Douglas Elliman, who founded the eponymous brokerage in 1911, is sometimes credited with being the man who made uptown chic. So it stands to reason that he got in on the ground floor, commissioning a six-story Neo-Federal red brick townhouse from architect S.E. Gage in 1909. It also stands to reason that that townhouse has proved to be quite the solid real estate investment, selling—most recently—for $5 million in 1999 and $9.5 million in 2006. Now, 177 East 71st Street finds itself back on the market again, asking $18.25 million. The brokerage handling the sale is, of course … Brown Harris Stevens? Ouch. (Sotheby’s had the listing last time around.)
Tag Archives: Chappaqua Luxury Homes
Millwood Fire Department to break ground on new firehouse | Chappaqua Real Estate
After years of planning, the Millwood Fire District and the Millwood Fire Company #1 will hold a groundbreaking ceremony Sunday, Oct. 6 for the new firehouse in the hamlet in the town of New Castle. The event will kick off the Fire Company’s annual open house.
From the invitation:
Celebrations start at 11:15 at Station #1 located at 60 Millwood Road in downtown Millwood. We’ll gather for coffee and donuts at the old firehouse before making our way to the new site for the groundbreaking ceremony. We’ll then return to Station #1 for a BBQ, truck rides and crafts for the kids, a trolley ride through the District, as well as fire safety education for kids and adults. Open House starts at 1 PM.
Survey: Affluent homebuyers will give up space for amenities | Chappaqua Real Estate
The vast majority of luxury homebuyers used an agent, are willing to give up square footage for an amenity they want and wouldn’t live in a home that isn’t tech-friendly, according to a survey commissioned by Better Homes and Gardens Real Estate.
The online survey of 500 affluent homebuyers, conducted by Wakefield Research between May 20 and June 4, also showed that most luxury homebuyers believe homeownership is a more sound investment than the stock market, would rather live in a “smart” home than a “green” home, and would rather have an upgraded home than more square footage.
“The luxury consumer is considered a trendsetter in most industries, and to see the strong connection this consumer has with ‘home’ is very significant as we look at the real estate market as a whole,” said Sherry Chris, president and CEO of Better Homes and Gardens Real Estate, in a statement.
| Luxury homebuyer survey statement | Percentage of respondents agree |
| Used an agent for real estate services | 96% |
| Willing to give up 1,000 square feet of living space in their next home for a lifestyle amenity they want | 94% |
| Believe their house is the best on the block | 93% |
| Wouldn’t live in a home that isn’t tech-friendly | 87% |
| Homeownership is a more sound investment than the stock market | 75% |
| Consider a “smart” home more important than a “green” home | 66% |
| Rather have upgraded home than more square footage | 60% |
| Own multiple homes | 58% |
| Homeownership is a bigger indicator of success than their job or title* | 57% |
| Prefer owning multiple “lifestyle” homes to support recreational activities like skiing and theater-going | 53% |
Source: Online survey of 500 luxury homebuyers between May 20 and June 4, 2013, conducted by Wakefield Research *Of those luxury homeowner survey respondents who have jobs
A majority of the affluent homebuyers surveyed said they used an agent for neighborhood lifestyle insight (65 percent) as a source of advance info for new listings (64 percent), as a go-to source for housing trends (55 percent) and for support through the homebuying process (53 percent).
More survey results:
– See more at: http://www.inman.com/2013/09/10/survey-affluent-homebuyers-will-give-up-space-for-amenities/#sthash.r1LgFpQO.dpuf
Work Begins at New Millwood Firehouse | Chappaqua Real Estate
Work is underway at the long awaited Millwood Firehouse.
The fire department announced on its Facebook page that it had received a permit from the New Castle Building Department on Aug. 27.
Site work began on Aug. 30, according to the Facebook page. Currently, a path is being carved out and vegetation is being cleared.
The 9-acre 18,000 square foot site is located at 100 Millwood Road. Millwood’s current firehouse at 60 Millwood Road was built in the 1920s.
Millwood Fire District voters approved a bond referendum in 2011 for up to $13.95 million in spending for the new firehouse.
The commissioners board said the fire department expects to move to its new home on the fire company’s original firehouse’s 90th anniversary.
Construction is expected to be completed by late fall 2014.
http://chappaqua.dailyvoice.com/news/work-begins-new-millwood-firehouse
Foreclosures Distort Home-Price Measure | Chappaqua NY Homes
The housing bust obviously depressed the real estate market, but a new study shows that a big jump in distressed sales during the worst of the downturn may have exaggerated swings in at least one key measure of house prices.
