MOUNT VERNON—In a deal the development firm says reaffirms and expands its investment in the economic revival of the City of Mount Vernon, the MacQuesten Companies reported recently it had purchased the Mount Vernon West station on Metro-North’s Harlem Line. While the station’s platforms are owned by Metro-North, the station building has been privately owned…
Read MoreEditor’s Note: The following is the full text version of the 2016 Second Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York released recently by the Hudson Gateway Multiple Listing Service. WHITE PLAINS—Prospective homebuyers who were out in force during the first several months of 2016 came to the…
Read MoreDOBBS FERRY— Joseph A. Valvano, president of Coldwell Banker Residential Brokerage in Connecticut and Westchester County reported on July 1 that Mark Turken, Pedro Hidalgo and Jonathan Klein of Westchester Realty NY LLC have affiliated with Coldwell Banker’s Dobbs Ferry office. Turken is an award-winning real estate broker who established Westchester Realty NY, a real…
Read MoreMONTGOMERY— R.J. Smith and Gerald and Rosemary Skoda, outstanding business and civic leaders, will be honored by the Community Foundation of Orange and Sullivan during its annual reception on Nov. 16, at Anthony’s Pier 9 in New Windsor. More than 400 community and key business leaders are expected to attend the dinner event, where the…
Read MoreRYE—On June 9th, Houlihan-Parnes Realtors celebrated the firm’s 125th anniversary at the Westchester Country Club in Rye. Founded in 1891 by Daniel J. Houlihan, an Irish immigrant, the company has always been family owned and operated and is proudly celebrating its 125th year of continuous operation. Since the late 1800s, the firm originally was founded…
Read MoreOSSINING—A host of state, county and local dignitaries joined veteran residential real estate developer Martin Ginsburg on June 23rd in cutting the ribbon on Harbor Square, a $65-million luxury multifamily waterfront project here. The Harbor Square development site has been the focal point of development for nearly 20 years. In 1998, Westchester developer Louis Cappelli’s…
Read MoreDrones have become increasingly popular as an advertising tool for real estate professionals. Regulators have heretofore compelled drone operators to apply for a “Section 333” waiver from the FAA before they are ready to go airborne. With Google Earth and other live images already out there, it would have been unlikely for the government to…
Read MoreALBANY—Gov. Andrew Cuomo signed into law the “zombie property” bill on June 23rd. The legislation, which passed the State Legislature, is geared to combating the blight of vacant and abandoned properties throughout the state providing further assistance to those in danger of losing their homes, and in some cases expediting the foreclosure process. Gov. Cuomo…
Read MoreCORNWALL—Ginsburg Development Companies announced the grand opening later of the new model homes at Stone Hollow at Cornwall, an enclave of 28 stylish single-family homes located in the quaint Hudson River community of Cornwall. GDC Principal Martin Ginsburg told Real Estate In-Depth that his firm began the development just prior to the Great Recession, but…
Read MoreWALLINGFORD, CT—Berkshire Hathaway HomeServices New England and Westchester Properties stated that is a proud supporter of hiring veterans and welcomes every opportunity to hire the men and women who have served the country (and their spouses) through the company’s Veterans to Realtors program. The Veterans to Realtors program helps veterans get started in an exciting…
Read MoreNANUET— Better Homes and Gardens Real Estate-Rand Realty announced earlier this month it had received the brand’s national Community Involvement Excellence Award. The distinction is given to the companies that provide exceptional assistance to their clients and whose team gives back to the community in which they live and work. “It’s an honor for our…
Read MoreMIDDLETOWN—On Thursday May 12, Keller Williams Hudson Valley United celebrated Red Day by helping two local causes. The residential brokerage firm divided its efforts to helping two counties. One contingent went to the local YMCA in Middletown to help beautify its children’s community center and get it ready for the season, weeding, mulching, cleaning equipment, painting and…
Read MoreALBANY - The New York State Department of Tax and Finance has published a form for distribution to new homeowners that provides guidance on the new STAR tax credit program, the New York State Association of Realtors reported on June 7. Homeowners who purchased their current home prior to May 1, 2014 and already receive…
Read MoreSUFFERN, NY– Castle Lanterra Properties has acquired 1825 Apartments, a 455-unit community in Pflugerville, a suburb of Texas’ state capital of Austin, announced CLP Founder and CEO Elie Rieder. This is the third Austin area acquisition for the Suffern, NY-based firm. The community, named for State Route 1825 that fronts the property, consists of 60…
Read MoreThe cost of maintaining local government is going up, but the state portion of funding and state aid is not keeping up with the rising cost of upkeep. This is forcing cities like Yonkers and others to institute various regressive tax hikes such as transfer tax hikes and mortgage recording tax hikes. The problem with…
Read MoreRYE—There is now a standard to measure how buildings can affect the health of people occupying them. It's called the WELL Building Standard ™. Based on the belief that buildings should be developed with people's health and wellness at the center of design, WELL™ was established by the International WELL Building Institute™ (IWBI), a public…
Read MoreRYE—Berkshire Hathaway HomeServices New England and Westchester Properties announced recently the opening of its Rye office at 22 Purchase St. in the heart of downtown Rye. The latest opening gives the company a total of 53 offices and nearly 1,800 agents. Heading the office is Harrison resident, Margaret Grasso. “Our Rye outpost provides us with…
Read MoreNEW ROCHELLE—Meadow Lane Senior Apartments, a new independent senior housing complex at United Hebrew of New Rochelle, has received a $250,000 grant from The Harry and Jeanette Weinberg Foundation that will support its $6-million construction. The project adds 32 low-income apartments—24 one-bedroom units and eight studios—to United Hebrew’s senior housing stock, which also includes Soundview…
Read MoreWHITE PLAINS—Westchester County has both good and bad news on the foreclosure front. A familiar pattern continues as the number of judgments entered on foreclosed properties rose more than 8% over the same period last year. The number of new foreclosure filings dropped almost 27% when compared to last year’s first quarter. The Westchester County…
Read MoreMOUNT VERNON– Redwood Realty Advisors announced on May 16th the closing of two apartment buildings in Mount Vernon for a price of $7.5 million and a cap rate of 6.9%. The two properties are located on the same block of South Second Avenue. The sale included one 34-unit apartment building and a second mixed-use apartment…
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