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Real Estate
$11M Property Owned By Rolling Stone Magazine Co-Founder One Of Priciest In Area In 2018 $11M Property Owned By Rolling Stone Magazine Co-Founder One Of Priciest In Area In 2018
$11M Property Owned By Rolling Stone Magazine Co-Founder One Of Priciest In Area In 2018 A Dutchess County mansion that was owned by a co-founder of Rolling Stone Magazine ranked near the top of a brand new list released of the most expensive properties sold in upstate New York last year. Jann Wenner’s 7,979-square-foot, five-bedroom, four-bedroom mansion on Davis Lane in Tivoli sold in November for slightly less than $11 million. The mansion, which was built in 1994, was the fifth most expensive transaction upstate in 2018. In order to determine which were the most expensive homes sold in upstate New York, PropertyShark looked at all residential transactions closed in 2018, ta…

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by Zak Failla
Real Estate
Bruce Willis' Northern Westchester Estate Hits Market For $12.95M Bruce Willis' Northern Westchester Estate Hits Market For $12.95M
Bruce Willis' Northern Westchester Estate Hits Market For $12.95M Bruce Willis, who reached international fame in 1988 playing John McClane in the original "Die Hard," has listed his 22-acre, Northern Westchester estate for $12.95 million. The compound in Bedford Corners estate on Croton Lake Road features a view of the Croton Reservoir, according to the listing by Douglas Elliman. The listing agents are: Nancy Strong, Stacey Oestreich and Ann Cutbill Lenane. The listing, first reported by The Wall Street Journal, states that the gated property is “beautifully landscaped,” and includes four houses with a total of 12 bedrooms, a vegetable ga…

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by Zak Failla
Real Estate
Sale Of This $33M Estate Priciest In Westchester In 2018 Sale Of This $33M Estate Priciest In Westchester In 2018
Sale Of This $33M Estate Priciest In Westchester In 2018 The late David Rockefeller’s 75-acre Pocantico Hills estate in Mount Pleasant was the priciest residential sale north of New York City in 2018, according to a brand-new report. Rockefeller’s 11,000-square-foot home in Westchester County sold for $33 million in March last year, after it was listed for $22 million in the fall of 2017. According to PropertyShark, which released the report, eight of the 10 properties that made the list (of most expensive traded) are in Westchester, with the remaining two in Dutchess. They considered every county north of New York City, including Westchester…

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by Zak Failla
Real Estate
Nearly $400M In Residential Developments Proposed For Three Westchester Projects Nearly $400M In Residential Developments Proposed For Three Westchester Projects
Nearly $400M In Residential Developments Proposed For Three Westchester Projects A trio of developments have been approved by officials in Yonkers totaling nearly $400 million. The Yonkers Industrial Development Agency (IDA) approved resolutions that will provide financial incentives for three extensive residential projects in the city that represent an investment of an estimated $391 million. It is further estimated that the projects will create 1,300 construction jobs and add nearly 1,000 residential units in Yonkers. At the center of the development plan is Ludlow Point, a $199.7 million investment that is part of the new Ludlow Station Area Master Plan. According to…

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by Zak Failla
Real Estate
Trust With Bill Gates Ties Acquires 124 Acres In Westchester Trust With Bill Gates Ties Acquires 124 Acres In Westchester
Trust With Bill Gates Ties Acquires 124 Acres In Westchester A trust with a tie to Microsoft magnate Bill Gates was among the most expensive properties traded north of New York City last year, according to a new report. Robert Buote, a trustee of Wellington Trust, purchased a $15.8 million home in North Salem on behalf of Gates last year, marking the second most expensive transaction north of Manhattan in 2018. The deal was closed on Jan. 5. According to PropertyShark, which released the report, eight of the 10 properties that made the list (of most expensive traded) are in Westchester, with the remaining two in Dutchess. They considered ev…

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by Zak Failla
Real Estate
Here's Where Westchester Ranks Among NY Counties For Median Home Sales Price Here's Where Westchester Ranks Among NY Counties For Median Home Sales Price
Here's Where Westchester Ranks Among NY Counties For Median Home Sales Price The Hudson Valley is home to some of the finest and most expensive homes in New York State. But where does it land on the list of sale prices? The New York State Department of Taxation and Finance released the statistics of the median sale price for homes sold by county. According to the New York State Department of Taxation and Finance, “in order for a sale to be included in the statistics, it must be an arm's length residential sale coded non-condominium. Further, the sale price must be greater than $10 and the number of days between the sale date and the contract date must be less than a…