Federal Housing Finance Agency
economists William Doerner and Andrew Leventis examined markets in Miami and Tampa, Fla., to gauge the impact of bank-owned property and short sales on the FHFA’s house price index.
The findings, released in a new paper: distressed sales dragged the index down as housing bottomed out and now are boosting numbers a bit.
“The presence of distressed sales in the standard HPI had a depressing effect on measured price changes. In more recent periods, when distressed sales comprised a shrinking percentage of real estate transactions, the Working Paper reveals the opposite effect. As the ‘weight’ of distressed sales on the standard index decreased in recent periods, the depressing effect lessened over time. This meant that the price appreciation observed in the standard FHFA index was somewhat above what the distress-free measures reported.”
The FHFA’s index is one of several measures that the industry and economists use to gauge the health of the real estate market. The latest data, released July 23, showed that house prices appreciated a seasonally adjusted 0.7% in May from the prior month — the 16th consecutive increase. The report reinforced views that the housing market is rebounding.
The study by Messrs. Doerner and Leventis doesn’t change that. But it does point to some distortion in the index through boom-and-bust cycles.
In the late 1990s, for example, distressed sales in the Miami and Tampa markets tended to price about 10%-15% less than normal sales. As the housing boom accelerated, the discount shrank to 5% and 10%. But from 2007 to 2010, that figure jumped to near 30%.
“In recent quarters, with the onset of the recovery and rising home prices, such discounts have become slightly more modest. In the first quarter of 2013, for instance, the average discount was about 25%,” the authors write.
The paper cautions that the results for Miami and Tampa might not be duplicated in areas that experienced a less dramatic crash or saw fewer distressed sales.
New Castle Working With Con Edison On Storm Response | Chappaqua Real Estate
The Town of New Castle Administrator Penny Paderewski released a report on Tuesday on the town’s efforts of improving communication with Con Edison during storms.
Paderewski noted that she and other town officials witnessed a demonstration of new software tentatively called “Dashboard” that will allow officials and, eventually, residents to see exactly where the outages are during storms.
The program will also let officials and residents know when power is expected to come back online and what resources have been sent out to resolve the issue.
Paderewski also reminded New Castle citizens to sign up for the town’s CodeRED Emergency Alert robo-call system by visiting the town’s website.
The administrator also noted that Con Ed intends to train local municipal crews in identifying non-live wires so that local DPW crews can help with clearing so that restoration can start more quickly after storms.
“We look forward to that training and are waiting for notification as to when this will begin,” Paderewski said in the report.
Paderewski also informed the public of news that New Castle and Greenburgh will install generators, courtesy of the Department of Transportation, that will allow many, if not all, of the town’s traffic signals to function during outages.
read more…
http://chappaqua.dailyvoice.com/news/new-castle-working-con-edison-storm-response
National Guard Holds Disaster Response Training in Westchester | Chappaqua Real Estate
Soldiers and airmen from the New York National Guard responded to a “train derailment and chemical spill” on Friday in Valhalla.
There were no reports of injuries, fatalities, or even property damage, however, as it was all part of a training evaluation Friday afternoon at the Westchester County Fire Training Center.
“This is to be prepared for chemical, biological, radiological — those worst case scenarios,” said Army Col. Richard Goldenberg. “This is a specially trained and designed team that is meant to bridge the gap between local responders and all the assets of a federal government that can take a number of hours to get to a site.”
According to Goldenberg, the unit is called the Homeland Response Force which works in conjunction with the Federal Emergency Management Agency. The soldiers support FEMA region II of New York, New Jersey, Puerto Rico and the U.S. Virgin Islands. The training exercise they must execute involves three elements: Search and Extraction, Decontamination and Triage.
“This allows us to look at everything holistically,” said Goldenberg. “We get to see everything start to finish, soup to nuts. Can we pull it off? Can we get it set up together? Can we have the medical team linked to the decontamination team? Does the communication work for everybody? That’s the real benefit of a collective training exercise.”
http://chappaqua.dailyvoice.com/news/national-guard-holds-disaster-response-training-westchester
Health Department Issues Heat Advisory In Chappaqua | Chappaqua Real Estate
WESTCHESTER COUNTY, N.Y. — With temperatures soaring towards 90 degrees on Monday, the Westchester County Health Department has issued a county-wide heat advisory.
Residents are advised to avoid strenuous activity, drink plenty of non-alcoholic, non-caffeinated beverages, and take precautions to prevent heat-related illness.
The Health Department also stated to residents to be alert for symptoms of heat stroke.
