Tag Archives: Mt Kisco NY

Paul McCartney Eyes $13M 4BR Condo On Fifth Avenue | Mt Kisco NY Homes

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A four-bedroom condo on Museum Mile that’s been sitting on the market for more than a year got some Christmas love from former Beatle Sir Paul McCartney. The Post reports that McCartney and his wife, Nancy Shevell, checked out unit 16B at 1049 Fifth Avenue, currently listed for $12.9 million. The 3,335-square-foot apartment was originally listed in October 2012 for $13.5 million, but had its price reduced by $500K in July 2013. The home has Central Park views and design details one expects from a prewar Fifth Avenue building: coffered ceilings, rosewood herringbone floors, marble bathrooms, and a mahogany paneled library.

 

 

http://ny.curbed.com/archives/2013/12/26/paul_mccartney_eyes_13m_4br_condo_on_fifth_avenue.php

We vent attics for four reasons | Mt Kisco Homes

Most homeowners and builders believe that attics should be vented. If you walk down to your local lumberyard and lean on the counter, the employees and nearby customers will offer a variety of opinions about why attics need to be vented. Unfortunately, it’s highly unlikely that the statements you hear will be true.

Here are the four most common reasons people suggest to explain the practice of venting attics:

  • To reduce the chance of moisture build-up in the attic or condensation on the underside of the roof sheathing.
  • To make roofing shingles last longer.
  • To lower cooling bills during the summer.
  • To reduce the chance of ice dams.

Although attic ventilation is sometimes able to contribute in a very small way to addressing the problems on this list, there are much better solutions to all four problems than ventilation.

What does the code require?

If you plan to install insulation on your attic floor, then most building codes require that your house be equipped with soffit vents.

The standard code formula requires 1 square foot of net free ventilation area for every 300 square feet of attic floor area, assuming that half of the ventilation openings are located in the soffit, and half along the ridge. If a roof has only soffit vents and no ridge vents, most codes require 1 square foot of net free ventilation area for every 150 square feet of attic floor area.

Good news for California homeowners facing short sales | Mount Kisco Real Estate

Under regular tax rules, when a lender forgives a debt — that is, relieves the borrower from having to pay it back — the amount of the debt is taxable income to the borrower.

A homeowner who has $100,000 in mortgage debt forgiven through a short sale, for example, would have to pay income tax on the $100,000.

This “cancellation of indebtedness” rule could have caused enormous financial hardship to the millions of homeowners whose homes were “underwater” during the home foreclosure crisis that began in 2007. To prevent this, Congress enacted the Mortgage Forgiveness Debt Relief Act of 2007.

This law allowed homeowners to exclude from their taxable income up to $2 million of debt forgiven on their principal residence by a lender in a short sale, mortgage restructuring, or forgiven in a foreclosure. This law was never intended to be permanent. It was originally scheduled to expire at the end of 2009.

However, it was extended for an additional four years. It will now expire at the end of 2013. The law could be extended again, but there appears to be little urgency in Congress to do so. That means starting on Jan. 1, 2014, there is a good chance that the old rules on forgiveness of home loan debt will come back into force.

 

 

See more at: http://www.inman.com/2013/11/25/good-news-for-california-homeowners-facing-short-sales/#sthash.WbCTNyDm.dpuf

City Unveils Designs For Midtown’s East River Greenway | Mt Kisco Realtor

ODR-Esplanade-rendering.jpg

Midtown East residents, long envious of the lush riverfront parkland their West Side counterparts enjoy, got a sneak peek of the design plans for the East Side waterfront esplanade at last night’s Community Board 6 land use committee meeting. The project is part of a plan to complete the Manhattan Waterfront Greenway (which surrounds the borough) by filling in the undeveloped gap between East 38th Street and East 60th Street along the East River. The esplanade, which is created to appear as if it’s floating on top of the water with 30 feet separating it from the bulkhead, will have two distinct paths: one for bike riding, the other for pedestrian traffic. Cali Kay Gorewitz, Vice President of Development at NYC Economic Development Corporation explained that at certain points, the material used for the ground will allow pedestrians to see through to the water below “raising the uniqueness of the site.”

