Waterfront Long Island Home Where Noted Author Wrote Last Novel Lists At $18M, Report Says Waterfront Long Island Home Where Noted Author Wrote Last Novel Lists At $18M, Report Says
Waterfront Long Island Home Where Noted Author Wrote Last Novel Lists At $18M, Report Says Nobel Prize-winning author John Steinbeck’s Long Island estate, where he notably penned his final novel, “The Winter of Discontent,” has hit the market for nearly $18 million. Steinbeck’s waterfront home in the Hamptons has been listed for $17.9 million, which would be the first time the property was put up for sale in more than six decades. The 1.8-acre property includes nearly 600 feet of private waterfront and a 60-foot pier with views of Morris Cove and Upper Sag Harbor Cove. It is being sold through a private trust that was established by Steinbeck’s late wife Elaine. “The year was 1…
COVID-19: New Report Reveals Just How Big Housing Boom Has Been During Pandemic COVID-19: New Report Reveals Just How Big Housing Boom Has Been During Pandemic
Covid-19: New Report Reveals Just How Big Housing Boom Has Been During Pandemic The housing boom ignited by the COVID-19 pandemic has been even bigger than previously thought, according to data released by the Federal Reserve Bank of New York in its report for the final quarter of 2020. Total household debt increased by $206 billion (1.4 percent) to $14.56 trillion for the last three months of 2020, driven in part by a steep increase in mortgage originations, the report stated. That total debt balance is $414 billion higher than at the end of 2019. But wait, there's more. Home prices increased 9.5 percent in November, the highest jump in six years, according to …
Yorktown Green Project Proposed Featuring 150 Apartments, Mixed-Use Building Yorktown Green Project Proposed Featuring 150 Apartments, Mixed-Use Building
Yorktown Green Project Proposed Featuring 150 Apartments, Mixed-Use Building One of the most prominent vacant commercial sites in Northern Westchester could be getting a multi-million dollar facelift to transform it into a massive mixed-use building. A proposal to transform Yorktown Green into a mixed-use development featuring 150 apartments, ground-level retail locations, and a new supermarket was introduced to the Town Board this week to much fanfare. According to Olster Properties, the 15-acre development in the heart of Yorktown Heights on Downing Drive would include the demolition of the current 90,000-square-foot building that was the home of a defunct Kmart …
Tommy Hilfiger Sells $45 Million Mansion In Fairfield County Tommy Hilfiger Sells $45 Million Mansion In Fairfield County
Tommy Hilfiger Sells $45 Million Mansion In Fairfield County Fashion icon Tommy Hilfiger is ditching the Northeast for warmer pastures in Florida after selling his Greenwich mansion for $45 million. This week, after having the 13,344-square-foot mansion listed for several months, Hilfiger closed the deal on the 22-acre John Street estate. The Greenwich home includes six bedrooms, 11 bathrooms (eight full, three powder rooms), a reflecting pool, guest house English gardens, a koi pond, a private pool and had been listed for approximately $44 million. According to realtor.com, the home also has hand-painted fabric walls, carved millwork, wide-board a…
COVID-19: Pandemic Leads To Surge In 'Tiny House' Sales COVID-19: Pandemic Leads To Surge In 'Tiny House' Sales
Covid-19: Pandemic Leads To Surge In 'Tiny House' Sales It seems puzzling at first, but COVID-19 has increased demand for homes in the 120 to 500 square-foot range. Tiny homes, the seemingly quirky, sustainable living trailers that were popularized during the 2010s recession, are being sought in greater numbers, according to manufacturers and industry analysts. A manufacturer in California became so inundated with requests that he had to expand his warehouse from 12,000 square feet to 22,000 square feet, according to Yahoo News. 2020 wound up being a record year for the company and no one was more surprised than the owner. Why would anyone want…
COVID-19: Luxury Home Sales Soar North Of New York City COVID-19: Luxury Home Sales Soar North Of New York City
Covid-19: Luxury Home Sales Soar North Of New York City The market for luxury homes in the suburbs north of New York City has been red-hot during the COVID-19 pandemic, as realtors saw record-breaking numbers as eager buyers flocked en masse away from the densely crowded city. Low inventories, highly-motivated buyers, low-interest rates, and a booming stock market created a true seller’s market, leading to record-breaking sales, specifically in Westchester, Putnam, Dutchess, and Fairfield counties, officials said. According to a new report from Houlihan Lawrence, “pandemic-driven changes in buyer preferences were especially prevalent in New York…
