NYCEDC Issues Request for Proposals for Kingsbridge Armory Redevelopment Project

September 26, 2023

NEW YORK—New York City Economic Development Corporation released a Request for Proposals (RFP) on Sept. 25 for a developer to lease, redevelop, and operate the Kingsbridge Armory, one of the largest armory buildings in the world and a landmarked structure that contains approximately 570,000 square feet of space. The RFP follows the release of the…

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Governor Signs Bill Requiring Disclosure of Flood Risk, History by Home Sellers

September 25, 2023

ALBANY—New York Gov. Kathy Hochul signed a bill on Friday, Sept. 22 that requires home sellers to inform home buyers as to whether a property is located in a flood risk area or has previously flooded. The governor signed legislation (A.1967/S.5400) which establishes a flood risk “right to know” for homebuyers. Previously sellers could opt…

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Northeast Home Sales Flat in August; Down Nearly 23% From Year Earlier

September 22, 2023

WASHINGTON—Existing-home sales moved lower in August, according to the National Association of Realtors. Among the four major U.S. regions, sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. All four regions recorded year-over-year sales declines. Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—slid…

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New NAR President Promises Change In Aftermath of Harassment Scandal

September 19, 2023

CHICAGO—In a video message posted on Sept. 7, National Association of Realtors President Tracy Kasper acknowledged the pain caused by the charges of harassment and discrimination at NAR that led to the resignation of former NAR President Kenny Parcell on Aug. 28. Kasper, who was named NAR President on Aug. 28, acknowledged that in the…

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OneKey MLS Relaunches Enhanced Website

September 14, 2023

NEW YORK—OneKey MLS announced on Thursday, Sept. 14 it had launched an enhanced version of, the consumer property search portal offering property listings in New York City, Long Island and the Hudson Valley region from 49,000 subscribers and 4,500 participating offices in the New York regional coverage area. The new site features more in-depth…

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$51 Million Affordable Housing Project Opens in Peekskill

September 12, 2023

PEEKSKILL—State and local officials joined the developer on Sept. 11 to celebrate the completion of a $51-million affordable housing project in Downtown Peekskill. The 645 Main St. development includes 82 apartments affordable to households earning between 40% and 80% of the Area Median Income, and a 140-space parking garage. The developers are the Housing Action…

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Construction Continues; Buyer Demand Strong at Edge-on-Hudson Development

September 8, 2023

SLEEPY HOLLOW—The mixed-use Edge-on-Hudson community being built at the former site of a General Motors minivan assembly plant on the shores of the Hudson River has achieved a series of construction and sales milestones as the project enters new project phases of development. Project developers noted that it has been four years since home sales…

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Mortgage Applications Fall to Lowest Level in 28 Years

September 7, 2023

WASHINGTON—The Mortgage Bankers Association reported on Sept. 6 that mortgage applications decreased 2.9% from one week earlier, according to data from the association’s Weekly Mortgage Applications Survey for the week ended Sept. 1, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9% on a seasonally adjusted basis from one week…

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$37-Million Newburgh Affordable Housing Project Completed

September 7, 2023

NEWBURGH—New York State, county and city officials announced on Sept. 6 the completion of the $37-million East End II affordable housing project in the City of Newburgh. The East End II project has encompassed the renovation or construction of 24 properties and created 62 affordable homes, including 10 units with supportive services. The project also…

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Report: COVID-19 Worsened NYC’s Property Tax Disparity

September 7, 2023

ALBANY—The COVID-19 pandemic has caused property tax disparity to worsen in New York City, driving housing costs higher for many, according to a report released on Sept. 6 by New York State Comptroller Thomas P. DiNapoli. Property tax disparities have been well documented for decades by advocates, fiscal monitors and the city, but the report…

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HGAR Realtor Raises Almost $3K for Charity in Colorado Gravel Bike Ride

September 5, 2023

Matt McAllister, an agent with Corcoran Baer & McIntosh in Nyack and COO at Statewide Abstract, has raised almost $3,000 to date for the Hudson Gateway Realtor Foundation, through his recent 142-mile Steamboat Gravel Bike Race in Steamboat Springs, Colorado. To date, McAllister’s GoFundMe page has garnered $2,706 in donations and it will remain open…

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In Memoriam: Veteran Realtor, Association Executive Don Cummins III

September 4, 2023

The Hudson Gateway Association of Realtors regrets to inform its membership of the tragic passing of real estate veteran, HGAR member, association executive and attorney Don Cummins III on Friday, Sept. 1 at the age of 54. Cummins was previously the Team Leader at Keller Williams Realty Partners of Baldwin Place and formerly served as…

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NAR President Parcell Resigns Amid Sexual Harassment Allegations

August 29, 2023

CHICAGO—Two days after a New York Times report that detailed claims of sexual harassment against National Association of Realtors President Kenny Parcell, the Utah-based Realtor executive, while denying the allegations, resigned from the post on Monday (Aug. 28) effective immediately. President-Elect Tracy Kasper took over as NAR President effective immediately. The allegations and subsequent fallout…

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Mark Seiden Real Estate Team Joins Howard Hanna | Rand Realty

August 25, 2023

BRIARCLIFF MANOR—Howard Hanna | Rand Realty announced on Aug. 24 that the “Mark Seiden Real Estate Team,” of Briarcliff Manor has joined the regional brokerage firm. The deal marks the addition of another independent Westchester County-based real estate brokerage to the Howard Hanna | Rand Realty firm. Back in May, Howard Hanna | Rand Realty…

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Update: HGAR’s Relief Effort Providing Much Needed Assistance to Flood Victims in Hudson Valley

August 24, 2023

GOSHEN—The Hudson Gateway Association of Realtors was one of the first private organizations to provide much-needed financial assistance to homeowners in the flood-ravaged Highlands/West Point area and other sections of the Hudson Valley region that suffered significant damage from the devastating heavy rains on July 9-10. The Hudson Gateway Association of Realtors applied for and…

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Existing-Home Sales in the Northeast Declined Nearly 6% in July

August 23, 2023

WASHINGTON—Existing-home sales receded in July, according to the National Association of Realtors. Among the four major U.S. regions, sales grew in the West but faded in the Northeast, Midwest and South. All four regions registered year-over-year sales declines. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, waned 2.2% from June…

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HGAR Celebrates All That is Westchester County

August 22, 2023

WHITE PLAINS—The Hudson Gateway Association of Realtors shined the spotlight on Westchester County on July 24 with a highly informative program that highlighted the latest in economic development, politics, as well as updates from HGAR on a host of its initiatives that impact Westchester County and its real estate market. The program was the second…

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