48th-Street-Node-rendering.jpg[48th Street Node]

NYCEDC has been working with community work groups to decide on other design aspects. Together they’ve come up with a plan that divides the esplanade into three sections: one running from East 38th to East 41st Street, the next from East 41st to East 53rd Street, and the third from East 53rd to East 60th Street. Planters and trees will run along the entire length, and there will be three major gathering places called nodes, each having “its own personality” said Ama DuSolier, lead designer for AECOM, the company contracted to design the esplanade.

53rd-Street-node-rendering.jpg[53rd Street Node]

The first node scheduled to open in 2015 is a waterside pier, which will be constructed from an old pier Con Edison formerly used for fuel deliveries. It will center on active recreation and include places to eat and socialize. Another section, called the ribbon, will focus on walking, biking, planting and seating. The 48th Street node will facilitate gatherings like outdoor shows and will have amphitheater seating, while the 53rd Street area will focus on environmental education and incorporate places to fish. All of the nodes are designed to be multi-functional.

Node-blueprint.jpg[Blueprint of the nodes]

In a post-Sandy world, thought also went into ensuring the esplanade will be able to withstand stronger storms. It will be built three feet higher than the 100-year flood line, which is about six and a half feet (Sandy’s storm surge was 13 feet) and six to eight feet above the FDR Drive.

Esplanade-looking-North.jpg[Looking north on the esplanade]

Community reaction to the design renderings was largely positive, with some residents calling them “wonderful” and “lovely.” Joan Boyle, a 19-year resident of East Midtown, called the plans “gorgeous” and is looking forward to having a place where people could walk a dog, ride a bike, or just walk along the riverfront. But Boyle was concerned that the promises of a beautiful esplanade for the neighborhood would never come to pass. While “it’s wonderful to look at this,” she said, “I expect it won’t ever happen.”

Esplanade-dimensions.jpg[Cross-section showing the esplanade dimensions]

True enough, considerable hurdles remain. The project is relying on anticipated funding by a United Nations deal. A Memorandum of Understanding between the city and the state allowed for the use of a portion of the Robert Moses Playground for a new UN building.  In exchange, the United Nations Development Corporation agreed to pay the city $73 million toward the esplanade. However, Gorewitz estimates the full cost of the project to be about $200 million, so the sale of other property currently leased by the UN will be necessary to complete it.

Project-phasing-timeline.jpg[Project timeline]

Next steps for this project include filing permits with Department of Environmental Conservation, Army Corps of Engineers, and the Coast Guard which are expected to take 12-18 months to get approved. In the meantime, as part of the Memorandum of Understanding, Asser Levy Place (the two blocks between East 23rd and East 25th Streets) has closed to traffic and will be turned into a park. It’s expected to open to the public next year.

Aerial-view-rendering.jpg

—Kizzy Cox · Manhattan Waterfront Greenway [nyc.gov] · East River Waterfront coverage [Curbed] · Robert Moses Playground coverage [Curbed]

 

 

http://ny.curbed.com/archives/2013/11/07/city_unveils_designs_for_midtowns_east_river_greenway.php

 

Video Shows Alleged Newspaper Swap Incident In Mount Kisco | Mt Kisco Homes

A video released today appears to show a distributor of the Hudson Valley Reporter swapping copies of that newspaper with The Examiner in an alleged incident that occurred on Friday at the newspaper racks outside the Mount Kisco Coach Diner.

The video link was provided to The Daily Voice by Adam Stone, the publisher of The Examiner, and was compiled by Matt DiBiase, a private investigator hired by Stone from Mahopac-based Colonial Investigative Associates. (The alleged incident occurs at the beginning of the 31-minute, 45-second video, which later includes the arrival of a police officer to investigate at about the 20-minute mark.)

Jim Palmer, the Mount Kisco village manager, confirmed to The Daily Voice on Friday that Michael Espinoza was arrested at approximately 6 a.m. that day and charged with criminal tampering.

