Tag Archives: Armonk NY Real Estate

Armonk NY Real Estate

Panoramic penthouse views from around the globe | Armonk Real Estate

Leave a reply

 

It’s getting more crowded at the top.

Owning a piece of a skyscraper’s top floor — where your closest neighbors have feathers — is the pinnacle of real estate. Penthouses make up less than 1 percent of real estate listings, but their average price a square foot is 84 percent higher than that of similar, nonpenthouse units, according to an analysis by real estate website Zillow.

The word itself will cost you. Simply having the designation of “penthouse” in the listing can result in a sale premium of 5 percent to 10 percent, says Jonathan Miller, a New York City-based appraiser and president of Miller Samuel Inc.

Now, the word “penthouse” is being applied to all sorts of condos — even those on lower floors — and it’s not uncommon to see multiple penthouses stacked on top of one another. Echo Aventura, a new development in Miami by Property Markets Group and JDS Development, will sport 18 penthouse units when it is completed in 2015, and Trump Place at 120 Riverside Blvd. in Manhattan has 44 penthouses.

Here’s a look inside homes around the globe that feel like they’re on top of the world.

 

read more….

http://realestate.msn.com/panoramic-penthouse-views-from-around-the-globe

 

North Castle NY – Town Board Meetings at Town Hall | Armonk Real Estate

Leave a reply

 

Town Board Meetings at Town Hall
Tuesday, April 22nd
Executive Session at 6:00 p.m.
Tuesday, April 22nd
Work Session at 7:00 p.m.
Wednesday, April 23rd
Town Board Meeting at 7:30 p.m.
To view the agenda and supporting documents, click on “Agenda”  for the upcoming meeting.  Click here to access.

Anne Curran

Town Clerk  273-3321

North Castle Hosting Zero Waste Day | Armonk Real Estate

Leave a reply

 

The Town of North Castle is showing why it is one of the most environmentally friendly towns in Westchester.

The town is hosting its 10th Zero Waste Day on Saturday, April 26 behind North Castle Town Hall from 9 a.m. to 3 p.m.

Residents can donate gently used items to be reused and also recycle scrap metal and electronic waste. A shredder will be on hand to shred personal papers.

Groups like the Community Center of Northern Westchester, Adopt-a-Dog, Recycle-a-Bicycle and Furniture Sharehouse.

The event used to be held twice a year, but the recycling committee decided to hold it once a year to increase participation.

“This is all for a good cause,” Linda Trummer-Napolitano, the co-chair of the North Castle Recycling Committee said. “It keeps things out of the waste stream.”

 

 

http://armonk.dailyvoice.com/news/north-castle-hosting-zero-waste-day

Fully Restored Charleston Single-Style Home Asks $4.35M | Armonk NY Homes

Leave a reply

 

20 images

Location: Charleston, S.C. Price: $4,350,000 The Skinny: The past is a strange place, one where wooden barrels were high technology, and the men who made them became so wealthy that they could build houses that would stand for more than 220 years, like this Charleston single style home that has presided over Meeting Street since at least 1798. It’s certainly hard to imagine the modern equivalent of this home lasting well into the 24th century, where it could be fussed over by preservationists eager to maintain whatever design characteristics wind up being deemed representative of our era. (Mother-in-law suites? Distended garages? Recessed lighting?) But probably cooper James Mitchell wasn’t considering the Long Now when he began construction on his home way back when. Like many Charlestonians building on narrow lots, he went with the functional single style, which was popular at the time. Named for the one-room width of the house as seen from the street, the style had superficial variations but the core elements, such as floorplans that were replicated on each story and piazzas that ran along the front door elevation, remained constant. This particular home has recently undergone an extensive renovation that restored its piazzas and added a modern wing designed by W.G. Clark. It’s asking $4.35M for five bedrooms and four bathrooms across 5,900 square feet.

 

 

http://curbed.com/archives/2014/03/14/fully-restored-charleston-single-style-home-asks-435m.php

Is real estate still a good buy? | Armonk Real Estate

Leave a reply

 

Buying a home is no longer a no-brainer, whether you are buying as an investment or to live in it.

That is the message to draw from current measures of value in many metropolitan markets.

