetJets. With the new alliance, Berkshire Hathaway HomeServices agents and their clients will have access to NetJets benefits. “Through our alliance with NetJets, we are thrilled to offer our agents and clients a luxurious private aviation…

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Grand Lux Realty Reaches 200-Agent Milestone

July 2018

ARMONK—Michael Levy, principal broker of Grand Lux Realty, of Armonk reported recently that the firm had achieved the 200-agent mark as of June 1, 2018. Mr. Levy stated, "I'm proud to announce that our company has achieved the milestone of having recruited 200 agents. We have worked hard to get to this point and it…

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$95M Mount Vernon Affordable Housing Project Breaks Ground

July 2018

MOUNT VERNON—New York State Homes and Community Renewal announced on June 27 the start of construction of an approximately $95 million, 100% affordable housing development called 22 South West in Downtown Mount Vernon. The mixed-use project being built by MacQuesten Development is immediately adjacent to the Mount Vernon West Metro-North Station, and will feature 189…

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Chappaqua Crossing Apartments Opening Marks New Chapter at Former Reader’s Digest Property

July 2018

CHAPPAQUA—New York State Homes and Community Renewal and Wilder Balter Partners announced recently the completion of a $21-million affordable housing development at the iconic Reader’s Digest headquarters building that created 64 mixed-income apartments. The original Georgian-style brick building with its signature cupola opened in 1939 and for seven decades served as the headquarters for the…

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$136M Westchester Avenue Redevelopment Project Gets Preliminary Nod From IDA

July 2018

WHITE PLAINS—A plan to redevelop an underutilized stretch of Westchester Avenue in White Plains that will feature more multifamily development and some retail space in the downtown district is progressing. A proposal by Sabre Chauncy, WP, LLC to build 276 units of rental housing and nearly 25,000 square feet of retail space at 80-100 Westchester…

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Second Quarter Home Sales Lower in Most Hudson Valley Markets

July 2018

In most areas of the region the median sales price for a single-family residential home increased by about 6% as compared to the second quarter of 2017, according to the “2018 Second Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York” report authored by the Hudson Gateway Multiple Listing…

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Exit Realty Search Merges With Rand Realty

June 2018

NEW YORK—Better Homes and Gardens Rand Realty has increased its footprint in the Bronx, the Nanuet-headquartered brokerage firm reports. Better Homes and Gardens Rand Realty has merged with Exit Realty Search of the Bronx. With the merger, the firm, brings more than 60 agents to the Rand Realty network. The brokerage firm also reported recently…

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Northeast Home Sales in May Buck National Trend

June 2018

WASHINGTON — U.S. existing-home sales fell for the second straight month in May, as only the Northeast region saw an uptick in activity, according to a report released on Wednesday by the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 0.4% to a…

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Board of Legislators Vote Key for Affordable Senior Housing Project

June 2018

WHITE PLAINS— The Westchester County Board of Legislators earlier this month approved the purchase of land that will result in the creation of 56 new units of affordable housing for seniors in White Plains. The long-delayed project—Mount Hope Plaza at 65 Lake Street in White Plains—will create affordable housing units for seniors 62 years and…

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Three Major Property Sales Close in Hudson Valley

June 2018

WHITE PLAINS—Three major property sales were reported by area commercial brokerage firms recently that involved multifamily and retail properties in Westchester County and a more than 123-acre site in East Fishkill formerly owned by IBM. Marcus & Millichap recently announced the sale of a three-property, 104-unit multifamily portfolio in White Plains. The portfolio sold for…

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Sharon Tucker Appointed Manager Of Rand Realty’s Pearl River Office

June 2018

NANUET—Following the retirement of Teresa O’Shaughnessy, Better Homes and Gardens Rand Realty has selected Sharon Tucker as the new manager for its office in Pearl River. “This past year with Rand Realty has been one of the most-memorable of my career,” said Tucker. “I’ve learned so much in my time here thus far, and I’m…

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Mid-Hudson Brokerage Expands Presence to Ulster County

June 2018

LAGRANGEVILLE, —Berkshire Hathaway HomeServices Hudson Valley Properties, announced on May 31 the acquisition of Westwood Metes & Bounds Realty Ltd., a long-tenured real estate brokerage serving Ulster County. Hudson Valley Properties adds nearly 60 agents and five offices through the transaction. The offices are located in Kingston, New Paltz, Stone Ridge, West Hurley and Woodstock.…

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A Savvy Affair’s Charity Event Raises Funds for Autism Speaks

June 2018

EASTCHESTER— A Savvy Affair, an event-planning firm that specializes in charity events, hosted approximately 400 guests at Mulino's At Lake Isle in Eastchester on May 17th. The event featured a "freestyle music theme," including performances by Freestyle entertainers TKA and Cynthia. Among the attendees included many guests from the real estate industry. The program marked…

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Two Veteran Westchester Realtors Form New ‘LifeNY’ Brokerage Firm

June 2018

WHITE PLAINS—Two veteran residential brokers and “Rising Stars”—Chirag Shah and Jason Wilson—have ventured out on their own and formed a new boutique brokerage firm here called “LifeNY.” The two Realtors, who both have been heavily engaged in the Hudson Gateway Association of Realtors, say their new firm will have “a laser focus on client services…

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