The arrest has attracted national attention. Gawker linked to The Daily Voice’s original story.

Hudson Valley Reporter publisher Faith Ann Butcher referred inquiries regarding the alleged incident to her Carmel-based attorney, Raymond Cote, when she was contacted by The Daily Voice on Friday. Cote said it was too early in the process to comment.

 

http://mtkisco.dailyvoice.com/news/video-shows-alleged-newspaper-swap-incident

 

NBA’s Paul Pierce nabs $35K per month Franklin Tower pad | Mt Kisco Real Estate

Paul Pierce and Franklin Tower

Paul Pierce and Franklin Tower at 90 Franklin Street

NBA All-Star Paul Pierce has moved into a full-floor Tribeca loft at the Franklin Tower. The Boston Celtics legend, who jumped this year to the Brooklyn Nets, will move into a 5,000-square-foot home at 90 Franklin Street that was on the rental market asking $35,000 per month.

Pierce’s pad was listed with CORE Group’s Oliver Brown, who declined to comment to the New York Post, which first reported the story. The apartment has four bedrooms and 28 windows and includes a wood-burning fireplace, according to the listing.

The 18-story building is also home to Mariah Carey, who owns the penthouse, the Post said. [NYP, 1st item]  – Hiten Samtani

 

 

 

http://therealdeal.com/blog/2013/10/17/nbas-paul-pierce-nabs-35k-per-month-franklin-tower-pad/

All Together Now: Tackle Home Projects With a DIY Co-op | Mt Kisco Real Estate

y sister Torey just moved. She and her husband are completely renovating their new house. They have accomplished so much in just a couple months, but the remaining to-do list is long. The underlying disorder is sending my Naturally Organized sister into a tailspin. My house is only a couple of years old, but I’m still working to make it home, so I have a list of things to do too.
Last week Torey mentioned she really needed to paint her front door. I intended to paint my back doors as soon as the weather cleared. “We should work together!” she said. And just like that, our DIY co-op was born. We’ve been in business a week, and both of us have crossed a task we were dreading off our list — and we’re looking forward to crossing off more.
Does this sound like a dream come true? Setting up your own DIY co-op may not be as simple as a quick phone call to your sister, but it may be easier than you think. When considering a possible DIY co-op partner, ask yourself a few things.
Is the candidate:
• Committed? You need someone who is going to show up when she says she will. Many of us have at least one of those friends — we love her to death — but our plans with her always have an imaginary asterisk beside them. If your friend isn’t reliable, no matter how wonderful and talented she is, forget about it. No flaky friends allowed.
Fun to be with? When you are tackling arduous projects, it’s incredibly draining. Being able to laugh with another person can be a lifesaver. Lacking a sense of humor may not be a deal breaker for you, but it is for me.

traditional kitchen by Crisp Architects

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Does the candidate:
Have projects? Obviously a co-op needs to be mutually beneficial. If you have a friend who’s rude enough to have her home perfectly up-to-date and beautifully in order, don’t bother asking her to be your DIY co-op partner.
Have equal or complementary skills, goals and energy levels? This simply means you want and are capable of achieving the same things. Torey and I aren’t DIY wonders, but we can paint and organize and clean. She’s Naturally Organized and I am not, and we each have areas where we shine and those where the fetal position seems our only option. As far as our goals go, we both want to have clean and organized homes that are havens for our family and friends. We want to create lovely environments where you feel good just walking through the door. Our differences bring more to the table, and our similarities keep us there. And our energy levels are close enough that we’re able to work together.
Once you’ve found your DIY co-op partner, you need to schedule work times. Be sure to limit them to one house a day. Because of the flexibility in our schedules, Torey and I have settled on Monday mornings at her house and Wednesday mornings at mine. If you work at a job full time, you may want to work in the evenings or on weekends, and only one DIY day a week may be best. You can decide what works for you.
traditional garage and shed by Flow Wall System

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Establish the Ground Rules
These may evolve, but talk a few things through in the beginning, and as with your schedule, adjust as you go. This is what Torey and I have agreed to:
1. The helper hauls the junk away. A big project will be tiring for both of you, but when it’s your house, the exhaustion is on a whole ‘nother level, and dealing with a pile of trash bags or Goodwill boxes may be the final straw. And out of sight is out of mind.
On our first workday, we sorted through the many boxes of Torey and David’s books. David decided to go digital with everything except art books. We sorted box by box into “keep,” “donate” and “sell” piles. I bagged everything up and loaded it all into my van. That evening David remembered an expensive philosophy book he wanted to hold on to, but that was it.

