While many potential buyers believe they need a down payment of 20% for their first home purchase, the typical down payment for first-time buyers has ranged from 6% to 9%, dating back to 2018.
Located at 30 Water St. on the former site of the Village Department of Public Works property, the project will consist of two new buildings with 109 units of rental apartments.
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.
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