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44°
Saturday, apr 27
Real Estate
Michael Douglas, Catherine Zeta-Jones 'Downsize' To Sprawling $4.5M Westchester Estate
A famous Hollywood couple who have lived in Westchester County for years has "downsized" by selling one home and quietly purchasing another that's a bit smaller. Michael Douglas and Catherine Zeta-Jones recently sold their 13-acre Bedford Corners estate for $20.5 million, making quite a profit off their purchase price of $11.25 million. Michael Douglas The duo then turned around and snapped up a $12,000-square-foot home in the village of Irvington-on-Hudson for a mere $4.5 million, according to Variety. And while they certainly won't be squeezed into their new digs, they have downsize…
Real Estate
NYC Rents Soar To Three-Year High
With New Yorkers leaving the state in record numbers, rent prices continue to rise in New York City, reaching a three-year peak. The average rent for a one bedroom apartment in New York is up to $2,980, according to a new report by Zumper. The number represents a 4.2 percent increase from June a year ago and prices have reached a three-year high. The report found that two-bedroom apartments in the Big Apple are also becoming more expensive, up to an average of $3,330 monthly, a 5.1 percent increase from 2018. The average price of rent in New York City is the second highest in the country, …
Real Estate
Moving On Up: New 24-Story Hotel Development Planned For The Heart Of New Rochelle
As the city continues a transformative downtown revitalization effort, New Rochelle officials have reached an agreement to “dramatically transform” downtown with the development of a new 24-story luxury hotel that will be the first of its kind in the lower Hudson Valley. The New Rochelle Planning Board approved the development of the TRYP Hotel by Wyndham, which will be the largest hotel constructed in Westchester in two decades. It will also be the first of its kind in the lower Hudson Valley. The 245,000-square-foot development will be located directly off I-95 at 115 Cedar Street, in the…
Real Estate
For Sale: College Of New Rochelle's Campus With 425K Square Feet, 20 Buildings
The College of New Rochelle is selling off its assets as it prepares to close its doors later this summer. After 115 years, the College of New Rochelle was forced to shutter its doors following a three-year financial crisis. Following its final graduation ceremony, the college’s 15.6-acre campus has been put up for sale, days after reports that the school was failing to pay its bills to multiple creditors. The campus is spread over approximately 425,000-square-feet and includes 20 buildings. The zoning for the property allows for both residential or educational use. Any other options would…
Real Estate
Glenn Close Lists Bedford Estate For $3.6M After 30 Years In Area
After more than 30 years, iconic actress and "Fatal Attraction" femme fatale, Glenn Close has listed her Northern Westchester estate for sale. Known affectionately, as "Beanfield," the 10-acre estate in Bedford Hills on Succabone Road, which includes a totally renovated idyllic farmhouse, has hit the market for $3.6 million, according to dwell. The five bedrooms, five bathroom home was recently the setting for Close’s daughter, actress Annie Starke's wedding to management consultant Marc Albu. Starke grew up in the home originally built in 1910. The home has since been totally renovated…
Real Estate
Here's How Much Sandra Lee Lists Northern Westchester Home She Shares With Cuomo
Is it a place you would want to call home? Food Network star Sandra Lee has listed the Northern Westchester home she haš shared for several years with New York Gov. Andrew Cuomo for $2 million. In May, it was reported by Page Six that the couple is no longer living together and “have been living separate lives for a while,” with Lee spending time in Battery Park City or in California while Cuomo is busy in his Albany office. The two have denied they have broken up. This week, their four-bedroom, five-and-a-half bathroom home on the New Castle/Mount Kisco border was listed on realtor.…
Real Estate
Trump Tower Now One Of NYC's Least Desirable Luxury Buildings, Report Says
There has been a mass exodus out of Trump Tower in recent years, making it one of the least desirable luxury properties in Manhattan, according to a new report. Bloomberg News reported this week that the 36-year-old building “has been turned into a fortress,” since Trump took over in the Oval Office, with entrances partially blocked and the president’s name turning off liberals in Manhattan. According to reports, condo owners have been cashing out, with many selling at a 20 percent loss to get out of the building. Less than one percent of homes in Manhattan have sold for a loss in the past …
Real Estate
Estate Featured In 'Carlito's Way' With Stunning View Of Long Island Sound Listed At $35M
A sprawling North Shore estate on Long Island made famous in Al Pacino’s “Carlito’s Way” has been put on the market for a cool $35 million. A 26,000-square-foot mansion with seven bedrooms and seven full and 10 half bathrooms on Spring Lane in Great Neck has been listed by realtors Daniel Gale. The home sits on three acres of “picturesque waterfront property,” in the village of Kings Point. If the views of the home look familiar, it is because they were prominently featured in Pacino and Sean Penn’s crime thriller “Carlito’s Way,” which came out in 1993. In the movie, the estate was shot wh…
Real Estate
Paul Simon's New Canaan Estate Hits Market At $13.9M
Music legend Paul Simon’s Fairfield County estate can be yours for $13.9 million. The man famed for such hits as “Mrs. Robinson” and “The Sound of Silence” listed his New Canaan property this week for $13.9 million, which is 16 percent less than he purchased it for in 2012, according to the Wall Street Journal. Simon and his wife, singer Edie Brickell raised their three children at the Brookwood Lane estate, which was originally built in 1938. "The first thing we thought when we moved from Manhattan was 'Wow! We have our own park'," Simon said in a statement to the Wall Street Journal. "It…
Real Estate
Chappaqua Mansion On 86 Acres With Own Lake To Be Sold At Auction
A multi-million dollar mansion that was built for former Vision Financial Corporation CEO Stewart Dauman in Northern Westchester 15 years ago will be put up for bankruptcy auction. The 20,465-square-foot Rosewood estate in Chappaqua - which was featured in a Wall Street Journal article with the title “A Timeless New York Mansion” - has been listed on Zillow for more than a month at $13,750,000, though it has an estimated value of $11,634,633 according to the organization. Zillow posted that there will be a court-authorized bankruptcy auction held on-site at 11 a.m. on Saturday, May 18 after…
Real Estate
New Apartments Planned For Iconic White Plains YMCA Site
One of the area’s biggest, busiest and most iconic YMCA locations is being torn down and replaced by apartments in White Plains. Last April, officials from the YMCA of Central and Northern Westchester announced that it would be selling its home at 250 Mamaroneck Ave. in White Plains. They stated that their intention was to move to a non-facility YMCA model that could offer new services for members. A Tennessee-based developer purchased the property in October last year and announced plans to tear down the building and replace it with an eight-story multi-family building with nearly 175 apar…
Real Estate
$95M Apartment Complex Planned For Westchester Avenue In White Plains
A $95 million development will replace a parking lot across from a busy office building in the heart of Westchester County's I-287 corridor. The Westchester County Industrial Development Agency (IDA) approved measures to provide financial incentives for the complex that would be constructed at 1133 Westchester Ave. in White Plains. According to the IDA, the complex would be comprised of three separate five-story buildings on a 20-acre site with a total of 303 one- two- and three-bedroom apartments. Of those units, 19 would be deemed affordable. The amenities planned at the site include a …
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