Home Property, Rentals, Transactions
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.
Governor Cuomo Announces $29.7 Million in Grants for North Country Water Infrastructure Improvements
Governor Cuomo today announced $29.7 million in grants to support 18 critical municipal water infrastructure projects in the North Country. These grants are part of the second round of NYS Water Grants funded through the state’s highly successful Water Infrastructure Improvement Act
Following reports of homeownership dipping to its lowest level since 1965, Representative Sean Patrick Maloney has renewed calls for passage of legislation he introduced last year to make it easier for first-time homebuyers to save for a down payment. Current law allows first time homebuyers to make penalty-free withdrawals from their IRA to go toward the purchase of a home. However, the current limit of $10,000, which was enacted nearly 20 years ago and not indexed to inflation, has not kept up with rising costs and stagnating wages. Rep. Maloney’s bipartisan First Time Homeowner Savings Plan Act would help the law catch up, by increasing the limit to $25,000 for first time homebuyers.
A webcast on the request for proposals (RFP) that has been issued by the New York State Office of General Services (OGS) for the purchase and development of 27 acres of prime real estate in the Governor W. Averell Harriman State Office Campus in Albany will be held on Wednesday, July 27 at 11:00 a.m.
Ulster County Executive Mike Hein visited Karina Dresses in uptown Kingston, a business that recently relocated from Brooklyn, to announce the launch of two advertising campaigns by the Ulster County Economic Development Alliance focused on promoting Ulster County as the ideal place to live and develop and grow business in today’s always connected economy.
Driven by a very strong second quarter, home sales were up by 15.4 percent though the first six months of 2016 compared to the first half of 2015, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price increased by 2.2 percent compared to a year ago at the end of the June
Rochester’s Cornerstone Group, Ltd., New York State Homes and Community Renewal, PathStone Corporation, Community Preservation Corporation, and partners today announced the opening of Long Pond Senior Housing, the first phase of a 120-unit housing development in the Town of Greece that provides 54 one and two-bedroom apartments with support services to help income-eligible and frail seniors remain independent.
Ulster County Executive Mike Hein signed into law legislation that he previously proposed to enhance real property tax exemptions available to Ulster County Veterans. Based upon new exemption levels recently adopted by the New York State Legislature, this legislation ensures that Ulster County continues to grant its Veterans the most up-to-date exemptions allowable under New York State Real Property Tax Law.
Conifer is pleased to announce that, in partnership with Volunteers of America Upstate New York (VOAUPNY), a brand new, 60-unit, senior apartment community is now leasing in Webster!
MAYOR DE BLASIO, U.S. SENATOR SCHUMER ANNOUNCE PURCHASE OF DISTRESSED HOME-OWNER MORTGAGES FROM FEDERAL...
Mayor Bill de Blasio; U.S. Senator Chuck E. Schumer; Council Speaker Melissa Mark-Viverito; Council Members Daniel Garodnick, Daneek Miller and Donovan Richards; a number of not-for-profit organizations; and Goldman Sachs as financing partner, today announced the purchase of 24 distressed mortgages for one- to four-family homes – with a total of 41 residential units – in the Bronx, Brooklyn, Queens and on Staten Island.
With a nearly 10-percent increase in home sales compared to May 2015, the New York State housing market posted its 16th consecutive month of growth compared to the same month in the prior year, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price grew by 3.2 percent compared to a year ago.
Assembly Announces Passage of Legislation to Combat Neighborhood Blight and “Zombie” Homes in New...
Speaker Carl Heastie, Judiciary Committee Chair Helene Weinstein, Banks Committee Chair Annette Robinson and Assemblymember Michelle Schimel today announced the passage of legislation that is part of a three-way agreement to combat the rising problem of abandoned residential properties by creating new obligations for mortgage owners and lenders to maintain property which has been rendered vacant and abandoned
Partnership Elects New Board Members, Presents Awards to New York City Dept. of Small Business Services, Honors Security Efforts, Unveils Video Focusing on Neighborhood Transformation
Tom Reed issued the following statement in the wake of the recent unanimous Supreme Court ruling in Army Corps of Engineers v. Hawkes Co. Inc. The ruling allows private property owners to appeal how their land is classified by the Corps, and therefore the types of regulations land is subject to, in Federal court
The Federal Reserve Bank of New York today released results from its February 2016 SCE Housing Survey, which provides information on consumers' housing-related experiences and expectations. The survey shows a modest decline in home price growth expectations. However, the majority of households still view housing as a good financial investment. Mortgage rate expectations have declined since last year’s survey, and renters’ perceived access to mortgages has become easier.
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 July at libraries and community meeting halls throughout Nassau County
The New York State Association of REALTORS (NYSAR) was joined by New York State Senator Betty Little (R-Glens Falls) and Assemblymember Phil Ramos (D-Brentwood) on REALTOR Lobby Day in support of the NY First Home legislative proposal designed to assist New Yorkers in their quest to become first-time homeowners. The program would create a new tax-free savings account to help cover costs associated with the purchase of a first home in the state
Sullivan County is accepting applications from property owners seeking to be included in New York State Agricultural Districts 1 and 4, for a 30-day window beginning April 1st and ending April 30th. New York State Agricultural Districts are geographic areas that consist predominantly of viable agricultural land. Agricultural operations within the districts are afforded benefits and protections to promote the continuation of farming and the preservation of agricultural land.