Fireplace cooking may be a lost skill, but it’s one you can regain with a little practice | Mt Kisco Homes

Except for Scouts toasting  marshmallows or hotdogs on a stick over a camp  fire, the skills of open  fire cooking that fed our forebears for millennia are  largely forgotten. The wrought iron tools and cast-iron utensils that baked many  a venison stew, harbor-pollack chowder, or mess of ham and beans are relegated  to antique shops. But much of the terminology lives on in the names of  items  still found on the kitchen shelves of today, and much of the old  ironware is  still cast — more for its curio value than for use. In the  frantic hassle that  passes for modern life, it is good on a chilly fall  evening to light a grate  fire and take the time to try your hand at fireplace cooking the way  great-great-great-grandmother did. If the spit-roasted haunch turns out  cold  in the middle and the Yorkshire pudding burns you can always send  out for a  pizza or get some fish sticks out of the freezer and pop them  into the  microwave.

Any fireplace will happily cook while it heats — persuading your wood to do  double duty. Refer to pellet stove guide for it’s installation. You can wrap sweet corn,  potatoes, fresh-ca’ught trout, and apples  in tinfoil and bury it in the  ash bank just as you would in a camp fire. But  there’s no timer or  automatic thermostat to regulate a live fire for more  complex recipes.

It takes constant attention to bake bread in a Dutch oven that is sitting  in  coals, with more coals shoveled into its dished top so the loaf cooks through  and browns on top but doesn’t come out raw in the middle and  burnt to a char on  the bottom. To maintain a simmer in the stew pot  which is hanging by its bail  from the trammel hook, the crane must be  moved back and forth and the pot  adjusted up and down while hot coals  are continually moved around with a  scuttle and ash rake.

You can  have a crane that fits your fireplace wrought by a blacksmith or  welded  by a metal-working job shop. You can still find small stamped-steel coal  scuttles for sale, but you’ll have to fashion your own rake; they  haven’t been  manufactured for a hundred years and more. Some companies like Skilled Welding can make something simular to a rake as a special request but they can be expensive. You can make your own by brazing a 1/4″ x 2″ x 4″ plate of iron or ribbon  steel to a handle made from  a 2′ steel rod with a loop fashioned at the  end to hang it by. However, a small  hand hoe from the garden will do  fine so long as you don’t let the wooden  handle ignite.

Be sure to have on hand a more than ample supply of cooking wood: quarter and  eighth splits of extra-well-dried, dense hardwood sticks for a long fire and a  long-lived coal bed, plus plenty of shavings, splinters, and  small  kindling-size splits to liven the fire quickly if the biscuits  threaten to  fall. Best is a mixture of quick-igniting and hot-burning  softwoods such as  pine, and long-burning hardwoods such as hickory or  oak.

Open the windows so you don’t roast yourself along with  supper, and perk up  a banked or low, heating-type, hardwood-log fire  until it’s brisk enough to  maintain a deep bed of live coals. For  roasting on a spit, maintain a skirt of  live coals under the burning  logs so you can keep raking them out and under the  roast. For frying on a gridiron or skillet, simmering beans in a footed pot, or  baking in a  Dutch oven, you’ll also want to rake coals out onto the hearth and  keep  them replenished.

Roast Haunch of Beef and Yorkshire Pudding

You will need a spit: a revolving horizontal wrought iron rod with a pair  of  sliding meat keepers that is rigged to be raised and lowered over the fire or  fixed in place so you must continually replenish a coal bed  beneath it. The  motorized spits sold for charcoal grills are ready-made  for the use, though you  can have one made of wrought iron to the old  patterns by a blacksmith.

