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Real Estate
Area Real Estate Developer Charged In Investment Scheme Area Real Estate Developer Charged In Investment Scheme
Area Real Estate Developer Charged In Investment Scheme A real estate developer is facing up to two decades behind bars for operating an alleged years-long Ponzi scheme that included properties in the Hudson Valley. Michael D’Alessio, 52, has been charged with committing wire fraud in connection to his elaborate scheme to defraud investors in luxury real estate developments in Manhattan, the Hamptons, Westchester and elsewhere. D'Alessio is the former president and CEO of real estate development firm Michael Paul Enterprises in White Plains. A career real estate developer and contractor, D’Alessio was the CEO of an investment and development fi…

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by Zak Failla
Real Estate
Fort-Like Dutchess Home Hits Mark For $2.9M Fort-Like Dutchess Home Hits Mark For $2.9M
Fort-Like Dutchess Home Hits Mark For $2.9M For those looking to live on the water, with fabulous views from every window, then a new listing in Dutchess County for just under $3 million might fulfill that wish. Located in Hyde Park, just north of the Vanderbilt Mansion and minutes away from the train station, the property sits on exclusive Bolles Island, on the eastern shore of the Hudson River. The 3.4-acre property features a full 270-degree view of the river and the Catskills Mountain Range, in addition to being only 8-feet from the river itself. The land the fortress-like home sits on was the original fishing ground and encampm…

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by Kathy Reakes
Real Estate
Area Mansion Once Owned By Tommy Hilfiger On Market For Nearly $7 Million Area Mansion Once Owned By Tommy Hilfiger On Market For Nearly $7 Million
Area Mansion Once Owned By Tommy Hilfiger On Market For Nearly $7 Million The mansion once owned by designer Tommy Hilfiger that doubled as a set for reality television shows is selling for $6.75 million. The Greenwich property became familiar to television viewers as the location for the 2003 MTV series “Rich Girls” starring Hilfiger’s daughter, Ally, and for the designer’s 2005 CBS fashion competition show “The Cut.” According to this listing on Zillow, the property nicknamed "Appleyard" is an iconic compound that offers unparalleled resort style living. The timeless colonial sits on 4.6 level acres enclosed by bucolic stone walls. A gated entry opens…

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by Jon Craig
Real Estate
Hudson Valley Office Building Listed At $17.5M Hudson Valley Office Building Listed At $17.5M
Hudson Valley Office Building Listed At $17.5M A centrally located Westchester property with nearly 100,000 square feet of office space is up for sale for $17.5 million. The business property at 465 Columbus Ave. in Valhalla is more than 92 percent occupied with some high-profile public and private tenants -- including medical companies and state agencies. The offices were built in 1986 and extensively renovated in 2016.  More details about the property can be found by clicking here: 

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by Jon Craig
Real Estate
Area Business Complex Hits Market For $2.2M Area Business Complex Hits Market For $2.2M
Area Business Complex Hits Market For $2.2M If you're looking to move a major business to an affordable location within New York state, you may be in luck. For $2.2 million, investors can buy an Ulster County business complex on Enterprise Drive in Kingston. The office park includes 394,631 square feet of rentable space, has plenty of parking and access to major highways -- and is in a very affordable, fast developing region of New York state. The office park, now vacant, was built in 1958.  More details about the investment property can be found by clicking here. 

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by Jon Craig
Real Estate
Dutchess Luxury Home Sales Keep Pace With Last Year Dutchess Luxury Home Sales Keep Pace With Last Year
Dutchess Luxury Home Sales Keep Pace With Last Year The luxury real estate market in Westchester County improved after posting a 20 percent decline in the first quarter of this year, according to a report released on Wednesday, July 11 by Houlihan Lawrence. In Westchester, the luxury market is defined as properties selling for $2 million or higher. Year-to-date, luxury sales are down just 7 percent, according to the report, and sales through June 30 kept pace with the same period last year.  Meanwhile, the median sale price on luxury homes rose by nearly 4 percent to $2.6 million through June, the report said. Putnam and Dutchess county lu…

