Chief among the reform measures included in the budget was disincentivizing institutional investors from buying up one- and two-family homes.
This draft language preserves or strengthens a raft of provisions vital to housing affordability.
In a third transaction, an existing 76-unit development completed about six years ago has a new owner.
The big winner in terms of property value was Manhattan’s District 10, coming in with $1.182 million for the median property value.
Hours after the incident, Kessler shared via social media that that plane dropped approximately 6,000 feet in seconds.
Research by Pattern for Progress indicates that taxes alone in Connecticut and Pennsylvania are 20% to 40% lower than in New York, and 50% to 80% lower in the Carolinas and Florida.
The New York metro region’s median listing price of $789,000 in May 2024 was 34% higher than in May 2019.
New York Gov. Kathy Hochul announced on May 28 that federal assistance is available to New Yorkers in Ontario, Orange, and contiguous counties who were impacted by last year’s early July flood event.
New listings of single-family homes rose in the Bronx, Westchester, Putnam, and Orange counties, while pending sales for all property types increased in every region except Rockland and Orange counties.
This dispute could have far-reaching implications beyond the real estate industry, as the split-decision ruling from the Circuit Court conflicts with the existing precedent of both the D.C. Circuit Court and the U.S. Supreme Court.
Cross County was originally developed by Sol Atlas. The more than 70-acre property began operations with approximately 30 stores and the Cross County Hospital, which closed in the 1980s and was later redeveloped as a hotel.
With the median sales price for a single-family home in the City of Mount Vernon at $627,550 as of April, a 1.5% transfer tax translates to $9,413.25.
New York City and the Hudson Valley continue to be among the most desirable locations in the nation, so it’s no surprise that inventory is at a premium and home prices are reflecting that.
In 2022, the median net worth of homeowners was $396,200, while the median net worth of renters was $10,400.
While interchange improvements and possible multimodal upgrades are planned in the corridor, the main focus of construction would be centered at locations on Route 17 in Orange County.
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