Home Property, Rentals, Transactions
Earlier today, David Gotterup was sentenced at the federal courthouse in Brooklyn, New York, to 15 years in prison for leading a loan modification scheme that defrauded distressed homeowners.
The home sales growth trend continued in New York State during January with the 8,472 closed sales setting a new high-water mark for the month, according to the housing market report released today by the New York State Association of REALTORS. The January statewide median sales price of $250,000 represents an increase of 8.7 percent from a year ago.
Dawn M. Carpenter, CPM of Staten Island, NY took the oath of office Monday, February 6, as the 2017 president of the New York State Association of REALTORS (NYSAR). The association’s inauguration ceremony was held in conjunction with its business meetings at The Desmond Hotel and Conference Center in Albany, NY. She will serve a one-year term in the post.
Christine “CJ” DelVecchio, CBR, GRI of Ithaca took the oath of office Monday, February 6, as the 2017 president-elect of the New York State Association of REALTORS (NYSAR). The association’s inauguration ceremony was held in conjunction with its business meetings at The Desmond Hotel and Conference Center in Albany, NY
Governor Cuomo Announces $4.4 Million to Construct, Rehabilitate and Repair 170 Owner-Occupied Homes Across...
Governor Andrew M. Cuomo today announced nearly $4.4 million in funds to construct, rehabilitate and improve the homes of 170 income-eligible families across New York. The funds are awarded through New York State Homes and Community Renewal's Affordable Home Ownership Development Program, administered by the Affordable Housing Corporation. More than 8,800 homes under this administration have been created or made safer and more affordable with approximately $170 million in Affordable Housing Corporation awards
According to results from a Homeownership Poll conducted by the Siena Research Institute (SRI), 84 percent of New York voters supported the NY First Home proposal that would create a tax-free savings account to help New Yorkers save for a first home. Support for the program was bi-partisan and spread across the entire state
The following is a statement by New York State Association of REALTORS CEO Duncan R. MacKenzie: “The New York State Association of REALTORS (NYSAR) and its 52,000 REALTORS encourage Gov. Andrew M. Cuomo to consider a more broad-based, robust approach to assisting all our state’s residents in overcoming the barriers to homeownership. We need to invest in as many bright young minds as we can if we are to fully reinvigorate our state’s economy
Last Year, Schumer Urged Army Corps To Expedite Federal Reviews So Amy’s Kitchen Could Turn Vacant Property in Orange County Into A Major Distribution Center; Amy’s Kitchen has historically relied on local communities and small businesses to provide ingredients for their distribution centers and product lines
A record-setting November market pushed the New York State home sales total to 118,730, surpassing the 2015 annual mark of 116,671, according to the housing market report released today by the New York State Association of REALTORS. Closed home sales set a new record for November reaching 10,547 for the month, an increase of nearly 9 percent from November 2015. The November 2016 statewide median sales price of $240,000 represents an increase of 6.7 percent from a year ago
The New York State Department of Taxation and Finance today reminded veterans to take advantage of the valuable year-round tax exemptions and credits available to them, their families, and employers
The Empire State’s housing market has posted an 11-percent jump in home sales though the first nine months of 2016 compared to the same period in 2015, according to the housing market report released today by the New York State Association of REALTORS. The year-to-date statewide median sales price grew 3 percent compared to last year.
Center for NYC Neighborhoods and Citi announce joint effort to advance groundbreaking community land...
The Center for NYC Neighborhoods and Citi Community Development today announced plans to establish a groundbreaking city-wide community land trust (CLT) to advance affordable homeownership across the five boroughs of New York City. The CLT, which uses a non-profit approach to supporting community-controlled ownership of land, would create new affordable homeownership opportunities for middle- and working-class families over the long-term and shield homeowners from practices that can lead to foreclosure and displacement.
HELP USA and Buffalo Mayor Byron Brown, today were joined by New York State Homes and Community Renewal (HCR) and the Office of Temporary Disability Assistance (OTDA), and partners to announce construction of 47 units of affordable housing for low income families and formerly homeless veterans in Buffalo
Flatiron Partnership Unveils Sixth Annual Flatiron: Where Then Meets Now Report Detailing Real Estate...
The Flatiron/23rd Street Partnership Business Improvement District (BID) today released its sixth annual Flatiron: Where Then Meets Now report showcasing the significant development and growth of the commercial and residential sectors in the district.
Nassau County Executive Edward P. Mangano was joined today by Nassau County Fire Marshals and representatives from the Nassau County Firefighters Museum, Kidde and McDonalds as he proclaimed October Fire Prevention Month. County Executive Mangano urges residents to take simple steps to protect their families from fires and other emergencies
As part of his continued efforts to help homeowners reduce their property tax burden, County Executive Edward Mangano will be hosting a series of Property Tax Exemptions Workshops in October at libraries and community meeting halls throughout Nassau County.
Ulster County Executive Mike Hein chose a vacant classroom in the County-owned Business Resource Center (BRC) to deliver his 2017 Executive Budget. The proposed spending plan calls for reducing the tax burden and protecting property taxpayers again this year yet maintains essential services and continues unprecedented investment in the County’s infrastructure.
The New York Power Authority Trustees has approved a low-cost hydropower allocation to the village of Westfield, in Chautauqua County, to support a food manufacturer that plans to create 48 jobs.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Rite Aid property located at 8230 Cazenovia Road in Manlius, New York for $3,800,000. The 12,795 square foot Rite Aid property is strategically positioned along Cazenovia Road which is a primary north-south thoroughfare in the trade area.
Conifer Realty, LLC is proud to announce that Susan Sturman Jennings, Esq., has been named one of 2016’s Top Counsel from The Daily Record.
Homes sold at a record-setting pace across New York State during August with 13,912 closed sales, according to the housing market report released today by the New York State Association of REALTORS®. The previous record was 12,938 closed sales in August 2007. The statewide median sales price increased 3.8 percent compared to August 2015.
HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY APPROVES BENEFITS FOR GARDEN CITY BUILDING FOR STARTUP BUSINESSES
Hempstead Town Supervisor Anthony J. Santino announced that the town’s Industrial Development Agency (IDA) has approved a package of economic benefits that will allow a Queens-based developer to buy and renovate a vacant Garden City office building and then lease space to startup businesses
Frederick C. Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA), announced that the agency has closed on an economic assistance package that will allow two Ronkonkoma businesses to relocate to a 25,000 square foot building in Yaphank
The August 2016 Survey of Consumer Expectations shows an increase in both short-term and medium-term inflation expectations. In particular, the median year-ahead inflation expectations reached its highest level of the year. Median expected household income growth also increased (for the third month in a row) to its highest level since May of 2015. Labor market expectations were mixed: Expectations about finding a job and earnings growth both improved, but the perceived probability of losing a job and expectations about the unemployment rate both increased slightly.
Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of a 3,500 SF Aspen Dental located at 3018 NY Route 417 in Olean, NY. The property was sold for $1,647,058 to a California investor.