“The top driver of our affordability crisis is the rising cost of rent and mortgages, and New Yorkers need our help.”
Incoming HGAR President Sejdi is an Associate Broker with HomeSmart Homes & Estates in White Plains. She served as President-Elect in 2024, Secretary in 2023, and Regional Director for Westchester County in 2022.
Rates at 6% are the new normal, and from a historical perspective they’re completely fine, especially given the strength of the economy and inflation adjusted wage gains over the past few years.
The development is expected to generate $1 million in property taxes, with almost $900,000 of the estimated total for the Yorktown school district.
YORKTOWN—The Town Board of Yorktown recently approved a zoning change for a 55+ active adult townhouse community to be developed by Toll Brothers, clearing the way for the home builder to now seek site plan approval.
The developer needed a zoning change to allow for the construction of the planned community on the 50.5-acre parcel that would include a clubhouse, pool, roads, storm water management system and other improvements. The Town Board approved the zone change at its session on Dec. 10.
Toll Brothers must now submit a site plan application to the Yorktown Planning Board for review and additional public hearings.
“The Town Board conducted a thorough review with public discussion that lasted more than three years since the project was initially proposed. We determined that this project offers Yorktown’s active empty-nesters who are downsizing from single-family homes the opportunity to remain in our community in an attractive, market-rate development that will help fund our public schools while not burdening them with more children,” said Yorktown Supervisor Ed Lachterman.
The development is expected to generate $1 million in property taxes, with almost $900,000 of the estimated total for the Yorktown school district. The property owner currently pays $184,806 in yearly taxes.
The Town previously approved a proposal for a 108-unit complex at the site with the option to expand it by 30 or 40 units. The builder behind that proposal only completed an adjacent 96-bed nursing home, which was also approved as part of that development.
The property contains the former Catharine Field Home, originally founded by an Episcopal nun in 1887 as a home for older women. Toll Brothers agreed to donate a 2.5-acre portion of the property containing the Catharine Field Home to the town for preservation and adaptive reuse. Currently the building is used by the Field Hall Foundation.
“The top driver of our affordability crisis is the rising cost of rent and mortgages, and New Yorkers need our help.”
Incoming HGAR President Sejdi is an Associate Broker with HomeSmart Homes & Estates in White Plains. She served as President-Elect in 2024, Secretary in 2023, and Regional Director for Westchester County in 2022.
Rates at 6% are the new normal, and from a historical perspective they’re completely fine, especially given the strength of the economy and inflation adjusted wage gains over the past few years.
Inventory levels across many of the markets surveyed continue to contribute to a competitive landscape for buyers, driving median prices upward.
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