Skewer a whole beef loin or rack of  prime rib — bone in — and set in front  of a hot fire with a good skirt  of glowing coals. Keep the coal bed red. Place  a long, narrow pan  underneath to catch drippings or the fat in the roast will  melt, fall  into the coals, catch fire, and char the roast. Worse, some will  vaporize and rise up the flue with smoke, to accumulate and increase  danger of  a flue fire. Plus, your hearth will develop a permanent grease spot. Turn the  spit frequently and cook the meat to taste. (I cheat and use a meat thermometer,  cooking until it shows 130°F — rare, but not  still mooing, inside.) When the  roast is nearly done, rake coals out  around the pan to cook the Yorkshire  pudding. When grease is sizzling  brightly, add batter and cook until it rises  and browns on top. Turn the pan occasionally to even out the cooking. If you  have a reflector,  place it in front of the meat and the pudding pan if you  like. It will  distribute the heat and reduce need for turning.

Read more: http://www.motherearthnews.com/print.aspx?id={5BE839CB-8DB5-42D1-8031-27D76CA7794D}#ixzz2hnUx7syS

Tornado Watch In Effect For Westchester Monday | Mt Kisco Real Estate

The National Weather service has issued a tornado watch for Westchester through 5 p.m. Monday.

A tornado watch means conditions are favorable for severe thunderstorms to form, but it also means that a few storms may be capable of producing a tornado, according to the National Weather Service. A tornado warning is the ultimate in severe warnings and means that a tornado is either occurring or imminent based on radar.

 

 

http://mtkisco.dailyvoice.com/news/tornado-watch-effect-westchester-monday

Lenders Loosen up as Refis Tank | Mt Kisco Real Estate

In July, lenders loosened up their underwriting standards more than they have in yeas as purchase mortgages overtook refinancing as the leading source of mortgage originations according to Ellie Mae’s July Originations report.

“In July, the mix of purchase loans to refinances was 53% versus 47%: the largest percentage of purchase loans since we began tracking the data in August 2011,” said Jonathan Corr, president and chief operating officer of Ellie Mae. “This was a further indication that housing seems to be improving. Just six months ago, 73 percent of all mortgages were refinancings.

“Credit standards continued to ease in July,” said Corr. “The average FICO score fell to 737, from 742 in June 2013, and it is now at the lowest level since we began our tracking in August 2011. Similarly we saw slight increases in both loan-to-value and debt-to-income ratios last month-signs that lenders are willing to accept slightly more risk to maintain volume. Dent to income ratios also have risen to the highest level since Elli Mae began tracking mortgage data in February 012.

To get a meaningful view of lender “pull-through,” Ellie Mae reviewed a sampling of loan applications initiated 90 days prior (i.e., the April 2013 applications) to calculate an overall closing rate of 55.4% in July 2013, up from 54.3% in June 2013.

MONTHLY ORIGINATION OVERVIEW FOR JULY 2013

July 2013*

June 2013*

6 Months Ago
(January 2013)*

1 Year Ago
(July 2012)*

Closed Loans

Purpose

Refinance

47%

51%

73%

58%

Purchase

53%

49%

27%

42%

Type

FHA

19%

19%

18%

24%

Conventional

71%

71%

74%

67%

Days to Close

All

47

47

54

48

Refinance

48

47

55

48

Purchase

46

46

51

47

ARMs vs. Fixed, Length, Rate

ARM %

5.2%

4.0%

2.1%

3.1%

15 Year %

15.5%

16.5%

16.9%

15.3%

30 Year – Note Rate

4.357

3.918

3.634

3.870

*All references to months should be read as month ended.

PROFILES OF CLOSED AND DENIED LOANS FOR JULY 2013

Closed First-Lien Loans

Denied Loans

(All Types)

(All Types)

FICO Score (FICO)

737

702

Loan-to-Value (LTV)

81

84

Debt-to-Income (DTI)

24/36

28/44

 

 

 

 

Lenders Loosen up as Refis Tank | RealEstateEconomyWatch.com.