Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
In total, the project will entail four mixed-income, multifamily buildings totaling 860 rental units, including 78 on-site affordable units, along with accessible open space.
According to a cost benefit analysis prepared for the LDC, the renovations project would generate a one-time sales tax revenue of $45,973 and $5.2 million in sales tax revenue over a 30-year period.
The Critical Care Tower at Westchester Medical Center will house several notable services, including advanced cardiac, neuroscience, oncology, and surgical specialty care.
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.
The diminishing property values have restricted property owners' access to loans for essential upkeep, renovations, and maintenance, leading to a rapid deterioration of rent-stabilized buildings in the coming years.
Developer AMS Acquisitions received preliminary approval of financial incentives totaling approximately $11.6 million in sales and mortgage tax exemptions for a multi-phase $306.7-million, mixed-use development.
The consent decree, which still must secure court approval, will require WJWW to pay $1.25 million in civil penalties to the U.S. EPA ($600,000) and to New York State ($650,000).
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.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.
