Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.
Elected officials, seeking to appease vocal constituents, frequently uphold restrictive zoning laws that favor single-family residences over more diverse housing options.
In 2023, the Rockland County Office of Consumer Protection investigated 617 complaints and returned $66,000 to homeowners.
BRONXVILLE—A 110-unit multifamily property built more than two decades ago here has been acquired by a fund managed by New York City-based Goldman Sachs Asset Management.
Goldman Sachs acquired Avalon Bronxville, which was built and renovated in 2012 by owner AvalonBay Communities for an undisclosed price.
Avalon Bronxville, which is located adjacent to the Metro North Bronxville train station, features a fully equipped fitness center, resident lounge, concierge, covered parking, package lockers and outdoor BBQ/picnic areas. The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, Travis Langer and Stuart MacKenzie represented the seller, AvalonBay Communities, and also procured the buyer.
“There was significant interest in the offering due to its location in downtown Bronxville and adjacency to the train offering access to Midtown Manhattan in 28 minutes,” said CBRE’s Dunne. “Lower Westchester County has high barriers-to-entry, as it is highly site-constrained with strict zoning laws, making development of new rental communities difficult.”
CBRE Institutional Properties is currently marketing for sale: The Essex County Workforce Housing Portfolio, an eight-property apartment portfolio consisting of 536 units in East Orange and Newark, NJ; Glenview House, a 146-unit apartment community in Stamford, CT; Harbourside SONO, a 129-unit newly developed apartment community in Norwalk, CT; and development parcels for multifamily in South and East Orange, NJ, Plainfield, NJ and in White Plains.
Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.
In 2023, the Rockland County Office of Consumer Protection investigated 617 complaints and returned $66,000 to homeowners.
Located at 23 Mulberry St. in the Hollow neighborhood of South Yonkers, the $48 million, four-story building has 60 energy-efficient, affordable apartments for seniors.
“Today marks a significant milestone on the path to ensuring the success of our nation’s most vital infrastructure project,” said New Jersey Gov. Phil Murphy.
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