Residential

Developer Unveils Plans for Luxury Condos in Larchmont

April 2019

LARCHMONT—Rye-based developer Elk Homes has unveiled plans this week for “Centro Larchmont,” a new luxury condominium residence to be developed in the heart of the village. The new building will replace several aging commercial buildings that will be demolished. Located at 112 Chatsworth Ave. and 65 Wendt Ave., the 26-unit building will include 23 market…

Read More

Christie’s International Opens Office in Rockland County

April 2019

NEW CITY—Christie’s International Real Estate – Westchester & Hudson Valley, reported on April 17 it had launched its Rockland Regional Sales Gallery in New City at 340 South Main St. The opening of the office comes on the heels of a mid-February announcement by Christie’s International Real Estate that it was expanding its reach into…

Read More

Struggling Luxury Market a Drag on Region’s Home Sales

April 2019

Tale of Two Markets WHITE PLAINS—Home sales activity in the Hudson Valley in the first quarter of 2019 was mixed, with Rockland County leading the way with a 7.1% increase in overall sales, while Westchester, Putnam and Sullivan counties posted sales volume declines of 3.5%, 13% and 14.5% respectively. Orange County also posted a sales…

Read More

Construction Begins on $42M Senior Project in Rockland County

April 2019

NANUET—State officials announced on April 16 that construction had begun on a new $42-million senior affordable and supportive housing development here. The 93-unit Vincent’s Village community will be developed by the Sisters of Charity Housing Development Corp. of Staten Island and Rockabill Development, LLC of New York City. The development site is located adjacent to…

Read More

Mayors Say Natural Gas Moratorium Impact Not as Severe as First Thought

April 2019

WHITE PLAINS—The mayors of White Plains and New Rochelle agree that the impacts thus far from the natural gas connection moratorium imposed by utility Con Edison on March 15 has not been severe. White Plains Mayor Thomas Roach and New Rochelle Mayor Noam Bramson agreed that real estate developers are attempting to adapt to the…

Read More

Homes Sales Volume Mixed in Hudson Valley Region in First Quarter

April 2019

Editor’s Note: The following is the full text version of the 2019 First Quarter Residential Real Estate Sales Report Westchester, Putnam, Rockland, Orange, And Sullivan Counties, New York released by the Hudson Gateway Multiple Listing Service, Inc. on April 8. WHITE PLAINS—Residential sales in the region serviced by the Hudson Gateway Multiple Listing Service, Inc.…

Read More

Compass Expands Presence in NYC With Stribling Brokerage Deal

April 2019

NEW YORK CITY—Real estate brokerage and technology firm Compass has expanded its presence here with the purchase of the Stribling luxury residential brokerage firm, adding more than 300 agents and 50 employees to its New York City operations. Stribling, which was founded in 1980 by chairman and founder Elizabeth F. Stribling, operates three locations in…

Read More

Yonkers IDA Provides Incentives for Four Projects

March 2019

YONKERS—The Yonkers Industrial Development Agency reported on March 25 it had approved four projects for incentives that will create 100 new housing units and finance the purchase and rehabilitation of a 301-unit apartment building in the city. The four developments amount to approximately $108.3 million in private investment and will create 156 construction jobs and…

Read More

Yonkers City Council Passes Dog Waste Disposal Bill

March 2019

YONKERS—Yonkers Mayor Mike Spano announced on March 15 that new legislation had passed the Yonkers City Council, which requires residential properties with 25 to 50 housing units to install dog waste disposal stations outside the building. Additionally, every building or structure that allows dogs with 51 or more units shall provide two or more dog…

Read More

Metrex Realty Honors its Clients for Their Support

March 2019

MONSEY—Metrex Realty in Monsey recently held a client appreciation party where more than 230 people attended. Metrex Realty officials held the event to give thanks for the community’s support of the company. The firm also invited agents from other firms, thanking them for their support and assistance with transactions. “Our colleagues never seem to get…

Read More

Greenwich Home Sells for More Than $11 Million

March 2019

GREENWICH, CT—Five Corners Properties/Real Living broker/owner Jonathan Lerner confirmed recently that Danielle Scialpi-Malloy has successfully sold the largest residential home in Greenwich, CT this year. The sale property, 35 Close Road in Greenwich, CT sold for $11,180,000. The grand estate nestled on 5.29 lush acres enjoys 300 square feet of private water frontage and vistas…

Read More

State Senator Skoufis Probe Targets Slumlords in Major Cities

March 2019

NEWBURGH—New York Senator James Skoufis (D-39), chairman of the New York State Senate Committee on Investigations and Government Operations, announced on March 8 at a press conference in the City of Newburgh the launch of an investigation into housing conditions and code enforcement outside of New York City. His investigations unit is specifically examining the…

Read More

Survey: Majority of Real Estate Firms Remain Optimistic, Evolving Technology Still a Challenge

March 2019

WASHINGTON—The evolving technological landscape, competition from non-traditional market participants and housing affordability continue to be among the biggest challenges facing real estate firms in the next two years, according to a report by the National Association of Realtors. NAR's 2019 Profile of Real Estate Firms released on March 6 found that commercial real estate firms…

Read More

Experts Say Westchester Natural Gas Moratorium is a Long-Term Problem

March 2019

WHITE PLAINS—A real estate attorney speaking before a group of Westchester County commercial brokers said the moratorium on new natural gas connections slated to go into effect on March 15 “is here to stay.” Officials with Con Edison—the utility that is imposing the moratorium—who participated in the discussion did not disagree. More than 100 attendees…

Read More