Tag Archives: Westchester Homes for Sale

Westchester Homes for Sale

Big Reveal: How Much for This Waterfront Noyack Four Bed? | Bedford NY Homes

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Address: 58 Noyac Harbor Rd, Sag Harbor, NY 11963 Asking Price: $2.495M Close. Very close. But no cigar! The most popular guess for this listing was $2.795M, which is 300K more than the actual price. (Bargain!) You folks liked this serene updated waterfront cottage, though one commenter noted that the property is “just a little more congested than those perfect photos.” · Waterfront Beach Cottage [Town&Country] · How Much for This Waterfront Noyack Four Bed? [Curbed Hamptons]

Once $95M, 15 CPW Combo Now Asking a Paltry $70M | Bedford Corners Real Estate

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15CPW_35S_floorplan.jpg

The tale of combination unit #35AB—the massive, 6,000-square-foot apartment owned by steel tycoon Leroy Schecter—at 15 Central Park West is well-documented, but it just got a little more interesting, now that its back on the market asking $70 million.

Schecter bought units A and B at 15 CPW for $18.9 million a few years back, renting out one of them to A-Rod before allowing unit A to assimilate all in its path like the terrifying, insatiable Borg, against which resistance is futile.

In August 2012, the combined Borg-unit hit the market asking an insane $95 million, where it remained unsold for almost a year, until last April, when its price decreased by $10 million. Now, after switching brokerages, its ask has been chopped yet again, settling at its current “still-absurd-but-slightly-less-insane-because-that-is-somehow-normal-in-New-York-these-days” $70 million.

Its been a rollercoaster ride, but will that $25 million pricechop be enough to sell this place? · Listing: 15 Central Park West #35AB [Brown Harris Stevens] · Leroy Schecter coverage [Curbed] · 15 Central Park West coverage [Curbed]

Let’s hope the new predicaments afflicting both parties will now force them to do useful things | Chappaqua NY Real Estate

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Let’s hope the new predicaments afflicting both parties will now force them to do useful things | Inman News.

Shanghai Raises Home Down-Payment Requirement as Prices Jump | Pound Ridge Real Estate

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Shanghai raised the minimum down payment required for buyers of a second home to 70 percent from 60 percent as house prices in China’s financial hub surge.

Counties and municipal departments should take measures to ensure the city’s annual price-control target is met, according to a statement on the local housing bureau’s website. The city also tightened the qualifications required for non-local home buyers and will increase residential land supplies, according to the statement.

Home prices in China’s four major cities jumped the most in September since January 2011, heightening concerns a bubble is forming as the national government refrains from introducing more property curbs that would hinder economic growth. Prices surged 17 percent in Shanghai from a year earlier, the biggest gain in the 70 cities the government tracks, only behind the 20 percent jump in the southern business hubs of Shenzhen and Guangzhou.

“It’s more like they are gesturing that they are serious about property curbs” after Beijing and Shenzhen’s tightening measures, said Dai Fang, a Shanghai-based analyst at Zheshang Securities Co. “The wait-and-see atmosphere may grow a little bit and sales may slow a little as fewer people can buy now.”

New home prices excluding government-sponsored social housing jumped 21 percent in Beijing in September from a year earlier, defying the strictest property curbs among all cities, according to the latest data from the National Bureau of Statistics. The Chinese capital raised down payment for second homes to 70 percent in March.

 

Local Measures

 

Former Premier Wen Jiabao in March stepped up a three-year campaign to contain price gains, ordering cities with excessive increases to raise down payments. Shenzhen made the move only on Nov. 1. Guangzhou, now the only of the four so-called first-tier cities that hasn’t raised down-payment requirements from 60 percent, is likely to follow suit, Dai said.

China’s average new home price surged 10.7 percent in October from a year earlier, the most this year, as homebuyers defied the government’s property curbs and developers offered more high-priced apartments to tap demand, according to SouFun Holdings Ltd. (SFUN), the nation’s biggest real estate website owner.

“Fluctuations in home prices have been noticeable this year, and upward pressure on housing prices increased recently with rising transaction volumes,” Shanghai’s housing bureau said in today’s statement.

The city government will crack down on price collusion and violations of home-purchase restrictions and will take measures to ensure the stability of the land market, according to the statement.

 

 

 

http://www.bloomberg.com/news/2013-11-08/shanghai-raises-home-down-payment-requirement-after-prices-jump.html

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

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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