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by Zak Failla
Real Estate
These Westchester Towns Rank Highest In Median Home Sale Price These Westchester Towns Rank Highest In Median Home Sale Price
These Westchester Towns Rank Highest In Median Home Sale Price Westchester County is home to some of the area’s nicest properties, but where are houses selling for the highest prices? Citing data from Houlihan Lawrence, Westchester Magazine has compiled the communities with the highest median home sale prices last year. Countywide, the median house sold for $787,633.698. The Westchester municipalities with the highest median sale prices last year include: Bronxville ($2,237,500); Rye ($1,850,000); Scarsdale ($1,670,000); Larchmont ($1,320,000); Harrison ($1,275,000); Mamaroneck ($1,200,000); Armonk ($1,056,250); Irvington ($1,024,999); Pelham ($930…

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by Zak Failla
Real Estate
Look Inside: Westchester Native Sean 'Diddy' Combs' Former Mansion On The Market Look Inside: Westchester Native Sean 'Diddy' Combs' Former Mansion On The Market
Look Inside: Westchester Native Sean 'Diddy' Combs' Former Mansion On The Market The mansion formerly belonging to music mogul and Westchester native Sean "Diddy" Combs is on the market for just under $4.2 million. Combs purchased the home in the Bergen County community of Saddle River in 1997 for $2.5 million -- the same year he released his first rap album, according to property records.  Pool with jacuzzi, waterfall, patio, fire pit and built-in barbecue.NJMLS Combs, who grew up in Mount Vernon, sold it the following year and later bought a house in Alpine. The 11,067-square-foot, Hollow Road home was recently fully renovated.  KitchenNJMLS It boasts six bed…

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by Cecilia Levine
Real Estate
Construction To Start On Complex With 36 Luxury Apartments In Westchester Construction To Start On Complex With 36 Luxury Apartments In Westchester
Construction To Start On Complex With 36 Luxury Apartments In Westchester A defunct movie theater in Westchester will soon be revitalized by three dozen luxury apartments, a cafe and several refurbished stores. Developers have broken ground at the Harrison Playhouse Lofts in downtown Harrison, which is an adaptive reuse of the old Harrison movie theater that has been closed for over a dozen years.  The project is a mixed-use, transit-oriented development that will add 36 luxury rental units as well as a new street-level café on Purdy Street and refurbished stores on Harrison Avenue.   Officials said the project was designed by Stephen Tilly Architects, who are “…

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by Zak Failla
Real Estate
'World’s Highest-Paid Actress' Buys $4M Estate In Area 'World’s Highest-Paid Actress' Buys $4M Estate In Area
'World’s Highest-Paid Actress' Buys $4M Estate In Area Star watchers apparently will have a chance to catch a glimpse of the "world's highest-paid actress," when she moves into her new digs located in the tony Palisades neighborhood of Rockland County. Celebrity snoopers from the New York Post say  Scarlett Johansson of "Avenger" fame recently purchased a 4,000-square-foot Washington Spring Road estate in Sneden's Landing for $4 million. Named the "Ivy House, the Rockland County mansion offers glittering views of the Hudson River and includes four bedrooms and four bathrooms, said Variety. Designed by artists and arch…

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by Kathy Reakes
Real Estate
Sold! Office Complex Goes For $55M In Westchester Sold! Office Complex Goes For $55M In Westchester
Sold! Office Complex Goes For $55M In Westchester A six-building office complex formerly known as Reckson Executive Park has been sold for $55 million, according to CBRE commercial real estate firm that brokered the deal. The property at 2 and 3 International Drive in Rye Brook, near King Street and New York's border with Connecticut was purchased by George Comfort & Sons.  Manhattan-based George Comfort & Sons acquired the 563,596-square-foot office complex in a joint venture with a fund managed by DRA Advisors. The complex was owned by SL Green, which announced in April the impending sale of the property. "The tightening o…

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by Jon Craig
Real Estate
New Rochelle Wins $10M Award For Downtown Revitalization Initiative New Rochelle Wins $10M Award For Downtown Revitalization Initiative
New Rochelle Wins $10M Award For Downtown Revitalization Initiative New Rochelle received a $10 million grant after being chosen as the Mid-Hudson winner of the third round of the Downtown Revitalization Initiative. New York Gov. Andrew Cuomo announced this week that New Rochelle has been chosen as one of 10 municipalities throughout the state to receiving the funding that is designed to “help communities boost their economies by transforming downtowns into vibrant neighborhoods.” In New Rochelle, the grant is scheduled to accelerate work on the mile-long Lincoln Avenue Corridor. “New Rochelle's Lincoln Avenue Corridor is an area ripe with potential to app…

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by Zak Failla