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by Jon Craig
Real Estate
Sold! Two Buildings Go For $14.75M In Hudson Valley Sold! Two Buildings Go For $14.75M In Hudson Valley
Sold! Two Buildings Go For $14.75M In Hudson Valley A commercial landlord has expanded his influence along Westchester's "Platinum Mile" with a $14.75 million purchase. Robert Weisz, founder and CEO of RPW Group of Rye Brook, said his company bought two Class A office buildings at 925-1025 Westchester Ave. on the border of West Harrison and White Plains. The purchase of the 192,711-square-foot property was announced by CBRE, a commercial real estate company that brokered the deal along with Ten-X.  The complex, formerly owned by Normandy Real Estate Partners, sits on 11.7 acres near the I-287/Hutchinson River Parkway interchange. …

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by Daily Voice
Real Estate
Beacon Development Company Buys Former IBM West Site In East Fishkill Beacon Development Company Buys Former IBM West Site In East Fishkill
Beacon Development Company Buys Former IBM West Site In East Fishkill A Beacon development company, RWHPA LLC, has purchased the former IBM West/Bright solar 125-acre campus in East Fishkill in a deal brokered by McGrath Realty, Inc. The deal, which was two years in the making, was closed this month for an undisclosed amount.  The land includes three flex buildings and 70 acres of land, the realty company said. According to McGrath, the town of East Fishkill and Dutchess County government were involved in the process, especially the economic development sector because of its layout in such "a fast growing commercial and industrial region," he added…

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by Kathy Reakes
Real Estate
Tom Brokaw Lists Hudson Valley Estate For $6.3 Million Tom Brokaw Lists Hudson Valley Estate For $6.3 Million
Tom Brokaw Lists Hudson Valley Estate For $6.3 Million Revered newsman Tom Brokaw has put his 56-acre Pound Ridge complex on the market for more than $6 million. Brokaw, who was recently accused of sexual misconduct, purchased the family retreat at 43 South Bedford Road, in 1999 for $4,255,000 according to property records. The NBC legend listed the property for $6,300,000 with Muffin Dowdle of Bedford Hills-based Ginnel Real Estate Located about 50 miles north of Manhattan, the compound, which includes enough room to build additional homes,  includes five-bedroom, a 5-acre lake and a lakeside pool with a pool house.  The Zillow listing says …

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by Kathy Reakes
Real Estate
Chappaqua Crossing Apartments Officially Open Chappaqua Crossing Apartments Officially Open
Chappaqua Crossing Apartments Officially Open New York State Homes and Community Renewal and Wilder Balter Partners announced the completion of a $21 million affordable housing development in the Chappaqua section of the Town of New Castle.  The Chappaqua Crossing development renovated the historic Reader’s Digest headquarters building to create 64 mixed-income apartments. Developed by Wilder Balter, the sprawling campus will include a variety of retail and commercial spaces and is near the Chappaqua Metro-North train station and Saw Mill River Parkway. During a Thursday June 7 ribbon-cutting ceremony, RuthAnne Visnauskas, commissioner…

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by Jon Craig
Real Estate
Mahwah House Listed At $1.5M Is Private Getaway Right Here Mahwah House Listed At $1.5M Is Private Getaway Right Here
Mahwah House Listed At $1.5M Is Private Getaway Right Here A Mahwah house with breathtaking views of the Ramapo Mountains is listed at $1.579 million. The mountain top retreat sits on more than 2.8 acres on the quiet and private cul-de-sac Weathervane Court. Stone and mill-work are featured outside with the indoor grand foyer opening to the dining and great rooms (with fireplace).  The house also features a custom kitchen with gourmet appliances, a two-story breakfast room, dark hardwood floors and floor-to-ceiling windows. There are five bedrooms and six bathrooms. CLICK HERE FOR COMPLETE LISTING.

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by Cecilia Levine
Real Estate
Ex-Giants Coach Lists Smart House For $2.9M Ex-Giants Coach Lists Smart House For $2.9M
Ex-Giants Coach Lists Smart House For $2.9M Former New York Giants head coach Ben McAdoo has listed his Bergen County home. The 7,500-square-foot Franklin Lakes home was listed at $2.9 million on Zillow this weekend, two years after McAdoo and his wife, Toni, purchased it in May 2016 (after his promotion to head coach on the team). McAdoo was fired the following year after the team started the season 2-10. The house has five bedrooms, six bathrooms and sits on just more than two acres of land. It is described on Zillow as being a private modern-day estate with everything controlled by smart technology from your phone. Features inclu…

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by Cecilia Levine