The fundamentals have changed from six months ago, when some economists and analysts said that low prices and low mortgage rates made it a great time to buy a home in most of the U.S.

The latest thinking is a reflection of how far and how fast home values have climbed. In the year ended in November, home prices rose 14%, as measured by the most-recent S&P/Case-Shiller 20-city composite index.

Some markets, such as Las Vegas, Los Angeles and San Francisco, saw prices rise by more than 20%.

In general, “you can’t buy now and expect a big gain,” says Morris Davis, an associate professor in the real-estate department at the University of Wisconsin’s business school in Madison. “There’s more risk than there was.”

One widely tracked measure of housing costs is the average national home price divided by the average rent. That ratio stood at 14 in the third quarter, according to Moody’s Analytics, using the most recent data. That is above the average ratio of 12 between 1989 and 2003, which is considered a “normal,” preboom home market.

 

 

http://finance.yahoo.com/news/real-estate-still-good-buy-193500720.html

Checking In On The East Side Access Project’s Massive Caverns | Armonk Real Estate

Leave a reply

 

exc1.jpg [All photos by Rehema Trimiew for MTA Capital Construction via Gizmodo]

Last we heard of the plagued East Side Access Project, the tunnel extending the LIRR to Grand Central station was not due to be completed until 2023 at a cost of $10.8 billion, a decade later and $6.5 billion more than anticipated. Now, checking in with the project via a series of photos Gizmodo brought to our attention, we’re almost willing to forgive the delay and massive overdraft. The project is indeed moving forward, and doing so on a scale so massive that it’s almost too large for a picture to capture. The photos, on the Grand Central Terminal side of the project, show what will become a new subterranean station for the LIRR. Gizmodo notes that the tunnel’s yellow walls won’t stay that way forever, as the coatings are just geotextiles that will get covered over with some drab concrete. Nevertheless, these photos of the cavernous excavations taking place below our very feet are certainly humbling (and reassuring that progress is indeed being made.)

 

 

http://ny.curbed.com/archives/2014/02/21/checking_in_on_the_east_side_access_projects_massive_caverns.php

 

5 Ways To Add Cheer To Your Home Decor | Armonk NY Real Estate

Leave a reply

 

Winter is here, but spring is coming. Throughout the country, the ground is covered with snow and the sky is overcast. There is no reason that inside your home needs to be as gloomy as the outside. Below are a few ideas for adding some cheer to the inside of your home while we wait for spring.

1. Fresh Flowers

Bright, sunny colors plus a sweet fragrance can brighten any room. If you don’t want to use cut flowers then purchase a flowering potted plant. Plus, if you use a potted plant it could be relocated into the garden in the spring for it to continue growing and add years of enjoyment.

2. Decorate your table

Find a table runner with bright colors then add some candle holders along with it. I have glassybabys all throughout my home and they definitely add some cheer to these dreary days. Earlier last year I started swapping out my table runner each season and holiday; I love how it makes my kitchen a little bit more festive. It is a small change that can make the entire room look decorated. To create one for yourself, visit this post for a step by step tutorial.

3. Festive Kitchen Decor

In addition to decorating your table, swap out your kitchen towels for some bright and fresh ones. In addition to adding something happy to your kitchen this also gives your regular towels a bit of a rest so they last longer. Or get a few kitchen pieces such as plates and mugs that add a smile to your face when you use them.

4. Bunting

There is something youthful and happy about bunting, especially when the fabric is full of bright stripes and polka dots. Make a set for yourself or find a great vendor off Etsy then hang it on a blank wall. In addition to putting this in a main living space, it would be a great focal point to a playroom or child’s bedroom.

5. Pillows

A quick change to any couch or chair is by adding or swapping out a pillow. Use an unconventional design or your favorite color to make you smile whenever you see it. What would you pick? Yellow? Teal? Chevron? Polka Dots? Check out Pinterest for lots of….

 

 

http://finance.yahoo.com/news/5-ways-add-cheer-home-150654840.html

The X factor in the buy vs. rent equation: How long will you stay? | Armonk NY Homes

Leave a reply

 

A home is the biggest purchase many people will ever make, and because home values can move abruptly in either direction, homebuyers are often advised to think of a prospective home primarily as a place. If it also happens to turn out to be a good investment, that’s icing on the cake. Even when home prices march steadily upward, it still takes time to for homebuyers who have financed a purchase with a mortgage to recoup their investment. Transaction costs — like mortgage origination fees and title insurance on the front end, and real estate brokerage commissions on the back end — can add up to 10 percent or more of a home’s purchase price. The way mortgages are structured, most of a homebuyers initial loan payments are going toward interest, rather than principal.