100-Home Route 7 Luxury Apartment Community Sold For $34.7 Million 100-Home Route 7 Luxury Apartment Community Sold For $34.7 Million
100-Home Route 7 Luxury Apartment Community Sold For $34.7 Million The Avalon apartments in Wilton's town center have been sold for $34.7 million.  Real estate company CBRE announced that the hundred-unit apartment complex was sold by owner AvalonBay Communities to Clarion Partners on Monday, Dec. 21. The complex includes a fitness center, a heated pool, BBQ grills and a playground.  “We are delighted to have represented AvalonBay in the sale of Avalon Wilton,” said CBRE’s Jeff Dunne. “The property’s highly desirable location is in the affluent town of Wilton which boasts one of the top-rated public school systems in Connecticut. With extremely h…
Wizard Of Oz-Inspired Castle Hits Market In Hudson Valley Wizard Of Oz-Inspired Castle Hits Market In Hudson Valley
Wizard Of Oz-Inspired Castle Hits Market In Hudson Valley There’s no place like home. Whether you’re a wicked witch, flying monkey, cowardly lion, or lack a heart, an iconic Hudson Valley castle that may have been an inspiration for the “Wizard of Oz” creator L. Frank Baum has hit the market for $3.45 million. The historic castle in Putnam County is located near Route 9D in Garrison. Believed to have been the inspiration of the Wicked Witch’s castle in the Hollywood classic, it's now been listed on the market by Hudson Valley-based Houlihan Lawrence. Related story - Mariano Rivera's Westchester Home Listed For $3.995M, Report Says Toto wou…
COVID-19: New Data Reveals Number Who Have Moved Out Of NYC During Pandemic, Where They've Gone COVID-19: New Data Reveals Number Who Have Moved Out Of NYC During Pandemic, Where They've Gone
Covid-19: New Data Reveals Number Who Have Moved Out Of NYC During Pandemic, Where They've Gone There are now numbers behind the mass exodus of New York City residents to the suburbs and beyond amid the COVID-19 pandemic. From March 1 through Oct. 31 this year, a total of 295,103 NYC residents have made change-of-address requests. That's according to data The New York Post obtained from the US Postal Service. Most went to Long Island -- a total of more than 40,000 (21,362 to Suffolk County, with 6,500 of that number in six zip codes on the East End, and 18,731 to Nassau County), followed by Westchester County (15,850) and 9,356 to Hudson County, New Jersey (which includes J…
Mariano Rivera's Westchester Home Listed For $3.995M, Report Says Mariano Rivera's Westchester Home Listed For $3.995M, Report Says
Mariano Rivera's Westchester Home Listed For $3.995M, Report Says After closing out games for the New York Yankees for nearly two decades, Hall of Famer Mariano Rivera is looking to find a buyer and close on a deal for his Westchester home. Rivera, the all-time MLB saves leader, has listed his massive 13,000-square-foot Rye residence on the market for $3.995 million, well below the $5.7 million he paid when he purchased it in 2006, according to the Wall Street Journal. The nine-bedroom, 8.5-bathroom mansion on Brook View Lane is being listed by Compass. It sits on a 1.17-acre lot with a front gate, four-car garage, pool, billiards room, basketball court, …
COVID-19: NYC Exodus Fuels Massive Hamptons Real Estate Boom COVID-19: NYC Exodus Fuels Massive Hamptons Real Estate Boom
Covid-19: NYC Exodus Fuels Massive Hamptons Real Estate Boom Manhattan’s loss during the COVID-19 pandemic may have been the Hamptons’ gain, as New Yorkers flooded east to avoid the density of the city and have been looking to make the area their home. Since the pandemic first made its way to the East Coast, there has been a mass exodus of New Yorkers who made their way to second or rental homes on Long Island, with many not coming back, even as the state’s infection rate has stabilized. According to a new report from Brown Harris Stevens, the market remains robust, in just a few months, between July and September, nearly a billion dollars worth of p…
Fairfield County Has Fastest Rising Home Prices In US, Report Says Fairfield County Has Fastest Rising Home Prices In US, Report Says
Fairfield County Has Fastest Rising Home Prices In US, Report Says Housing prices are rising more quickly in Fairfield County than any other locale in the U.S., according to data compiled from the real estate website Redfin by Bloomberg.  Compared to September of 2019, housing sales throughout the county this September rose by 80 percent, and median home prices reportedly increased by 33 percent to $499,000.  The second-fastest-growing metropolitan area was Memphis, Tennessee, according to the data; median home prices increased there by 29.7 percent in September compared to September of 2019.  Also in the rankings was New Haven, which ranke…