Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant.
Genting Malaysia announced components of the bond sale deal on Aug. 15.
The Westchester Industrial Portfolio is situated in infill locations and are strategically located properties that benefit from significant barriers to entry, limited new supply and connectivity to major New York transportation infrastructure.
In the first quarter, the Northeast performed best in both sales and price gains by percentage.
Nguyen is a local Realtor with more than 20 years of experience.
The most commonly staged rooms by home sellers’ real estate agents were the living room (91%), primary bedroom (83%) and dining room (69%).
The project, which will cost an estimated $750 million, will be financed through a combination of a $500-million Dormitory Authority of the State of New York bond, philanthropy and equity from operating expenses.
According to the CBRE report, Manhattan’s supply of properties undergoing conversions have a median age of 68 years.
The Make-A-Wish donation will be presented at the Foundation’s May 15 “Dancing for the Foundation” event at the Glen Island Harbour Club in New Rochelle.
The average mortgage rate was 6.65% in March, down from a 6.96% average in January and down from a 6.84% average in February.
Encore was developed by Cappelli Development and built by its affiliate, LRC Construction.
Total housing inventory registered at the end of March was 1.33 million units, up 8.1% from February and 19.8% from one year ago (1.11 million).
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