Residential

Hines Tops Off NorthLight Project at Edge-on-Hudson Development

June 25, 2021

SLEEPY HOLLOW—International real estate firm Hines reported on June 24 it had topped off its NorthLight at the Edge-on-Hudson development being built at the former General Motors minivan assembly plant site on the shores of the Hudson River here. The new apartment community will bring 246 rental apartments to a vibrant mixed-use neighborhood. NorthLight is…

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U.S. Existing-Home Sales Drop Nearly 1% in May; Northeast Sales Fall 1.4%

June 22, 2021

WASHINGTON— Existing-home sales decreased for a fourth straight month in May, according to the National Association of Realtors. Only one major U.S. region recorded a month-over-month increase, while the other three regions saw sales decline. Sales in the Northeast slid 1.4% in May. While sales declined, each of the four areas again registered double-digit year-over-year…

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Experts Predict ‘The Seller’s Market is Going to Last’

June 21, 2021

WHITE PLAINS— With mortgage rates near all-time lows and significant pent-up demand, will New York’s residential real estate market favor sellers through 2021 and beyond? Real estate experts weighed in on what’s in store for the housing market and how agents can close deals from the East End to the West Side and all throughout…

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Westchester County Board to Vote on Co-Op Disclosure Bill on June 28

June 21, 2021

WHITE PLAINS—Decades of advocating for strong laws to promote co-op disclosure in order to prevent housing discrimination by cooperative boards may finally bear fruit later this month for members of the Hudson Gateway Association of Realtors and the consumers they represent. The Westchester County Board of Legislators at its meeting on June 28 is expected…

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The Henry Apartments in Pomona Trades for $54 Million

June 16, 2021

POMONA—Harbor Group International, LLC, which is headquartered in Norfolk, VA, has acquired The Henry, a 169-home luxury apartment community in Pomona, for $54 million. Commercial brokerage firm CBRE reported the sale on June 16. The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer represented the seller, a…

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Luxury Properties on the Hamptons are Still in High Demand

June 16, 2021

From sprawling Long Island Sound estates to stately Hudson River manors, to expansive rural retreats, the Hudson Valley is home to some of the most breathtaking luxury properties in New York and the nation. But, this time of year, when people begin to think about where to escape for the summer, inevitably, the Hamptons come…

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Real Estate Leaders Discuss Rebound of NYC’s Luxury Market

June 15, 2021

NEW YORK—Top New York real estate professionals zoomed in on the region’s luxury housing market to analyze the wave of multimillion-dollar sales, and weighed in on pricing, buying trends and prized locations at a virtual panel recently hosted by the Hudson Gateway Association of Realtors, Inc. and OneKey MLS. All agreed the luxury markets in…

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Construction Continues on Luxury Senior Independent Living Project

June 15, 2021

WHITE PLAINS—Construction continues on the premier independent living community project Waterstone of Westchester in Downtown White Plains. The development for those 62 and older will feature first-class amenities, 132 residences and supportive services on a parcel on Bloomingdale Road. Waterstone of Westchester is scheduled to open in the first quarter of next year. Waterstone Executive…

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Construction Begins on $53M Redevelopment of Tarrytown YMCA

June 10, 2021

TARRYTOWN—A host of state, county and local dignitaries were on hand on June 9 for the groundbreaking for 62 Main, a $53-million affordable housing development in the village of Tarrytown that involves the adaptive reuse of the historic YMCA facility. The development will also entail the construction of an additional building to create 109 affordable…

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Report: Bronx Hit Hard by COVID-19 Pandemic Begins Long Road to Recovery

June 10, 2021

NEW YORK—The COVID-19 pandemic hit the Bronx harder than any other borough, according to an economic analysis released on June 8 by New York State Comptroller Thomas P. DiNapoli. As vaccinations rise and restrictions ease, the Bronx has begun to repair the significant economic damage caused by the coronavirus that included a nearly 25% unemployment…

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Mount Kisco-Based Café Realty Joins McGrath Realty

June 9, 2021

MOUNT KISCO—Locally-based Cafe Realty has teamed up with commercial, land development and luxury brokerage, McGrath Realty Inc. After eight years in business the community-focused Cafe Realty will use their strengths, talents and skills to become the new face of McGrath Realty Inc’s residential services operations, company officials stated. Café Realty will take on the new…

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Howard Hanna | Rand Realty Opens New Office in Morris Plains, NJ

June 1, 2021

MORRIS PLAINS, NJ—Howard Hanna | Rand Realty announced on June 1 the opening of its new office in Morris Plains, NJ at 374 Speedwell Ave. Company officials said the opening marked the continued expansion for the brokerage firm in the New York/New Jersey market. “Howard Hanna | Rand Realty is making a tremendous effort to…

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New York State’s $2.7 Billion Rental Assistance Program Begins June 1

May 26, 2021

ALBANY—New York Gov. Andrew Cuomo announced on May 25 that the state’s $2.7 billion emergency rental assistance program for struggling New Yorkers impacted by the COVID-19 pandemic will begin on June 1 when applications for funding will first be accepted. He also announced that online applications for $800-millon in small business recovery grants will be…

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HGAR Officials, Members Testify in Favor of Co-Op Disclosure Legislation Before Westchester County Board of Legislators

May 25, 2021

WHITE PLAINS—A host of prominent Westchester County Realtors testified in favor of a long sought-after co-op disclosure bill last night during a virtual public hearing before the Westchester County Board of Legislators. The amendments to current county law would require that co-op boards provide a reason for the denial of an application when the co-op…

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NAR: U.S. Existing-Home Sales Declined 2.7% in April; Northeast Sales Fell Nearly 4%

May 24, 2021

WASHINGTON—Existing-home sales waned in April, marking three straight months of declines, according to the National Association of Realtors. All but one of the four major U.S. regions witnessed month-over-month drops in home sales, but each registered double-digit year-over-year gains for April. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped…

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