 

– See more at: http://www.inman.com/2014/02/03/the-x-factor-in-the-buy-vs-rent-equation-how-long-will-you-stay/?utm_source=20140204&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.qKj4wttM.dpuf

Manhattan apartment market closes out crazy year with record-smashing quarter | Armonk Homes

Leave a reply

We’ve said it before, but now we can say it definitively: 2013 was a banner year for real estate, particularly for high-end residential sales. In fact, so many real estate records were smashed in the fourth quarter, according to reports released today by the city’s biggest residential brokerages, that data wonk Jonathan Miller said it was hard to count them all.

The last three months of 2013 had the most sales of any fourth quarter since Miller began compiling the data 25 years ago, according to the report that his appraisal firm, Miller Samuel, prepared for Douglas Elliman. Median condominium sale prices and inventory were also at a record high and low, respectively, Miller said.

“The fourth quarter is usually the weakest,” he said. “But we have a lot of records going on this quarter. It’s a bit of an anomaly.”

In the fourth quarter, 3,297 apartment transactions closed in Manhattan, a 26 percent increase over the same period in 2012, and the median condo sale price hit $1.32 million, up 14.3 percent from $1.13 million this time last year, the Elliman data show. Part of the reason for the spike was that larger units sold, Miller said.

The overall median sale price was $855,000, up 2 percent from a year ago.

The median cost for a one-bedroom condo was $891,000 last quarter, up 9.19 percent from $816,000 last year at this time, whereas two-bedrooms ticked in at a median of $1.83 million, up 12.2 percent from $1.63 million, according to Town Residential’s fourth quarter report. Three-bedroom condos hit $3.22 million, up 3.8 percent from $3.1 million year-over-year.

Co-op prices were up 4.6 percent year-over-year, to a median sale price of $680,000 in the fourth quarter, according to Elliman’s data.

And according to Halstead Property, new development sale prices in the last quarter averaged $1,562 per square foot, up a whopping 26 percent from 2012’s average, about $1,230 per square foot – another record. (Halstead shares data with sister brokerage Brown Harris Stevens.)

http://therealdeal.com/blog/2014/01/03/manhattan-apartment-market-closes-out-crazy-year-with-record-smashing-quarter/

Manhattan apartment sales hit a high | Armonk NY Homes

Leave a reply

Sales of Manhattan apartments have hit a fourth-quarter record, with wealthy international buyers competing with New Yorkers to get a foot in the door as prices soar.

The number of purchases rose 27 percent compared with the same period the year before to 3,297, according to new data released on Friday. Although down from 3,837 in the third quarter, this was the highest fourth-quarter tally since records began 25 years ago, according to appraiser Miller Samuel and brokerage Douglas Elliman Real Estate.

(Read more: New York is running out of luxury apartments)

Limited supply has led to buyers often making immediate all-cash offers, participating in bidding wars and making decisions based on floor plans alone, in an echo of the previous property boom. The number of days a property was on the market in the fourth quarter almost halved from the previous year to 95 days.

“Demand from foreign buyers has never been stronger. Those from the Middle East, Russia, South America, China have been on an incredible buying spree and it is these sales that are driving prices,” said Pamela Liebman, chief executive of property broker The Corcoran Group.

The median price of a luxury apartment – usually above $3 million – jumped 10 percent from a year ago to $4.9 million.

(Read more: New York apartment prices hit four-year high)

An abrupt increase in mortgage rates over the summer tipped more buyers into the Manhattan market at a time when inventories were already tight, a trend that continued to the end of 2013.

“This wasn’t a sleepy year end,” said Jonathan Miller, president of New York-based Miller Samuel. “There was a lot of good economic news last year and people from New Yorkers to international investors were keen to secure the best buying conditions from mortgage rates to prices. It was a record third quarter and now a record fourth.”

http://www.cnbc.com/id/101307173