Symptoms include hot, red, dry skin; shallow breathing; a rapid, weak pulse; and confusion. Anyone suffering from heat stroke needs to receive emergency medical treatment immediately. Call 911 if you suspect heat stroke and immediately cool the overheated person while waiting for emergency help to arrive.
“Heat stroke and dehydration can take you by surprise,” Westchester County commissioner of health Dr. Sherlita Amler said in a statement. “The elderly, young children and those with high blood pressure, heart disease, or lung conditions need to be especially careful to avoid heat-related illnesses. High humidity and some medications can also increase a person’s risk for heat stroke.”
While less dangerous than heat stroke, heat exhaustion also poses concerns. Seniors, children up to age four, people who are overweight or who have high blood pressure and those who work in hot environments are most at risk. Signs include headache, nausea or vomiting, dizziness and exhaustion, as well as cool, moist, pale or flushed skin. People suffering from heat exhaustion should be moved out of the sun and have cool, wet cloths applied to their skin.
For more information, visit the Westchester County Health Department Website.
If You Won’t Offer Gen Y Prospects What They Want They Will Go Away | Chappaqua Real Estate
Generation Y is getting older, they’re buying homes and they are now starting to improve and remodel the homes they own. As more and more of them grow older the number of Gen Y homeowners will quickly grow. Therefore, they will quickly become a major share of the potential prospects for remodelers and other contractors. In an earlier blog about prequalifying and selling to Generation Y, I discussed the fact that members of Gen Y are used to getting information instantly and for free using key word Google searches to find internet content. Technology and the internet have definitely defined how Generation Y does all their research and makes their remodeling or home improvement buying decisions. Having a contractor web site and what is put on it for information will make or break whether Gen Y prospects will be doing business with a remodeling contractor or not.
There are two ways to think about the title of this blog
First, if you don’t have a web site, or if your site doesn’t offer the information Gen Y is looking for, they won’t bother with your business if another remodeler’s business does. Second, if your web site doesn’t explain how you do business as well as the kind of projects your willing to do, internet savvy gen Y remodeling prospects will move on. Remember, they’re probably not going to call you to find these things out. They’ll just go back to the Google search page and find another contractor’s site that does. So, if you want them to attract them and you want to motivate them to do business with your remodeling company you better make sure they find what they are looking for when they find your contractor web site.
“Knowledge is knowing a tomato is a fruit.
Wisdom is not using it in a fruit salad.”
What if you want them to go away?
Yes, you read that right. Not all Gen Y prospects will be right for a remodeler’s business. Their motivations to buy and what will be important to them may not be a match with what you offer, who you have on staff or how you do business. Working with the wrong customers can also compromise profits and might not be very satisfying for the business owner or employees. If you want to maintain a defined business process, and remain in control as you do business and produce your projects, you need to avoid working with customers who would probably be better off working with some other remodeling contractor.
To help Gen Y prospects prequalify themselves before they contact you (or for that matter prospects from any generation) make sure the content you put on your site has been strategically decided and written to serve this purpose. For example, if you charge for design services make that clear on your site. Or, if you won’t allow customers to provide any of their own materials make sure you discuss this fact on your web site. Conversely, to attract the right prospects, explain why you charge for design or won’t allow them to provide the materials. Blogging is a great way to accomplish these goals. Who knows, your logic might just discourage some prospects from wanting to provide their own materials or go with a contractor who offers free design!
Help with Your Tax Returns | Chappaqua Real Estate
If you’re struggling to complete your tax return, students at Ossining High School may be able to help.
Every Wednesday from now through April, with the exception of March 27, high school business students will be preparing taxes for community residents free of charge through the Volunteer Income Tax Assistance Program, said Debra Jacoby, the business teacher who organized the service.
Students participating in the program, all of whom are studying accounting, were specially trained and had to pass a series of exams in order to qualify, Jacoby said. In addition, all returns will be reviewed by Jacoby, who is a CPA. Students will prepare returns on Wednesdays from 4 p.m. to 8 p.m. in room 111 at the high school.
The service is limited to taxpayers earning less than $51,000 a year. Taxpayers must bring a photo ID, social security cards for the taxpayer and any dependents, as well as tax documents including W-2 forms, 1099s etc.











Generation Y is getting older, they’re buying homes and they are now starting to improve and remodel the homes they own. As more and more of them grow older the number of Gen Y homeowners will quickly grow. Therefore, they will quickly become a major share of the potential prospects for remodelers and other contractors. In an 